1. Management and Its Role in Efficiency and Effectiveness Select the word or phrase that best completes each of the following statements. Though generally managers are thought to plan, organize, lead, and control across four types of organizational resources, managers may specialize in one specific resource area. For instance, primarily manage employees and decisions related to employee efficiency and effectiveness Lou is a supervisor at the Dairy Queen, where he focuses on setting employee schedules and training new employees. Lou's management role deals pomarily with resources Select the best answer to the following question Walmart hos posted a job description for an open position focused on the following responsibilities managing the merchandising of new products in the appropriate store areas, selecting appropriate shelving and display materials throughout the store; identifying needed store repairs. Which type of organizational resource will this job manage? Human Physical Financial Information Successful companies generally achieve their goals efficiently and effectively. Efficiency refers to using resources wisely and without unnecessary waste. Effectiveness means making the right decisions and implementing them successfully. Good managers continuously evaluate whether they are achieving results in the most efficient and effective way, and then apply what they learn to future projects. Applying what you know about efficiency and effectiveness, select the word or phrase that best completes the following sentences Denna bakes beautiful wedding cakes. The cakes are very expensive because, for every cake sold, she throws away three cakes that aren't just right. Jennais You deliver pizzas for a local restaurant. At least once or twice per evening, the person taking phone orders writes down the delivery address incorrectly. Frequently, you are sent to make just one delivery, even on busy days. Last night, after you arrived more than an hour late, a customer told you to take the pizza back" because it was no longer hot. The pizza restaurant is Congratulations! You received an A+ on the final exam in your Principles of Management class. You were busy this semester and had to be very efficient with your study time. So you can perform similarly next semester, you made a list detailing why you were so efficient with your study time. Which of the following statements relate specifically to your officiency? Check all that apply. You woke up 30 minutes early each morning and got in the habit of reading at least 10 pages in the textbook every day, You made flash cards with the key terms for each chapter so you could study for a few minutes while waiting for the bus or standing in line at the store You reviewed your class notes each week to remind yourself of any lingering questions about the lectures so you could do additional reading and research After reading each chapter, you completed a set of multiple choice questions to distinguish the topics you needed to study more carefully from those you already knew fairly well