Name: LABE, WENNONAH VALLERIE Code/Subject: ACCBP100-

433

Prof. YOLANDA BARCELONA Date: September 15, 2021

Let’s Check

Now that you know the essential knowledge in the management processes and the
manager’s job, let us try to check your understanding.

IDENTIFICATION (15 points)

Top Managers 1. They create organizational goals, overall strategy and operating policies.

Technical Skills 2. The skills necessary to accomplish or understand the specific kind of work
done in an organization.

Communication Skills 3. The manager’s abilities both to effectively convey ideas and
information to others and to effectively receive ideas information from others.

Contingency Perspective 4. Suggests that appropriate managerial behavior in a given

situation depends on, or is contingent on, unique elements in a given situation.

Planning 5. Setting an organization’s goals and deciding how best to achieve them.

Financial Managers 6. Managers whose responsibility is to deal with and manage

organization’s financial resources.

Efficiency 7. It is the wise use of resources in a cost-effective way.

Decision-making 8. Involves selecting a course of action from a set of alternatives.

Licensing Agreement 9. An arrangement whereby one company allows another company to

use its brand name, trademark, technology and patent in exchange for a royalty based on
sales.

Organizational Culture 10.A set of values, beliefs, behaviors, customs and attitudes that
helps organization’s members understand what it stands for, how it does things and what it
considers important.

Management 11.A set of activities directed at an organization’s resources with the aim of
achieving organizational goals in an efficient and effective manner.
Behavioral Management Perspective 12.A management perspective that emphasizes
individual attitudes and behaviors and group processes.

Organization 13.A group of people working together in a structured and coordinated

fashion to achieve a set of goals.

Code of Ethics 14.A formal written statement of the values and ethical standards that guide
a firm’s action.

Government Regulations 15.A body that has the potential to control, legislate, or influence
organization’s policies and practices.