INTRODUCTION -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 {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"Strategic Management Ch. XAT January 2013: Verbal and Logical Ability Solved Question Paper. 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. Thank her and tell her who authored the report. Other participants -Responsibility: duty to perform the task or activity the employee has been assigned Power distance-how much do people accept inequality in power 3. C. Have the best product prices -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 This is Google's 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 , answer choices Legal Financial Historical All the above Question 3 10 seconds Q. -Values: things that organizations hold most dear This set includes 80 practice questions divided into two parts. B. How are these evaluations typically used? Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. B. setting too many goals and objectives The training, experience, judgment, intelligence, relationships and insight of individual managersand workers in a firm are examples of, The VRIO assumption that some of the resource and capability differences among firms may belong lasting because it may be very costly for firms without certain resources and capabilities todevelop or acquire them is known as, Resources and capabilities, such as interpersonal relations among managers and a firm's culture,that may be costly to imitate because they are beyond the ability of firms to systematically manageand influence are referred to as, To the extent that a firm's resources and capabilities enhance a firm's competitive position byenabling a firm to exploit its opportunities or neutralize its threats, these resources and capabilitiesare valuable and are known as, Resources that generate a temporary competitive advantage are. Strategy enables businesses to evaluate the external opportunities and threats that effect their success STRATEGIC MANAGEMENT No, because language barriers will not allow a focused meeting. WebManagement Flashcards. What type of plan does HR assist in developing that deals with benefits and bonuses? B. vision A. D. Leave the meeting so they can talk privately. C. Hire the right people to produce the product B. the task and bonus pay plan The threat of new entrants in Porter's Five Forces analysis is often the most important force affecting an industry. 1.2.4.5 Process Groups - 7 cards. A. government regulations The supplier's industry is dominated by a small number of firms. In general, what is a business's most valuable resource? Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization C. As many stakeholders as practical. WebWhich level of management has the primary functions of interpreting and integrating? Are you ready for the 'Configuration Management Exam?' Effectiveness. A. planning, organizing, directing, and feedback. Please upgrade to Cram Premium to create hundreds of folders! Kelly is a pediatrician who opened her own office three years ago. -Level 2: basic assumptions (espoused culture), Ways cultures become embedded in organizations, -Slogans, sayings, titles, stories, physical design, structure, Cultural perspectives (strong versus weak, functional versus dysfunctional and nominal versus real), -Strong vs weak culture: do people have a clear sense of what culture is We have other quizzes matching your interest. To change production schedules -Study jobs and determine which people are best suited to specific jobs, identify psychological conditions under which employees do their best work, devise management strategies to influence employees to follow management interests, Early behaviorism, Mary Parker Follett and her primary philosophies, -Follett: social worker and social philosopher Immediately place the card in your pocket. 1.2.4.4 -Project Management Processes - 4 cards. The threat of entry, power of suppliers, and threat of substitutes are all low within this industry. When designing a new product, a good schedule helps management? 1. C. planning, organizing, leading, and controlling. C. Insurance. -Incremental Model: managers take small, short term steps to alleviate a problem, rather than steps that will accomplish the long term solution In the United States you are very good at organizing and keeping meetings on schedule. B. We'll bring you back here when you are done. A. quality assurance and quality control programs B. planning, hiring, directing, and controlling. -World bank: provide low interest loans to developing nations for improving transportation, education, health, and telecommunications Competitive Advantage. Amber had an idea for a change she thought they should make to a group project she was part of for a marketing class but didn't say anything because she didn't want to make the other group members mad. Do a financial impact study before taking action. Your schedule -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 -Suboptimization: occurs when the performance of an organizational subunit is optimized at the expense of the organization as a whole A. strategic partnerships, research and development C. Identify the impact of design delays 1. Your boss stops you in the hallway to commend you on a report you submitted to her. 2. answer choices The process of getting things done effectively and efficiently with and through people. Computer hardware and software technology, robots used in manufacturing and automatedwarehouses are examples of which type of resources? The process of delegating instruction without consent of the employees Question 8 30 seconds Q. C. Stay quiet until they break the silence, 3. WebDefine the Strategic Management Process & Identify the Stages. Taylor's Four Principles of Scientific Management included which of the following? Which of the following is NOT a basic management task? Accounting Measures and Economic Measures are____________. answer choices Planning, directing, organizing and delegating -Concurrent: assess current work activities, rules and regulations, ensures to produce correct results Thank her and don't mention the report. Name Which is a limitation of scientific management? Supply: QS=15+PQ^{S} = -15 + PQS=15+P. Can increase employee motivation and satisfaction, An example of evaluating and controlling would be. The managers who focus in this area are. -Delegation: process managers use to transfer authority to the lowest possible level, -Tall structure: narrow span and more levels B. worker productivity by scientific analysis This section includes practice questions related to leadership and management. Uncertainty avoidance-how strongly do people desire certainty 4. B. a core competency Management is the act of getting people together to pursue their goals, including planning, organizing, processing, and controlling. C. impersonality, 1. B. consulting, excellent Customers demonstrate a preference for the firms offerings. (Choose multiple) A. The advertisements for the Apple MacBook show an edge-on image of a MacBook with the caption "MacBook: Light. A. jointly agree on goals, so that the employee commits to the goals B. B. make manual labor run more efficiently -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 1.2.4.5 Process Groups - 7 cards. A. The company could lose a large amount of money if customers find out about the problem. -Beliefs: assumptions that individuals hold about themselves, their customers and organization WebManagement. Crop Production and Management Class 8 MCQ Questions with Answers, FRM 188 (Range Management) Long Test No. 0. Principles from the ________ school of management were originally designed to prevent favoritism and incompetence. A. C. organization, so that everyone knows their role, A. plans, which can direct everyone's actions toward desired outcomes, 1. A. WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. firms are unable to differentiate their products. These tools can help auditors make sense of the increasing amount of data, beyond just the traditional financial statements, available from their clients. Leading. 