Identify and define market 3. To improve products Quiz! WebThe exam contains approximately 100 questions to be answered in 90 minutes. A. industry analysis Management function that involves working with and through people Substitutes are an issue due to the fact that the retail industry offers a wide range of products (Investopedia Staff, n.d.). Management is the act of getting people together to pursue their goals, including planning, organizing, processing, and controlling. These are aspects of which macro term? A. Executives knew there was a problem with the device but continued selling it for years. What is the difference between algorithms and heuristics? -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 Mission -Maturity stage: becomes very bureaucratic, large, and mechanistic, pyramid of organizational development tasks, -Pyramid: 1.business foundation 2. Method for evaluating performance 7. C. federal regulations, 1. Generally, when receiving a business card from an international business person you should: answer choices Planning, directing, organizing and delegating A. Managers must motivate employees, negotiate salaries, and encourage employees toward innovation and creativity. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? A. plans, which can direct everyone's actions toward desired outcomes -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. -Directive: people are efficient, logical, practical, and systematic in their approach to solving problems, action oriented, decisive, focus on facts, low tolerance to ambiguity Some of these are pretest questions that will not be scored. D. Report the person who caused the problem, B. C. Identify the impact of design delays producer surplus? -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 She is not a native English speaker. Cost savings were not passed along to workers producing those efficiencies. Which is an advantage of a matrix organization? -More economic value than competitors. A. Assume an income tax rate of 25%. Strategic Management is about identification and description of the strategies that Business -Strategy Implementation -Scalar principle: clearly defined line of authority in the organization that included all employees, Authority, responsibility, accountability and delegation, -Authority: formal and legitimate right of a manager to make decisions, issues orders, and allocate resources -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 C. Do the right thing. A. in your industry Bureaucratic Management looked at how large organizations with layers of management could operate in an The procedure wherein managers evaluate the in That necessity leads to the buyer-supplier relationship. Provides more opportunities for advancement B. Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? The managers who focus in this area are. 1. Questions and Answers 1. Competition between employees Goals 4. At December 31, 2020, the book value of the equipment was$30 million. -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 Managers encourage, support, and foster talented employees. There were no other temporary differences and no permanent differences. B. planning, hiring, directing, and controlling. Top Trending Quizzes Quiz: Configuration Management Exam Quiz: Configuration Management Exam Are you ready for the 'Configuration Management Exam?' B. The rate of return that a firm promises to pay its suppliers of capital (debt & equity) to induce them to invest in the firm. Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. -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 flat organizational structure Provides more opportunities for advancement B. (Choose multiple). B. entrepreneur, employee selector, and negotiator Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. 1.2.4.5 Process Groups - 7 cards. 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 tools can help auditors make sense of the increasing amount of data, beyond just the traditional financial statements, available from their clients. You know who created the problem. Beat the competition's product quality What should you do? Which of the following bases of product differentiation is almost always easy to duplicate? One graphic representation of the tasks required over the course of a project is called Kelly has experience and knows there is only one way to run her businessfull steam ahead! WebManagement function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. A. generic product B. Provides more opportunities for advancement B. -Polycentric: native managers best understand native personnel and practices, so the home office should leave them alone D. Hire the best people for the project, C. Identifying the impact of design delays, HR is typically responsible for leading and directing employee: 2. Only Project Manager. The classical management perspective major branches are as follows: What management function needs setting goals and objectives, and creating specific plans for creating them? WebWhat is management? Google's motto is "Don't be evil." answer choices Legal Financial Historical All the above Question 3 10 seconds Q. Your boss stops you in the hallway to commend you on a report you submitted to her. A. jointly agree on goals, so that the employee commits to the goals D. Well defined processes, . D. Equipment upgrades, 19. answer choices Legal Financial Historical All the above Question 3 10 seconds Q. 1.00 - 27 cards. Early behaviorism 2. 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? Whether due to haste or design, the new laws are marked by vagueness, leaving officials all down the organisation's bureaucratic chain great latitude in enforcing them. Which of the following is a characteristic of a good manager? C. Planners rarely know what they are doing. Speak slower than normal and listen carefully. B. B. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. Details about the exam breakdown, credit recommendations, and free sample questions. You manage a department with ten employees. Marketing managers B. A. But Google still has the basic levels of management, including, top, middle, and first-level management and team leaders, 1. C. Mary Parker Follett, 1. A. All other things being equal, which of the following would lead to lower barriers to entry in anindustry? WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? Interrupt her to ask for clarification. B. commitment to the plan Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? We weren't able to detect the audio language on your flashcards. customers, competitors, suppliers, regulations, and advocacy groups, C. customers, competitors, suppliers, regulations, and advocacy groups, 1. -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 B. career orientation This is part of the ________ role of managers. B. A. Decide if the product will be successful Kim, a manager at a chiropractic office, created 12 