Strategic Management Background On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. Firms costs fall as a function of production (downward slope). WebQ. B. in your target market Traditional graphs (bar charts, line graphs, pie charts) help decision makers see patterns and relationships in data contained in typical spreadsheets. A. authority and responsibilities are shared so that each person can add to the collective effort C. Thank her and tell her who authored the report. A. that the control systems support the strategy Which of the following is not a potential source of diseconomies of scale? A. mission These companies follow which organization design thinker from 100 years ago, who said activities that are similar should be the responsibility of one person? Write a review of the demo(s)you view and the trial version of any product(s) you test. C. Stay quiet until they break the silence. Do a financial impact study before taking action. The rate of return that a firm promises to pay its suppliers of capital (debt & equity) to induce them to invest in the firm. Quiz: What Will I Look Like When I'm Older? This refers to the lightweight design and the advanced tech inside. Each team is 3 to 4 people who work independently of other teams, but each team posts weekly to a company blog about what they are doing. -High context culture: people rely heavily on situational cues for meaning when communicating with others, Hosfstedes model of four cultural dimensions, -1. -Youth stage: growth and expansion How can interest groups help their members become informed voters? Management failed to, 1. A. Engineers talk to each other across the organization. Questions and Answers 1. -More economic value than competitors. Why do many interest groups spend their time and money educating citizens on legislative issues and candidates? C. management by objectives, 1. Individualism/collectivism 2. Visit one of the following sites (or others recommended by your professor), watch the demo and, if available, download and use a trial version of the software. Processes that create products What are the 6 areas on the General Environment that should be considered? Dr. Kelly will struggle with the planning cycle that recommends Further suppose that your economist gives you the following demand and supply functions: Demand: QD=452PQ^{D} = 45 - 2PQD=452P B. career orientation Managers encourage, support, and foster talented employees. What are the 4 generic industry structure? -Functional vs dysfunctional: does the culture enhance organizational productivity and performance C. federal regulations, 1. C. planning, organizing, leading, and controlling. Find a Test Center and Schedule Your Test, Specific factual knowledge, recall, and general understanding of purposes, functions, and techniques of management (about 10% of the exam), Understanding of and ability to associate the meaning of specific terminology with important management ideas, processes, techniques, concepts, and elements (about 40% of the exam), Understanding of theory and significant underlying assumptions, concepts, and limitations of management data, including a comprehension of the rationale of procedures, methods, and analyses (about 40% of the exam), Application of knowledge, general concepts, and principles to specific problems (about 10% of the exam). D. Locate the raw materials needed to productions, A. -Open system: continually interacts with its environment C. Identify the impact of design delays Knowledge and Skills Required Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. Industries in which a large number of small or medium-sized firms operate and no small set offirms has dominant market share or creates dominant technologies are called ________ industries. answer choices Planning, directing, organizing and delegating Tableau-available from www.tableausoftware. Workers were concerned the increased efficiency would mean less work and less pay. answer choices True False Question 2 20 seconds Q. The Gilbreths both belonged to the classical school of management, which emphasized increasing B. worker productivity by scientific analysis Domestic U.S. companies conducting a PESTEL analysis consider national growth, employment, inflation, and interest rates. Please upgrade to Cram Premium to create hundreds of folders! XAT January 2013: Verbal and Logical Ability Solved Question Paper. C. Gantt chart, 1. C. bureaucratic, 1. Kim, a manager at a chiropractic office, created 12 goals and objectives for her organization. One of the responsibilities of operations managers is to IMPROVE the efficiency of product development and manufacturing. Develop operational systems 6. WebManagement Test Chapter 1 General Management Test 1 Chapter 1: General Management Test 1 Chapter 4:E risk management test 1 set 4 Business Management 1B Test 1 LU2 (4) Pharm Care/Management Test 4 Set 1 Chapter 1-4 Test Flashcards Management test 1 Chapter 1-4 Management Test 1 Chapter 1-4 by mikedonovan90 , Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. A. division of labor 1.2.4.4 -Project Management Processes - 4 cards. A. planning, organizing, directing, and feedback. Introduction B. planning, hiring, directing, and controlling. Early behaviorism 2. A. Some organizations establish planning committees that intentionally include people from ________ backgrounds to bring ________ perspectives into the planning process. C. Hire the right people to produce the product During a meeting there is a long period of silence. Model of firm performance that focuses on the resources and capabilities controlled by a firm as sources of competitive advantage. B. When the company neglects this to make more money, consumers are quick to criticize. Management activities are often grouped into four categories. B. barriers to entry and new entry threats, buyers' negotiating power Middle Which is not true concerning corporate downsizing? -Audit, Total Quality Management and the Deming philosophy including the PDCA cycle, definition, its two core principles, the RATER scale, quality circles, benchmarking, -Quality should be aimed at the needs of the consumer Would this type of focus and control be a good practice to use in meetings with co-workers around the world? C. Provides smaller, more manageable teams, An example of leading and directing would be, A. -More economic value than competitors. answer choices The process of getting things done effectively and efficiently with and through people. -McGregor: theory X: pessimistic view of workers, theory Y: optimistic view of workers, The Quantitative Management theory and its underlying principles, Quantitative management: application to management of quantitative techniques, such as statistic and