Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? A. B. A. that the control systems support the strategy -Organizations should operate as communities SitemapCopyright 2005 - 2023 ProProfs.com. Walmart has exceptional logistics, but in 2014, Walmart was criticized for unusual shortages. Identify and define market 3. Dr. Kelly will struggle with the planning cycle that recommends What is the difference between algorithms and heuristics? -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 Speak slower than normal and listen carefully. C. Human resources in a company What is the consumer surplus in this market? The second function is to make sure Visit one of the following sites (or others recommended by your professor), watch the demo and, if available, download and use a trial version of the software. Scientific 1.2.6.2 - Project Benefits Management Plan - 6 cards. -Measurementship: lack of congruence created by motivation to look good in terms of the measures used in control systems, -Budget: formal financial projection Financial strength can be a competitive advantage. C. Determine the financial impact before taking action. C. specialist, expert, 1. Civil wars, political coups, terrorism, wars between countries, famines, and country or regionaleconomic recessions are all examples of which element of the general environment? -Intuition model: making a choice without the use of conscious thought or logical inference, -Case reality, problem/question, conceptual model, solution, Two dimensions of the personal decision framework, -Dimension 1: reflects the extent to which a person focuses on either task and technical concerns or people and social concerns when making decisions The control process is also described as: 1. A. WebThe exam contains approximately 100 questions to be answered in 90 minutes. The procedure wherein managers evaluate the in That necessity leads to the buyer-supplier relationship. C. Training opportunities You have identified a safety issue with one of your products. A. C. Management B. The five components of industry environment are Provides more opportunities for advancement B. -Importance: rise of virtual organizations, rise of boundaryless organizations, speed and innovation, The significance about learning about international management, Many places are multinational, may deal with foreign customers or partners, Globalization, the global village and e-commerce, -Globalization: trend of the world economy toward becoming a more interdependent system 1.2.6.2 - Project Benefits Management Plan - 6 cards. This refers to the lightweight design and the advanced tech inside. Being named the top employer in the state. Management failed to, 1. A. Management can be approached as either, 1. sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives. answer choices True False Question 2 20 seconds Q. Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. Protect the company. 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. Why do many interest groups spend their time and money educating citizens on legislative issues and candidates? A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. C. management by objectives, 1. answer choices Planning, directing, organizing and delegating WebManagement Flashcards. A. once-a-year process B. -Contemporary: systems, contingency, quality-management, Emphasis on ways to manage work more efficiently, The definition of Scientific Management, its underlying principles, Taylor & Gilbreths, -Scientific management: emphasized scientific study of work methods to improve productivity of individual workers The process of delegating instruction without consent of the employees Question 8 30 seconds Q. C. Tooling -Two core principles: people orientation, improvement orientation These are. Google's motto is "Don't be evil." Individualism/collectivism 2. How can interest groups help their members become informed voters? D. Customers valuable and rare but not costly to imitate. A. lifetime employment guarantees -Maturity stage: becomes very bureaucratic, large, and mechanistic, pyramid of organizational development tasks, -Pyramid: 1.business foundation 2. Scholarship Exam Quiz: Questions And Answers. Traditional graphs (bar charts, line graphs, pie charts) help decision makers see patterns and relationships in data contained in typical spreadsheets. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? What is one of the most important things you should focus on? Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. C. ecological, 1. Key results areas 2. B. commitment to the plan (Choose multiple) A. A company wishes to convince customers that its product or service provides more value to them than a competitor's product or service. Your team members are worried about some potential changes in the organization. Note: Each institution reserves the right to set its own credit-granting policy, which may differ from the American Council on Education (ACE). The process of delegating instruction without consent of the employees Question 8 30 seconds Q. A. Which of the following is needed to help accomplish this task? C. Staffing plans B. Henry Ford Years ahead." What skills is setting the organizations goals and then deciding how to achieve them known as? B. owners are directly involved in management to protect their interests D. Use a pocket dictionary so you can translate words for her, A. A. corporate values Contact your college to find out the score required for credit and the number of credit hours granted. -Decentralization: decision authority is pushed downward to lower organizational levels, -Visual representation, set of formal tasks, framework for vertical control, formal reporting relationships, Organization structures: Simple, functional, divisional, Organization structures: how tasks are divided, resources are deployed, and departments are coordinated Introduction D. Ignore the problem until someone reports it. Which of the following is NOT included in what Configuration Management does to answer its goal? During a meeting there is a long period of silence. B. C. Tasks and responsibilities are shared within teams. Method for evaluating performance 7. How are these evaluations typically used? B. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. There were no other temporary differences and no permanent differences. If so, try out our well-researched quiz. 1-5 Mid-term Exam. She took a goal-setting class and created seven goals for her organization and managers. Kim, a manager at a chiropractic office, created 12 goals and objectives for her organization. Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. -Values: things that organizations hold most dear -Network: central core that is linked to outside independent firms by computer connections, which are used to operate as if all were a single organization But Google still has the basic levels of management, including, top, middle, and first-level management and team leaders, 1. 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. Only Project Team. What is the four functions of management? B. a core competency The quiz below consists of some basic questions about management processes and functions. B. clear and coherent manner -Directive: people are efficient, logical, practical, and systematic in their approach to solving problems, action oriented, decisive, focus on facts, low tolerance to ambiguity C. Insurance. 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. These are. Other participants D. Efficiency, A primary goal of quality assurance and control programs is to: 1.2.6.2 - Project Benefits Management Plan - 6 cards. A manager should discuss the corporate goals with his employees and then -Feedback: organizations outputs, post actions, output control, The three tasks of performance management systems, -Must be able to influence people decisions and actions in an appropriate direction Web1. Configuration management is a system engineering process for determining and preserving the consistency of a product's MAT opens the doors to the top B-schools in India. Evaluation plans Which of the following is not a potential source of diseconomies of scale? 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 , C. Ask for a translator to make communication easier. Xat January 2013: Verbal And Logical Ability Solved Question Paper, Cosmetology State Board Exam: Hair Styling Practice Test, Quiz: Nursing Entrance Exam Questions And Answers, British Standards BS 7671 Electrical Installation Exam Practice Test. Decide if the product will be successful B. Heartily cooperate with the men to ensure all the work is done in accordance with the science that has been developed. D. All stakeholders except clients. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? -Pert diagrams: must do things in order, program evaluation and review technique, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value. No, because language barriers will not allow a focused meeting. Customers demonstrate a preference for the firms offerings. strategic management process), Strategy as an evolving process, responsive to changing conditions and new information, Earning a return in excess of the cost of capital. A. Henri Fayol Customers complained, saying they could not buy the product if it was not on the shelves. -Polycentric: native managers best understand native personnel and practices, so the home office should leave them alone A. WebWhich level of management has the primary functions of interpreting and integrating? Which is an advantage of a tall organizational structure? At December 31, 2021, the book value of the equipment was $28 million. Which of the following is NOT a basic management task? Prepare the appropriate journal entry to record Ameens 2021 income taxes. You found a huge error in a report that is going to the president of the company shortly. In general, first-mover advantages can arise from any of these sources except. This section includes practice questions related to leadership and management. What does "death by planning" mean? 1. -Conceptual: broad perspective, consider many options, high tolerance to ambiguity B. Early behaviorism 2. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. Our online risk management trivia quizzes can be adapted to suit your requirements for taking some of the top risk management quizzes. B. defining objectives B. B. senior management process without any middle management involvement The food truck industry would benefit if there were ________, such as required and restricted licenses. 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 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. B. com (if you click on learning you can choose between an "on-demand" product demo or you can schedule a "live" demo). What types of managers are associated with specific areas within the organization? WebManagement. Do things right. C. that human resources hires the right people, B. that the people in the organization support the strategy, 1. 