MGT501 Midterm Updated 30 June 2022 by Attiq Kundi

MGT501 · Mid-Term · Quiz by Attiq Kundi · 100 % CORRECT MCSQ · AND Many MoRe · MGT 501 · Also Added Today Quiz · 30-june-2022 · Some Important Notes from · LEC 1 TO 22 · PLANNING

Planning is specifying and deciding of appropriate actions in advance to achieve the goals.

Organizing is the coordination of all organizational resources needed to achieve the goals.

LEADING

Leading is directing, encouraging, motivating and communicating with employees, individually and in groups.

Controlling means to get job done in the given time?

EFFICIENCY

It is a ratio of input and output. (Doing things right).

EFFECTIVENESS

It is the degree to which the organizations output correspond to the needs and wants of the external environment. SYNERGY

This concept states that the whole is greater than the sum of its parts. e.g. 2+2=5 (fifth unit is synergic affect)

PERSONALITY

The unique combination of physical behavior/traits that describes a person?

PERCEPTION

Perception is the mental process to pay attention.

ATTITUDE

It consists of feelings, believes and behaviors?

ETHICS

Rules and principles that define right and wrong conduct.

STAKE HOLDERS

All individuals and groups that are directly or indirectly affected by an organization’s decision.

INDIVIDUALS

Individuals are important units of any organization.

PROACTIVE RESPONSE It involves taking action in anticipation of environmental changes

REACTIVE RESPONSE It involves simply reacting to environmental changes after they occur.

AUTHORITY It is the right to make decisions, to direct the work of others, and to give orders.

EXECUTIVES Executives are the top-level managers who report directly to the corporation’s chief executive officer.

HR GENRALIST Are people who perform tasks in wide variety of human resource related areas.

HR SPECIALIST Specialist may be a HR executive, manager or non-manager who typically is concerned with only one of the functional areas of HRM.

FAIR EMPLOYMENT A situation in which employment decisions are not affected by discrimination

EMPLOYMENT DISCRIMINATION To make an employment decision, not on the basis of legitimate jobrelated factors. Or a situation in which employment decisions are affected by discrimination

GROUP

A group is defined as two or more interacting individuals who come together to achieve particular goal.

Type of Groups I. Formal (a work group that is established by organization for specific assignment or task) ii. Informal (a group i.e. formed naturally due to social relations)

TEAM

A group of highly independent members, committed to accomplish a common goal.

Types of Teams I. Self-managed ii. cross departmental iii. quality circles (problem solving)