Business: Management Principles

Which management function involves setting goals and deciding the best way to achieve them?

Planning

What management function focuses on arranging resources and tasks to achieve organizational objectives?

Organizing

In Fayol's functions of management, what is the process of motivating and influencing employees to work toward goals?

Leading

Which management function involves monitoring performance and taking corrective action when necessary?

Controlling

Which leadership theory suggests that leaders possess certain innate qualities like intelligence and integrity?

Trait Theory

According to the Hersey-Blanchard model, what factor determines which leadership style is most effective?

Follower Readiness (or Maturity)

What type of leader inspires followers to transcend their self-interests for the good of the organization?

Transformational Leader

Which organizational structure features dual reporting relationships, where employees report to both a functional and a project manager?

Matrix Structure

What type of organizational structure has very few levels of middle management between staff and executives?

Flat Structure

Which structure groups employees based on specialized skills such as marketing, finance, or human resources?

Functional Structure