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MGMT 3000 EXAM 1 Simoon Cannon| Complete Q’s and A’s
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MGMT 3000 EXAM 1 Simoon Cannon|Complete Q’s and A’s
Which statement about managing in a competitive world is true - -
Management must adapt to a new circumstances when facing a challenging
economy
- Which reason best explains why companies are operating globally? - -
Increased opportunities for growth
- The challenges of technology come from the rapid rate of change in which
of the following? (Select every correct answer.) - -Communication,
transportation, and information
- What are the two primary contributions of knowledge workers? - -Problem-
solving expertise & Development of ideas
- What is one of the most important processes of knowledge management? -
-To ensure that workers in an organization collaborate effectively with one
another
- When a company achieves success and is able to sustain that success
because it consistently outperforms its rivals, that company has Blank______.
- -A competitive advantage
- Which statement about innovation is true? - -Without innovation, a firm
will die
- Quality is best defined as Blank______. - -the excellence of a product,
whether it be goods or services
- Which measurement of quality is focused on continually meeting the needs
of customers to establish mutually beneficial long-term relationships? - -
Service
- What term refers to the fast and timely execution, response, and delivery
of results? - -Speed
- The process of keeping costs low in order to achieve profits and to be able
to offer prices that are attractive to consumers is called Blank______. - -Cost
competitiveness
- Minimizing the use of resources, especially those that are polluting and
nonrenewable, is a core goal of Blank______. - -sustainability
, - Which statement about the six competitive advantages is true? - -There
are some trade-offs among the six sources of competitive advantage.
- The management function of organizing includes Blank______. - -
assembling and coordinating all resources needed to achieve goal
- The management function of monitoring performance and making needed
changes is called Blank______. - -Controlling
- To which of the managerial functions should managers devote adequate
attention and resources? - -planning, organizing, leading, and controlling
- Senior executives responsible for the overall management and
effectiveness of the organization are called Blank______ managers. - -top-
level
- Which level of management is responsible for translating the general goals
and plans developed by strategic managers into more specific objectives and
activities? - -Middle-level
- Wayde is responsible for working with his team and resources, making sure
all members are doing their jobs, and that his team is focused on
accomplishing organizational goals. Wayde is most likely a(n) Blank______. -
-manager
- The management function of planning is Blank______. - -systematically
making decisions about the goals and activities that an individual, a group, a
work unit, or the organization will pursue
- The ability to motivate and communicate effectively with employees is
called Blank______. - -Leading
- Frontline managers are Blank______. - -lower-level managers who
supervise the operational activities of the organization
- Successful managers Blank______. - -have broad responsibilities
- What are the three essential categories of skills for successful managers? -
-Technical skills, interpersonal and communication skills, and conceptual and
decision skills
- Select those factors which are part of the economic environment. (Choose
every correct answer.) - -low levels of unemployment
falling interest rates
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