Mgt 3301 - Study guides, Class notes & Summaries
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MGT 3301 Chapter 1 Exam Questions and Answers
- Exam (elaborations) • 31 pages • 2023
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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...
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MGT 3301 Chapter 7 Test Questions and Answers
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MGT 3301 Chapter 7 Test Questions and Answers 
When a manager makes a decision based on the strong beliefs she already has, she is guilty of a prior-hypothesis bias - ANSWER TRUE 
 
You have surveyed all of your close friends, and they all prefer ice cream to frozen yogurt. Thus you should be confident that everyone prefers ice cream; that is, this is a representative sample of adequate size - ANSWER FALSE 
 
The process of identifying and choosing between alternative courses...
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MGT 3301 Exam Chap 3 & 4 Questions and Answers
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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...
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MGT 3301 Ch. 6 Exam Questions and Answers
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MGT 3301 Ch. 6 Exam Questions and Answers 
 
The cluster of decisions that managers make to assist an organization to achieve its goals is known as 
A) strategy. 
B) scenario planning. 
C) organizing. 
D) needs assessment. - ANSWER A) strategy. 
 
A broad declaration of the organization's overriding purpose, which is intended to identify the organization's products and customer base, as well as to differentiate the organization from its competitors, is known as a ________ statement. ...
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MGT 3301 midterm Exam Questions and Answers
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MGT 3301 midterm Exam Questions and Answers 
Which of the following refers to the pattern of faulty and biased decision making in which team members strive for agreement among themselves at the expense of accurately assessing information relevant to a decision? 
 
skunkworks 
satisficing 
brainstorming 
groupthink - ANSWER groupthink 
 
Which of the following statements is true for a manager intending to create a learning organization? 
Only the top managers are allowed to develop a sens...
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Mgt 3301 Final Review Questions and Correct Answers
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Mgt 3301 Final Review Questions and Correct Answers 
________ is the behavior a leader engages in to support and encourage followers and help them improve and grow on the job. - ANSWER developmental consideration 
 
Phil works for a fiber optics component manufacturer and deals with cuttingedge technology. He needs the workers he supervises to produce creative products regularly. Since he effectively supports his workers and understands the motivations and strong emotions they feel whe...
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Bundle For MGT 3301 Exam Questions with Complete Solutions
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MGT 3301 Exam Chap 3 & 4 Questions and Answers

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MGT 3301 midterm Exam Questions and Answers

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MGT 3301 Chapter 1 Exam Questions and Answers

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MGT 3301 Chapter 2 Exam Questions and Answers

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MGT 3301 Chapter 7 Test Questions and Answers

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Mgt 33
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MGT 3301 Exam Questions with Complete Solutions
- Exam (elaborations) • 5 pages • 2023
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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...
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MGT 3301 Exam Questions and Correct Answers
- Exam (elaborations) • 4 pages • 2023
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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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MGT 3301 Chapter 2 Exam Questions and Answers
- Exam (elaborations) • 4 pages • 2023
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MGT 3301 Chapter 2 Exam Questions and Answers 
Internal dimension - ANSWER Originating in other countries, this dimension can influence all other dimensions in the general environment. 
 
Legal-political dimension - ANSWER When a government regulates the way industries do business, this dimension is at play. 
 
Suppliers - ANSWER Companies make their products using goods purchased from these companies. 
 
Competitive intelligence - ANSWER When an organization ...
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