Organization and Management

Question 1

Financial Bottom Line

Answer 1

Focuses on maximizing the organization’s financial well-beings

Question 2

Triple Bottom Line

Answer 2

Enhances organization’s well being by reducing the negative socio and ecological aspect

Question 3

Early Management Thought

Answer 3

They achieve business goals by suggesting and guessing

Question 4

Scientific Management Era

Answer 4

Through observation, experimentation, and analysis, you can work on building an efficient environment.

Question 5

Social Person Era

Answer 5

PURPOSE is a better motivation than money. People productivity is dependent on relation and attention.

Question 6

Modern Era

Answer 6

Managers need to find out what motivates employees to implement strategies to support skill development over time

Question 7

Strategic plan

Answer 7

long term plans that your business would want to achieve

Question 8

Strategic plan

Question 9

Tactical Plan

Answer 9

Short term steps to achieve a strategic plan

Question 10

Operational Plan

Answer 10

1 yr plan to support the tactical plan

Question 11

Decision Making Roles

Answer 11

Entrepreneur and negotiator

Question 12

Informational Role

Answer 12

interpreting plans and giving them to the lower mgt

Question 13

interpersonal role

Answer 13

create a vision and inspire others

Question 14

conceptional skills

Answer 14

being able to analyze a business and create good decision

Question 15

human skills

Answer 15

managing, leading, and motivating groupmates

Question 16

Environmental Forces and scanning

Answer 16

gathering info about events and relationships within an organization’s internal and external environment

Question 17

economic growth

Answer 17

increase in GDP

Question 18

economic development

Answer 18

structural transformation of the economy

Question 19

Structural Transformation

Answer 19

Change in GDP due to jobs and agricultural activities

Question 20

Demographic transition

Answer 20

Fertility and death rates; life expectancy and population

Question 21

Process of urbanization

Answer 21

demographic transition and moving from a rural area to an urban area

Question 22

Sole proprietorship

Answer 22

owned by 1 person and owns all the assets, profits, and even liabilities

Question 23

partnerships

Answer 23

owned by 2 or more people. Agrees on decisions, and profits and losses to be shared

Question 24

communication

Answer 24

knowledge in business English

Question 25

organization

Answer 25

efficient use of time and resources

Question 26

agility

Answer 26

critical thinking

Question 27

domain knowledge

Answer 27

understanding the process from the bottom up

Question 28

service business

Answer 28

providing service to customers such as a spa

Question 29

manufacturing business

Answer 29

creating their own products with raw materials

Question 30

merchandising business

Answer 30

purchasing products and selling them

Question 31

hybrid business

Answer 31

combination of all three classification of business