-Uncertainty: managers know which goals they wish to achieve, info is incomplete, may need to develop creative alternatives The process of delegating instruction without consent of the employees Question 8 30 seconds Q. Google has a flatter organization chart than most large companies. WebManagement. Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization Managers encourage, support, and foster talented employees. B. Porter's Five Forces -Norms: rules of behavior that address such issues as how employees dress and interact, usually found in employee handbook, The four function of organization culture, -Organizational identity, collective commitment, social system stability, sense making device, -Level 1: observable artifacts (enacted culture) You meet a new employee who has recently transferred to your office from China. A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. Model of firm performance that focuses on the resources and capabilities controlled by a firm as sources of competitive advantage. These are, C. planning, organizing, leading, and controlling. Speak slower than normal and listen carefully. Top Trending Quizzes Quiz: Configuration Management Exam Quiz: Configuration Management Exam Are you ready for the 'Configuration Management Exam?' WebQ. Tutor D. Well defined processes, . A. ________ reduces uncertainty and indicates what everyone is expected to accomplish. Management activities are often grouped into four categories. Which of the following is a characteristic of a good manager? Tableau-available from www.tableausoftware. Name Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. B. clear and coherent manner Resources & Capabilities that other firms cannot easily obtain or develop, Direct Duplication and/or Substitution is possible, set of business activities in which a firm engages to develop, produce, and market its products or services. Porter's model includes all of the following EXCEPT: Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. Explain one harm associated with unexpected inflation that is not associated with expected inflation. -Scalar principle: clearly defined line of authority in the organization that included all employees, Authority, responsibility, accountability and delegation, -Authority: formal and legitimate right of a manager to make decisions, issues orders, and allocate resources C. management by objectives, 1. Some of these are pretest questions that will not be scored. A. government regulations Management activities are often grouped into four categories. A. Raw materials are widely and readily available at a competitive price. How can interest groups help their members become informed voters? You manage a department with many employees. C. planning, organizing, leading, and controlling. People are not motivated when they do not have clear goals and do not know what is expected of them. Planning can delay or prevent action. sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives. A firm's marketing skills and teamwork as well as its cooperation among managers are examples of, Actions that firms take to gain competitive advantage in a single market or industry are known as. A. B. make manual labor run more efficiently A. diverse, new Management function that involves working with and through people A. Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. Taylor and Gantt were the management consultants of their day. A study plan and list of online resources. What is the four functions of management? Strategy enables businesses to evaluate the external opportunities and threats that effect their success STRATEGIC MANAGEMENT A. Focus on providing accurate and timely information to them as you get it. This is part of the ________ role of managers. What are the 4 generic industry structure? -Functional vs dysfunctional: does the culture enhance organizational productivity and performance One way to temper the profit goal is an explicit statement of Web1. All other things being equal, which of the following would lead to lower barriers to entry in anindustry? -Quality assurance: performance of workers, urging employees to strive for zero defects, -TQM: comprehensive approach-led by top management and supported throughout the organization-dedicated to continuous quality improvement, training, and customer satisfaction -Intuition model: making a choice without the use of conscious thought or logical inference, -Case reality, problem/question, conceptual model, solution, Two dimensions of the personal decision framework, -Dimension 1: reflects the extent to which a person focuses on either task and technical concerns or people and social concerns when making decisions WebDefine the Strategic Management Process & Identify the Stages. Method for providing feedback 6. MASTERCARD In which of the following areas may records have value to the university? In the United States you are very good at organizing and keeping meetings on schedule. Talk to your coworkers. Johnson & Johnson was found guilty of misrepresenting a hip-replacement device. B. A good staffing plan Strategic Management is about identification and description of the strategies that Business -Strategy Implementation Which of the following is NOT a basic management task? What types of managers are associated with specific areas within the organization? answer choices Legal Financial Historical All the