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GMS 200 EXAM STUDY GUIDE SOLUTIONS
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GMS 200 EXAM STUDY GUIDE SOLUTIONS Intellectual Capital - ANSWER-the collective brain power or shared knowledge of a workforce Knowledge Workers - ANSWER-Workers whose intelligence is a critical asset to employers Glass Ceiling Effect - ANSWER-an invisible barrier limiting career advancement ...

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  • November 19, 2024
  • 26
  • 2024/2025
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GMS 200 EXAM STUDY GUIDE
SOLUTIONS

Intellectual Capital - ANSWER✔✔-the collective brain power or shared knowledge of a

workforce


Knowledge Workers - ANSWER✔✔-Workers whose intelligence is a critical asset to

employers


Glass Ceiling Effect - ANSWER✔✔-an invisible barrier limiting career advancement of

minorities


Globalization - ANSWER✔✔-the world interdependence of resource flows, product

markets, and business conditions


Organization - ANSWER✔✔-a collection of people working together to achieve a

common purpose


Productivity - ANSWER✔✔-the quantity and quality of work performance relative to

the cost of inputs


Performance Effectiveness - ANSWER✔✔-An output measure of task or goal

accomplishment



Copyright ©SOPHIABENNETT 2025 ACADEMIC YEARALL RIGHTS RESERVED. Page 1/26

,Performance Efficeincy - ANSWER✔✔-An input measure of resource cost associated

with goal accomplishment


General Environment - ANSWER✔✔-composed of economic, legal-political,

technological, socio-cultural, and natural environment conditions


Sustainable Business - ANSWER✔✔-A business that both meets customer needs and

protects the well being of the environment


Sustainable Innovation - ANSWER✔✔-New products and production methods that

have reduced impact on the environment


Specific Environment - ANSWER✔✔-people and groups with whom the organization

interacts


Stakeholders - ANSWER✔✔-persons, groups, and institutions directly affected by an

organization


Competitive Advantage - ANSWER✔✔-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


Environmental Uncertainty - ANSWER✔✔-the lack of complete information about the

environment


Organizational Effectiveness - ANSWER✔✔-sustainable high performance in using

resources to accomplish mission and objectives
Copyright ©SOPHIABENNETT 2025 ACADEMIC YEARALL RIGHTS RESERVED. Page 2/26

, Manager - ANSWER✔✔-A person in an organization who directly supports,supervises,

and helps activate the work efforts and performance of others


Top Managers - ANSWER✔✔-Managers responsible for performance of an

organization as a whole or for one of its larger parts


Middle Managers - ANSWER✔✔-Managers in charge of relatively large departments or

divisions


Supervisors - ANSWER✔✔-Managers in charge of a small work group of non-

managerial workers


Line Managers - ANSWER✔✔-Managers responsible for work activities that directly

affect organization's outputs


Staff Managers - ANSWER✔✔-Managers that use technical expertise to advise and

support the efforts of line workers


Functional Managers - ANSWER✔✔-Managers responsible for a single area of activity


General Managers - ANSWER✔✔-managers responsible for more complex units that

include many functional areas


Management - ANSWER✔✔-process of planning, organizing, leading, and controlling

the use of resources to accomplish goals




Copyright ©SOPHIABENNETT 2025 ACADEMIC YEARALL RIGHTS RESERVED. Page 3/26

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