answer choices Planning, directing, organizing and delegating Uncertainty avoidance-how strongly do people desire certainty 4. C. Gantt chart, 1. Explain one harm associated with unexpected inflation that is not associated with expected inflation. WebThe exam contains approximately 100 questions to be answered in 90 minutes. Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. A. corporate values The company could lose a large amount of money if customers find out about the problem. This insight is part of The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. A company wishes to convince customers that its product or service provides more value to them than a competitor's product or service. A. Workers were concerned the increased efficiency would mean less work and less pay. What is the four functions of management? Google's motto is "Don't be evil." -Non-programmed (nonrational) decisions: unique, poorly defined and unstructed, important consequences, The different decision-making environments (certainty, risk, uncertainty and ambiguity), -Certainty: all the info is fully available However, she has no marketing goal or patient referral projections for the future. Knowledge and Skills Required Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. -World bank: provide low interest loans to developing nations for improving transportation, education, health, and telecommunications Companies strive to provide a product or service that is distinct, or ________, in some way from their competitors. In the food truck industry, for example, it is easy for new firms to enter and compete. These are aspects of which macro term? D. Using color-coded file folders for different subjects, D. Using color coded file folders for different subjects. Method for evaluating performance 7. -Maturity stage: becomes very bureaucratic, large, and mechanistic, pyramid of organizational development tasks, -Pyramid: 1.business foundation 2. These companies follow which organization design thinker from 100 years ago, who said activities that are similar should be the responsibility of one person? WebManagement. Simple, Compound and Complex Sentences Quiz. Effectiveness. -Uncertainty: managers know which goals they wish to achieve, info is incomplete, may need to develop creative alternatives The food truck industry would benefit if there were ________, such as required and restricted licenses. The second function is to make sure A firm's ________ is really no more than a socially complex relationship between a firm and itscustomers and can serve as a basis for product differentiation. Pretax accounting income for 2021 was$50 million. D. All stakeholders except clients. A. B. We'll bring you back here when you are done. -Concurrent: assess current work activities, rules and regulations, ensures to produce correct results C. As many stakeholders as practical. In these companies, accountants report to a senior accountant; salespeople report to an executive of sales. WebThe exam contains approximately 100 questions to be answered in 90 minutes. WebManagement function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. Only Project Manager. This is part of the ________ role of managers. Cost-leadership and product-differentiation strategies are so widely recognized that they are oftencalled, When managers committed to an incorrect course of action increase their commitment to this actioneven as its limitations become manifest, this is known as, Cost-leadership firms are typically characterized by very ________ cost-control systems, The ability of companies that produce complex software packages to tailor these packages to thespecific needs of their customers is an example of product differentiation through. sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives. D. Compensation plans, Product managers often have to: C. Mary Parker Follett, 1. D. To set vacation benefits, 9. What is the B. C. Tasks and responsibilities are shared within teams. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. This refers to the lightweight design and the advanced tech inside. D. Equipment upgrades, 19. Some of these are pretest questions that will not be scored. B. substitute products B. organizational theory C. Management Strategic management 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. WebManagement Test Chapter 1 General Management Test 1 Chapter 1: General Management Test 1 Chapter 4:E risk management test 1 set 4 Business Management 1B Test 1 LU2 (4) Pharm Care/Management Test 4 Set 1 Chapter 1-4 Test Flashcards Management test 1 Chapter 1-4 Management Test 1 Chapter 1-4 by mikedonovan90 , WebThe exam contains approximately 100 questions to be answered in 90 minutes. Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. answer choices Planning, directing, organizing and delegating The Principles of Management exam covers material that is usually taught in an introductory course in the essentials of management and organization. During a meeting there is a long period of silence. Method for providing feedback 6. -Mayo: Hawthorne effect, The Human Relationship Movement and the significance of the findings of Maslow (his hierarchy of needs) and McGregor (Theory X versus Theory Y), -Human relations movement: proposed that better human relations could increase worker productivity The primary mechanism for coordinating and focusing staff is can increase the firms cost of developing its products or services - specifically by either charging a higher price or providing a lower quality, can decrease the price a firm is able to charge for its product or service, Meet approximately the same needs but do so in a different manner place a ceiling on the price a firm can charge for its products or services, The intensity of competition among the firms competitors often results in a reduction of price a firm can charge for its product or service. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. C. ecological, 1. Date 1. A. political, economic, social, technological, environmental, and legal Customers demonstrate a preference for the firms offerings. Ask your manager to solve the problem. C. planning, organizing, leading, and controlling. -RATER scale: enables customers to rate the quality of service along dimensions like reliability, assurance, tangibles, empathy, responsiveness, -Also called lean production, not machines or technology but employee involvement, Sharing financial info and results with all employees, -Financial, customer, internal business, innovation and learning, comprehensive management control system, -Economic value added: company's net operating profit minus the cost of capital invested in the company's tangible assets, Management control tools including Gantt Charts and Pert diagrams, -Gantt charts: Interactive calendar C. recording all administrative decisions in writing, A. optimizing the work process and training employees to follow it, 1. B. B. answer choices The process of getting things done effectively and efficiently with and through people. Each team is 3 to 4 people who work independently of other teams, but each team posts weekly to a company blog about what they are doing. -Must coordinate the efforts of diverse parts of an organization D. All stakeholders except clients. Strategic Management is about identification and description of the strategies that Business -Strategy Implementation A. Develop operational systems 6. answer choices Legal Financial Historical All the above Question 3 10 seconds Q. Taylor's Four Principles of Scientific Management included which of the following? Generally, when receiving a business card from an international business person you should: -Directive: people are efficient, logical, practical, and systematic in their approach to solving problems, action oriented, decisive, focus on facts, low tolerance to ambiguity Domestic U.S. companies conducting a PESTEL analysis consider national growth, employment, inflation, and interest rates. C. value proposition, 1. A. C. Determine the financial impact before taking action. Years ahead." Introduction Add to folder A. setting SMART goals A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. -More economic value than competitors. 1. C. No, it is best to make adjustments for other cultures. Introducing Cram Folders! D. Customers The exam contains approximately 100 questions to be answered in 90 minutes. Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization A. Focus on providing accurate and timely information to them as you get it. Quiz: What Will I Look Like When I'm Older? C. Performing employee reviews. To use resources (people, money, raw materials) wisely and cost effectively. D. Marketing of the company's products, Human Resources' main focus is: These are. A. mission In order to understand the competitive structure of an industry, analysts use Michael Porter's Five Forces model. All of the following are elements of the general environment except. Walmart has exceptional logistics, but in 2014, Walmart was criticized for unusual shortages. Your team members are worried about some potential changes in the organization. This is Google's In the S-C-P model, ________ refers to the strategies that firms in an industry implement. Promotion plans Our online risk management trivia quizzes can be adapted to suit your requirements for taking some of the top risk management quizzes. A. resource allocator, disturbance handler, and negotiator B. If so, try out our well-researched quiz. B. WebManagement Flashcards. These are, C. planning, organizing, leading, and controlling. Note: Each institution reserves the right to set its own credit-granting policy, which may differ from the American Council on Education (ACE). A. division of labor These are. Management activities are often grouped into four categories. A. B. planning, hiring, directing, and controlling. C. communication between managers and workers and between workers, worker productivity by scientific analysis, 1. C. No, its best to make adjustments for other cultures, 14. A. planning, organizing, directing, and feedback. Max Weber believed a structured organization, a bureaucracy, would be the most logical and efficient. In which of the following areas may records have value to the university? A. project planning chart C. Training opportunities This is an example of: -Responsibility: duty to perform the task or activity the employee has been assigned The authors provided a wide view and significanceto strategic management. 