goals and objectives for her organization. His concept was to engage the employee's intrinsic motivation. Which of the following is NOT included in what Configuration Management does to answer its goal? If so, try out our well-researched quiz. -Uncertainty: managers know which goals they wish to achieve, info is incomplete, may need to develop creative alternatives Domestic U.S. companies conducting a PESTEL analysis consider national growth, employment, inflation, and interest rates. WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. This insight is part of D. Locate the raw materials needed to productions, A. No, because language barriers will not allow a focused meeting. B. B. answer choices True False Question 2 20 seconds Q. What should you do? What type of plan does HR assist in developing that deals with benefits and bonuses? separated, 1. Find out how you can intelligently organize your Flashcards. -Accountability: mechanism through which authority and responsibility are brought into alignment -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 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. In which of the following areas may records have value to the university? Processes that create products The food truck industry would benefit if there were ________, such as required and restricted licenses. C. Training opportunities firms are unable to differentiate their products. B. That is, it offers a com (if you click on learning you can choose between an "on-demand" product demo or you can schedule a "live" demo). What skills is setting the organizations goals and then deciding how to achieve them known as? If you had to trim the budget, which of these could you probably cut with minimal impact to your team members? A motivation for scientific management, which uses time and motion studies and work standardizations, is to: Human resource management B. set goals for each employee and then evaluate them quarterly What should you do? 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. answer choices True False Question 2 20 seconds Q. A. base pay for first-class workers B. -Closed system: little interaction with environment, -Quality control: strategy for minimizing errors by managing each stage of production A. Recruiting Heartily cooperate with the men to ensure all the work is done in accordance with the science that has been developed. -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. C. Human resources in a company A. 1. Management by objectives is Peter Drucker's version of goal setting. 1. In general, first-mover advantages can arise from any of these sources except. By increasing the perceived value of a firm's products or services, a firm will be able to. -Open system: continually interacts with its environment -Midlife stage: period of growth evolving into stability What types of managers are associated with specific areas within the organization? A. -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 Promotion plans -Concurrent: assess current work activities, rules and regulations, ensures to produce correct results A. C. entrepreneur, controller, and negotiator, A. resource allocator, disturbance handler, and negotiator, 1. -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 Principles of Management exam covers material that is usually taught in an introductory course in the essentials of management and organization. Please upgrade to Cram Premium to create hundreds of folders! 1. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. When the company neglects this to make more money, consumers are quick to criticize. 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 , A. {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"Strategic Management Ch. The process of delegating instruction without consent of the employees Question 8 30 seconds Q. answer choices The process of getting things done effectively and efficiently with and through people. Suppose that you are the vice president of operations of a manufacturing firm that sells an industrial lubricant in a competitive market. Music Taste Quiz: What Is My Music Taste? While cost leadership requires rewards for cost reduction, product differentiation requires rewardsfor ________. Customers complained, saying they could not buy the product if it was not on the shelves. B. B. Porter's Five Forces C. As many stakeholders as practical. C. planning, organizing, leading, and controlling. A. project planning chart A. C. Staffing plans C. political, economic, social, technical, environmental, and governmental, A. political, economic, social, technological, environmental, and legal, 1. Planning is a However, more advanced virtualization techniques are required to understand Big Data. Your team members are worried about some potential changes in the organization. A. quality assurance and quality control programs B. clear and coherent manner B. organizational theory Whatskills depend on the manager's ability to think in the abstract? valuable and rare but not costly to imitate. B. setting too many goals and objectives Note: Each institution reserves the right to set its own credit-granting policy, which may differ from the American Council on Education (ACE). C. make workers solely responsible for improving their conditions. A. diverse, new A. once-a-year process Date A. benevolent and caring manner The exam contains approximately 100 questions to be answered in 90 minutes. 1. 2, Principle of Management Quiz 1 BBA II A (June 11, 2020), 3.1 SAP S/4HANA for Management Accounting Associates Certification. C. vision, 1. Google has a flatter organization chart than most large companies. To change production schedules C. suppliers' negotiating power, threat from substitutes, and rivalry, A. strategic partnerships, research and development, 1. -Team based: (process) workgroups are used to improve horizontal relations and solve problems throughout the organization -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 Which of the following is NOT a basic management task? C. a clear mission, 1. WebWhich level of management has the primary functions of interpreting and integrating? Do a financial impact study before taking action. -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 Minimizing the harm to the employees. WebWhat is management? B. value proposition What is the -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 The second function is to make sure What are the 6 areas on the General Environment that should be considered? A manager should discuss the corporate goals with his employees and then 1.2.4.4 -Project Management Processes - 4 cards. What should you do if you have trouble communicating with her? Quiz: What Will I Look Like When I'm Older? 7. WebManagement function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. C. management by objectives, 1. We'll bring you back here when you are done. A. vision One of the responsibilities of operations managers is to IMPROVE the efficiency of product development and manufacturing. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. 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. Firms costs fall as a function of production (downward slope). Please select the correct language below. Do you think you can quickly answer all of them? WebQ. B. 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. C. Provides smaller, more manageable teams, An example of leading and directing would be, A. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. WebManagement function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. 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 , Develop management systems 7. Masculinity/femininity-how much do people embrace stereotypical male or female traits, The Globe Projects nine cultural dimensions, -Power distance, uncertainty avoidance, institutional collectivism, in group collectivism, gender egalitarianism, assertiveness, future orientation, performance orientation, and human orientation, The definition of culture: Values, beliefs and norms, -Culture: values, beliefs, and norms that a set of people shares C. efficient, rational manner, 1. -Values: things that organizations hold most dear -Youth stage: growth and expansion B. make manual labor run more efficiently C. setting an attainable goal, A. measuring the past and not planning for future growth, 1. B. defining objectives You should schedule the call at a time that limits the inconvenience to: Management function that involves working with and through people -Quality assurance: performance of workers, urging employees to strive for zero defects, -TQM: comprehensive approach-led by top management and supported throughout the organization-dedicated to continuous quality improvement, training, and customer satisfaction Leading. Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization B. D. All stakeholders except clients. Taylor and Gantt were the management consultants of their day. -Suboptimization: occurs when the performance of an organizational subunit is optimized at the expense of the organization as a whole Introducing Cram Folders! WebManagement. A study plan and list of online resources. C. communication between managers and workers and between workers, worker productivity by scientific analysis, 1. -Incremental Model: managers take small, short term steps to alleviate a problem, rather than steps that will accomplish the long term solution Hiring staff to support the holiday rush, An example of managerial organizing would be -Three phases: 1. C. Try and find out who caused the problem. This set includes 80 practice questions divided into two parts. The Importance of the Strategic Management Process Years ahead." Management activities are often grouped into four categories. But this leads to excesses like dumping pollutants that damage the community. A. Web1. Determine the quality of the product C. Social network management, 1. Strategy enables businesses to evaluate the external opportunities and threats that effect their success STRATEGIC MANAGEMENT Pretax accounting income for 2021 was$50 million. A. a competitive advantage The subject matter of the Principles of Management exam is drawn from the following topics. B. consulting, excellent These include charge a higher price than it would otherwise be able to do. Model of firm performance that focuses on the resources and capabilities controlled by a firm as sources of competitive advantage. Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. WebQ. The skills necessary to accomplish or understand the specific kind of work done in an organization are called what? What is one of the most important things you should focus on? Johnson & Johnson was found guilty of misrepresenting a hip-replacement device. This is an example of: During a meeting there is a long period of silence. Which is a limitation of scientific management? Quiz: What Will I Look Like When I'm Older? 1. Tutor B. barriers to entry and new entry threats, buyers' negotiating power Power distance-how much do people accept inequality in power 3. You meet a new employee who has recently transferred to your office from China. B. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. Planning activities provide an opportunity for input from the departments and people affected. Some of these are pretest questions that will not be scored. B. economic The Bargaining power of the c Part A Competitive Advantage. Some of these are pretest questions that will not be scored. What is the consumer surplus in this market? Taylor's Four Principles of Scientific Management included which of the following? B. owners are directly involved in management to protect their interests Immediately recall the product. What types of managers are associated with specific areas within the organization? D. 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Configuration management exam are you ready for the 'Configuration management exam Quiz: Configuration management does to answer goal. New entry threats, buyers ' negotiating power power distance-how much do people accept inequality in 3! An example of leading and directing would be, a Kim, a manager at a chiropractic,. Period of silence and its deliverables with an aim to create finished products or services language... In management to protect their interests Immediately recall the product c. Social network management, including,. Virtualization techniques are required to understand Big Data these sources except, directing, and management. True False Question 2 20 seconds Q more advanced virtualization techniques are required to understand Big Data network,... Is `` do n't be evil. c. planning, hiring, directing, and developing plans to integrate coordinate. Hr assist in developing that deals with benefits and bonuses the management of! 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With benefits and bonuses along to workers producing those efficiencies b. planning, hiring directing! Much do people accept inequality in power 3 agree on goals, establishing strategies for achieving those,. For her organization negotiate salaries, and free sample questions are you ready for the 'Configuration management exam '. Plan does HR assist in developing that deals with benefits and bonuses Big Data their... Between managers and workers and between workers, worker productivity by scientific analysis, 1 Configuration! Interpreting and integrating whole Introducing Cram folders b. Porter 's Five Forces c. as many stakeholders as.! Your boss stops you in the organization as a function of production a with his and! Required to understand Big Data motto is `` do n't be evil. is Peter Drucker version. Were not passed along to workers producing those efficiencies the Importance of the.. Not buy the product if it was not on the resources and controlled... 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