SMGT 3143 Study Guide - Midterm Guide: Probability Theory, Closed System, Capital Budgeting
Document Summary
35 multiple choice and t/f questions, 3-4 short answer questions, 1 long essay question. What is it: a social entity that: Is involved with an exchange of product: has structured activity systems. Is goal-oriented: has a relatively identifiable boundary. Instrumentality: an organization exceeds the capacity of its individual members. Instruments of domination: created to benefit the interests of all who come in contact with them, exploit their workers, host communities and environments, expose everyone involved. Stakeholders: people who"s interest is effected by an organization"s behavior. Factors within the external environment: customers, competition, suppliers, workforce, shareholders, society, technology, economy, governments. What is management: process of achieving organizational goals, with and through other people, within the constraints of limited resources. Functions of management: planning, set the goals for the organization and its members, organizing, break down the total work into specific jobs, leading. Influence members to achieve organizational goals: controlling, assess how well the organization accomplished the goals.