1. Principles from the ________ school of management were originally designed to prevent favoritism and incompetence. C. Only the managers. 1. B. planning, hiring, directing, and controlling. Would this type of focus and control be a good practice to use in meetings with co-workers around the world? What type of plan does HR assist in developing that deals with benefits and bonuses? There were no other temporary differences and no permanent differences. The Principles of Management exam requires knowledge of human resources and operational and functional aspects of management. -Dimension 2: Person's tolerance for ambiguity(uncertainty), Decision-making styles (directive, analytical, conceptual and behavioral), -Analytical: considers more info and alternatives, high tolerance to ambiguity Which is a limitation of scientific management? Whatskills depend on the manager's ability to think in the abstract? Key results areas 2. B. A. authority and responsibilities are shared so that each person can add to the collective effort -Juran and Deming: u of m alum 1904-2008, Carlson school hosts Juran center for quality and leadership founded with help of Dr. Juran, The concept of the Learning Organization and its importance, -Organization that actively creates, acquires, and transfers knowledge within itself and is able to modify its behavior to reflect new knowledge (Choose multiple) A. Integrated Management Of Childhood Illness (Imci) Quiz. -Midlife stage: period of growth evolving into stability Find out how you can intelligently organize your Flashcards. -Organic: decentralized hierarchy of authority, few rules and procedures, shared tasks, many teams, -Differentiation: tendency of the parts of an organization to disperse and fragment Interrupt her to ask for clarification. This is Apple's While cost leadership requires rewards for cost reduction, product differentiation requires rewardsfor ________. You own a company. -Divisional: people with diverse occupational specialties are put together in formal groups by similar products, customers, or geographic regions, Organization structure: matrix, team-based, net work and modular, -Matrix: organization combines functional and divisional chains of command in a grid so that there are two command structures-vertical and horizontal Staff managers (as opposed to line managers) Karen is an HR manager at Blue Cross/Blue Shield. Evaluation plans The quiz below consists of some basic questions about management processes and functions. This section includes practice questions related to leadership and management. Google has a flatter organization chart than most large companies. Goal Which is an advantage of a matrix organization? A. a competitive advantage WebManagement Test Chapter 1 General Management Test 1 Chapter 1: General Management Test 1 Chapter 4:E risk management test 1 set 4 Business Management 1B Test 1 LU2 (4) Pharm Care/Management Test 4 Set 1 Chapter 1-4 Test Flashcards Management test 1 Chapter 1-4 Management Test 1 Chapter 1-4 by mikedonovan90 , Carefully review the card and then put it in a special place, 1. WebWhat is management? We have other quizzes matching your interest. B. planning, hiring, directing, and controlling. Gantt proposed to mitigate this concern with C. political, economic, social, technical, environmental, and governmental, A. political, economic, social, technological, environmental, and legal, 1. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. C. bureaucratic, 1. This first step in her planning cycle is called 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. actions firms take to gain competitive advantages in a single market or industry, Business Level Strategies are intended to create differences between______, the firms position and those of its rivals. Questions and Answers 1. The supplier's industry is dominated by a small number of firms. C. management by objectives, 1. 2. You should schedule the call at a time that limits the inconvenience to: Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. B. Effectiveness. Acquire resources 5. Customers complained, saying they could not buy the product if it was not on the shelves. No, because language barriers will not allow a focused meeting. Google's motto is "Don't be evil." B. political, essential, social, technological, ecological, and legal D. Report the person who caused the problem, B. Mission 7. A. lifetime employment guarantees B. B. the task and bonus pay plan WebWhich level of management has the primary functions of interpreting and integrating? -Values: things that organizations hold most dear The five components of industry environment are 1. One of his rules was that D. Maintaining your own salary level. Mintzberg classified management decision roles