Mgmt100 exam - Study guides, Class notes & Summaries

MGMT100 EXAM QUESTIONS WITH 100% CORRECT ANSWERS Types of Strategies in Response to CSR - Answer- - proactive (Take leadership of social intiatives) - Accommodative (do minimum ethically required) - Defensive (do minimum legally required) - obstructionist (Fight social demands) Vanguard Organisations - Answer- Organisations being proactive in the CSR space. Ethical Manager - Answer- Ethics sets standards for what is considered good and bad in manager conduct and decision-making. ...

MGMT1000 EXAM QUESTIONS WITH ALL CORRECT ANSWERS Definition of Risk - Answer- Risk, n. (Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility. The possibility of financial loss or failure as a quantifiable factor in evaluating the potential profit in a commercial enterprise or investment. five possible courses of action regarding risk - Answer- Avoid Risk -Pretty much what it sounds like. If you want to...

MGMT100 Exam Revision Questions with All Correct Answers How can you reduce noise - Answer- playing ads at a time that kids would be in bed so the message can be heard without noise or having a direct link to a website on an ad so the customer isn't distracted What is observable culture - Answer- the things you hear or see in a business culture / enviornment e.g. floor layout , music , furniture , smells , uniforms What is an example of observable culture in a company - Answer- tw...

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 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. Ne...

MGMT100 Exam 1 Review Questions with All Correct Answers What is considered to be a significant disadvantage of owning a franchise? A. Start-up Costs B. Operational guidelines C. Difficulty obtaining loans D. Double taxation E. Competition - Answer- start-up costs What is the MOST important source of money for new business start-ups? A. banks B. the SBA C. Personal resources D. Government grants E. Venture capital - Answer- Personal resources What is the advantage to star...

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MGMT100 ACTUAL EXAM QUESTIONS WITH ALL CORRECT ANSWERS What did Bureaucratic Management focus on? - Answer- the idea of large organisations operating on a rational basis. What are the five major characteristics of Weber's idea Bureaucracy? (CWFIC) - Answer- -clear division of labour -well-defined hierarchy -formal rules and procedures -inpersonality -career advancement based on merit What are the three types of management in the Classical Approach? - Answer- Scientific, Admini...

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