Applied Economics

Name:____________________________________________ Date:_______________
Year/ Section:_____________________________________ Score:______________

I. Complete the table below. (2 points each)

Basis of Distinction Administration Management
Policy and Determination of objectives
objectives & policies
Main Legislative & determination
Function function
Directing, Motivating,
Coordinating Controlling
Influence Provides a sketch of the
enterprise
Levels of Mainly top level function
Management involves thinking &
planning
Level of MD, GM & Managers
Executives
Position Acts as an agency
Knowledge Requires more admin
ability than technical ability

II. Identify the following.

1. A combination of knowledge, skills, behaviors, and attitudes that contribute to

personal effectiveness.
2. Purpose that an organization strives to achieve.
3. It concerned with productivity, implies effectiveness and efficiency
4. It applies to managers at all organizational levels.
5. It is the art of getting things done through others.
6. Sets of knowledge, skill, behaviors, and attitudes that a person needs to be
effective in a wide range of positions and various types of organizations.
7. A manager responsible for just one organizational activity such as accounting,
human resources, sales, finance, marketing, or production
8. It consists of a group of people striving to reach goals that individuals acting alone
could not achieve.
9. The process of designing and maintaining an environment in which individuals,
working together in groups efficiently to accomplish selected aims
10. It aims to create a surplus.
11. Determining organizational goals and means to reach them.
12. Guiding the activities of the organization members in appropriate directions.
13. Crucial element in all managerial functions.
14. Responsible for providing the overall direction of an organization.
15. Directly responsible for production of goods or services.
16. They coordinate employee activities.
17. Determine which goods or services to provide.
18. Understanding, appreciating and responding to diverse political, cultural, and
economic issues across and within nations
 19. They communicate with key stakeholders—stockholders, unions, governmental
agencies, etc., company policies.
20. Developing yourself and taking responsibility.
21. Deciding what tasks need to be done, determining how they can be done,
allocating resources to enable them to be done, and then monitoring progress to
ensure that they are done
22. Understanding the overall mission and values of the organization and ensuring that
employees’ actions match with them.
23. Ability to effectively transfer and exchange information that leads to understanding
between yourself and others
24. Decide how to market goods or services to customers.
25. Managing team dynamics involves settling conflicts, sharing team success, and
assign tasks that use team members’ strengths

III. Enumeration

1. Four M’s in management.

2. Three reasons why managers plan.
3. Four Basic managerial functions.
4. Six Managerial competencies.
5. Give two importance of managerial competencies.

IV. Answer the following, briefly. (10 points each)

1. Explain the importance of efficiency and effectiveness in management.

2. Choose one characteristics of management and explain.
3. For you what is the most important managerial competency and why?

Prepared by: Approved by:

JOSHUA N. BUGAOISAN JENNIFER O. ANDRES

Instructor School Director