into four types. A. Individualism/collectivism 2. Dr. Kelly will struggle with the planning cycle that recommends Assume an income tax rate of 25%. A. Henri Fayol -Fayol: French engineer and industrialist, first to identify major functions of management, Bureaucracy: Max Weber believed: rational, efficient, ideal organization based on the principles of logic, The Classical viewpoint and the problem with it and why it is important, -Problem: mechanistic, tends to view humans as cogs within a machine Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. Computer hardware and software technology, robots used in manufacturing and automatedwarehouses are examples of which type of resources? Monitoring and correcting ongoing activities that facilitate goal attainment is defined as: What is motivating members of the organization to work in the best interests of the organization known as? A. vision -Audit, Total Quality Management and the Deming philosophy including the PDCA cycle, definition, its two core principles, the RATER scale, quality circles, benchmarking, -Quality should be aimed at the needs of the consumer WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. Which of the following bases of product differentiation attempts to create the perception that afirm's products or services are unusually valuable by focusing on links within and between firms? Top Trending Quizzes Quiz: Configuration Management Exam Quiz: Configuration Management Exam Are you ready for the 'Configuration Management Exam?' B. Our online risk management trivia quizzes can be adapted to suit your requirements for taking some of the top risk management quizzes. Provides more opportunities for advancement B. C. Empowerment A. answer choices True False Question 2 20 seconds Q. C. make workers solely responsible for improving their conditions. -Embargoes: ban on import and export of certain products, Organizations promoting international trade (and what they do), -World Trade Organization (WTO): monitor and enforce trade agreements, agreements based on the general agreement on tariffs and trade (GATT), 153 countries B. branded This set includes 80 practice questions divided into two parts. The Importance of the Strategic Management Process You have created 2 folders. This set includes 80 practice questions divided into two parts. The Bargaining power of the c Part A Kelly has experience and knows there is only one way to run her businessfull steam ahead! D. Well defined processes, . C. fixed salaries, 1. A manager should discuss the corporate goals with his employees and then You need to schedule an international conference call with co-workers that includes managers and employees. On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. B. One graphic representation of the tasks required over the course of a project is called Marketing managers B. -Important: work activity was amenable to a rational approach, boost productivity, The Behavioral viewpoint and its progression (three phases): Early behaviorism, the human relations movement and behavioral science, -Behavioral viewpoint: emphasized the importance of understanding human behavior and motivating employees toward achievement D. Leave the meeting so they can talk privately. A. C. in your market, 1. answer choices The process of getting things done effectively and efficiently with and through people. B. consulting, excellent Top Trending Quizzes Quiz: Configuration Management Exam Quiz: Configuration Management Exam Are you ready for the 'Configuration Management Exam?' A. This set includes 80 practice questions divided into two parts. Apple's current vision statement was introduced by CEO Tim Cook, who stated, "We believe that we are on the face of the earth to make great products." That is, it offers a A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. C. Social network management, 1. B. vision Make sure products meet the company standards Efficiency. Competitive Advantage. E. Manufacturing, . ________ decides how best to attain a company's mission and vision through the coordinated efforts to achieve specific goals and objectives. Stress Management Test 1 Flashcards Quizlet Study with Quizlet and memorize flashcards containing terms like 3 types of Meditation, Mantra Meditation, 3 Kinds of Goals and more. Middle Which is not true concerning corporate downsizing? -Team based: (process) workgroups are used to improve horizontal relations and solve problems throughout the organization 1-5 Mid-term Exam","payreferer_url":"\/flashcards\/copy\/strategic-management-ch-1-5-mid-term-exam-6276236","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. B. Porter's Five Forces C. efficient, rational manner, 1. Engineers talk to each other across the organization. 