Rutgers Intro to Management Hubbard Midterm Exam with Guaranteed Accurate Answers

-Serve the needs of society for goods and services -To use resources productively in creating value for customers, employees, and shareholders -To create jobs and to be good citizens in the communities they serve - correct answer Why do businesses exist? Adam Smith, Frederick Taylor, Gilbreaths - correct answer Who was part of Scientific Management Theory Job Specialization/Division of Labor - correct answer What did Adam Smith believe in? -Study the Work, experiment with improvements -Codify the best methods for doing the work -Hire/Align worker skills with the jobs to be done -Provide fair pay and incentives - correct answer What were Frederick Taylor's 4 principles to increase efficiency? -Analyze all tasks, break into components -Find better ways to perform each component -Reorganize each component so overall more efficient - correct answer What were Gilbreath's 3 steps? Max Weber and Henri Fayoli - correct answer Who was part of Administrative Management Theory? 5 principles of bureaucracy to ensure efficiency and effectiveness. Describes a formal system of organization and administration. - correct answer Max Weber's theory 14 principles of efficiency - correct answer Henry Fayoli's theory Mary Parker Follet, Elton Mayo, Douglas McGregor - correct answer Who were proponents of behavioral management theory? Emphasized the human side of management. - correct answer Mary Parker Follet -Hawthorne Studies showed that performance of employees is influenced by their surroundings -Birth of HR movement - correct answer Elton Mayo Douglas Mcgregor: People are inherently lazy - correct answer Theory X Douglas Mcgregor: Workers are motivated - correct answer Theory Y Quantitative Operations Management Total Quantity Management Management Information Systems - correct answer Management Science Theory uses math and models - correct answer Quantitative Management Specialized techniques for optimizing production systems - correct answer Operations Management Integrated Process Management Measurement and evaluation - correct answer Total Quantity Management Provides easy access to external and internal data to enhance decision making - correct answer Management Information Systems No one best way to organize Rapidly changing environment=>organic structure Stable environment=>organic structure - correct answer Contingency Theory -Dere