Mgt final exam Study guides, Class notes & Summaries

MGT 6311 - Final Exam with 100% Correct Answers 2023

MGT 6311 Final Exam | 66 Questions with Answers verifed by expert

MGT Final Exam Questions and Answers Teams Vs Groups - Answer-Groups: Primary purpose: Share information, Random skills, Not responsible for collective effort, individual contributions can be added up Teams: Interdependent: must interact to create something Complementary skills, Committed to a common purpose & goals, Synergistic effect: the team produces something beyond the sum of individual member contributions 5 Stage of Team Development - Answer-1. Forming- unclear, guiding/direction ...

Mega Co. contracts with Service Co. to manufacture 100 custom service trucks, to be delivered in ten months. One month after making the contract, Mega Co. learns that its supplies will cost double what it expected. Thus, Mega Co. will lose $800,000 if it performs the contract with Service Co. Mega Co. advises Service Co. that it will not perform under the contract. This is called ______. correct answers Anticipatory repundiation The ___________ establishes a deadline by which a party must sue...

OMGT Final Exam Multiple Choice 2023/2024 GRADED A LATEST VERSION Which of the following statements about functional strategy is BEST? A) Functional strategies are not impacted by the mission statement; instead they are impacted by the overall business strategy. B) Functional strategies determine the overall business strategy. C) Many functional-level strategies could readily be described as cross-functional. D) A firm's operations and supply chain strategy is more important than their...

IMGT FINAL EXAM PREP 2024 QUESTIONS WITH ALL PASSED SOLUTIONS!!

Bull whip Effect - ANSWER: Product shortages or overstocks that increase in severity as one moves up the supply chain an away from the customer Major cause of Bull whip effect: - ANSWER: - Demand Forecast Updating - Order batching - Price Fluctuation - Rationing and Storage Gaming Demand Forecast Updating - ANSWER: Manipulation of the actual demand to accommodate future demand and safety stock for lead times Order batching - ANSWER: Done to reduce the amount of orders and increa...

MGT Final Exam Questions and Answers Teams Vs Groups - Answer-Groups: Primary purpose: Share information, Random skills, Not responsible for collective effort, individual contributions can be added up Teams: Interdependent: must interact to create something Complementary skills, Committed to a common purpose & goals, Synergistic effect: the team produces something beyond the sum of individual member contributions 5 Stage of Team Development - Answer-1. Forming- unclear, guiding/direction ...