computer stimulations..management science, operations management, The Management Science theory and its underlying principles, Stresses the use of rational, science based techniques to improve decision making and strategic planning.scheduling, planning, The Operations Management theory and its underlying principles, Managing the production and delivery of an organizations products or services more effectively, The Systems Viewpoint including the concept of open and closed systems, -Organization as a system of interrelated parts, subsystems, part of the larger environment In order to understand the competitive structure of an industry, analysts use Michael Porter's Five Forces model. C. make workers solely responsible for improving their conditions. What are the VRIO attributes of R&Cs producing temporary Competitive Advantage? -Concurrent: assess current work activities, rules and regulations, ensures to produce correct results B. political, essential, social, technological, ecological, and legal A. C. suppliers' negotiating power, threat from substitutes, and rivalry, A. strategic partnerships, research and development, 1. A. C. set stretch goals for each employee so they'll be motivated to grow, A. jointly agree on goals, so that the employee commits to the goals, Management: Environments and Strategic Manage, CHAPITRE 2 - LES EPITHELIUMS - les pithlium, Environment and strategic management (Busines, Business management (Planning and Mission) Mo, Information Technology Project Management: Providing Measurable Organizational Value, Service Management: Operations, Strategy, and Information Technology, Operations Management: Sustainability and Supply Chain Management, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine. She is not a native English speaker. A. considering alternatives What are the 6 sources of cost advantage? C. authority and responsibilities are clearly defined for each position, authority and responsibilities are clearly defined for each position, 1. However, more advanced virtualization techniques are required to understand Big Data. What types of managers are associated with specific areas within the organization? Planning WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? -Norms: rules of behavior that address such issues as how employees dress and interact, usually found in employee handbook, The four function of organization culture, -Organizational identity, collective commitment, social system stability, sense making device, -Level 1: observable artifacts (enacted culture) C. impersonality, 1. A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. Management function that involves working with and through people -Must provide info about the results of operations and peoples performance, -Physical, HR, informational, financial, structural, cultural, The seven key components of a performance management system, -1. D. Use a pocket dictionary so you can translate words for her, A. A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. Hiring staff to support the holiday rush, An example of managerial organizing would be These include 1. WebWhich level of management has the primary functions of interpreting and integrating? C. Human resources in a company 1. Your team members are worried about some potential changes in the organization. Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? -Organizing: development of resources to achieve strategic goals, -Division of labor, tasks are subdivided into jobs, employees perform specialized tasks, jobs are small but efficient, The chain of command, unity of command and the scalar principle, -Chain of command: line of authority that links all persons in an organization, shows who reports to whom A. Leading. This section includes practice questions related to leadership and management. -Three phases: 1. B. Key results areas 2. WebWhat is management? A robust competitive analysis will allow you to focus on those companies that will compete for customers Which of the following bases of product differentiation is almost always easy to duplicate? This is called Which of the following bases of product differentiation is usually costly to duplicate? Marketing managers B. Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. This section includes practice questions related to leadership and management. Workers were able to eliminate movements in product assembly, making labor more efficient. A study plan and list of online resources. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. We'll bring you back here when you are done. C. code of ethics, 1. A. environmental A. base pay for first-class workers -Maslow's hierarchy of needs: physiological, safelty, social, esteem, self-actualization The skills necessary to accomplish or understand the specific kind of work done in an organization are called what? Middle Which is not true concerning corporate downsizing? -Dimension 2: Person's tolerance for ambiguity(uncertainty), Decision-making styles (directive, analytical, conceptual and behavioral), -Analytical: considers more info and alternatives, high tolerance to ambiguity -Accountability: mechanism through which authority and responsibility are brought into alignment A. vision Your schedule C. in your market, 1. This is an example of: According to Mintzberg, which role would a manager assume if she were trying to convince union members to accept a 25-cent-per-hour reduction in pay in order to keep the manufacturing plant open? B. Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. D. Customers Staff managers (as opposed to line managers) Karen is an HR manager at Blue Cross/Blue Shield. The Bargaining power of the c Part A Minimizing the harm to the employees. Managers pay careful attention to the external environment of the organization: the economy, proposals for laws that would affect profits, stakeholder demands, and consumer and public relations. Knowledge and Skills Required Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. But this leads to excesses like dumping pollutants that damage the community. What should you do? In the S-C-P model, ________ refers to the strategies that firms in an industry implement. Music Taste Quiz: What Is My Music Taste? -Team based: (process) workgroups are used to improve horizontal relations and solve problems throughout the organization Only Project Team. 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. ________ decides how best to attain a company's mission and vision through the coordinated efforts to achieve specific goals and objectives. B. vision But Google still has the basic levels of management, including, top, middle, and first-level management and team leaders, 1. C. 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