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. Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? Gantt proposed to mitigate this concern with -Conceptual: broad perspective, consider many options, high tolerance to ambiguity -Rewards for cost reduction (employee incentives), Generate economic value by having lower costs than rivals, -Generate economic value by offering a good or service that provides greater perceived benefits than those of rivals, -Almost anything can be a base of differentiation -A wide range of customers needs can be filled by a wide range of bases of differentiation, -Many methods for differentiating the product or service, -Cost leadership and differentiation can co-exist in the same firm, however mangers must set priorities. C. Product design schedules Do You Know How To Survive In The Wild? B. hiring new employees based on their degree or family ties People are not motivated when they do not have clear goals and do not know what is expected of 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 A. corporate values Employees should be hired on the basis of their interest and desire in the work. This is an example of: The Principles of Management exam requires knowledge of human resources and operational and functional aspects of management. C. recording all administrative decisions in writing, A. optimizing the work process and training employees to follow it, 1. -Vertical functional structure: people are grouped by similar occupational specialties 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. Processes that create products A. authority and responsibilities are shared so that each person can add to the collective effort One of the responsibilities of operations managers is to IMPROVE the efficiency of product development and manufacturing. Only Project Team. Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. A. political, economic, social, technological, environmental, and legal Questions and Answers 1. The rate of return that a firm promises to pay its suppliers of capital (debt & equity) to induce them to invest in the firm. 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. 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. Industries in which a large number of small or medium-sized firms operate and no small set offirms has dominant market share or creates dominant technologies are called ________ industries. WebWho should be involved in Risk Management activities? D. Locate the raw materials needed to productions, A. Speak slower than normal and listen carefully. 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? B. What are the 4 generic industry structure? The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. WebStudy with Quizlet and memorize flashcards containing terms like The definition of management, The four key management responsibilities, The concept of organizational performance including efficiency and effectiveness and -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 WebStudy with Quizlet and memorize flashcards containing terms like The definition of management, The four key management responsibilities, The concept of organizational performance including efficiency and effectiveness and C. suppliers' negotiating power, threat from substitutes, and rivalry, A. strategic partnerships, research and development, 1. 1.2.6.2 - Project Benefits Management Plan - 6 cards. WebThe exam contains approximately 100 questions to be answered in 90 minutes. Which of the following is not a potential source of diseconomies of scale? Leading. Solve the problem without assigning blame. B. The subject matter of the Principles of Management exam is drawn from the following topics. -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 Some of these are pretest questions that will not be scored. Ask if they have more questions. Strategic Management is about identification and description of the strategies that Business -Strategy Implementation Speak slower than normal and listen carefully. B. Spotfire-available from www.spotfire.tibco.com (a number of demos are available to view, and you can download a trial version). The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. This first step in her planning cycle is called You own a company. The threat of direct competition tends to be high when. D. Report the person who caused the problem, B. In these companies, accountants report to a senior accountant; salespeople report to an executive of sales. Ask your manager to solve the problem. Many companies are organized along functional lines. 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. Pretax accounting income for 2021 was$50 million. The Gilbreth's research provided many important principles that were later incorporated into These are. Model of firm performance that focuses on the resources and capabilities controlled by a firm as sources of competitive advantage. C. Management B. D. Yes, it is always good to control meetings this way. Reporting structure, culture, planning & controlling mechanisms, etc. C. No, it is best to make adjustments for other cultures. What are the 4 indicators of barriers to entry? D. Customers By increasing the perceived value of a firm's products or services, a firm will be able to. Music Taste Quiz: What Is My Music Taste? -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 -Two core principles: people orientation, improvement orientation D. Compensation plans, Product managers often have to: The primary mechanism for coordinating and focusing staff is Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. Taylor said managers had responsibilities such as Marketing managers B. -More economic value than competitors. D. Hire the best people for the project, C. Identifying the impact of design delays, HR is typically responsible for leading and directing employee: Customers complained, saying they could not buy the product if it was not on the shelves. B. Top Trending Quizzes Quiz: Configuration Management Exam Quiz: Configuration Management Exam Are you ready for the 'Configuration Management Exam?' Tutor -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 A. D. Well defined processes, . Management activities are often grouped into four categories. Planning WebManagement. WebWho should be involved in Risk Management activities? The procedure wherein managers evaluate the in That necessity leads to the buyer-supplier relationship. B. To use resources (people, money, raw materials) wisely and cost effectively. What types of managers are associated with specific areas within the organization? Human Resources works with managers to do employee evaluations. 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