C. setting an attainable goal, A. measuring the past and not planning for future growth, 1. C. Only the managers. Goals 4. B. economic Our online risk management trivia quizzes can be adapted to suit your requirements for taking some of the top risk management quizzes. answer choices The process of getting things done effectively and efficiently with and through people. Guide to understanding how CLEP scores are calculated and credit-granting recommendations for all exams. Would this type of focus and control be a good practice to use in meetings with co-workers around the world? D. Leave the meeting so they can talk privately. -Mayo: Hawthorne effect, The Human Relationship Movement and the significance of the findings of Maslow (his hierarchy of needs) and McGregor (Theory X versus Theory Y), -Human relations movement: proposed that better human relations could increase worker productivity The threat of direct competition tends to be high when. A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. Suppose that you are the vice president of operations of a manufacturing firm that sells an industrial lubricant in a competitive market. The training, experience, judgment, intelligence, relationships and insight of individual managersand workers in a firm are examples of, The VRIO assumption that some of the resource and capability differences among firms may belong lasting because it may be very costly for firms without certain resources and capabilities todevelop or acquire them is known as, Resources and capabilities, such as interpersonal relations among managers and a firm's culture,that may be costly to imitate because they are beyond the ability of firms to systematically manageand influence are referred to as, To the extent that a firm's resources and capabilities enhance a firm's competitive position byenabling a firm to exploit its opportunities or neutralize its threats, these resources and capabilitiesare valuable and are known as, Resources that generate a temporary competitive advantage are. To use resources (people, money, raw materials) wisely and cost effectively. Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? D. Locate the raw materials needed to productions, A. B. substitute products Which of the following bases of product differentiation attempts to create the perception that afirm's products or services are unusually valuable by focusing on links within and between firms? C. a clear mission, 1. Finances D. Ignore the problem until someone reports it. 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. C. Keeping the layoff news out of the newspaper. Many companies are organized along functional lines. This is Apple's A. jointly agree on goals, so that the employee commits to the goals 1-5 Mid-term Exam. Which is an advantage of a tall organizational structure? The primary mechanism for coordinating and focusing staff is C. barriers to entry, 1. The best example of a firm following a cost-leadership business strategy is. However, she has no marketing goal or patient referral projections for the future. -Team based: (process) workgroups are used to improve horizontal relations and solve problems throughout the organization A. Humanistic 1. B. Administering rewards, Barriers to effective control systems including goal displacement, suboptimization, measurementship and falsifying, -Goal displacement: lack of goal congruence created by the motivation to achieve some goals sought by the organization at the expense of other intended goals Your schedule C. Thank the person for giving you their card. When the company neglects this to make more money, consumers are quick to criticize. Questions on the exam require you to demonstrate knowledge of management functions and techniques, and ability to associate the meaning of specific terminology with important management ideas, processes, and techniques. valuable and rare but not costly to imitate. A. WebWhich level of management has the primary functions of interpreting and integrating? Leading. B. make manual labor run more efficiently The skills necessary to accomplish or understand the specific kind of work done in an organization are called what? She took a goal-setting class and created seven goals for her organization and managers. Dr. Kelly will struggle with the planning cycle that recommends The advertisements for the Apple MacBook show an edge-on image of a MacBook with the caption "MacBook: Light. Thank her and take credit for the report. The managers most involved in these activities are, 1. Through which bases of competitive advantage do firms attempt to alter the perceptions of currentand potential customers, whether or not specific attributes of a firm's products or services arealtered? C. planning, organizing, leading, and controlling. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. Power distance-how much do people accept inequality in power 3. 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 , -Two core principles: people orientation, improvement orientation C. Insurance. What are the 6 sources of cost advantage? Max Weber believed that management should be separate from ownership and managers should be protected from arbitrary dismissal. A. C. Provides smaller, more manageable teams, An example of leading and directing would be, A. Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. C. in your market, 1. -Maturity stage: becomes very bureaucratic, large, and mechanistic, pyramid of organizational development tasks, -Pyramid: 1.business foundation 2. In order to understand the competitive structure of an industry, analysts use Michael Porter's Five Forces model. D. All stakeholders except clients. WebManagement Flashcards. Planning can delay or prevent action. A. C. negotiator, 1. These are. What are 3 strategic responses a firm can make to their competitors? A. -Non-programmed (nonrational) decisions: unique, poorly defined and unstructed, important consequences, The different decision-making environments (certainty, risk, uncertainty and ambiguity), -Certainty: all the info is fully available Some organizations establish planning committees that intentionally include people from ________ backgrounds to bring ________ perspectives into the planning process. C. fixed salaries, 1. 1.2.4.4 -Project Management Processes - 4 cards. C. Have the best product prices The process of delegating instruction without consent of the employees Question 8 30 seconds Q. Management is the act of getting people together to pursue their goals, including planning, organizing, processing, and controlling. Do things right. A. sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives. Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. WebManagement. com (if you click on learning you can choose between an "on-demand" product demo or you can schedule a "live" demo). Taylor said managers had responsibilities such as Then explain one harm associated with both expected and unexpected inflation. -E-commerce: buying and selling of products and services through computer networks over long distances, -Ethnocentrism: belief that their own nation or country is best If so, try out our well-researched quiz. B. B. a core competency -Juran and Deming: u of m alum 1904-2008, Carlson school hosts Juran center for quality and leadership founded with help of Dr. Juran, The concept of the Learning Organization and its importance, -Organization that actively creates, acquires, and transfers knowledge within itself and is able to modify its behavior to reflect new knowledge The company could lose a large amount of money if customers find out about the problem. Find out how you can intelligently organize your Flashcards. Efficiency. 1. What does "death by planning" mean? Integrated Management Of Childhood Illness (Imci) Quiz. B. career orientation The exam contains approximately 100 questions to be answered in 90 minutes. The Bargaining power of the c Part A Which of the following attributes makes suppliers a stronger threat? C. planning, organizing, leading, and controlling. WebThe exam contains approximately 100 questions to be answered in 90 minutes. A company wishes to convince customers that its product or service provides more value to them than a competitor's product or service. C. Tasks and responsibilities are shared within teams. Introducing Cram Folders! Develop products and services 4. C. Thank her and tell her who authored the report. A. 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. Effectiveness. Jim Roth, dell worker, related to his factory team by doing what? C. competitive analysis, 1. WebWho should be involved in Risk Management activities? Behavioral science, Early behaviorism, Hugo Munsterberg and the concepts underlying Industrial Psychology, -Munsterberg: father of industrial psychology What are the 4 indicators of barriers to entry? The pursuit of organization goals efficiently and effectively by integrating the work of people though planning, organizing, leading, and controlling resources, Planning, organizing, controlling, leading, The concept of organizational performance including efficiency and effectiveness and the difference between the two, -Efficiency: use of minimal resources to produce the desired volume output, The seven challenges to being an exceptional manager, competitive advantage, diversity, globalization, information technology, ethical standards, sustainability, own happiness and life goals, The difference in managerial requirements at different levels within the organizational hierarchy, -First line managers: production, sales, accounting supervisor (functional head), The concept of transition management for the manager and the three critical dimensions that a person must manage effectively to be successful at a given level of the organizational hierarchy, change in role concept, change in skills possessed, change the individuals psychology, The three categories of leadership roles and the roles within each category and their meaning, -Interpersonal: interact with people outside their work units, The four levels of skills plus transition management skills that managers must develop over their careers in order to be effective from the bottom to the top levels of the organization, Core management, operational management (day to day), organizational management (multilevel), organizational development. Plus one for every level: transition management, The transition in management skill emphasis as one progresses upwards in management, knowing how to transition to the next step in managing, The concept of evidence based management (Pfeffer and Sutton), Evidence based management: translating principles based on best evidence into organizational practice, bringing rationality to the decision making process, The two overarching perspectives about management, -Historical: classical, behavioral, quantitative B. Speak slower than normal and listen carefully. -Suboptimization: occurs when the performance of an organizational subunit is optimized at the expense of the organization as a whole These are aspects of which macro term? Managers encourage, support, and foster talented employees. Customers demonstrate a preference for the firms offerings. What is the four functions of management? C. Determine the financial impact before taking action. C. Do the right thing. Apple's current vision statement was introduced by CEO Tim Cook, who stated, "We believe that we are on the face of the earth to make great products." Productivity A motivation for scientific management, which uses time and motion studies and work standardizations, is to: What is the difference between algorithms and heuristics? What types of managers are associated with specific areas within the organization? Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. D. Money, 0. -Divisional: people with diverse occupational specialties are put together in formal groups by similar products, customers, or geographic regions, Organization structure: matrix, team-based, net work and modular, -Matrix: organization combines functional and divisional chains of command in a grid so that there are two command structures-vertical and horizontal Customers demonstrate a preference for the firms offerings. C. Stay quiet until they break the silence, 3. strategic management process), Strategy as an evolving process, responsive to changing conditions and new information, Earning a return in excess of the cost of capital. Spotfire-available from www.spotfire.tibco.com (a number of demos are available to view, and you can download a trial version). Name at least three goods that could be bought as complements to hamburgers. Manage the actions of each of their staff members Whether due to haste or design, the new laws are marked by vagueness, leaving officials all down the organisation's bureaucratic chain great latitude in enforcing them. Milton Friedman, a famous economist, argued that the only responsibility of company is to increase profits within the rules. Porter's model includes all of the following EXCEPT: Method of measurement 5. Web1. https://quizlet.com/290806747/stress-management-test-1-flash-cards/ Health And Wellness Stress Management Flashcards Quizlet (RUN!) can increase the firms cost of developing its products or services - specifically by either charging a higher price or providing a lower quality, can decrease the price a firm is able to charge for its product or service, Meet approximately the same needs but do so in a different manner place a ceiling on the price a firm can charge for its products or services, The intensity of competition among the firms competitors often results in a reduction of price a firm can charge for its product or service. A. C. Planners rarely know what they are doing. One of his rules was that Questions and Answers 1. Quiz: Are You A Lion, A Tiger, Or A Bear? Solve the problem without assigning blame. When customers perceive the product differentiation as valuable, they will prefer to purchase the business's product over a competitor's products. A. generic product Which of the following bases of product differentiation is almost always easy to duplicate? -Responsibility: duty to perform the task or activity the employee has been assigned -Feedback: organizations outputs, post actions, output control, The three tasks of performance management systems, -Must be able to influence people decisions and actions in an appropriate direction 1. Assume an income tax rate of 25%. answer choices Legal Financial Historical All the above Question 3 10 seconds Q. The percentages next to the main topics indicate the approximate percentage of exam questions on that topic. Provides more opportunities for advancement B. C. an intangible resource, 1. 1. -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 WebWho should be involved in Risk Management activities? Minimizing the harm to the employees. This is Google's Kelly has experience and knows there is only one way to run her businessfull steam ahead! B. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. Operations management is the management of: C. federal regulations, 1. 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. A. plans, which can direct everyone's actions toward desired outcomes Introducing Cram Folders! Only Project Manager. C. No, it is best to make adjustments for other cultures. Johnson & Johnson was found guilty of misrepresenting a hip-replacement device. What are the 6 areas on the General Environment that should be considered? C. planning, organizing, leading, and controlling. Management activities are often grouped into four categories. You will also be required to apply knowledge, general concepts, and principles to specific problems. B. clear and coherent manner A. planning, organizing, directing, and feedback. A. environmental XAT January 2013: Verbal and Logical Ability Solved Question Paper. -Accountability: mechanism through which authority and responsibility are brought into alignment Firm profitability is driven by the structure of assets within the firm two assumptions of RBV: Tangible and intangible assets that a firm controls to implement strategy, Plant, Equipment, Natural Resources, IT, etc, Training, intelligence, insight of individuals. A. once-a-year process If you are in the management field and looking for a well-researched 'Introduction to Management' practice quiz with answers, you've reached the right place. If so, try out our well-researched quiz. -PDCA cycle: plan, do, check, act answer choices The process of getting things done effectively and efficiently with and through people. Interrupt her to ask for clarification. Some of these are pretest questions that will not be scored. Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. Financial strength can be a competitive advantage. Companies strive to provide a product or service that is distinct, or ________, in some way from their competitors. The food truck industry would benefit if there were ________, such as required and restricted licenses. B. setting too many goals and objectives Add to folder Competitive Advantage. C. Empowerment -Intuition model: making a choice without the use of conscious thought or logical inference, -Case reality, problem/question, conceptual model, solution, Two dimensions of the personal decision framework, -Dimension 1: reflects the extent to which a person focuses on either task and technical concerns or people and social concerns when making decisions Pretax accounting income for 2021 was$50 million. WebQ. Strategic management C. Hire the right people to produce the product A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. The general environment analysis considers broad societal dimensions influencing the industry or firms within it. WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. Only Project Team. C. Management -Quality assurance: performance of workers, urging employees to strive for zero defects, -TQM: comprehensive approach-led by top management and supported throughout the organization-dedicated to continuous quality improvement, training, and customer satisfaction B. -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 Questions and Answers 1. C. Try and find out who caused the problem. Which of the following is needed to help accomplish this task? A. separated, 1. A. -Contemporary: systems, contingency, quality-management, Emphasis on ways to manage work more efficiently, The definition of Scientific Management, its underlying principles, Taylor & Gilbreths, -Scientific management: emphasized scientific study of work methods to improve productivity of individual workers C. Training opportunities WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? -Fayol: French engineer and industrialist, first to identify major functions of management, Bureaucracy: Max Weber believed: rational, efficient, ideal organization based on the principles of logic, The Classical viewpoint and the problem with it and why it is important, -Problem: mechanistic, tends to view humans as cogs within a machine A. differentiated Objectives 3. Whatskills refer to the manager's ability to prioritize work, to work efficiently, and to delegate appropriately? -Conceptual: broad perspective, consider many options, high tolerance to ambiguity -Must coordinate the efforts of diverse parts of an organization C. commodity, 1. These are. In the food truck industry, for example, it is easy for new firms to enter and compete. Focus on providing accurate and timely information to them as you get it. WebStudy with Quizlet and memorize flashcards containing terms like The definition of management, The four key management responsibilities, The concept of organizational performance including efficiency and effectiveness and Which of the following bases of product differentiation is usually costly to duplicate? Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. D. All stakeholders except clients. B. resource allocator Marketing managers B. D. Equipment upgrades, 19. Staff managers (as opposed to line managers) Karen is an HR manager at Blue Cross/Blue Shield. A. base pay for first-class workers Employees Planning is a 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. Solve the problem without assigning blame, 8. Supply: QS=15+PQ^{S} = -15 + PQS=15+P. https://quizlet.com/290806747/stress-management-test-1-flash-cards/ Health And Wellness Stress Management Flashcards Quizlet (RUN!) Identify and define market 3. B. in your target market If so, try out our well-researched quiz. Management by objectives is Peter Drucker's version of goal setting. You manage a department with ten employees. Workers were able to eliminate movements in product assembly, making labor more efficient. WebManagement. The managers who focus in this area are. Do You Know How To Survive In The Wild? Ask your manager to solve the problem. Salary -Study jobs and determine which people are best suited to specific jobs, identify psychological conditions under which employees do their best work, devise management strategies to influence employees to follow management interests, Early behaviorism, Mary Parker Follett and her primary philosophies, -Follett: social worker and social philosopher C. Mary Parker Follett, 1. Music Taste Quiz: What Is My Music Taste? ________ decides how best to attain a company's mission and vision through the coordinated efforts to achieve specific goals and objectives. Marketing managers B. A. WebManagement function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. B. Effectiveness. Your team members are worried about some potential changes in the organization. A firm's marketing skills and teamwork as well as its cooperation among managers are examples of, Actions that firms take to gain competitive advantage in a single market or industry are known as. To use resources (people, money, raw materials) wisely and cost effectively. Middle Which is not true concerning corporate downsizing? You meet a new employee who has recently transferred to your office from China. WebDefine the Strategic Management Process & Identify the Stages. Order to understand the competitive structure of an industry, for example, it is best to make more,... Easy for new firms to enter and compete online, test your knowledge with management quiz.!, so that the employee commits to the manager 's Ability to work. Use in meetings with co-workers around the world Ignore the problem power 3 quiz questions tasks, -Pyramid: foundation... 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