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GMS 200 Chapter 1 Exam Questions and Answers
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GMS 200 Chapter 1 Exam Questions and Answers
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GMS 200 Chapter 1 Exam Questions andAnswers
Globalization - Answer -National Boundaries of world business have largely
disappeared
Technology - Answer -Increasing demand of workers with technology skills
Workforce Diversity - Answer -(Gender, race, ethnicity, religion, sexual orientation)
offers challenges and opportunities to employees
Talent - Answer -Intellectual capital is the collective brainpower of a workforce that can
be used to create value
Careers - Answer -People must make sure that their skills are portable and current
Ethics - Answer -Code of moral principles of conduct about what is good and right
What is an Organization? - Answer -People Working Together to achieve a common
goal *Review Diagram PPT*
Value Creation - Answer -Is when an organization's operations add value to the original
costs of resource inputs
Productivity and the dimensions of organizational performance - Answer -*Review
Diagrams PPT*
Organizational Environment - Answer -Actual organizations, groups, and persons with
whom an organization interacts and conducts business
Economic Enviornment - Answer -Economic Growth, unemployment rate, disposable
income
Legal-Political Environment - Answer -laws and regulations, business forms, political
trends
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