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MGT 201 Final Exam
Important traits for successful managers are
Core competency is
MGT 201 Final Exam
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1
Core competency is
What a firm does consistently
What a firm does well
What a firm creates as goals
what a firm strives for
2
Important traits for successful managers are
Industriousness
Ability to get along with people
all of the above
Integrity
3
Hypothetical questions require an applicant to
give a detailed response
all of the above
give a limited response often a yes or no answer
describe what that person would do and say in a given situation
4
The three skills needed in order to be an effective administrator are
Technical, human & communication, conceptual/decision-making
Knowledge, integrity, and competitive nature
Human, Financial, and physical resources
all of the above
5
The selection process includes all of the following except:
screening interviews
testing
terminating
background check
6
This type of person commonly starts a new small business venture
Intrapreneur
Interpreneur
Entrepreneur
Extrapreneur
7
These types of questions often only require a yes or no answer from the applicant
Hypothetical
Open-ended
Preformatted
Closed-end
8
This process involves everyone in the organization focusing on the customer to continually improve product value
TQN
TQM
TQS
TQA
9
The degree in which the employee has discretion to make decisions in planning, organizing, and controlling the task
Autonomy
Extent
Feedback
Task significance
10
The process of developing a mission and long-range objectives and determining how they will be accomplished
Long term accomplishments
Strategic planning
Competitive solution
Rivalry
11
This has changed the speed and the way organizations conduct and transact business
Translations
Technology
Literature
Job growth
12
The internal environment factors in a SWOT analysis for strengths and weaknesses include all of the following EXCEPT
Management
Economy
Structure
Mission
13
Who is it that has a major effect on the organization's performance through purchasing of products
Managers
Customers
Stakeholders
Employees
14
This is considered the foundation of an organization
The mission
Competition analysis
Environment effect
Goal Planning
15
The process of assigning responsibility and authority for accomplishing objectives is
Flexibility
Balanced responsibility
Authority
Delegation
16
With this strategy, the organization goes into a related or unrelated line of products
Concentration
Diversification
Integration
None of the above
17
This decision-making style likes to make quick decisions without taking time to get all the information needed
Reflexive Style
Decisive Style
Reflective Style
Consistent Style
18
The types of change in business are
Strategy and structure
none of the above
Technology and in people themselves
All of the above
19
This identifies the task and responsibilities of a position
Job specifications
Job Description
Requisition
Job placement
20
After managers have evaluated their organization and competition by completing analysis what should they re-review
Their benefits and compensation package
Their management style
Their mission and its vision
Their own employees
21
This is the process of attracting qualified candidates to apply for a job
Recruiting
Identifying
Specificity
Selecting
22
In setting objectives and plans an individual should recognize
"right" and "wrong"
"must" and "want" criteria
"give" and "take" criteria
"crash" and "burn" criteria
23
This type of strategy is an attempt to reverse a declining business as quickly as possible
Turnaround strategy
Retrenchment strategy
Diversification strategy
Growth strategy
24
The process of identifying tasks that each employee is responsible for completing
Job design
Process design
Job simplification
Task planner
25
Incentives can include
all of the above
Merit increase- reward for reaching an objective
Commissions- based on sales
Piece rate- based on production
26
__ involves giving praise for a job well done to maintain performance or taking corrective action
Processing
Rating
Coaching
Understanding
27
A chart that is a graphic illustration of management hierarchy is known as
organizational authority
organizational arrangement
organizational outline
organizational chart
28
The process of delegating and coordinating tasks and resources to achieve objectives
Initiative
Implementation Process
Organizing
Stating point
29
The process of setting short-range objectives and how they will be accomplished
Repetitiveness
The Delphi Technique
Operational Plan
Scope
30
A small business is independently owned and operated, is not dominant in its field, and has annual receipts less than
1,000.00
10,000.00
500,000.00
100,000.00
31
This department is usually responsible for employee health and safety programs, labor relations, and termination
Finance
EEOC
ADA
Human Resources
32
When a company analyzes competitive forces it looks at all of the following EXCEPT
Power of persuasion
Rivalry among competing sellers
Power of buyers
Power of suppliers
33
The right to make decisions, issue orders, and use available resources is known as
Authority
Balanced responsibility
Delegation
Flexibility
34
Free-riding in a group is a term used to describe
Members rely on others to perform
members rely on others to carry their share of the workload
35
When we talk about product life cycle process, the fourth and considered the last part of the cycle steps is known as
Maturity
Growth
Introduction
Decline
36
Legally required work benefits include
Unemployment compensation
Workers compensation
all of the above
Social Security
37
Certain problems during the selection process of hiring that should be avoided
Rushing
Premature selection
