MGT 3013 - FINAL EXAM Practice Questions

The four functions of management are planning, organizing, leading, and controlling.

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Strategic planning is the process of defining a companys direction and making decisions on allocating resources to pursue this strategy.

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Leadership involves inspiring and motivating people to achieve organizational goals, while management focuses on planning, organizing, and coordinating resources to meet those goals.

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Organizational culture refers to the shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.

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SWOT analysis is a strategic planning tool used to identify an organizations Strengths, Weaknesses, Opportunities, and Threats.

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Corporate social responsibility (CSR) is the practice of a company taking responsibility for its impact on society and the environment, beyond legal and economic obligations.

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Human resource management (HRM) involves recruiting, hiring, training, and developing employees, as well as managing employee relations, compensation, and benefits.

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Motivation in management refers to the psychological processes that arouse and direct goal-oriented behavior in employees.

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