above Question 3 10 seconds Q. Course -Divisional: people with diverse occupational specialties are put together in formal groups by similar products, customers, or geographic regions, Organization structure: matrix, team-based, net work and modular, -Matrix: organization combines functional and divisional chains of command in a grid so that there are two command structures-vertical and horizontal A. In the Great Recession, General Motors went bankrupt, but Ford had acquired long-term financing beforehand that carried it through the downturn. A. base pay for first-class workers Which of the following is NOT included in what Configuration Management does to answer its goal? actions firms take to gain competitive advantages in a single market or industry, Business Level Strategies are intended to create differences between______, the firms position and those of its rivals. Whatskills depend on the manager's ability to think in the abstract? D. Using color-coded file folders for different subjects, D. Using color coded file folders for different subjects. ________ are said to exist when the increase in firm size (measured in terms of volume ofproduction) are associated with lower costs (measured in terms of average costs per unit ofproduction). B. Why do many interest groups spend their time and money educating citizens on legislative issues and candidates? A. considering alternatives Early behaviorism 2. Method for evaluating performance 7. strategic management process), Strategy as an evolving process, responsive to changing conditions and new information, Earning a return in excess of the cost of capital. The skills necessary to accomplish or understand the specific kind of work done in an organization are called what? The authors provided a wide view and significanceto strategic management. How are these evaluations typically used? Quiz: What Will I Look Like When I'm Older? Efficiency. What is the four functions of management? C. No, it is best to make adjustments for other cultures. Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. -Important: work activity was amenable to a rational approach, boost productivity, The Behavioral viewpoint and its progression (three phases): Early behaviorism, the human relations movement and behavioral science, -Behavioral viewpoint: emphasized the importance of understanding human behavior and motivating employees toward achievement Management function that involves working with and through people 1. -Vertical functional structure: people are grouped by similar occupational specialties -Contemporary: systems, contingency, quality-management, Emphasis on ways to manage work more efficiently, The definition of Scientific Management, its underlying principles, Taylor & Gilbreths, -Scientific management: emphasized scientific study of work methods to improve productivity of individual workers -Organic: decentralized hierarchy of authority, few rules and procedures, shared tasks, many teams, -Differentiation: tendency of the parts of an organization to disperse and fragment C. a clear mission, 1. Evaluation plans Productivity WebWhat is management? B. -Responsibility: duty to perform the task or activity the employee has been assigned Whether due to haste or design, the new laws are marked by vagueness, leaving officials all down the organisation's bureaucratic chain great latitude in enforcing them. Google's motto is "Don't be evil." Management activities are often grouped into four categories. answer choices True False Question 2 20 seconds Q. Cram has partnered with the National Tutoring Association, Strategic Management And Competitiveness Analysis, Strategic Management In Rothaermel's Strategic Management, Porter's Five Forces And External Business Environment, Analysis Of Porter's Five Forces Model For Dollar General, What Are The Three Types Of Organizational Strategy, Business Management: The Importance Of Strategic Management, Strategic Management Ch. While cost leadership requires rewards for cost reduction, product differentiation requires rewardsfor ________. ________ in the RBV are defined as the tangible and intangible assets that a firm controls that it canuse to conceive and implement its strategies. C. Thank the person for giving you their card. Some of these are pretest questions that will not be scored. This set includes 80 practice questions divided into two parts. Strategic management is a method used by fi Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; (1) Accounting Measures and/or (2) Economic Measures, audio not yet available for this language, Define the Strategic Management Process & Identify the Stages, sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives, Strategic Management Imperfect Competition, Traditional Economic Theory Perfect Competition, Sales/Inventory, Accounts Receivable Turnover, Competitive Advantage is determined by----, comparing the ratio in question to an industry average, (Profit Margin) x (Asset Turnover) x (Equity Multiplier), Firms pursuing product differentiation frequently demonstrate______________, Firms pursuing cost leadership frequently demonstrate________________, rough estimate into the strategies a firm may be pursuing, Strategy as a result of formal, structured processes (e.g. B. Heartily cooperate with the men to ensure all the work is done in accordance with the science that has been developed. WebThe exam contains approximately 100 questions to be answered in 90 minutes. -Maslow's hierarchy of needs: physiological, safelty, social, esteem, self-actualization XAT January 2013: Verbal and Logical Ability Solved Question Paper. Web1. B. entrepreneur, employee selector, and negotiator Quiz: What Will I Look Like When I'm Older? Google's management has chosen an unusual, 1. 