Mgt 230 - Study guides, Class notes & Summaries

1) The measure of the cost of a standard basket of goods and services in any period relative to the cost of the same basket of goods and services in the base year is called the 1) ______ A) consumption cost calculator. B) consumption production index. C) consumer production index. D) consumer price index. 2) The consumer price index for the current year measures the cost of a standard basket in the ______ year relative to the cost of the same basket in the ______ year. 2) ______ A) cur...

MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question. 1) If a country’s economic decisions are made by an individual or small number of individuals, then it has a A) centralized economy. B) free-market economy. C) capitalist economy. D) open economy. 1) A In centralized economies, an individual or a small group of individuals decide what, how, and for whom to produce. 2) A good example of central planning at work in the U.S. is A) c...

1) The key indicator of a country's living standard and economic well-being is 1) ______ A) the interest rate. B) nominal GDP per person. C) real GDP. D) real GDP per person. 2) Compared to the level of real GDP per person in 1870, by 2010, real GDP in the U.S was ______ times larger, while real GDP per person in Japan was _______. 2) ______ A) 12; smaller B) 12; 12 times larger C) 12; 30 times larger D) 30; 12 times larger 3) Over the period from 1870 to 2010, the growth of real G...

MGT 230 FINAL EXAM 30/30 Questions with Answers 1) Planning involves which of the following? A. Analyzing current situations B. Determining rewards for goals achievement C. Motivating employees D. Implementing necessary changes

Knowledge results from having developed an assortment of complex schemata for learning and organizing data. - Answer-True Jake has a tough time choosing between two candidates for a leadership position. He ends up choosing Nancy over Jackie, because Nancy just seems like she was born to lead. From which perspective is Jake viewing leadership? - Answer-trait perspective The Managerial (Leadership) Grid was designed to explain how leaders help organizations to reach their purposes through tw...

MGT 2301 - Human Resources Study Notes Chapter 1 Key terms Human Resources Management (HRM)– The management of people within organizations to drive successful organizational performance and achievement of the organization’s strategic goals. Human Capital – The knowledge, education, training, skills and expertise of an organization’s workforce. Scientific Management – The process of “scientifically “analysing manufacturing processes, reducing production costs and compensatio...

Exam (elaborations) MGT 2301 Human Resources in Canada - 12th edition - textbook notes MGT 2381 Human Resources in Canada - 12th edition - textbook notes

Resources Study Notes Chapter 1 Key terms Human Resources Management (HRM)– The management of people within organizations to drive successful organizational performance and achievement of the organization’s strategic goals. Human Capital – The knowledge, education, training, skills and expertise of an organization’s workforce. Scientific Management – The process of “scientifically “analysing manufacturing processes, reducing production costs and compensation based on their per...

MGT 2301 Human Resources in Canada - 12th edition - textbook notes

Exam (elaborations) Nordstrom case Study Analysis (MGT230) MGT 230 Management Planning