comm 101 lecture 6 & 7
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Questions and Answers

What is management's role in a business?

  • Coordinating people and other resources to achieve the goals of an organization (correct)
  • Creating the product or service offered by the business
  • Setting prices for the products and services
  • Conducting market research to find new customers

    • What is leadership?

  • A process of delegation and management
  • The relationship between a leader and the followers (correct)
  • A method for controlling individuals
  • An approach to enforcing rules

    • what are the 4 functions of management

  • leading/motivating (correct)
  • organizing (correct)
  • planning (correct)
  • controlling/evaluating (correct)

    • The planning portion of management involves:

    <p>Establishing organizational specific and measurable goals and deciding how to accomplish them</p> Signup and view all the answers

    An organization's vision statement is:

    <p>A clear and concise outline of an organization's values and goals that it would like to achieve</p> Signup and view all the answers

    What is a company's mission statement?

    <p>A clear, concise articulation of how the company intends to achieve its vision - how it's different from its competition and the keys to its success</p> Signup and view all the answers

    What is involved in a business's strategic planning process?

    <p>Establishing an organization’s major goals and objectives and allocating resources to achieve them</p> Signup and view all the answers

    What is involved in the organizing portion of management?

    <p>Division of labor, grouping of jobs and employees, and assigning authority and responsibilities</p> Signup and view all the answers

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