MAN 3025 exam 2 FGCU Actual Exam Questions and CORRECT Answers GRADED A+
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MAN 3025 2 FGCU ActuaL
Institution
MAN 3025 2 FGCU ActuaL
MAN 3025 exam 2 FGCU Actual Exam Questions and
CORRECT Answers GRADED A+
CHAPTER 1
360 degree assessment - ANS-employees are appraised not only by
their managerial superiors but also by peers, subordinates, and
sometimes clients
Adverse impact - ANS-when a seemingly neutral employment prac...
MAN 3025 exam 2 FGCU Actual Exam Questions and
CORRECT Answers GRADED A+
CHAPTER 1
360 degree assessment - ANS-employees are appraised not only by
their managerial superiors but also by peers, subordinates, and
sometimes clients
Adverse impact - ANS-when a seemingly neutral employment practice
has a disproportionately negative effect on a protected group
Affirmative action - ANS-A policy designed to redress past
discrimination against women and minority groups through measures
to improve their economic and educational opportunities
Arbitration - ANS-settling a dispute by agreeing to accept the decision
of an impartial outsider
Assessment center - ANS-a wide variety of specific selection programs
that use multiple selection methods to rate applicants or job
incumbents on their management potential
Base pay - ANS-consists of the basic wage or salary paid employees in
exchange for doing their jobs
Behavioral description interview - ANS-the interviewer explores what
applicants have actually done in the past
Behaviorally anchored rating scale - ANS-uses specific descriptions of
actual behaviors to rate various levels of performance
,Benefits - ANS-Compensation in forms other than direct payment
Bullying - ANS-Repeated, systematic efforts to inflict harm through
physical, verbal, or social attack on a weaker person.
Collective bargaining - ANS-Process by which a union representing a
group of workers negotiates with
BCG Matrix - ANS-is a corporate planning tool, which is used to portray
firm's brand portfolio or SBUs on a quadrant along relative market
share axis (horizontal axis) and speed of market growth (vertical axis)
axis
Benchmarking - ANS-a process by which a company compares its
performance with that of high-performing organizations
Blue Ocean Strategy - ANS-An approach where firms seek to create and
compete in uncontested "blue ocean" market spaces, rather than
competing in spaces and ways that have attracted many, similar rivals.
Competitive intelligence - ANS-gaining information about one's
competitors' activities so that you can anticipate their moves and react
appropriately
Contingency planning - ANS-Planning for unexpected events, usually
involving a range of scenarios and assumptions that differ from the
assumptions behind the core plans.
Cost-focus strategy - ANS-keep the costs of a product below those of
competitors and to target a narrow market
, Cost leadership strategy - ANS-keep the costs, and hence prices, of a
product or service below those of competitors and to target a wide
market
Current reality assessment - ANS-to look at where the organization
stands and see what is working and what could be different so as to
maximize efficiency and effectiveness in achieving the organization's
mission
Defensive strategy - ANS-a social responsiveness strategy in which a
company admits responsibility for a problem but does the least
required to meet societal expectations
Differentiation strategy - ANS-Distinguishing an organization's products
from the products of competitors on dimensions such as product
design, quality, or after-sales service.
Diversification - ANS-a strategy of increasing sales by introducing new
products into new markets
Environmental scanning - ANS-collection and interpretation of
information about forces, events, and relationships in the external
environment that may affect the future of the organization or the
implementation of the marketing plan
Execution - ANS-the way something is done
Focused differentiation strategy - ANS-same as the differentiation
strategy except with a narrow focus on a niche market
Forecast - ANS-to predict
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