Management Study Guide

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Topics: Management
1. We have covered a lot of material over the past two months. The final examination will consist of 10 short answer questions and 2 case study questions. The 10 short answer questions are similar in structure to short answer questions provided in the quizzes. Ensure you thoroughly read the case study provided with your final before answering the two case study questions. The exam counts towards 30% of your final grade and one cannot pass the course without completing the proctored exam. The examination is a closed resource examination; consequently, no books or notes will be allowed. You will have two hours to complete the examination. The final examination is comprehensive. It includes material in Chapters 1 - 20.

2. By providing this review, I hope to channel your preparation and study for the final examination to key areas concerning principles of management, but remember you are responsible for all the information covered since the beginning of class. One should ensure a comprehensive knowledge of the Core Learning Objectives, delineated in each Weeks Overview, Objectives and Weekly Activities, sub section "The Objectives" and denoted by a light blue box with a black key in it. Key areas include the following:

Know and briefly describe the five basic management functions.
Planning – deciding what objectives to pursue during a future period and what to do to achieve those objectives.
Organizing – grouping activities, assigning activities, and providing the authority necessary to carry out the activities
Staffing – determining human resource needs and recruiting, selecting, training, and developing human resources
Leading – directing and channeling human behavior toward the accomplishment of objectives
Controlling – measuring performance against objectives, determining causes of deviations, and taking corrective action where necessary
Define "management" and explain the managerial significance of "effectiveness" and "efficiency".
Management is a

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