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:

Establishing organizational specific and measurable goals and deciding how to accomplish them (C) Signup and view all the answers

An organization's vision statement is:

A clear and concise outline of an organization's values and goals that it would like to achieve (D) Signup and view all the answers

What is a company's mission statement?

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 (B) Signup and view all the answers