Bmgt 364 quiz - Study guides, Class notes & Summaries

BMGT 364 QUIZ 2, WEEK 3 QUESTIONS AND ANSWERS UNIVERSITY OF MARYLAND edward jones is a national financial advisory firm. the company has 14,000 advisors, most of whom run a one-person office. the advisors have a great deal of autonomy to manage the customer relationship. This means: the organization benefits from stability in its operations the org is hurt by a lack of coordination the org lacks the necessary stability to centralize its decision making the org benefits from greater pro...

BMGT 364 Quiz 2 - Questions and Answers What is anchoring bias? Anchoring is fixating on initial information as a starting point and failing to adequately adjust for subsequent information. What is confirmation bias? Confirmation bias is a type of selective perception where you seek out info that reaffirms your past choices, while discounting info that contradicts past judgments What is availability bias? Availability bias is the tendency for people to base judgments on info that is readily ava...

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BMGT 364 Quiz 1 - Questions and Answers What are the 3 levels of analysis in organizational behavior? Individual Group Organization system What disciplines are involved with organizational behavior? Psychology Social psychology Sociology Anthropology What is an organization? A consciously organized social unit composed of 2 or more people that functions on a relatively continuous basis, to achieve a common goal or set of goals. What is a manager? Someone who gets things done THROUGH other peopl...

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BMGT 364 Quiz 3 - Questions and Answers What is motivation? A set of forces that initiates, directs and makes people persist in their efforts to accomplish a goal. What are the core components/3 key elements of motivation? Intensity Direction Persistence What is the basic flowchart for motivating and managing performance? Effort and persistance --> Performance --> Outcomes --> Satisfaction & Trust In Maslow's Hierarchy of Needs what are higher v. lower order needs? Higher order needs:...

BMGT 364 Week 2 Quiz Exam Questions With Verified Answers THEME ONE PLANNING What is planning? The initial step that guides and informs all the others. process of setting goals and defining the actions required to achieve the goals Starts w/ clarity of purpose and goals formalized in the org's vision, mission, and values statements. Vision statement States overarching aspirations of what an org hopes to achieve or become DOES NOT provide specific targets A broad description of the v...

BMGT 364 Week 2 Quiz Exam Questions With Verified Answers THEME ONE PLANNING What is planning? The initial step that guides and informs all the others. process of setting goals and defining the actions required to achieve the goals Starts w/ clarity of purpose and goals formalized in the org's vision, mission, and values statements. Vision statement States overarching aspirations of what an org hopes to achieve or become DOES NOT provide specific targets A broad description of the v...

BMGT 364 Week 5 Quiz Exam Questions With Verified Answers T/F Research indicates that groups with strong faultlines can perform well if certain norms are established. True T/F Research indicates that older employees exhibit higher absenteeism than their younger counterparts. False T/F Title VII of the Civil Rights Act prohibits discrimination in employment with regard to race, color, sex, religion and national origin. True T/F One of the explanations for the wage gap between men a...

BMGT 364 - QUIZ 1, WEEK 2 QUESTIONS AND ANSWERS 2024   BMGT 364 - QUIZ 1, WEEK 2 QUESTIONS AND ANSWERS 2024 Question 1 (2 points) Ralph Lauren is an American clothing designer and the namesake of his company. Over 2014–2015, sales plateaued and profits declined by 50%. In 2012, the company was worth $16 billion. Four years later, it was worth half that. Stefan Larsson, the CEO, attributed the decline to several factors, including a lack of , which led to merchandise piling u...