1. Management and Its Role in Efficiency and Effectiveness Select the word or phrase that best completes each of the following statements. People who pursue careers in management can expect their jobs to include the planning, controlling, leading, and organizing of organizational resources. By definition, the types of resources managers manage include human, physical, financial, and information resources. Managerial staff at the Dairy Queen make decisions about how to reinvest profits, how to improve pront margins, and how to manage tax liabilities, all of which are resources. Select the best answer to the following question. Tarbet has posted a job description for the following open position: Seiecting prospective employees from submitted rsumes and job applications; supervising staff; serving as liaison with managerial staff and other colleagues. Which type of organizational resource will this job manage? financial Human Physical 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. Shira specializes in making invitations for children's parties. Because she is using an old, worn-out printer, about half of the invitations must be thrown away due to smeared ink, It is fortunate that Shira can still fulfill her orders, because she cannot afford to buy a new printer for at least 6 months. Shira is Frank wants to run a marathon in less than 3 hours. He made a schedule that should allow him to spend the minimum amount of time training while: still improving his speed and endurance. Frank is following his plan, but his running time is not improving. Frank is Congratulationst You received an A+ on the final exam in your Principies of Management elass. 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 efficiency? Check all that apply. 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 failly well. You reviewed your class notes each week to remind yourseif of any lingering questions about the lectures so you could do additional reading and reseatch. You made fash carde wath the key terms for each chapter so you could study for a few minutes whie waiting for the bus or standing in line at the store. You wokn up 30 minutes early each morning and pot in the habt of reading at least 10 pages in the textbook every day. 1. Management and Its Role in Efficiency and Effectiveness Select the word or phrase that best completes each of the following statements. People who pursue careers in management can expect their jobs to include the planning, controlling, leading, and organizing of organizational resources. By definition, the types of resources managers manage include human, physical, financial, and information resources. Managerial staff at the Dairy Queen make decisions about how to reinvest profits, how to improve pront margins, and how to manage tax liabilities, all of which are resources. Select the best answer to the following question. Tarbet has posted a job description for the following open position: Seiecting prospective employees from submitted rsumes and job applications; supervising staff; serving as liaison with managerial staff and other colleagues. Which type of organizational resource will this job manage? financial Human Physical 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. Shira specializes in making invitations for children's parties. Because she is using an old, worn-out printer, about half of the invitations must be thrown away due to smeared ink, It is fortunate that Shira can still fulfill her orders, because she cannot afford to buy a new printer for at least 6 months. Shira is Frank wants to run a marathon in less than 3 hours. He made a schedule that should allow him to spend the minimum amount of time training while: still improving his speed and endurance. Frank is following his plan, but his running time is not improving. Frank is Congratulationst You received an A+ on the final exam in your Principies of Management elass. 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 efficiency? Check all that apply. 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 failly well. You reviewed your class notes each week to remind yourseif of any lingering questions about the lectures so you could do additional reading and reseatch. You made fash carde wath the key terms for each chapter so you could study for a few minutes whie waiting for the bus or standing in line at the store. You wokn up 30 minutes early each morning and pot in the habt of reading at least 10 pages in the textbook every day