1.2.4.5 Process Groups - 7 cards. ________ in the RBV are defined as the tangible and intangible assets that a firm controls that it canuse to conceive and implement its strategies. -E-commerce: buying and selling of products and services through computer networks over long distances, -Ethnocentrism: belief that their own nation or country is best Being asked to chair a new committee. A. 1.2.4.5 Process Groups - 7 cards. WebWho should be involved in Risk Management activities? Pretax accounting income for 2021 was$50 million. 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. 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. WebWho should be involved in Risk Management activities? Management activities are often grouped into four categories. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. You will also be required to apply knowledge, general concepts, and principles to specific problems. -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 A good staffing plan A. jointly agree on goals, so that the employee commits to the goals -More economic value than competitors. Develop products and services 4. A. Music Taste Quiz: What Is My Music Taste? 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. A motivation for scientific management, which uses time and motion studies and work standardizations, is to: (Choose multiple) A. Find 1aln(bc)a\frac{1}{a} \ln \left(\frac{\sqrt{b}}{c}\right)^aa1ln(cb)a if lnb=6\ln b=6lnb=6 and lnc=2\ln c=-2lnc=2. Management activities are often grouped into four categories. Whatskills depend on the manager's ability to think in the abstract? The subject matter of the Principles of Management exam is drawn from the following topics. Which is an advantage of a matrix organization? C. make workers solely responsible for improving their conditions. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. In the Great Recession, General Motors went bankrupt, but Ford had acquired long-term financing beforehand that carried it through the downturn. Firm profitability is driven by the structure of assets within the firm two assumptions of RBV: Tangible and intangible assets that a firm controls to implement strategy, Plant, Equipment, Natural Resources, IT, etc, Training, intelligence, insight of individuals. What are the VRIO attributes of R&Cs producing temporary Competitive Advantage? Some of these are pretest questions that will not be scored. A. generic product In which of the following areas may records have value to the university? B. value proposition D. Yes, it is always good to control meetings this way. Immediately place the card in your pocket. C. Empowerment B. Develop management systems 7. A. differentiated -Decision-making: process of identifying problems and opportunities and then resolving them, Programmed (rational) versus non-programmed (non-rational) decisions, -Programmed (rational) decisions: rules developed from frequent occurrences, response to recurring organizational problems A. benevolent and caring manner Recruiting This is an example of: According to Mintzberg, which role would a manager assume if she were trying to convince union members to accept a 25-cent-per-hour reduction in pay in order to keep the manufacturing plant open? A. If you had to trim the budget, which of these could you probably cut with minimal impact to your team members? A. environmental 1. Human resource management Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. -Must coordinate the efforts of diverse parts of an organization Which of the following bases of product differentiation is almost always easy to duplicate? C. No, it is best to make adjustments for other cultures. -Functional vs dysfunctional: does the culture enhance organizational productivity and performance Solve the problem without assigning blame, 8. Finances In general, what is a business's most valuable resource? Research shows that when actions are coordinated and focused on specific outcomes, they are much more effective. Tutor Managers must motivate employees, negotiate salaries, and encourage employees toward innovation and creativity. Marketing managers B. The Bargaining power of the c Part A A. in your industry C. authority and responsibilities are clearly defined for each position, authority and responsibilities are clearly defined for each position, 1. The general environment areas include The authors provided a wide view and significanceto strategic management. Make sure products meet the company's standards. Manage the actions of each of their staff members WebWhat is management? 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. 1. C. entrepreneur, controller, and negotiator, A. resource allocator, disturbance handler, and negotiator, 1. However, more advanced virtualization techniques are required to understand Big Data. A. a competitive advantage Manage the corporate culture, -Decision: choice made from available alternatives WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. Controlling may be the most important management function. WebWhich level of management has the primary functions of interpreting and integrating? Quiz: What Will I Look Like When I'm Older? -conflicts should be resolved by having managers and workers talk over differences and find solutions that satisfy both, work process should be under control of workers with relevant knowledge, Early behaviorism, Elton Mayo, and the principles derived from the Hawthorne effect, -Hawthorne effect: employees work harder if they receive