Mgmt 3000 guhde exam 2 Study guides, Class notes & Summaries
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MGMT 3000 Guhde Exam 2 Study Questions and Answers Graded A 2024
- Exam (elaborations) • 24 pages • 2024
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entrepreneurship (4) - 1. process of *initiating* a business venture 
2. organizing the necessary *resources* 
3. assuming the associated *risks* 
4. enjoying the *rewards* 
 
how many employees do most small businesses have? - none 
 
5 types of small business owners - 1. idealists 
2. optimizers 
3. hard workers 
4. jugglers 
5. sustainers 
 
idealists - rewarded by chance to work on something new and creative 
 
optimizers - get personal satisfaction from being business owners 
 
hard workers...
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MGMT 3000 Guhde Exam 2 Questions and Answers | Latest Update | 2024/2025 | Graded A+
- Exam (elaborations) • 42 pages • 2024
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MGMT 3000 Guhde Exam 2 Questions 
and Answers | Latest Update | 2024/2025 
| Graded A+ 
What is the role of organizational design in management? 
 It involves structuring the organization to achieve its goals effectively. 
How does decentralization impact decision-making? 
 It empowers lower-level managers to make decisions, promoting agility and responsiveness. 
What is the primary goal of job specialization? 
 To increase efficiency by allowing employees to focus on a specific set of tasks. 
H...
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