ADM 1300 Study Guide - Midterm Guide: Sole Proprietorship, Groupthink, Selective Perception

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: All

Document Summary

20 multiple choice, 2marks/each 15 answer question 4marks/each. Explain the different parts of the formal definition. Finally, management involves activities carried out in an organizational setting by people with different functions intentionally structured and coordinated to achieve common purposes. Basically the management is structured around the areas of financial, human resources, operation, marketing and information organizational functions (2marks). Each organization has its own personality, created by the experiences, skills, personalities and mannerisms among the people who make up the organization. Complete this sentence: the rational decision making process requires managers to . 2- make sure that the chosen alternative has served its original purpose. 3- adopt an alternative that had previously been discarded. 4- recognize that the situation was not correctly defined to begin with and start the process all over again if required. Organizational politics; intuition; escalation of commitment; risk propensity. Provides direction, guidance and motivation for all managers. What is difference between the mission statement and corporate.