GEEMIND Flashcards

1
Q

described as a set of well-defined and methodical skills that are taught to persons who aspire to be managers.

A

Management

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2
Q

He quoted, “Management is that function of an enterprise which concerns itself with direction and control of the various activities to attain business objectives.

an executive function that deals with the active direction of the human effort.”

A

William Spriegal

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3
Q

He quoted, “Management is defined for conceptual, theoretical and analytical purposes as that process by which managers create, direct, maintain and operate purposive organization through systematic, coordinated, co-operative human effort.”

A

Mc Farland

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4
Q

According to him, “Management is not people; it is an activity like walking, reading, swimming or running. People who perform management can be designated as members of management or executive leaders.”

A

Terry

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5
Q

Characteristic of management: Management is one of the components of production, along with land, labor, and capital. The demand for managers grows in tandem with the development of industrialization.”

A

Economic Resource

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6
Q

Characteristic of management: “Management is a goal-oriented activity, thus it must be __________. It coordinates employee efforts in order to achieve the organization’s goals.”

A

Purposeful

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7
Q

Characteristic of management: “Planning, organizing, staffing, directing, and managing are all ______________ in management. These functions are so intertwined that it’s impossible to pinpoint the order in which they occur or their relative importance.”

A

Separate Process

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8
Q

Characteristic of management: “The essence of management is the integration of human and non-human resources in order to accomplish the desired outcomes.”

A

Integrative Force

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9
Q

Characteristic of management: “A command and control system hierarchy are represented by management as a group of managers.”

A

Authority System:

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10
Q

Characteristic of management: “support of a variety of other disciplines, including engineering, anthropology, sociology, and psychology. The combination of these disciplines has resulted in a large amount of management literature.”

A

Management has evolved as a field of study.

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11
Q

Characteristic of management: “Management is applicable to everyone. Management principles and approaches can be used in a variety of settings, including business, education, the military, government, and hospitals.”

A

Universal Applicability

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12
Q

MANAGEMENT FUNCTIONS OR MANAGEMENT PROCESS
If people working in groups are expected to perform well, they must understand what has to be done, what tasks they must conduct in order to complete the task, and when it must be completed.

A

Planning

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13
Q

MANAGEMENT FUNCTIONS OR MANAGEMENT PROCESS
a. determining long and short-term objectives

b. developing strategies and courses of action for achieving these
objectives

c. formulating policies, procedures, and rules, among other things,
for putting strategies and plans into effect.

A

Performance planning

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14
Q

MANAGEMENT FUNCTIONS OR MANAGEMENT PROCESS
basic process of combining and integrating human, physical, and
financial resources in productive interrelationships in order to
achieve company objectives.

A

ORGANIZING

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15
Q

MANAGEMENT FUNCTIONS OR MANAGEMENT PROCESS
process of hiring suitable personnel to carry out the tasks after
determining objectives, formulating strategies, policies, programs,
procedures, and rules to achieve them.

A

Staffing

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16
Q

MANAGEMENT FUNCTIONS OR MANAGEMENT PROCESS
is the process of motivating people to do their best work and
contribute their full potential to the attainment of corporate objectives.

A

DIRECTING

17
Q

MANAGEMENT FUNCTIONS OR MANAGEMENT PROCESS
The process of establishing relationships between various sectors of an organization so that they all pull in the same direction

A

COORDINATING

18
Q

MANAGEMENT FUNCTIONS OR MANAGEMENT PROCESS
he said that a manager should make sure that his company is “coordinated, so moving together in their closely-knit and adjusting actions, so linking, interlocking, and interacting that they constitute a working unit, which is not congeries of individuals.”

A

Mary Parker Follet

19
Q

MANAGEMENT FUNCTIONS OR MANAGEMENT PROCESS
It ensures that divisional, departmental, sectional, and individual results are in line with predetermined goals and objectives.

A

CONTROLLING

20
Q

LEVELS OF MANAGEMENT
ultimate source of authority, and it sets the company’s goals,
rules, and plans.

the policy-making body in charge of the company’s overall
direction and success.

A

Top Management

21
Q

LEVELS OF MANAGEMENT
Consists of functional department heads, such as the
purchasing manager, production manager, marketing
manager, financial controller, and divisional and sectional
officers.

They are accountable to upper management for the smooth
operation of their departments.

A

Middle Management

22
Q

LEVELS OF MANAGEMENT
This level of management is at the bottom of the management
structure, and it is responsible for real operations.

A

Lower Management

23
Q

Partnerships are based upon a partnership agreement, also known as

A

Articles of co-partnership.

24
Q

a company owned by two or more individuals who agree to run the
business as partners or co-partners.

A

GENERAL PARTNERSHIP

25
Q

is more structured than general partnerships and has both general and limited partners. You need at least one general and one limited partner.

A

LIMITED PARTNERSHIP

26
Q

is a type of partnership where owners are not held personally responsible for the business’s debts or other partners’ actions.

A

LIMITED LIABILITY PARTNERSHIP

27
Q

is a legal entity that is created to conduct business. It becomes an entity separate from those who founded it that handles the responsibilities of the organization.

A

Corporation

28
Q

is the process of creating a new legal entity that is separate from its
owners/shareholders and protects them from personal liabilities,
whereas a corporation is the end-product of that process

A

Incorporation

29
Q
A