GMS 200 – Midterm UPDATED ACTUAL Questions and CORRECT Answers
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Grado
GMS 200
Institución
GMS 200
GMS 200 – Midterm UPDATED ACTUAL
Questions and CORRECT Answers
Ethics - CORRECT ANSWER- code of moral principles that set standards of conduct of
what is good and right
Organizations as open system - CORRECT ANSWER- composed or interrelated parts
that function together
Line Manager - COR...
GMS 200 – Midterm UPDATED ACTUAL
Questions and CORRECT Answers
Ethics - CORRECT ANSWER✔✔- code of moral principles that set standards of conduct of
what is good and right
Organizations as open system - CORRECT ANSWER✔✔- composed or interrelated parts
that function together
Line Manager - CORRECT ANSWER✔✔- Responsible for work activities that directly
affect organization's outputs
Staff Manager - CORRECT ANSWER✔✔- have technical expertise to advise/ support line
workers
Functional Manager - CORRECT ANSWER✔✔- responsible for a single area of activity
General Managers - CORRECT ANSWER✔✔- responsible for activities covering many
functional areas
Adminstrators - CORRECT ANSWER✔✔- managers who work in public/ non-profit
organizations
General Environment - CORRECT ANSWER✔✔- consists of all the background conditions
in the external environment of an organization
Economic Conditions - CORRECT 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 - CORRECT 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 - CORRECT ANSWER✔✔- is the deliberate blockage and denial of
public access to information posted on the Internet
Technological Conditions - CORRECT 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 - CORRECT 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 - CORRECT ANSWER✔✔- consists of all the actual organizations,
groups, and persons with whom an organization interacts and conducts business.
Stakeholders - CORRECT ANSWER✔✔- the persons, groups, and institutions who are
affected by the organization's performance
Competitive Advantage - CORRECT 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 - CORRECT ANSWER✔✔- operating with lower costs than one's competitors and thus
earning profits with prices that competitors have difficulty matching
Quality - CORRECT ANSWER✔✔- creating products and services that are demonstrably
higher quality for customers than what is being offered by the competition
Delivery - CORRECT ANSWER✔✔- outperforming competitors by delivering products and
services to customers faster and on-time, while continuing to develop timely new products
Flexibility - CORRECT ANSWER✔✔- adjusting and tailoring products and services to fit
customer needs in ways that are difficult for competitors to match
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