MGMT100 EXAM QUESTIONS AND ANSWERS ALL CORRECT UPDATE
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Course
MGMT100
Institution
MGMT100
MGMT100 EXAM QUESTIONS AND ANSWERS ALL CORRECT UPDATE
Six types of Layout approaches - Answer- -Process-orientated
-Product-orientated
-Fixed-position
-Office
-Retail
-Warehouse
Four Supply Chain Strategies - Answer- -negotiate with many suppliers
-long term partnering
-vertical int...
MGMT100 EXAM QUESTIONS AND
ANSWERS ALL CORRECT 2024-
2025 UPDATE
Six types of Layout approaches - Answer- -Process-orientated
-Product-orientated
-Fixed-position
-Office
-Retail
-Warehouse
Four Supply Chain Strategies - Answer- -negotiate with many suppliers
-long term partnering
-vertical integration
-Keiretsu
Entrepreneurship- six characteristics of Trait Paradigm - Answer- 1. Risk-taking
2. Need for High Achievement
3. A desire for Independence
4. Internal locus of control
5. Networker
6. High level of integrity
Entrepreneurship- four steps of Bygraves Process Model - Answer- -innovation
-trigger events
-implementation
-growth
the three paradigms of entrepreneurship - Answer- Trait- personality
context- environment
finance- financial needs over time
five processes of Strategic Management - Answer- 1. identify and analyse current
mission, objectives, strategies
2. analyse external and internal environments
3. revise mission and objectives. Select new strategies
4. implement strategies
5. evaluate results
SWOT analysis of the environment - Answer- Strengths, weaknesses- internal
Global Production Line - Answer- 1. design of garment in NZ
2. Design and manufacture of cloth
3. manufacture of garment
3. warehousing and distribution
4. retail of garment
Common forms of Internalization - Answer- -global sourcing
-exporting and importing
-licensing and franchising
-joint ventures
-wholly owned subsidiaries
Ethnical Issues for Multinationals - Answer- -Corruption
-Sweatshops
-Sustainability
-Child labour
Culture and global diversity - Answer- Cultural shock: confusion and discomfort in
unfamiliar culture
Ethnocentrism: tendancy to view your own culture as superior to others
The 5 steps to the Planning Process - Answer- 1. define objectives
2. determine where you stand in relation to objectives
3. develop premises regarding future conditions
4. analyse and choose alternatives
5. implement plan and evaluate results
Single use plan sub-units - Answer- Program- covers whole event
Projects- smaller portions of programs
Budgets- financial statement
Standing Plan sub-units - Answer- Policy- guideline for decision making
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