TA MAN3025 Exam Review 1

Sarah must decide whether to sell her company to a large corporation or not. What type of decision is Sarah engaging in?

Tim didn't buy Intel stock when it was cheap because he never invests on Tuesdays. Tim's decision was influenced by ___

Megan's typewriter company only has a small share of a dormant market. According to BCG Matrix, the company is a

Tammy is writing her goals, objectives & strategies for her new business venture. What is this called?

To make a low stakes decision, it is usually best to involve a team.

An important management skill is the ability to manage themselves and their relations effectively. This is know as ____

Alex decides to leave his job but doesn't know where he'll apply to or if he'd get an offer. This decision lacked a(n) _

Disney wants to evaluate the performance of their theme parks vs. shows/movies. A good tool for this is __

Ondrej sets a goal to decrease customer support wait times by 30% at the Tampa office. This is an example of a __

Katie is responsible for recruiting, hiring, and training employees. What type of manager is she?

The Administrative Model of Decision Making is ideal for students seeking to become entrepreneurs.

Smaller companies can take advantage of the concept of the first-mover advantage because they can make faster decisions

Karen creates a list of potential replacements for the HR Director. This reflects what step of rational decision making?

An organization looking to manage a diverse set of businesses should consider using this technique

Big businesses are usually more financially secure and are able to be more innovative than smaller businesses.

Scientific Management focuses on managing the whole organization. Administrative management deals with employees' jobs.

A manager who creates good relationships with people inside and outside of the organization is

The CEO of Exxon announced they will prioritize renewable energy developments. What type of plan is this?

Compared to the rest of the market, Company X is very quick processing medical diagnostic tests. This represents __

Which of the following are steps in the Scientific Method?

How can entrepreneurs identify new markets?

Sarah is a _____ at Starbucks. She oversees the day-to-day operations and hires staff for her store.

Dan's Dentures, through outsourcing, is able to produce dentures at half the cost of their competitors. This represents:

What is Distinctive Competence?

Employees are an organization's backbone.

In this episode of The Office about ______, Pam and Dwight are partaking in _______.

Angela is throwing an office party and needs to decide on the theme. One benefit to a team decision is ___

Which of these elements are part of the entrepreneurship process?

Apple individually solicited feedback from experts about changing its name. What type of team decision method was used?

John created an organization that hosts memorial services for people’s lost pets. What type of business is this?

Steve applies to be a secretary. His resume says he graduated in 1980, he does not get interviews. He is experiencing

James creates a standing plan describing the organization's general response to an event. This is a ___

GE announces a new strategy across their various business units. This is an example of a

The first step of entrepreneurship is building your network.

Sarah doesn't believe in a "one size fits all" approach. She uses different management styles based on context. This is

Kevin has legal property rights to his mom's grooming business. What is Kevin's title in this organization?

Kate's boss thinks she will fail on a big project and then she struggles to complete it. This is known as

Despite good outlook for a hefty ROI, Ray feels unsure of buying expensive but faster forklifts This reflects Ray's ____

Strategy formulation refers to how the goal is achieved