Exam 2

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The four functions of management are planning, leading, organizing, and controlling.

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To achieve successful goals of management includes people, money, and time.

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Managers who report to higher-level managers but are supervisors to lower-level managers are considered to be first-line managers.

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Another name for first-line managers is supervisory.

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Determining an organizational goal and action plan for achieving those goals is called organizing.

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Monitoring performance and making adjustments as needed is the role of controlling.

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Required skills for managers would include: (check all of the following)

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The need to feel secure, free of harm, and free of fear is the need for safety.

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List in order from easiest to fulfill to the most difficult to fulfill in Maslow's Needs.

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Establishes a vision for the company is the job of tactical planning.

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The relationship among individual effort, individual performance, and individual reward is the equity theory.

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For unexpected events, involving a range of scenarios and assumptions that differ from the assumptions behind the core plans are a part of Contingency Planning.

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The SWOT analysis helps managers evaluate an organization by external strengths and weaknesses, and internal opportunities and threats.

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Bringing specialists to different areas of the company to work on specific tasks or individual projects temporarily is called Line-and-Staff organization.

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Set objectives for followers but give them freedom to do what they need to accomplish is called

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To encourage American firms to focus on quality improvement is ISO9000.

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Funds a firm uses to acquire its assets and finance its operations is called?

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What are short-term financing sources? (Check all that apply)

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Mix of equity and debt financing a firm's uses to meet its permanent financing needs is called Financial Leverage.

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A budgeted income statement is a projection showing how a firm's budgeted ( sales, assests ) and ( owner's equity, costs ) will affect expected net income.

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Ability of a firm to obtain the cash it needs to pay short-term debt

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Employees who do not expect normal, full-time hours are called contingent workers.

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Verifies the financial statements of a firm, prepared by an external auditor are management reports

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Protects creditors by preventing the borrower from pursuing policies that might undermine its ability to repay loans

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Specific and measurable, realistic but challenging, tied to a time frame

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Examples of Fixed Position Layout

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Telecommunting...

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Protect employees from unfair treatment by employers

difficult Intro to Business Quiz am Exam 2, erstellt von Brittany Santiago am 22/03/2016.

The four functions of management are planning, leading, organizing, and controlling.

To achieve successful goals of management includes people, money, and time.

Managers who report to higher-level managers but are supervisors to lower-level managers are considered to be first-line managers.

Another name for first-line managers is supervisory.

Determining an organizational goal and action plan for achieving those goals is called organizing.

Monitoring performance and making adjustments as needed is the role of controlling.

Required skills for managers would include: (check all of the following)

The need to feel secure, free of harm, and free of fear is the need for safety.

List in order from easiest to fulfill to the most difficult to fulfill in Maslow's Needs.

Establishes a vision for the company is the job of tactical planning.

The relationship among individual effort, individual performance, and individual reward is the equity theory.

For unexpected events, involving a range of scenarios and assumptions that differ from the assumptions behind the core plans are a part of Contingency Planning.

The SWOT analysis helps managers evaluate an organization by external strengths and weaknesses, and internal opportunities and threats.

Bringing specialists to different areas of the company to work on specific tasks or individual projects temporarily is called Line-and-Staff organization.

Set objectives for followers but give them freedom to do what they need to accomplish is called

To encourage American firms to focus on quality improvement is ISO9000.

Funds a firm uses to acquire its assets and finance its operations is called?

What are short-term financing sources? (Check all that apply)

Mix of equity and debt financing a firm's uses to meet its permanent financing needs is called Financial Leverage.

A budgeted income statement is a projection showing how a firm's budgeted ( sales, assests ) and ( owner's equity, costs ) will affect expected net income.