Chapter 1 SB and Homework

Which of the following defines an organization?

A group of people who work together to achieve some specific purpose

What key to career growth did Jeff Bezos possess that motivated him to leave a stable lucrative job and create a start-up that became Amazon?

Ability to take risks

As a manager, to practice _____ means to use the organization's resources cost-effectively and wisely.

Efficiency

Which of the following are management activities?

Pursuing organizational goals Integrating the work of people Controlling the organization's resources

Which of the following statements is true about the financial rewards of being a manager?

Some middle-level managers make more than $100,000 a year.

Which of the following are three examples of commonweal organizations?

The U.S. Postal Service The military The local fire department

What are two potential rewards of being an exceptional manager?

The ability to earn more than most workers Fringe benefits, such as a large office or stock options

Which of the following are true of nonprofit organizations?

They may operate in the private sector. Their purpose is to offer services to clients.

Managers need human skills, which are defined as the

ability to work well in cooperation with other people to get things done.

The organizing function of management is characterized by

arranging tasks, people, and other resources to accomplish the work.

A manager who is effective

carries out decisions successfully so that the organization's goals are achieved. makes the right decisions. achieves results.

The ability to think analytically, visualize an organization as a whole, and understand how the parts work together are examples of _____ skills.

conceptual

The managerial function of ______ involves monitoring performance, comparing it to goals, and taking corrective action when needed.

controlling

Middle managers are said to have "high-touch" jobs because they _____

deal directly with people

To be _____ in management means to achieve results, to make the right decisions, and to successfully carry them out in order to achieve the organization's goals.

effective

Managers who make short-term operating decisions and direct the tasks of non-managerial personnel are called _______ managers

first-line

A ______ organization's purpose is to make money by offering products or services

for-profit

Managers who are responsible for several organizational activities rather than just one are called ______ managers.

general

Functional managers are responsible for _____

just one organizational activity

Motivating, directing, and otherwise influencing people to work hard to achieve the organization's goals is the definition of which management function?

leading

The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organization's resources is the definition of _____.

management

Planning, organizing, leading, and controlling represent the four __________.

management functions

Those who implement the policies and plans of top management above them and supervise and coordinate the activities of the first-line managers below them are called _______

middle managers

The function of leading in management is defined as

motivating, directing, and otherwise influencing people to work hard to achieve the organization's goals.

The concept that a manager's influence extends far beyond the results that can be achieved by an individual acting alone is called the _____ effect.

multiplier

Voluntary collections of members whose purpose is to advance the interests of their members are known as _____ organizations

mutual-benefit

The majority of a company's workforce is made up of _____

nonmanagerial employees

In business, a group of people who work together in an attempt to achieve some specific purpose is known as a(

organization

The planning function of management is characterized by

setting goals and deciding how to achieve them.

The types of job-specific knowledge you need to perform well in a specialized field, known as _______ skills, appear to be most important for first-line managers.

technical

Managers have a multiplier effect in organizations, which means that ______.

their influence goes far beyond the results that one person could achieve acting alone

Individuals in management who make long-term decisions about the overall direction of the organization and establish the objectives, policies, and strategies are called _______ managers.

top

Managers should pursue organizational goals efficiently. This means that managers should

use resources cost-effectively.