Badm 3 - Study guides, Class notes & Summaries

Three Steps in Planning correct answers -determining the organization's mission and goals -formulating strategy -implementing strategy determining the organization's mission and goals correct answers Define the business Establish major goals Formulating Strategy correct answers Analyze current situation and develop strategies Implementing strategy correct answers Allocate resources and responsibilities to achieve strategies Planning correct answers process managers use to id...

Diverse individuals have experienced and continue to experience correct answers unfair treatment in the workplace Glass Ceiling correct answers -the invisible barriers that prevent minorities and women from being promoted to top corporate positions. Who does better better as managers? women or men? correct answers women Equal Pay Act of 1963 correct answers men and women be paid equal Title VII of the Civil Rights Act 1964 correct answers Prohibits discrimination in employment decisi...

management correct answers a process of planning, organizing, decision making, leading, motivating, and supervising people to reach organizational goals efficiently and effectively planning/decision making, organizing, controlling, leading sits atop all core functions of business. efficiently correct answers doing things right (to make optimum use of resources) effectively correct answers doing the right things (to achieve the desired goal) Scientific Management correct answers Ta...

use case: consider a phone system from user view (what are the use cases) correct answers -call someone -receive a call -send a message -memorize a number user POV use case: consider phone from designer view (what are the internal functions) correct answers -transmit/receive data -energy (batter) -user I/O (display, keys...) -phone-book mgmt developer/designer POV What is a system? correct answers -input -output -process Analysis is.. correct answers "to take apart" in...

Low Efficiency/ High Effectiveness correct answers manager chooses the right goals to pursue, but does a poor job of using resources to achieve these goals-> result: a product that customers want, but that is too expensive for them to buy Low Efficiency/ Low Effectiveness correct answers manager chooses wrong goals to pursue and makes poor use of resources --> result: a low-quality product that customers do not want High efficiency/ High effectiveness correct answers o BEST: manager ...

Organizational Conflict correct answers The discord that arises when goals, interests, values, perceptions, or styles of different individuals or groups are incompatible and those people block or thwart each other's efforts to achieve their objectives. Interpersonal Conflict correct answers Conflict between individuals due to differences in their goals or values. Intragroup Conflict correct answers Conflict within a group, team or department Intergroup Conflict correct answers Confli...

Global Environment correct answers The set of global forces and conditions that operates beyond an organization's boundaries but affects a manager's ability to acquire and utilize resources -uncertain and unpredictable -opportunities and threats Global Organization correct answers An organization that operates and competes in more than one country Task Environment correct answers The set of forces and conditions that originates with suppliers, distributors, customers, and competito...

Organizations correct answers collections of people who work together and coordinate their actions to achieve a wide variety of goals or desired future outcomes Management correct answers the planning, organizing, leading, and controlling of human and other resources to achieve organizational goals efficiently and effectively Resources correct answers include assets such as people and their skills, know-how, and experience; machinery Organizational performance correct answers a meas...

ethics correct answers the inner guiding moral principles, values and beliefs that people use to analyze or interpret a situation and then decide what is the right or appropriate way to behave ethical dilemma correct answers the quandry people find themselves in when they have to decide if they should act in a way that might help another person or group and is the right thing to do, even though doing so might go against their own self-interest no correct answers do absolute or indisputable...

BADM 326 – final UPDATED Actual Exam Questions and CORRECT Answers segmented pricing - CORRECT ANSWER- • Pricing based on market segments • Logic is based on differences among buyers on terms of - price sensitivities, costs and competition • Buyers and competition are not likely to be cooperative with your price segmentation efforts • Some forms of segmented pricing may be illegal DQ: Which segments are more price sensitive? - Personal vs. Business Travelers - CORRECT ANSW...