Question 1. Discuss the three reasons to reach objectives to maintain balance with conflicting goals, to achieve efficiency and effectiveness and why management is needed. Be specific and thorough.
Question 2. Briefly describe one specific, real-world example for each of the following:
a. organizational effectiveness
b. organizational ineffectiveness
c. organizational efficiency
d. organizational inefficiency
Question 3. Define managerial ethics. List three common ethical problem areas for managers and provide a specific real-world example of each problem area.
Question 4. Why is the practice of specialization so important to organizations? What are the downsides to specialization?