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MGT 371 Exam 1 (Robbins) (Mississippi College) ANSWERS 100% CORRECT!! $11.09
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MGT 371 Exam 1 (Robbins) (Mississippi College) ANSWERS 100% CORRECT!!
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Organization correct answers A formal arrangement of the jobs and activities within the company Management correct answers Coordinating and overseeing the activities and resources of the organization in such a way so as to achieve mutually beneficial results Effective - Goal, Attainment, Achi...

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  • September 2, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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MGT 371 Exam 1 (Robbins) (Mississippi College)
ANSWERS 100% CORRECT!!
Organization correct answers A formal arrangement of the jobs and activities within the
company

Management correct answers Coordinating and overseeing the activities and resources of the
organization in such a way so as to achieve mutually beneficial results

Effective - Goal, Attainment, Achievement

Efficiency - Use of resources correct answers Goals of Management: Effective and Efficient

Planning

Organizing

Leading

Controlling correct answers 4 functions of management

Top Level or Corporate - Responsible for the long term growth and survival of the entire
cooperation

Middle Manager - Bridge between operational and corporate

First-Line or Operational Manager - Directly supervise or coordinate the activities of
employees or a particular department correct answers Levels of managers or management

Informational

Interpersonal - Interactions between persons (Example - Conflict resolver)

Decisional correct answers 3 Basic Roles of the manager

External Environment correct answers Everything outside of the company (Uncontrollable)

Internal Environment correct answers Everything inside of the company (Controllable)

General (Indirect or Lag Effect)

Task or specific (Direct or immediate effect) correct answers Two Parts of the external
environment

Economic

Technology

, Political-Legal (Any federal, state, or local law which affects the business as well as the
various regulatory agencies)

Sociocultural (Any trend in society that impacts its people as well as the influence of
demographics)

International correct answers Components of general environment

Competitors

Customers (Intra - Within the industry) (Inter - Outside the industry)

Suppliers

Strategic Partners (When two companies come together to pursue a venture) correct answers
Components of Task Environment

Organizational Culture correct answers Component of Internal Environment

Organizational Culture correct answers A system of shared identity within the organization.

Sam Walton - Walmart / Wanted to provide a service / Humble

Bill Gates - Microsoft / Kick rival in mouth correct answers Determinants of origin of
organization culture: founder

Stable

Dynamic - Very Competitive / Spend a lot of money of research, development, and
advertising correct answers Environmental Change: Stable and Dynamic

Simple - Wooden Pencil / Not many parts

Complex - Mustang / Many parts correct answers Environmental Complexity: Simple and
Complex

Threat of new entrance

Competitive rivalry

Bargaining power of buyers

Bargaining power of suppliers

Threat of substitute products correct answers 5 competitive forces that affect an environment;
Michael Porter

Boundary Spanners correct answers Employee in the company that has a direct contact with
the customer and or the process

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