Principle of Maritime (Part 6)

What is management?

• The act of getting people together to accomplish desired goals

• The person who performs the act of management

• What is management acts or functions?

• All of the above

Planning is a key management role in which types of organizations?

• Private business

• Nonprofit organization

• Corporate business

• All of the above

What is the primary management function because it establishes the basis for all the other functions that managers perform?

• Organizing

• Leading

• Controlling

• Planning

What is the process of deciding in advance what is to be done, where, how, and by whom it is to be done?

• Leading

• Controlling

• Organizing

• Planning

What are the two important elements of planning?

• Mission and vision

• Goal and objective

• Plan and strategy

• Customer and product

What is the organization's purpose or fundamental reason for existence?

• Philosophy

• Mission

• Self-concept

• Goal

Which type of goals are set by middle management for specific departments or units?

• Strategic goals

• Tactical goals

• Operational goals

• Long-term goals

Goal setting helps managers assess performance, allocate resources, define corporate culture, and:

• Minimize uncertainty

• Facilitate control

• Improve competitive strength

• Encourage innovation

What is a requirement of a good plan?

• Being challenging and unattainable

• Lack of flexibility

• Lack of communication

• Being clear and stable

What types of planning involve setting objectives that cover more than five years?

• Short-range planning

• Intermediate planning

• Long-range planning

• Ad-hoc planning