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GMS 200 - Midterm Exam Questions And Correct Answers
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GMS 200 - Midterm Exam Questions And CorrectAnswers 2024-2025
Ethics - Code of moral principles that sets standards of conduct of what is good and right
Organizations as open system - Composed or interrelated parts that function together
Line Manager - Responsible for work activities that directly affect organization's outputs
Staff Manager - Has technical expertise to advise/support line workers
Functional Manager - Responsible for a single area of activity
General Managers - Responsible for activities covering many functional areas
Adminstrators - Managers who work in public/ non-profit organizations
General Environment - Consists of all the background conditions in the external
environment of an organization
Economic Conditions - The economic conditions of the general environment details the
health of the economy in terms of inflation, income levels, GDP, unemployment, and job
out-look.
Legal-Political Conditions - Answer by being up-to-date with the legal-political conditions
of general environment, managers familiarize themselves with the dominant philosophy
and goals of the political party or parties operating the government, as well as laws and
government regulations.
, Internet Censorship - Answer refers to the intentional blockage and refusal of public
access to information posted on the Internet
Technological Conditions: A specific requirement for any manager is to be aware of, on
an ongoing basis, how changes in new technologies within the general environment
impact the work being done by employees.
Socio-cultural Conditions - Answer changes in the norms, customs, and social values on
such matters as human rights, ethics, gender roles, and life styles, along with
environmental trends in education and related social institutions, as well as demographic
patterns all will affect how organizations are managed.
Specific Environment - Answer consists of all the actual organizations, groups, and
persons with whom an organization interacts and conducts business.
Stakeholders - the persons, groups, and institutions who are affected by the performance
of an organization
Competitive advantage refers to a core competency that clearly sets an organization
apart from competitors and gives it an advantage over them in the marketplace.
Cost refers to operating with lower costs than one's competitors and thus earning profits
with prices that competitors have difficulty matching.
Quality - Answer providing products and services that are demonstrably higher quality
for customers than that of the competition
Delivery - Answer outperforming competitors by delivering products and services to
customers faster and on-time, while continuing to develop timely new products
Flexibility - Answer adjusting and tailoring products and services to fit customer needs in
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