What is the term for using the least possible amount of resources to get work done?

Correct answer: Efficiency

Explanation

This question distinguishes between the key concepts of efficiency and effectiveness. Efficiency relates to the resources used (inputs), while effectiveness relates to the results achieved (outputs).

Other questions

Question 1

What is the process of guiding the development, maintenance, and allocation of resources to attain organizational goals called?

Question 2

Which of the following lists the four key functional areas of management in the correct, tightly integrated cycle described in the chapter?

Question 4

Which type of planning involves creating long-range, broad goals for the organization, typically covering one to five years?

Question 5

When Mickey Drexler took over as CEO of J.Crew, he changed the company's direction by moving it from a trend-following retail segment to a preppie, luxury segment. This is an example of what type of planning?

Question 6

What is the document that states the purpose of an organization and its reason for existing?

Question 7

Which level of the managerial pyramid is responsible for beginning the implementation of strategic plans by designing and carrying out tactical plans?

Question 8

The ability of a manager to influence others' behaviors is known as what?

Question 9

Which source of power is derived from an individual's personal charisma and the respect or admiration they inspire?

Question 10

A manager who makes decisions on their own with very little input from subordinates and expects them to implement solutions according to specific instructions is exhibiting which leadership style?

Question 11

Which leadership style involves turning over all authority and control to subordinates, who are assigned a task and given freedom to accomplish it?

Question 12

What is the technique called where participative and free-rein leaders share decision-making authority with subordinates, giving them increased autonomy and discretion?

Question 13

The set of attitudes, values, and standards of behavior that distinguishes one organization from another is known as what?

Question 14

What was the result of Google improving its parental-leave policies after discovering that mothers were leaving the company at higher rates than other groups?

Question 15

Which management function involves assessing the organization's progress toward accomplishing its goals and correcting deviations from the plan?

Question 16

What are the five stages of the cyclical control process as visualized in the chapter?

Question 17

A manager acting as an information gatherer, an information distributor, or a spokesperson for the company is fulfilling which type of managerial role?

Question 18

A manager who has to think like an entrepreneur, make decisions about resource allocation, or help resolve conflicts is acting in which type of managerial role?

Question 19

What type of decisions are made in response to routine situations that occur frequently, such as the need to hire new personnel?

Question 20

Which set of managerial skills includes the ability to view the organization as a whole, understand how the various parts are interdependent, and assess how it relates to its external environment?

Question 21

At which level of the management pyramid are conceptual skills most necessary?

Question 22

Which of the following is NOT one of the four important trends in management discussed in Section 6.8?

Question 23

What type of software gives managers a quick look into relevant information they need by aggregating data from various divisions onto a single screen?

Question 24

According to the chapter, Robert Romanoff of the law firm Levenfeld Romanoff uses dashboards to improve what he calls the 3 Ps. What do the 3 Ps stand for?

Question 25

What are the three basic categories of managerial roles identified in the chapter?

Question 26

Which leadership style is characterized by a manager who solicits input from all members of a group and then allows the group to make the final decision through a voting process?

Question 27

What is the primary reason the five stages of the management control process are considered a cycle?

Question 28

During his tenure as CEO of Procter and Gamble, the company's portfolio of brands under A.G. Lafley increased from 10 to 23. This represented a total increase of how many brands?

Question 29

Which of the following activities is an example of an interpersonal managerial role?

Question 30

What is the second step in the five-step decision-making process illustrated in the chapter?

Question 31

The example of Jalem Getz of BuyCostumes.com stating his role was to 'hire excellent people...and then put them in a position where they can succeed' and to 'Inspect what you expect' demonstrates what key management process?

Question 32

What type of planning is used to identify alternative courses of action for very unusual or crisis situations, such as a natural disaster?

Question 33

The managerial pyramid described in Section 6.3 consists of which three levels of management?

Question 34

Power that is derived from an individual’s position in an organization is known as what?

Question 35

When former CEO of Ben & Jerry's, Ben Cohen, followed a policy that no one could earn a salary more than seven times that of the lowest-paid worker, what was he helping to shape?

Question 36

What type of managerial skill is demonstrated by a manager's ability to prepare a financial statement or program a computer?

Question 37

According to the discussion on crisis management, which of the following is NOT a recommended guideline for managers to follow?

Question 38

The ability to operate in diverse cultural environments is defined as which type of skill?

Question 39

When Marriott Hotels relaxed its 'no pets' policy during Hurricane Harvey to allow fleeing patrons to check in with their pets, it was an application of which type of planning?

Question 40

What is the primary difference between a manager and a leader as described in the chapter?

Question 41

What is the most numerous level of management, located at the bottom of the managerial pyramid?

Question 42

Which of the five primary sources of power is derived from an individual's control over rewards?

Question 43

The example of the military is used in the chapter to illustrate which leadership style?

Question 44

What is the first step in the five-step decision-making process described in Section 6.6?

Question 45

In the example of Scott Stephenson of Verisk Analytics, his 'loose-tight' approach to leadership involves giving employees discretion to make decisions in crisis situations (the loose part) and what other component (the tight part)?

Question 46

Which management function includes dividing up tasks (division of labor), grouping jobs and employees (departmentalization), and assigning authority (delegation)?

Question 47

In the context of leadership styles, which type of participative leader encourages discussion about issues and then requires that all parties involved agree to the final decision?

Question 48

According to the example of the Boeing 787 Dreamliner, the company's change in strategy from plane capacity to jet efficiency represents what kind of planning?

Question 49

The managerial role of a disseminator, who provides information where it is needed within the organization, falls under which of the three basic categories of roles?

Question 50

What type of managerial skill involves understanding human behavior, communicating effectively, and motivating individuals to accomplish objectives?