Planning and Organizing
Leading and Controlling
Levels of Management
Managing resources
True and False
100
What is planning?
planning is the process of setting realistic goals for a business
100
What are the three ways to lead
Motivating, Communicating and Encouraging Participation
100
What are the three levels of Management?
Upper management, middle mamagement and lower-level management
100
What do purchasing managers do?
negotiates deals for the supply and delivery of raw materials, equipment, supplies, and goods for resale
100
Planning, Organizing, Leading and Motivation and the four major functions?
False
200
What is organizing?
It is arranging people and tasks to carry out the business's plan.
200
Controlling is a method managers use to...?
increase, maintain, or decrease the resources.
200
What does Lower-level management do in the planning process
Lower-level management impliments plans from upper and middle management
200
What do Production managers do?
ensure that their business makes the things it is supposed to make
200
Purchasing, production, marketing and distribution, research and development and finance are the 5 managing resources
True
300
What are the two types of goals?
Short term and Long term
300
What are the three activities that are involved in controlling
employee discipline, performance appraissals, and budgeting
300
If a company is expanding, what is the middle management in charge of doing?
Responsible for building and running the factory
300
What do Marketing and distribution managers do?
try to ensure that what the company produces gets sold
300
A Comptroller is a marketing expert
False
400
What are examples of the two type of goals?
Short term examples- sales or imcome target Long term - maximize profits
400
Give four examples of ways to motivate employees
increase pay promotion well-suited office providing challenging work trusting employees appreciate employees etc...
400
What kind of goals does upper management set, give examples
They set long-term goals. Examples : developing new products, entering new markets, and selling off part of the business
400
What do Research and deveopment managers do?
create new products or services, or come up with new and better ways to produce the same product or service.
400
Motavating, communicating and Encouraging participation are ways of leading?
True
500
When expanding a business what is the responsibility of each level of management
upper - sets long term company goals middle - interprets plans from upper managment lower - implements plans from above
500
What happens when the department fails to reach its goals?
If the department fails to reach its goals, its budget may be cut and resources reduced.
500
What are some job titles included in upper managment?
CEO COO CFO vice-president of marketing vice-president of human resources
500
What do Finance managers do? Who are they?
Finance managers are accountants. They keep records of the company's financial transactions and controlling the company's money.
500
The most important resource is Finance
False. They are all very important
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