MNGT 200_Module 5

Fill in the blank: Management is "the process of _______, organizing, leading, and controlling resources to achieve organizational goals and objectives."

Which of the following is fundamental for the success of businesses in Canada?

• Effective marketing

• Effective management

• High sales

• Customer service

Fill in the blank: Effective management enables companies to "operate efficiently, respond to changing market conditions, and achieve _________."

• long-term success

• short-term losses

• market stagnation

• increased confusion

• random outcomes

True or False: Canadian businesses do not need to manage resources effectively to succeed.

• True

• False

Which of the following is NOT one of the four functions of management?

• A) Planning

• B) Organizing

• C) Marketing

• D) Controlling

Fill in the blank: SMART goals are Specific, ________, Attainable, Relevant, and Timely.

What does SWOT stand for in strategic planning?

• Strengths, Weaknesses, Opportunities, Threats

• Systems, Workflows, Objectives, Targets

• Strategies, Weaknesses, Operations, Tactics

• Success, Worth, Opportunities, Trends

Fill in the blank: Organizing involves coordinating and allocating resources to execute plans, including dividing up tasks, grouping jobs and employees, and assigning _________

• authority and responsibilities

• vacation days and bonuses

• meeting times and locations

• uniforms and equipment

Which function of management involves guiding and motivating others to achieve goals?

Fill in the blank: Feedback systems are vital for detecting issues before they ________.

• escalate

• disappear

• multiply

• vanish