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.

Managerial staff at the Dairy Queen make decisions about how to reinvest profits, how to improve profit margins, and how to manage tax liabilities, all of which are resources.

Select the best answer to the following question.

Target has posted a job description for the following open position: Responsibilities of the job include collating, preparing and interpreting reports, budgets, accounts, commentaries, and financial statements; controlling income, cash flow, and expenditure; managing budgets; developing and managing financial systems$/$models$.$ Which type of organizational resource will this job manage?

Information

Human

Financial

Physical

$$ Shutterstock Images

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 $.$

Hunter developed a schedule so he can spend the minimum amount of time studying for school and still get good grades. Hunter is following the schedule, but is not getting the desired grades. Hunter is $.$

Congratulations! You just graduated with a degree in management. As you reflect on your school experience, you make a list of the reasons you were so efficient with your studies. Which of the following statements relate specifically to your efficiency? Check all that apply.

When guest speakers came on campus to discuss topics related to your major, you made an effort to attend so you could learn as much as possible.

When registration opened for each term, you immediately registered for the classes you needed, especially the ones that fill up quickly.

Throughout your time in school, you chose non$-$degree classes that would provide you with a well$-$rounded education, and not based on whether they applied to your graduation requirement.

After each semester, you asked your advisor to review your progress to ensure you remained on track for your anticipated graduation date