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Engineering Management Principles
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Engineering Management Principles
Engineering Management Principles
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1
Question
What is the process of setting goals, and determining the appropriate action to achieve the goals of the company?
Answer
Planning
2
Question
What is the process of allocating and arranging both human and other resources through some structure?
Answer
Organizing
3
Question
What is the process of guiding and motivating employees to accomplish the company's goals?
Answer
Leading
4
Question
What is the process of regulating activities so that actual performance conforms to the goals and standards set?
Answer
Controlling
5
Question
What are the reasons for planning?
Answer
to coordinate human resources, to reduce uncertainty in operation, and to reduce overlapping and wasteful activities
6
Question
What statement is the desired future position of the company?
Answer
Vision
7
Question
What statement is the company's business, its objectives, and its approach to reach those objectives?
Answer
Mission
8
Question
What does S-M-A-R-T stand for in goal setting?
Answer
Specific, Measurable, Achievable, Relevant, Time-bound.
9
Question
What letter or S-M-A-R-T is referred to as "a goal that is clearly defined and focused"? It asks who is involved, what to accomplish, when to start/end, and where to start.
Answer
Specific
10
Question
What letter or S-M-A-R-T is referred to as "the outcome of the goal can be measured and established concrete criteria for measuring outcomes"? This criteria should be quantifiable.
Answer
Measurable
11
Question
What letter or S-M-A-R-T is referred to as "goals should be realistic and can be accomplished considering the abilities and financial capacity of the company"?
Answer
Achievable
12
Question
What letter or S-M-A-R-T is referred to as "goals should be relevant to the business operation and based on the current economic climate"?
Answer
Relevant
13
Question
What letter or S-M-A-R-T is referred to as "a specific period of time must be set for the goal"?
Answer
Time-bound
14
Question
What are the steps in the planning process?
Answer
15
Question
What is referred to as "developing long-range plans to effectively manage environmental opportunities and threats in light of corporate strengths and weaknesses"?
Answer
Strategy Formulation
16
Question
What does SWOT analysis stand for?
Answer
Strengths, Weaknesses, Opportunities, and Threats
17
Question
What letters of SWOT do you look at if you want to audit internal factors?
Answer
Strengths and Weaknesses
18
Question
What letters of SWOT do you look at if you want to audit external factors?
Answer
Opportunities and Threats
19
Question
What letter of SWOT do you want to build on?
Answer
Strengths
20
Question
What letter of SWOT do you want to minimize?
Answer
Weaknesses
21
Question
What letter of SWOT do you want to seize?
Answer
Opportunities
22
Question
What letter of SWOT do you want to counteract?
Answer
Threats
23
Question
The following are what (SWOT) of a company?
Answer
Strengths
24
Question
The following are what (SWOT) of a company?
Answer
Weaknesses
25
Question
The following are what (SWOT) of a company?
Answer
Opportunities
26
Question
The following are what (SWOT) of a company?
Answer
Threats
27
Question
What is an organization's market environment made of?
Answer
internal, micro, and macro environments
28
Question
What does PEST Analysis consider?
Answer
Political, Economic, Sociocultural, and Technological Factors (sometimes Legal and Environmental Factors)
29
Question
What letter in PEST is referred to as "huge influence upon the regulation of businesses and the spending power of consumers and other businesses"?
Answer
Political Factors
30
Question
What letter in PEST is referred to as "need to consider the state of a trading economy in the short and long-terms, especially true when planning for international marketing"?
Answer
Economic Factors