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SEVI Exam 2 Questions and Answers 100% Solved | Graded A+

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SEVI Exam 2 Questions and Answers 100% Solved | Graded A+ Management - The process of coordinating resources to achieve the goals of an organization Material Resources - the tangible, physical resources an organization uses Financial Resources - the funds an organization uses to meet its obl...

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  • October 23, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • SEVI
  • SEVI
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JOSHCLAY
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

SEVI Exam 2 Questions and Answers

100% Solved | Graded A+


Management - ✔✔The process of coordinating resources to achieve the

goals of an organization

Material Resources - ✔✔the tangible, physical resources an organization

uses

Financial Resources - ✔✔the funds an organization uses to meet its

obligations to investors and creditors

Informational Resources - ✔✔the information gathered about competitors

and changes to the industry

Resource-based View (RBV) - ✔✔resources that are valuable, rare,

inimitable, and non-substitutable lead to long-term success (Jay Barney)

Planning - ✔✔establishing organizational goals and deciding how to

accomplish them

,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

Mission - ✔✔a statement of the basic purpose that makes an organization

different from others

Strategic Planning Process - ✔✔the establishment of an organization's

major goals and objectives and the allocation of resources to achieve them

Goal - ✔✔an end result that an organization is expected to achieve over a

one- to ten-year period

Objective - ✔✔a specific statement detailing what an organization intends

to accomplish over a shorter period of time

SWOT Analysis - ✔✔the identification and evaluation of a firm's strengths,

weaknesses, opportunities, and threats

Core Competencies - ✔✔approaches and processes that a company

performs well that may give it an advantage over its competitors

Strategic Plan - ✔✔an organization's broadest plan, developed as a guide

for major policy setting and decision making

Tactical Plan - ✔✔a smaller-scale plan developed to implement a strategy

Operational Plan - ✔✔a type of plan designed to implement tactical plans

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

Top Manager - ✔✔an upper-level executive who guides and controls the

overall fortunes of an organization - determines strategy and mission

Middle Manager - ✔✔a manager who implements the strategy and major

policies developed by top management - develops tactical and operational

plans

First-line Manager - ✔✔a manager who coordinates and supervises the

activities of operating employees - solves day to day problems

Autocratic Leadership - ✔✔Task-oriented style; workers are told what to do

and how to do it, they have no say in the decision making process

Participative Leadership - ✔✔a leadership style in which the leader

consults employees for their suggestions and input before making

decisions

Laissez-faire Leadership - ✔✔a hands off leadership style that provides

direction, tools, and resources to employees while delegating responsibility

and decision-making authority to them

Transformational Leadership - ✔✔Leadership style that focuses on

transforming organization's and industries by challenging the status quo

with new ideas

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