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
