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MGMT 300 Midterm Exam || QUESTIONS WITH A+ GRADED SOLUTIONS!!
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  • MGMT 300
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  • MGMT 300

Management correct answers attainment of organizational goals in an effective and efficient matter through planning, organizing, leading, and controlling organizational resources Basic Functions of Management correct answers 1. Set objectives 2. Organize 3. Motivate and Communicate 4. Measure...

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  • August 29, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • MGMT 300
  • MGMT 300

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MGMT 300 Midterm Exam || QUESTIONS WITH A+
GRADED SOLUTIONS!!
Management correct answers attainment of organizational goals in an effective and efficient
matter through planning, organizing, leading, and controlling organizational resources

Basic Functions of Management correct answers 1. Set objectives
2. Organize
3. Motivate and Communicate
4. Measure
5. Develop People

Organization correct answers a social entity that is goal directed and deliberately structured

Organizational Effectiveness correct answers degree to which an organization achieves a
stated goal

Technical Skills correct answers understanding and proficiency in performance of specific
tasks

Conceptual Skills correct answers ability to see organization as a whole and relationships in
parts

2 Major Reasons that Managers Fail correct answers poor communication and poor
interpersonal skills

Time Management correct answers using techniques that enable you to get more done and in
less time with better results

10 Manager Roles correct answers Informational:
Monitor
Disseminator
Spokesperson
Interpersonal:
Figurehead
Leader
Liason
Decisional:
Entrepreneur
Disturbance Handler
Resource Allocator
Negotiator

Monitor correct answers seek and receive information; scan web, periodicals, reports;
maintain personal contacts

Disseminator correct answers forwards information to other organization members; send
memos and reports; make calls

,Spokesperson correct answers transmit information to outsiders through speeches or reports

Figurehead correct answers perform ceremonial duties such as signing legal documents

Leader correct answers direct and motivate subordinates; train, counsel, and communicate
with subordinates

Liason correct answers maintain information links in and out of the organization using email,
phone, meetings

Entrepreneur correct answers initiate improvement; identify new projects

Disturbance Handler correct answers correct conflicts or crises

Resource Allocator correct answers schedule, budget, set priorities

Negotiator correct answers represent team interests, negotiate contracts

Classical Perspective of Management correct answers scientific management, bureaucratic
organizations, and administrative principles

Humanist Perspective of Management correct answers created by Mary Parker Follett

Scientific Management correct answers determined jobs and management practices as the
way to improve efficiency and labor productivity

"Father of Scientific Management" correct answers Frederick Winslow Taylor

Bureaucratic Organizations Approach correct answers division of labor with clear definitions
of authority and responsibility

Administrative Principles correct answers unity of command, division of work, unity of
direction, scalar chain

Labor Market Forces correct answers 1. growing need for computer-literate knowledge
workers
2. necessity for continuous investment in human resources
3. effects of international trading blocs, automation, outsourcing, and shining facility
locations on labor dislocations, erecting some unused labor pools or shortages

Organizational Environment correct answers task and general environments, and all elements
existing outside the boundary of the organization that affects it

Organizational Ecosystem correct answers includes organizations in all the sectors of the task
and general environments that provide the resource and information transactions, flows, and
linkages necessary for an organization to thrive

General Environment correct answers indirectly influences all organizations within an
industry and includes five dimensions

, Task Environment correct answers conduct day to day transactions, directly influences direct
operations

Internal Environment correct answers includes employees, management, and culture

International Dimension correct answers includes events originating in foreign countries, as
well as new opportunities for U.S. companies in other countries

Technological Dimension correct answers includes scientific and technological advancements
in a specific industry and in society

Sociocultural Dimension correct answers represents the demographic characteristics such as
norms, customs, and values/ geographical distribution, age, and education

Economic Dimension correct answers represents general economic health of the country or
region where organizing operates

Legal Political Dimension correct answers government regulations at the local, state, and
federal levels, as well as political activities designed to influence company behavior

Natural Dimension correct answers plants, animals, rocks, and natural resources

Strategic Issues correct answers events and forces that alter ability to achieve goals

Boundary Spanning correct answers links organization to external environment

Big Data Analytics correct answers using technology to make better decisions

International Partnerships correct answers reduces boundaries

Merger correct answers when 2 or more organizations become 1

Joint Venture correct answers 2 or more organizations strategically form an alliance

Symbol correct answers an object, act, or event that conveys meaning

Story correct answers narrative based on true events that is repeated frequently and shared
among organizational employees

Hero correct answers a figure who exemplifies the deeds, character, and attributes of a strong
culture

Ceremony correct answers planned activity at a special event is conducted for audience
benefit

Slogan correct answers phrase that expresses a key corporate value

2 Dimensions Culture is Based Off Of correct answers 1. Extent to which the external
environment requires flexibility or stability
2. Extent to which a company's strategic focus is internal or external

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