Mgt 3301 exam - Study guides, Class notes & Summaries

MGT 3301 Chapter 1 Exam Questions and Answers Virgnia Rometty CEO of IBM, believes that her success is due in part to her ability to take risks - ANSWER TRUE Exceptional managers have a gift that can't be taught - ANSWER FALSE Management includes integrating the work of people through planning, organizing, leading, and controlling the organization's resources - ANSWER TRUE To be efficient in management means to use resources wisely and cost effectively - ANSWE...

MGT 3301 Exam Chap 3 & 4 Questions and Answers 1) Customers are stakeholders of an organization, but managers are not. - Answer: FALSE 1) When new competitors enter an industry, prices in the industry typically increase. - Answer: FALSE 10) Although a slight bias toward a particular group can seem unimportant, it can lead to very large differences between groups over time. - Answer: TRUE 10) Societies that are high on uncertainty avoidance, such as the United State...

MGT 3301 Exam Questions with Complete Solutions Superior efficiency, quality, innovation, and responsiveness to customers are the four building blocks of - ANSWER competitive advantage The four building blocks of competitive advantage are... - ANSWER The four building blocks of competitive advantage are superior efficiency, quality, innovation, and responsiveness to customers. As managers ascend the managerial hierarchy, the more time they spend - ANSWER Plannin...

MGT 3301 Exam Questions and Correct Answers In the context of the decision-making process, which of the following is the fourth step that involves ranking the alternatives before making a final decision - ANSWER choose among alternatives The administrative model was developed to explain - ANSWER why decision making is always an inherently uncertain and risky process Which of the following statements is true of the classical model of decision making? - ANSWER ...

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