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MGTA01H3 : Chapter 7 Important Vocab

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blackbat998
22 Jun 2011
School
UTSC
Department
Management (MGT)
Course
MGTA01H3
Professor
Chris Bovaird

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MGTA01H3 Full Course Notes
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MGTA01H3 Full Course Notes
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Document Summary

Management: the process of planning, organizing, leading, and controlling a business" financial, physical, human and information resources in order to achieve its goals. Planning: that portion of a manager"s job concerned with determining what the business needs to do and the best way to achieve it. Organizing: that portion of a manager"s job concerned with mobilizing the necessary resources to complete a particular task. Leading: that portion of a manager"s job concerned with guiding and motivating employees to met the firm"s objectives. Controlling: that portion of a manager"s job concerned with monitoring the firm"s performance and, acting to bring it in line with the firm"s goals. Senior managers: those managers responsible for a firm"s overall performance and effectiveness and for developing long range plans for the company. M iddle managers: those managers responsible for implementing the decisions made by top managers. First- line managers: those managers responsible for supervising the work of employees.

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Related Questions

Maslow was mainly concerned with explaining how: 
 
A. jobs could be broken down into very simple tasks that could be performed by unskilled workers.
B. human motivation was related to a hierarchy of needs.
C. managerial assumptions about workers affected their style of management.
D. to achieve open two-way communication within an organization

 

Two key management functions that need particular attention when starting a business are:
 
A. human relations and accounting. 
B. planning and financing. 
C. marketing and public relations. 
D. staffing and controlling.
The purpose of management by objectives is to: 
A. enable top management to set goals for the entire organization.
B. simplify the jobs of middle management by providing them with predetermined goals and objectives. 
C.help employees motivate themselves with a goal-setting model that involves, discussion, review, and evaluation by management and employees. 
D. allows employees to set their own goals without consulting with management.