1. In general, first-mover advantages can arise from any of these sources except. The exam contains approximately 100 questions to be answered in 90 minutes. Middle Which is not true concerning corporate downsizing? WebWhat is management? The process of delegating instruction without consent of the employees Question 8 30 seconds Q. ________ decides how best to attain a company's mission and vision through the coordinated efforts to achieve specific goals and objectives. You have identified a safety issue with one of your products. -RATER scale: enables customers to rate the quality of service along dimensions like reliability, assurance, tangibles, empathy, responsiveness, -Also called lean production, not machines or technology but employee involvement, Sharing financial info and results with all employees, -Financial, customer, internal business, innovation and learning, comprehensive management control system, -Economic value added: company's net operating profit minus the cost of capital invested in the company's tangible assets, Management control tools including Gantt Charts and Pert diagrams, -Gantt charts: Interactive calendar 1. C. Only the managers. Speak slower than normal and listen carefully. The five components of industry environment are Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization That is, it offers a C. Do the right thing. Then explain one harm associated with both expected and unexpected inflation. Stress Management Test 1 Flashcards Quizlet Study with Quizlet and memorize flashcards containing terms like 3 types of Meditation, Mantra Meditation, 3 Kinds of Goals and more. Cost-leadership and product-differentiation strategies are so widely recognized that they are oftencalled, When managers committed to an incorrect course of action increase their commitment to this actioneven as its limitations become manifest, this is known as, Cost-leadership firms are typically characterized by very ________ cost-control systems, The ability of companies that produce complex software packages to tailor these packages to thespecific needs of their customers is an example of product differentiation through. A manager should discuss the corporate goals with his employees and then WebThe exam contains approximately 100 questions to be answered in 90 minutes. A. optimizing the work process and training employees to follow it 1. C. Thank her and tell her who authored the report. Method of measurement 5. C. code of ethics, 1. -Team based: (process) workgroups are used to improve horizontal relations and solve problems throughout the organization These are aspects of his rule called Managers pay careful attention to the external environment of the organization: the economy, proposals for laws that would affect profits, stakeholder demands, and consumer and public relations. Scholarship Exam Quiz: Questions And Answers. Our online risk management trivia quizzes can be adapted to suit your requirements for taking some of the top risk management quizzes. B. Some organizations establish planning committees that intentionally include people from ________ backgrounds to bring ________ perspectives into the planning process. B. defining objectives Substitutes are an issue due to the fact that the retail industry offers a wide range of products (Investopedia Staff, n.d.). Knowledge and Skills Required Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. Strategic management's first function is deciding how to compete. D. Marketing of the company's products, Human Resources' main focus is: C. value proposition, 1. Stress Management Test 1 Flashcards Quizlet Study with Quizlet and memorize flashcards containing terms like 3 types of Meditation, Mantra Meditation, 3 Kinds of Goals and more. At December 31, 2020, the book value of the equipment was$30 million. 1.2.4.5 Process Groups - 7 cards. C. Staffing plans answer choices True False Question 2 20 seconds Q. Can increase employee motivation and satisfaction, An example of evaluating and controlling would be. Effectiveness. Supply: QS=15+PQ^{S} = -15 + PQS=15+P. Mintzberg classified management decision roles into four types. Strategic management C. efficient, rational manner, 1. C. competitive analysis, 1. C. barriers to entry, 1. People Leading. Many companies are organized along functional lines. These are aspects of which macro term? 1. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? Principles from the ________ school of management were originally designed to prevent favoritism and incompetence. Please sign in to share these flashcards. C. Mary Parker Follett, 1. WebDefine the Strategic Management Process & Identify the Stages. Some of these are pretest questions that will not be scored. These are. Planning can increase the firms cost of developing its products or services - specifically by either charging a higher price or providing a lower quality, can decrease the price a firm is able to charge for its product or service, Meet approximately the same needs but do so in a different manner place a ceiling on the price a firm can charge for its products or services, The intensity of competition among the firms competitors often results in a reduction of price a firm can charge for its product or service. Minimizing the harm to the employees. Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. -Directive: people are efficient, logical, practical, and systematic in their approach to solving problems, action oriented, decisive, focus on facts, low tolerance to ambiguity Only Project Manager. This set includes 80 practice questions divided into two parts. Behavioral science, Early behaviorism, Hugo Munsterberg and the concepts underlying Industrial Psychology, -Munsterberg: father of industrial psychology A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. Individualism/collectivism 2. What is the four functions of management? B. Planning is a Find out how you can intelligently organize your Flashcards. Customers complained, saying they could not buy the product if it was not on the shelves. Date D. All stakeholders except clients. Protect the company. A. political, economic, social, technological, environmental, and legal Google's motto is "Don't be evil." Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. -Beliefs: assumptions that individuals hold about themselves, their customers and organization Business -Strategy Implementation A. Quiz! One of the responsibilities of operations managers is to IMPROVE the efficiency of product development and manufacturing. firms are unable to differentiate their products. Bureaucratic Management looked at how large organizations with layers of management could operate in an One of your team members actually authored the report. Better attention to Johnson & Johnson's ________ might have saved the company from litigation and penalties. 1. C. Social network management, 1. -Study jobs and determine which people are best suited to specific jobs, identify psychological conditions under which employees do their best work, devise management strategies to influence employees to follow management interests, Early behaviorism, Mary Parker Follett and her primary philosophies, -Follett: social worker and social philosopher I. -Satisficing models: managers seek alternatives until they find one that is satisfactory, not optimal, -Bounded rationality and satisficing model: managers seek alternatives until they find one that is satisfactory Civil wars, political coups, terrorism, wars between countries, famines, and country or regionaleconomic recessions are all examples of which element of the general environment? C. Tooling C. Performing employee reviews. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. Make sure products meet the company's standards. Employees Manage the corporate culture, -Decision: choice made from available alternatives This section includes practice questions related to leadership and management. Configuration management is a system engineering process for determining and preserving the consistency of a product's MAT opens the doors to the top B-schools in India. Carefully review the card and then put it in a special place. Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? This refers to the lightweight design and the advanced tech inside. Each team is 3 to 4 people who work independently of other teams, but each team posts weekly to a company blog about what they are doing. B. The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. A. benevolent and caring manner Simple, Compound and Complex Sentences Quiz. -Geocentric: accepts differences and similarities between home and foreign personnel and practices, Availability of supplies, new markets, lower labor costs, access to finance capital, avoid tariffs and import quotas, Global outsourcing, importing and exporting and counter trading, licensing and franchising, joint ventures, wholly owned subsidiaries, Barriers to international trade (tariffs, import quotas and embargoes), -Tariffs: duty or tax mainly on imports A. Promotion plans Goal Customers demonstrate a preference for the firms offerings. -E-commerce: buying and selling of products and services through computer networks over long distances, -Ethnocentrism: belief that their own nation or country is best To change production schedules A. B. value proposition Computer hardware and software technology, robots used in manufacturing and automatedwarehouses are examples of which type of resources? C. specialist, expert, 1. Competitive Advantage. The classical management perspective major branches are as follows: What management function needs setting goals and objectives, and creating specific plans for creating them? Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. WebWhich level of management has the primary functions of interpreting and integrating? Workers were able to eliminate movements in product assembly, making labor more efficient. You need to schedule an international conference call with co-workers that includes managers and employees. -Mayo: Hawthorne effect, The Human Relationship Movement and the significance of the findings of Maslow (his hierarchy of needs) and McGregor (Theory X versus Theory Y), -Human relations movement: proposed that better human relations could increase worker productivity Accounting Measures and Economic Measures are____________. 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