IV. Test.

1) Management is an ongoing activity, entails reaching important goals, and involves knowing how ... the four major functions of management.

a) the organizing function

2) The function of planning also includes considering what must be done to encourage necessary levels of ...

b) a manager's working knowledge

3) Staffing jobs with individuals who can successfully carry out plans is also part of ...

c) compare the results

4) To do the necessary regulating, managers need to monitor ongoing activities, … with expected standards or progress toward goals, and take corrective action as needed.

d) key ingredients

5) Although the four major functions of management form the basis for the managerial process, several additional elements are considered ... of this process as well.

e) not-for-profit organizations

6) ... and key management skills also are important factors that contribute to high performance (achieving goals).

f) to perform

7) It is useful to keep in mind that the management process applies not only to profit – making organizations but also to ...

g) change and innovation

1) management

a) the management function that involves setting goals and deciding how best to achieve them

2) planning

b) two or more persons engaged in a systematic effort to produce goods or services

3) organizing

c) the management function that involves influencing others to engage in the work behaviours necessary to reach organizational goals

4) leading

d) the management function that is aimed at regulating organizational activities so that actual performance conforms to expected organizational standards and goals

5) controlling

e) the management function that focuses on allocating and arranging human and non-human resources so that plans can be carried out successfully

6) organization

f) the process of achieving organizational goals through engaging in the four major functions of planning, organizing, leading and controlling