Catanduanes Colleges

GRADUATE SCHOOL
Virac, Catanduanes

Midterm Exam in MM-103

(Principle of Management Organization)

Julius O. Ubalde

1. Define Management According to Koontz and Weirich

According to Koontz & Weirich
Management – is the process of designing and maintaining an environment in which individuals,
working together in groups, efficiently accomplish selected aims.
2. Is Management an art or science?
Managing as practice is an art; the organized knowledge underlying the practice is a science.
3. What are the essential skills of managers?
a. Planning
b. Communication
c. Decision-making
d. Motivating
e. Problem-solving
4. What are the roles played by manager?
a. Leader
b. Motivator
c. Spokesperson
d. Figurehead
e. Negotiator
f. Resource Allocator
g. Disseminator
h. Liaison
5. How informal organization characteristic differ from formal organization?
An organization is said to be formal organization when the two or more than two persons come
together to accomplish a common objective, and they follow a formal relationship, rules, and
policies are established for compliance, and there exists a system of authority.
 On the other end, there is an informal organization which is formed under the formal
organization as a system of social relationship, which comes into existence when people in an
organization, meet, interact and associate with each other. In this article excerpt, we are going to
discuss the major differences between formal and informal organization.
6. Differentiate innovation and invention.
Invention can be defined as the creation of a product or introduction of a process for the first
time. Innovation, on the other hand, occurs if someone improves on or makes a significant
contribution to an existing product, process or service.