Exam (elaborations)
GMS 200 – Midterm Exam Questions and Answers
- Course
- Institution
GMS 200 – Midterm Exam Questions and Answers
[Show more]
Content preview
GMS 200 – Midterm Exam Questions andAnswers
Ethics - Answer -code of moral principles that set standards of conduct of what is good
and right
Organizations as open system - Answer -composed or interrelated parts that function
together
Line Manager - Answer -Responsible for work activities that directly affect organization's
outputs
Staff Manager - Answer -have technical expertise to advise/ support line workers
Functional Manager - Answer -responsible for a single area of activity
General Managers - Answer -responsible for activities covering many functional areas
Adminstrators - Answer -managers who work in public/ non-profit organizations
General Environment - Answer -consists of all the background conditions in the external
environment of an organization
Economic Conditions - Answer -the economic conditions of the general environment
details the health of the economy in terms of inflation, income levels, GDP,
unemployment, and job out-look.
Legal-Political Conditions - Answer -by staying abreast of the legal-political conditions of
the general environment, managers are aware of the prevailing philosophy and
objectives of the political party or parties running the government, as well as laws and
government regulations.
Internet Censorship - Answer -is the deliberate blockage and denial of public access to
information posted on the Internet
, Technological Conditions - Answer -with the development and availability of new
technologies in the general environment, managers need to constantly monitor how
these advances affect the work being done by employees.
Socio-cultural Conditions - Answer -changes in the norms, customs, and social values
on such matters as human rights, ethics, gender roles, and life styles, along with
environmental trends in education and related social institutions, as well as
demographic patterns all will affect how organizations are managed.
Specific Environment - Answer -consists of all the actual organizations, groups, and
persons with whom an organization interacts and conducts business.
Stakeholders - Answer -the persons, groups, and institutions who are affected by the
organization's performance
Competitive Advantage - Answer -refers to a core competency that clearly sets and
organization apart from competitors and gives it an advantage over them in the
marketplace
Cost - Answer -operating with lower costs than one's competitors and thus earning
profits with prices that competitors have difficulty matching
Quality - Answer -creating products and services that are demonstrably higher quality
for customers than what is being offered by the competition
Delivery - Answer -outperforming competitors by delivering products and services to
customers faster and on-time, while continuing to develop timely new products
Flexibility - Answer -adjusting and tailoring products and services to fit customer needs
in ways that are difficult for competitors to match
Strategic Positioning - Answer -occurs when an organization does different things or the
same thing in different ways from its major competitors
Environmental Uncertainty - Answer -means that there is a lack of complete information
regarding what exists and what developments may occur in the external environment
Planning - Answer -set performance objectives & deciding how to achieve them
Organizing - Answer -arranging tasks, people & other resources to accomplish the work
Leading - Answer -inspiring people to work hard to achieve high performance
Controlling - Answer -measuring performance & taking action to ensure desired results
Human Skills - Answer -ability to work well in cooperation with other people
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 or Stuvia-credit 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 millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now