GMS 200 EXAM Questions and Correct Answers the Latest Update and Recommended Versionw
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Course
GMS 200
Institution
GMS 200
Intellectual Capital
→ the collective brain power or shared knowledge of a workforce
Knowledge Workers
→ Workers whose intelligence is a critical asset to employers
Glass Ceiling Effect
→ an invisible barrier limiting career advancement of minorities
Globalization
→ the world interde...
→ An input measure of resource cost associated with goal accomplishment
General Environment
→ composed of economic, legal-political, technological, socio-cultural, and natural
environment conditions
Sustainable Business
→ A business that both meets customer needs and protects the well being of the
environment
Sustainable Innovation
→ New products and production methods that have reduced impact on the environment
Specific Environment
→ people and groups with whom the organization interacts
Stakeholders
→ persons, groups, and institutions directly affected by an organization
Competitive Advantage
→ something an organization does extremely well, a core competency that sets it apart
from competitors
→ which can be achieved through costs, quality, delivery, and flexibility
→ the lack of complete information about the environment
Organizational Effectiveness
→ sustainable high performance in using resources to accomplish mission and objectives
Manager
→ A person in an organization who directly supports,supervises, and helps activate the
work efforts and performance of others
Top Managers
→ Managers responsible for performance of an organization as a whole or for one of its
larger parts
Middle Managers
→ Managers in charge of relatively large departments or divisions
Supervisors
→ Managers in charge of a small work group of non-managerial workers
Line Managers
→ Managers responsible for work activities that directly affect organization's outputs
Staff Managers
→ Managers that use technical expertise to advise and support the efforts of line workers
Functional Managers
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