Exam (elaborations)
PUBH 120 Exam 1 Lecture Practice
- Module
- 4010 Exam 1
- Institution
- 4010 Exam 1
PUBH 120 Exam 1 Lecture Practice
[Show more]
Seller
Follow
Content preview
GMGT 1010 Quiz 2What are the domains of management? - ANS-People, Money, managing other
organizations and resources
What are the steps of a value chain? - ANS-1) Acquires the resources it needs (money,
people, other resources)
2) Engages in day-to-day operations to use and add value to these resources (inputs
into products and services)
3) Utilizes its value-added outputs to further it interests (sells products and services to
customers, basically where you make your money)
Traditional value chain process - ANS-input to conversion process, output
Domains of Management
Inputs
Members: ?
Money: ?
Other org/resources: ? - ANS-HR
Finance
Supply Chain Mgmt
Domains of Management
Conversion Process
Members: ?
Money: ?
Other org/resources: ? - ANS-HR
Accounting
Operations Mgmt
Domains of Management
Outputs
Members: ?
Money: ?
Other org/resources: ? - ANS-HR
Finance
Marketing
Human Resource Management - ANS-(MANAGING PEOPLE)
, How an organization (RTCPD)
1) Recruits its people
2) Train your people
3) Compensate you people
4) Promote you people
5) Dismiss your people
Finance - ANS-(RAISING AND INVESTING)
Raising money (financing) business getting capital and spending money (investing) how
a business invests and where it all goes
Accounting - ANS-(MEASURING AND COUNTING)
Measurement of wealth and financial impact of transactions
Business: accounting day to day, allocating funds, tracking daily funds
Supply Chain Management - ANS-(INTER-ORG RELATIONSHIPS)
Where business gets it raw materials from and how to get the supplies from other
organizations
Operations Management - ANS-(CONVERTING INPUTS AND OUTPUTS)
Production management and service operations
Bottle neck where things slow down process
Control of: Converting from inputs to outputs process
Marketing - ANS-(SELLING OUTPUTS)
4 P's
Price, Promotion, Product, Place
What are the 3 Big Social Issues? - ANS--Working conditions
Labor, health and safety, human rights
-Inequality
Economic, gender, racial
-Consumerism
Been around since the beginning. Buy stuff don't need and take for granted.
Globalization - ANS-is the increasing movement of goods, services, and capital across
the national borders
Why does globalization heightens social issues? - ANS--takes advantage of local
communities
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller denicetho. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £7.16. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81298 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now