Important principles that guide decisions and actions in a company are known as:
core values
Effective managers should use strategic management rather than tactical management.
False
Managers are responsible for the ethical actions of a business.
True
An entrepreneur who starts a new business is not considered to be a manager.
False
It is often said that the most important resource of a business is
people
The way people get along with each other.
human relations
The effort to inspire and motivate individuals and groups to accomplish important goals.
leadership
Is Joe Evil?
Absolutely
All of the activities involved in obtaining, preparing, and compensating the employees of a business.
staffing
Enables a person to affect the actions of others.
influence
Analyzing information, setting goals, and making decisions about what needs to be done.
planning
A person who is not a manager but is still able to get a group focused and organized is using
informal influence
The process of accomplishing the goals of an organization through the effective use of people and other resources.
management
Which of the following is not one of the five functions of management?
producing
Determines to what extent the business is accomplishing the goals it set out to reach in the planning stage.
controlling
The important principles that will guide decisions and actions in the company.
core values
Identifying and arranging the work and resources needed to achieve the goals that have been set.
organizing
The leadership role is not part of a formal structure.
informal influence
The leadership role is part of the organization's structure.
formal influence
The way people get along with each other is known as
human relations
Which of the following is not a standard of ethical behavior?
It should not give the company a competitive advantage.
Ensure that the highest standards of conduct are observed in a company's relationships with everyone who is a part of the business or affected by the business' activities.
ethical business practices
Which level of management spends most of its time completing planning and controlling activities?
top management
The way a manager treats and involves employees.
management style
The effort to direct and lead people to accomplish the planned work of the organization.
implementing