Name: ___________________________

Test 3 Chapter 1

1. The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organization's resources is called
A. employment.
B. management.
C. career planning.
D. competitive advantage.
E. strategic planning.

2. A group of people who work together to achieve some specific purpose is/are called
A. managers.
B. employees.
C. a team.
D. an organization.
E. a community.

3. To be ____A_________ means to use resources wisely and cost-effectively.
A. efficient
B. effective
C. multiplied
D. ethical
E. innovative

4. To be ____B__________ means to make the right decisions and successfully carry them out to achieve goals.
A. efficient
B. effective
C. multiplied
D. ethical
E. innovative

5. The scarcest, most valuable resource in business is
A. a highly stable technology.
B. a young workforce.
C. skilled effective managers.
D. financial capital.
E. government support. 6. Which of the following is a payoff of studying management as a discipline?
A. You will understand how to choose target markets.
B. You will understand how to relate to your family much better.
C. You will understand how to market the organization.
D. You will understand how to advance your career quickly.
E. You will understand how to manage yourself in the workplace. 7. The ability of an organization to produce goods or services better than its competitors is called its
A. customer responsiveness.
B. core competency.
C. competitive advantage.
D. efficiency.
E. effectiveness. 8. ______ is the implementation of systems and practices to increase the sharing of knowledge and information throughout an organization.
A. Knowledge management
B. Information management
C. E-management
D. Project