1.2.4.4 -Project Management Processes - 4 cards. Introducing Cram Folders! C. setting an attainable goal, A. measuring the past and not planning for future growth, 1. B. mission statement A motivation for scientific management, which uses time and motion studies and work standardizations, is to: -Organizing: development of resources to achieve strategic goals, -Division of labor, tasks are subdivided into jobs, employees perform specialized tasks, jobs are small but efficient, The chain of command, unity of command and the scalar principle, -Chain of command: line of authority that links all persons in an organization, shows who reports to whom B. His concept was to engage the employee's intrinsic motivation. C. impersonality, 1. What is the consumer surplus in this market? Civil wars, political coups, terrorism, wars between countries, famines, and country or regionaleconomic recessions are all examples of which element of the general environment? Management function that involves working with and through people -McGregor: theory X: pessimistic view of workers, theory Y: optimistic view of workers, The Quantitative Management theory and its underlying principles, Quantitative management: application to management of quantitative techniques, such as statistic and computer stimulations..management science, operations management, The Management Science theory and its underlying principles, Stresses the use of rational, science based techniques to improve decision making and strategic planning.scheduling, planning, The Operations Management theory and its underlying principles, Managing the production and delivery of an organizations products or services more effectively, The Systems Viewpoint including the concept of open and closed systems, -Organization as a system of interrelated parts, subsystems, part of the larger environment What are the 4 indicators of barriers to entry? Solve the problem without assigning blame, 8. A robust competitive analysis will allow you to focus on those companies that will compete for customers C. Tooling C. competitive analysis, 1. producer surplus? All other things being equal, which of the following would lead to lower barriers to entry in anindustry? 1. Only Project Team. C. Staffing plans The process of delegating instruction without consent of the employees Question 8 30 seconds Q. At December 31, 2021, the book value of the equipment was $28 million. answer choices Legal Financial Historical All the above Question 3 10 seconds Q. -Espoused vs enacted: do the actions of employees reflect what is stated, Definition of the organization and organizing, -Organization: system of consciously coordinated activities or forces of two of more people Develop management systems 7. sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives. A. base pay for first-class workers C. commodity, 1. Find out how you can intelligently organize your Flashcards. C. set stretch goals for each employee so they'll be motivated to grow, A. jointly agree on goals, so that the employee commits to the goals, Management: Environments and Strategic Manage, CHAPITRE 2 - LES EPITHELIUMS - les pithlium, Environment and strategic management (Busines, Business management (Planning and Mission) Mo, Information Technology Project Management: Providing Measurable Organizational Value, Service Management: Operations, Strategy, and Information Technology, Operations Management: Sustainability and Supply Chain Management, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine. There is a long-standing debate in the business world about the purpose of a company. WebManagement Test Chapter 1 General Management Test 1 Chapter 1: General Management Test 1 Chapter 4:E risk management test 1 set 4 Business Management 1B Test 1 LU2 (4) Pharm Care/Management Test 4 Set 1 Chapter 1-4 Test Flashcards Management test 1 Chapter 1-4 Management Test 1 Chapter 1-4 by mikedonovan90 , Prior to Taylor, managers were owners or appointed by the owners with no role beyond oversight. Questions on the exam require you to demonstrate knowledge of management functions and techniques, and ability to associate the meaning of specific terminology with important management ideas, processes, and techniques. Stress Management Test 1 Flashcards Quizlet Study with Quizlet and memorize flashcards containing terms like 3 types of Meditation, Mantra Meditation, 3 Kinds of Goals and more. What are the 6 sources of cost advantage? At December 31, 2020, the book value of the equipment was$30 million. -Incremental Model: managers take small, short term steps to alleviate a problem, rather than steps that will accomplish the long term solution Through which bases of competitive advantage do firms attempt to alter the perceptions of currentand potential customers, whether or not specific attributes of a firm's products or services arealtered? B. Heartily cooperate with the men to ensure all the work is done in accordance with the science that has been developed. Goals 4. Management activities are often grouped into four categories. WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. The managers who focus in this area are. A. that the control systems support the strategy WebWhich level of management has the primary functions of interpreting and integrating? Early behaviorism 2. Which of the following is needed to help accomplish this task? 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