BUSINESS ADMINISTRATION AND MANAGEMENT DEPARTMENT

Mgt. 1a (Organization and Management)

1ST SEMESTER SY: 2020-2021

NAME: Bersaba, Jessabel Rosas

COURSE/YEAR&SEC: BSBA- Financial Management 1
(MODULE NO. 1)

1. Discuss why studying of management is important?

Answer: When you establish a company, management is very important. Management is
very important not only as an owner but also as an employee. You can’t make your
business a success without good management. You need to have leadership to manage your
people for them to be productive in every single day of going to work. You can also
minimize the cost of your expenses if you manage your people and resources wisely.
Management is everywhere, not only in a business but also in any organizations. That’s
why I think it is important to study management.
2. Give examples on how effectiveness and efficiency differ from one another.
Answer: Effectiveness is to how much a product or service is given in such a timeframe
while the efficiency is the quality of the product or service. For example, you ordered in a
online shop and you received the product in the scheduled time of delivery with the right
color and quantity but not so good in terms of its quality, that is effective. For efficiency,
when you order online and you might received it late but with a very much good quality
that you can use it for a much longer time, that is efficiency.
3. Who are the managers, and what do managers do?
Answer: Managers are the one who plans, organizers, lead and controls others individuals
in the process of pursuing goals. Managers are responsible for using materials and talents
in the most economical and productive manner.
4. Enumerate some of example of organizations nowadays based on figure 3, types of
organizations.
Answer: Some example of organization:
a. Greenpeace Philippines
b. Volunteer Youth Leaders for Health-Philippines
c. World Vision Philippines
d. PinoyME Foundation.

5. Choose one principle of management and give a situation in a business scenario

which it can be applied or can be used.
Answer: Principle of simplicity is when you set your business goal in a simple manner. You
only set goals that are possible. For example, you start up a restaurant business and your
first goal is to make it successful by first having a unique and best dishes. In simplicity, you
need to start up step by step by setting a simple and possible goals.