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HRM > Management midterm REVIEWER part2 > Flashcards

Management midterm REVIEWER part2 Flashcards

1
Q

refers to the coordination of work activities through and with other people to accomplish the goals of an organization. It involves both art and science, balancing people skills with systematic processes

A

Management

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2
Q

Managers should:

A

Make Decisions
Organizing and Staff the Positions
Plan
Control Activities
Lead the group toward its objectives

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3
Q

1991

A

R.A 6977

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4
Q

the use of influence to motivate employees to achieve organizational goals.

A

DIRECTING/ LEADING

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5
Q

They measure actual performance and guide it toward some
predetermined goals

A

Control Activities

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6
Q

Micro

A

Php3m or less in assets and one to nine employees

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7
Q

amended by Republic Act 8289 in

A

1997

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8
Q

6977 as Republic Act in

A

1991

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9
Q

ADVANTAGES OF SMALL BUSINESS

A
  1. Personalized relationships with employees and customers.
  2. Flexibility in management.
  3. Government incentives
  4. Simple record keeping
  5. Independence
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10
Q

refers to the Process, Techniques in coordinating activities of people, the
direction of actions towards common goals.

A

Management

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11
Q

amended by Republic Act 9501 in

A

2008

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12
Q

The ________________ categorizes MSMEs based on their asset size and number of employees

A

Department of Trade and Industry(DTI)

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13
Q

involves the assignment of tasks into departments, and the allocation of
resources to departments. (MEN, MONEY, and MACHINES)

A

ORGANIZING

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14
Q

BIR

A

Bureau of Internal Revenue (revenue collection)

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15
Q

The _________ Enacted by the Philippine Congress

A

Magna Carta for Small Enterprises (R.A. 6977)

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16
Q

THERE ARE TWO KINDS OF SMALL BUSINESSES

A

micro business
small business

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17
Q

can be integrated as part of organizing, which involve putting the right
men to the right jobs.

A

STAFFING

18
Q

Republic Act 3883

A

known as the Business Names Law

19
Q

CHARACTERISTICS OF SMALL BUSINESS

A
  1. Labor Intensive.
  2. Efficient in a specialized skill or service.
  3. Successful in a small, isolated or overlooked markets.
  4. Often operates in unstable markets.
  5. Closer to the markets.
  6. Ownership and management are generally under the same person.
  7. Capital comes from the owner or small group.
  8. Small are of operation.
  9. The size of the business enterprise is small in relation to the industry.
20
Q

They determine the structure and allocation of jobs, and they place people in them

A

Organizing and Staff the Positions

21
Q

FEATURES OF SMALL BUSINESS

A
  1. It is privately owned.
  2. It has a few or no layers of management.
  3. Generally, it has insufficient resources to dominate its field of
    business.
22
Q

Medium

A

Php15,000,001 to Php100,000,000 in assets and 100 to 199 employees

23
Q

Two Government Agencies involved

A

SEC
DTI – BTRCP

24
Q

ECONOMIC CONTRIBUTIONS OF SMALL BUSINESS

A
  1. Create employment
  2. Fill needs of society and big business
  3. Introduce innovation
  4. Provide competition
25
Q

SSS

A

Social Security System (social justice)

26
Q

is the attainment of organizational goals in an effective and efficient
manner using functions of planning, organizing, directing and controlling organizational
resources.

A

Management

27
Q

Large

A

Php100,000,001 or more in assets and 200 or more employees

28
Q

WHY SMALL BUSINESS FAILS

A
  1. Lack of business experience
  2. Lack of financing
  3. Lack of adequate sales
  4. Poor credit practices
  5. Wrong choice of business
  6. Lack of business records
29
Q

1997

A

R.A 8289

30
Q

they motivate subordinates in their performance to
achieve common objectives.

A

Lead the group toward its objectives

31
Q

SEC

A

Securities and Exchange Commission

32
Q

PTO

A

Permit to Operate

33
Q

2008

A

R.A 9501

34
Q

they develop a process for choosing, from available alternatives, actions that will achieve desired results.

A

Make Decisions

35
Q

Two important elements by definition of management

A

The Management functions of planning, organizing, directing and controlling
The attainment of organizational goals in an effective and efficient manner.

36
Q

monitoring of employees activities, determining whether the
organization is in line with goals, and making corrections as necessary, from deviations

A

CONTROLLING

37
Q

a group changed through a cycle of births and deaths.

A

Small businesses

38
Q

Small

A

Php3,000,001.00 to Php15,000,000 in assets and 10 to 99 employees

39
Q

They anticipate the future, discover alternative courses of action, and set guides for
future decisions.

A

Plan

40
Q

DTI – BTRCP

A

Department of Trade and Industry, Bureau of Trade
Regulation and Consumer Protection

41
Q

defines where the organization wants to be in the future and how to get
there.

A

PLANNING

42
Q

DISADVANTAGES OF SMALL BUSINESS

A
  1. Difficulty of raising fund
  2. Risk of failure
  3. Limited management skills
  4. Lack of opportunities for employees

HRM (25 decks)

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