MGMT 310 || All Correct.

Pros & Cons of using teams correct answers Good: increased customer satisfaction; improved product and service quality; employee job satisfaction; increased speed & efficiency in product development; share the benefits of group decision making. Bad: initially high turnover and social loafing; sha...

competes, resources, customers, value correct answers business model: a business' plan or diagram for how it _____, uses its _____, structures its relationships, interfaces with _____, and creates ____ to sustain itself feasibility, elements, logic correct answers a business model is important b...

barriers to entry correct answers obstacles a firm may face while trying to enter a market or an industry supply-side economies of scale correct answers - Arise when a firm manufactures products in high volumes; the large volume results in a lower production cost - Lower cost deters entry sinc...

Manager correct answers Someone who coordinates and oversees the work of other people so that organizational goals can be accomplished Levels of Management correct answers top, middle, first line, non managerial employees. managed in that order organization correct answers a deliberate arrange...

Which of the following is an advantage of a team structure? correct answers It empowers employees and makes them more involved In which of the following organizational designs is there a greater likelihood of task and personality conflicts? correct answers project structures In which of the fo...

first function of management; not an informal or haphazard response to a crisis; a purposeful effort that is directed and controlled by managers and often draws on the knowledge and experience of employees at all levels; conscious, systematic process correct answers planning 1. situational analys...

_____ refers to forces that energize, direct, and sustain a person's efforts. correct answers Motivation According to the guidelines of goal-setting theory, the goal most likely to stimulate organizational performance is correct answers to increase profit levels by 20 percent over the previous y...

To build contextual intelligence, a manager should not: A. Map stakeholder relationships B. Stay attuned to trend C. Develop an awareness of history D. Seize firsthand experience correct answers A. Map stakeholder relationships Nathan works at GoDrive Rentals, a car rental company. His job in...

anthropocentric correct answers Placing human considerations at the center of job design decisions cross-training correct answers workers are trained in different specialized tasks or activites engagement correct answers A term commonly used in the contemporary workplace to summarize motivatio...

Which of the following statements about the reinforcement theory is true? - Ceasing to reward the behavior that was previously rewarded causes extinction. - Negative reinforcements tend to decrease certain behaviors. - Positive reinforcement involves removing an aversive condition in response to ...

1. Which of the following would improve ROE? a. Decreasing cost of goods sold while maintaining current level of sales b. Increasing sales and increasing interest expense by the same amount c. Issuing common equity to the market d. Decreasing gross margin e. There is insufficient information ...

Molly heads a large company that has just experienced a major brain drain. She immediately increases compensation to new employees and gives each employee with over 10 years experience an extra 3 days of paid vacation per year. This is an example of: correct answers reactive HR strategy Which of ...

Two early perspectives on leadership correct answers Leader Trait Approach and Leader Behavior Approach Consideration correct answers a behavior found in most leaders that indicated trust, respect and values good relationships with his or her followers Initiating Structure correct answers a be...

What comprises a new-venture team? correct answers the group of founders, key employees, and advisers that move a new venture from an idea to a fully functioning firm What is "liability of newness"? correct answers It refers to the fact that new companies often falter because the people involve...

Which of the following best defines corporate-level strategy? correct answers The way a company seeks to create value through the configuration and coordination of multimarket activities Which of the following statements is true about strategy formulation? correct answers Managers should engage i...

What is a market? correct answers a group of consumers who have purchasing power and unsatisfied needs What is market research? correct answers the gathering of information about a particular market, followed by analysis of that information What questions do we want answered when conducting ma...

values correct answers abstract ideals that guides ones thinking and behavior across all situation Schwartz' model of values correct answers Openess to change self-transcendence conservation self-enhancement Attitudes correct answers represent our feelings or opinions about people places...

4 functions of management correct answers 1) planning 2) organizing 3) leading 4) controlling POLC Planning correct answers choose appropriate organization goals and courses of action to best achieve those goals Organizing correct answers establish task and authority relationships that a...

Relish Inc. is a fruit juice manufacturing company. The company ensures that raw materials are fully utilized. It also makes sure that minimal waste is produced. The juice extracting and packaging units of the company are designed in such a way that the quality of its products is maintained with min...

Defining Entrepreneurship correct answers -One who undertakes to organize, manage, and assume the risks of a business -The process of creating value by bringing together a unique package of resources to exploit an opportunity -Pursuit of opportunity w/o regard to resources currently controlled ...

What are the "Big 7" PAPACOM correct answers 1.Context/Situation 2.Ability 3.Personality 4.Motivation 5.Attitude 6.Outside Work Environment 7.Perception Context/Situation correct answers General factors that impact behavior/performance. Ie: Organization, Culture, Structure, Industry. A...

m = correct answers frequency of periods per year t = correct answers number of years n = correct answers m • t i = correct answers rate per year r = correct answers i / m C = correct answers Cash flow per period Future Value of Annuity (FVA) = correct answers C • [ ( (1/(1+r)^...

What is the definition of organizational behavior (OB)? correct answers A field of study devoted to understanding, explaining, and improving the attitude and behaviors of individuals in group and organizations Learning and decision making Understanding WHY something happens as it does - evid...

Organizational Behavior correct answers a field of study devoted to understanding and ultimately improving the attitudes and behaviors of individuals/groups in organizations HR Management correct answers takes theories/principles studied in OB & explores the "nuts & bolts" applications of those...

Creating linkages between vision, strategy, and performance when setting goals correct answers What is the most effective management practice you should follow? Adapting to the situation or the environment correct answers What is the most effective approach to managing personal performance? Se...

Bureaucratic Organization Structure correct answers clear differentiation of tasks/responsibilities among individuals; coordination thru a strict hierarchy of authority and decision rights; standardized rules/procedures; vertical separation of planning and execution sot hat plans are made in the upp...

Communication correct answers the transfer and understanding of meaning Functions of Communication correct answers 1. Control 2. Emotional Expression 3. Information 4. Motivation Control correct answers requiring employees or others to comply with regulations to complete tasks Emotional Ex...

Business-level strategy correct answers The determination of how a company will compete in a given business and position itself among its competitors. Competitive advantage correct answers A firm creates more economic value than competitors by engaging in a strategy that is difficult or impossibl...

Define open system correct answers organizations that are affected by, and that affect, their environment What is the concept of open systems? correct answers Organizations are open systems and that is, they are affected by and in turn affect their external environments. They use inputs like good...