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Exam (elaborations)

Busm Questions With Solutions

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Busm Questions With Solutions According to the principles of scientific management, the best way to improve productivity is to: use time-motion studies to find the best method of doing each job, then teach those methods to employees The business philosophy of "produce as much as you can beca...

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  • October 19, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUSM
  • BUSM
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UpperClass
Busm Questions With Solutions

According to the principles of scientific management, the best way to improve productivity is to:

use time-motion studies to find the best method of doing each job, then teach those

methods to employees




The business philosophy of "produce as much as you can because there is a limitless market" is

consistent with which of the following marketing eras? Production Era




Management is more progressive today. There is more emphasis on: Working in Teams




__________ is the art of utilizing organizational resources to accomplish goals at work.

Management




___________ is the management function that involves setting goals, strategies, and tactics for

achieving the organization's goals and objectives. Planning




Marketers define a ________ as any physical good, service, or idea that satisfies a want or need.

Product

, Busm Questions With Solutions
A firm's marketing mix refers to the combination of: strategies regarding product, price,

place, and promotion.




The personal satisfaction people feel when they have done a job well is a(n) __________ reward.

Intrinsic




Dividing tasks into smaller jobs is called: Job Specialization




The significant increase in consumer demand following World War II marked the beginning of

the: Marketing concept era




The concept of ____________ suggests that as a firm produces more, the average cost of goods

produced goes down. Economies of scale




The findings of the Hawthorne studies led researchers to look more closely at how

____________ could lead to better productivity The human side of motivation




While the four Ps help us remember the basics components of the _________, they don't have

significant relevance in the marketing process. Marketing Mix

, Busm Questions With Solutions

The best product development strategy for most firms is to: constantly monitor consumer

wants and needs and be willing to develop new products and adapt policies and services as those

consumer needs begin to change.




Rewards that come from someone else in recognition of good work are _________ rewards.

extrinsic




As a manager, two of Sylvia's strengths are her ability to communicate goals clearly, and her

ability to guide, coach, and motivate workers. Based on these strengths, __________ is a

management function that Sylvia is likely to be good at performing. Leading




__________ goods appeal to consumers who are willing to make an extra shopping effort to

acquire them. Specialty




One of the key functions of human resource management is: Recruiting




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