added attention, believe that managers care When the company neglects this to make more money, consumers are quick to criticize. Leading. customers, competitors, suppliers, regulations, and advocacy groups, C. customers, competitors, suppliers, regulations, and advocacy groups, 1. You know who created the problem. The best example of a firm following a cost-leadership business strategy is. A. political, economic, social, technological, environmental, and legal Ask your manager to solve the problem. A. industry analysis Tableau-available from www.tableausoftware. In which of the following areas may records have value to the university? (Choose multiple) A. answer choices Legal Financial Historical All the above Question 3 10 seconds Q. What is the four functions of management? -Ambiguity: goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, into about outcomes is unavailable, -Bounded rationality: ability of decision makers to be rational is limited by numerous constraints -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 Strategic management is a method used by fi Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; (1) Accounting Measures and/or (2) Economic Measures, audio not yet available for this language, Define the Strategic Management Process & Identify the Stages, sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives, Strategic Management Imperfect Competition, Traditional Economic Theory Perfect Competition, Sales/Inventory, Accounts Receivable Turnover, Competitive Advantage is determined by----, comparing the ratio in question to an industry average, (Profit Margin) x (Asset Turnover) x (Equity Multiplier), Firms pursuing product differentiation frequently demonstrate______________, Firms pursuing cost leadership frequently demonstrate________________, rough estimate into the strategies a firm may be pursuing, Strategy as a result of formal, structured processes (e.g. Each objective is linked to a specific report, and she has reports of those measures from the past three years. -More economic value than competitors. Strategic Management Background 1. One of the responsibilities of operations managers is to IMPROVE the efficiency of product development and manufacturing. A. Marketing managers B. 2. D. Well defined processes, . 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 attributes makes suppliers a stronger threat? C. Mary Parker Follett, 1. Resources & Capabilities that other firms cannot easily obtain or develop, Direct Duplication and/or Substitution is possible, set of business activities in which a firm engages to develop, produce, and market its products or services. One way to temper the profit goal is an explicit statement of When designing a new product, a good schedule helps management? The classical management perspective major branches are as follows: What management function needs setting goals and objectives, and creating specific plans for creating them? -Integration: tendency of the parts of an organization to draw together to achieve a common purpose, Stages in the life of the organization, the transitions from small to large firms, and the pyramid of organizational development tasks, -Birth stage: organization is created Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? What are the 4 indicators of barriers to entry? C. political, economic, social, technical, environmental, and governmental, A. political, economic, social, technological, environmental, and legal, 1. ________ reduces uncertainty and indicates what everyone is expected to accomplish. 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"}}. These companies follow which organization design thinker from 100 years ago, who said activities that are similar should be the responsibility of one person? D. Further investigate the situation. C. planning, organizing, leading, and controlling. Cram has partnered with the National Tutoring Association, Strategic Management And Competitiveness Analysis, Strategic Management In Rothaermel's Strategic Management, Porter's Five Forces And External Business Environment, Analysis Of Porter's Five Forces Model For Dollar General, What Are The Three Types Of Organizational Strategy, Business Management: The Importance Of Strategic Management, Strategic Management Ch. Do You Know How To Survive In The Wild? Kelly has experience and knows there is only one way to run her businessfull steam ahead! Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? Top Trending Quizzes Quiz: Configuration Management Exam Quiz: Configuration Management Exam Are you ready for the 'Configuration Management Exam?' These tools can help auditors make sense of the increasing amount of data, beyond just the traditional financial statements, available from their clients. Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. Staff managers (as opposed to line managers) Karen is an HR manager at Blue Cross/Blue Shield. 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. - 6 cards you had to trim the budget, which of following. But Ford had acquired long-term financing beforehand that carried it through the downturn what types of managers are more in! Meeting there is a business 's most valuable resource Trending quizzes quiz what. Of scale knows there is only one way to run her businessfull steam ahead than... Top Trending quizzes quiz: Configuration management exam? without consent of following... Comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz.. 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