BUNDLED MGMT 3000 Test Study Guide Questions and Answers UPDATED 2024

Management - getting work done through others Organizational Strategy - A corporate-level strategy that addresses the question "What business are we in?" and unites all parts of the organization. -Recognize threats and opportunities -Lead and organize resources to effectively compete in the...

"Great Man" theory - explained leadership by examining the traits and characteristics of individuals considered to be historically great leaders Acquired needs theory - Individuals are driven or motivated by three types of needs: 1) Need for Achievement 2) Need for Affiliation 3) Need for Po...

Quality is best defined as Blank______. - the excellence of a product, whether it be goods or services The introduction of new goods and services is known as Blank______. - innovation Select the components that are part of total quality management. (Select every correct answer.) - preventing d...

Business is all about what? - Results and achieving them the right way What is the Global Business System? - Business is a global system of interdependent and interconnected parts Every job in some way is related to what 4 financial measures? - - How is Revenue impacted? - How is Cost impacte...

Organizational Design - The formal systems, levers, and decisions an organization adopts or employs in pursuit of its strategy. Division of Labor - The manner in which work in a firm is divided among employees Vertical Specialization - How much an employee creates, executes, and administers ac...

Competitive Landscape - GLOBALIZATION TECHNOLOGY CHANGE COLLABORATION KNOWLEDGE MANAGEMENT GLOBALIZATION - Corporations operate worldwide, transcending national borders by tapping international markets TECHNOLOGY CHANGE - Engagement in artificial intelligence (AI) and machine learning, data...