Mg101 exam - Study guides, Class notes & Summaries

MG101 EXAM QUESTIONS WITH 100% CORRECT ANSWERS The management control process involves four steps: - Answer- lish objectives and standards re actual performance re results with objectives and standards corrective action as needed. A cybernetic control system - Answer- is self-contained in its performance-monitoring and correction capabilities. Step 1: Establish objectives and standards - Answer- •Performance objectives should represent key results to be achieved. •Output sta...

MG101 EXAM QUESTIONS WITH ALL CORRECT ANSWERS What goes into distribution decisions? - Answer- anticipate the margin economics, anticipate competitors' reactions, anticipate channel members' reactions, anticipate your own capabilities 2 main problems with distribution decisions - Answer- coordination problems - inventory incentive problems - price vs. volume Economic Value to the Customer (EVC) - Answer- maximum price a customer is willing to pay, based on total life cost, comp...

MG101 Mid Term Exam Questions and Answers All Correct Job satisfaction has a reasonably strait forward relationship with : - Answer- A) intention to stay in the job B) actually staying in the job C) absenteeism D) motivation E) all of the above are correct People with a high need for affiliation tend to not make good managers because they are preoccupied with ______ - Answer- A) initiating personal relationships B) the task at hand C)maintaining persona relationships D) both A and ...

MG101 sample exam questions and answers