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MGMT 3000 Exam One Questions and Answers | Latest Update | 2024/2025 | Already Passed
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MGMT 3000 Exam One Questions and Answers | Latest Update | 2024/2025 | Already Passed What is the difference between transactional and transformational leadership? Transactional leadership focuses on routine tasks and rewards, while transformational leadership inspires and motivates for c...

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  • September 3, 2024
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  • 2024/2025
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MGMT 3000 Exam One Questions and
Answers | Latest Update | 2024/2025 |
Already Passed
What is the difference between transactional and transformational leadership?


✔✔ Transactional leadership focuses on routine tasks and rewards, while transformational

leadership inspires and motivates for change.




How does goal-setting influence employee motivation?


✔✔ It provides clear objectives and direction, enhancing focus and commitment.




What is the role of human resource management in achieving organizational success?


✔✔ To recruit, develop, and retain talent, ensuring the organization has the necessary skills and

capabilities.




How can managers use performance appraisals to improve employee performance?


✔✔ By evaluating performance, providing feedback, and setting goals for development.




What is the importance of organizational culture in management?


1

,✔✔ It shapes the work environment and influences employee behavior and satisfaction.




How does conflict resolution contribute to a productive work environment?


✔✔ By addressing and resolving disputes, it reduces tension and maintains team cohesion.




What is the purpose of strategic planning in management?


✔✔ To set long-term goals and develop plans to achieve them, aligning resources and efforts

with the organization's vision.




How can managers use financial reports to make informed decisions?


✔✔ By analyzing financial data to assess performance and guide budgeting and investment

choices.




What is the significance of stakeholder management in achieving business objectives?


✔✔ It involves addressing the needs and expectations of stakeholders to gain their support and

ensure project success.




How does innovation management support organizational growth?



2

,✔✔ By fostering new ideas and technologies, it drives improvements and competitive advantage.




What is the primary function of management in an organization?


✔✔ To plan, organize, lead, and control resources to achieve organizational goals.




How does the planning function of management contribute to success?


✔✔ It involves setting objectives and determining the best course of action to achieve them.




What are the key components of the organizing function in management?


✔✔ Defining roles, allocating resources, and establishing relationships to achieve objectives.




How does effective leadership influence team performance?


✔✔ By motivating, guiding, and supporting team members to work towards common goals.




What is the purpose of controlling in the management process?


✔✔ To monitor performance, compare it to goals, and make necessary adjustments to stay on

track.




3

, How can managers use communication to improve team effectiveness?


✔✔ By clearly conveying expectations, providing feedback, and facilitating open dialogue.




What is the role of decision-making in management?


✔✔ To choose among alternatives to solve problems and achieve organizational objectives.




How does time management contribute to effective management?


✔✔ It helps prioritize tasks, allocate time efficiently, and increase productivity.




What is the significance of organizational structure in management?


✔✔ It defines the hierarchy and roles within the organization, clarifying reporting relationships

and responsibilities.




How does delegation impact managerial effectiveness?


✔✔ It allows managers to distribute tasks, empower employees, and focus on higher-level

responsibilities.




4

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