All of the above
Stereotyping
38
Identify management levels most common in business
sales, branch, and department managers
Top, middle, and first-line managers
Lead, supervisor, and manager
Top, mid, and lower managers
39
Entrepreneurs provide major contributions to society in:
Compete for large markets
Unique opportunities for high school graduates
Innovation, job creation, economic growth and support of large business
Economic Stimulus and Job retention
40
In the process of consensus mapping, if the consensus cannot be reached
we find another alternative
re-analyze the situation
Goes ahead with some kind of decision
The group does not make a decision
41
The composition of a group is the mix of members
strengths and weaknesses
performance and talent
age and gender
skills and abilities
42
Manager's resources include
All are manager's resources
Physical Resources
Financial Resources
Human Resources
43
An "effective" objective conforms to "want" criteria
True
False
44
The authority level of a manager who is free to make decisions and act without the boss's knowledge but may consult ""
Authority to inform
Full authority
Authority to recommend
Authority to report
45
Technical skills are also known as
Decision-making skills
Business skills
management skills
Human Resources skills
46
Leadership is based on
Trust
Interpersonal Skills
Informational skills
Logic
47
Physical Resources are primarily
Getting the job done through control mechanisms
Make sure necessary supplies are available
all of the above
Ensuring proper maintenance
48
When a conscious effort to operate in a manner that creates a win-win situation for all stakeholders
Social acceptance
Classifying and defining
Decision Making
Social Responsibility
49
These people consist of employees, shareholders, customers, suppliers, society and the government at times
Ethics
Managers
Stakeholders
Culture
50
This occurs when two companies form one corporation
Hostile Takeover
Merger
Mission
Acquisition
51
This management role is considered to be a monitor, disseminator, and is the spokes-person
all of the above
Informational role
Interpersonal role
Decisional Role
52
Employee turnover can reduce overall
efficiency
all of the above
morale
profitability
53
Managers have more time to perform high priority task when they
Believe that they can perform the task more efficiently
Carry out task at any given time
Carry out tasks efficiently
all of the above
54
People's ability to make ethical choices is related to their level of:
Maturity
Age
Moral Development
Understanding
55
The number of diverse tasks that make up a job and the number of skills used to perform the job
Skill performance
Skill commitment
Skill variety
Skill priorities
56
This skill set reflects the ability to work with people in teams
Conceptual
Technical
Human and Communications
Decision-making
57
___ is the process of taking corrective action to meet objectives
hiring
reflecting
problem solving
structuring
58
The standard of right and wrong that influence behavior
Legal representation
Ethics
Values
Mission
59
This is the organization's purpose or reason or being
None of the above
Mission
Feedback
Culture
60
The extent of which members of a group abide by and enforce the group norms depends on
Cohesiveness
Competition
Authority
Objectiveness
61
Decision-making steps include
analyzing, planning, and implementing
all of the above
Classifying and defining the problem
setting objectives, generating alternatives
62
When a company attempts to hold and maintain its presents size or to grow slowly they are said to be within __ strategy
Growth
Stability
Holding
Stalemate
63
Given to the new employee in order to " learn the ropes" is a process known as
Halo and horn syndrome
Selection
Orientation
Hiring
64
The process of re-interpreting immoral behavior in terms of a higher purpose is referred to as
Moral justification
Conditions
Code of ethics
Consequences
65
Core competency and benchmarking are two aspects of a company's
objectives
target results
goals
Competitive advantage
66
This is a written description of a new venture
Entrepreneur reporting
business plan
Forecasting
Prediction Indicator
67
This is the total of an employee's pay and benefits
Salary
Wages
Compensation
Net Pay
68
The rule of thumb is to __ the key people in the problem to participate
Exclude
Play devil's Advocate
Evaluate
Include
69
Managers find it extremely unnecessary to introduce top candidates to coworkers during the interview process
False
True
70
To make decisions without rushing or wasting time knowing there is enough information to make a sound decision
Reflexive Style
Decisive Style
Reflective Style
Consistent Style
71
When an organization compares services and processes with those of other companies
They are being creative
They are benchmarking
They are marketing
They are comparing prices
72
The "T" in a SWOT analysis represents
Technology
Threats
Timely submission
Target
73
All managers perform these management functions
planning, organizing, leading, and controlling
reading, analyzing, budgeting, and working
budgeting, targeting, marketing, and supervising
all of the above
74
These types of decisions arise in recurring or routine situations
Programmed
Unexplained
Programmable
Non-programmed
75
The process of suggesting many possible alternatives without evaluation
Nominal Grouping
Brainstorming
Synectics
Alternative Planning
76
Cross functional groups come from:
Different areas and possibly different levels of an organzation
Accounting department
One limited area
created spontaneously
77
The process of influencing employees to work toward achieving objectives
Task oriented
Controlling
Organizing
Leading
78
This is a clear line of authority from the top to the bottom of an organization
Division of labor
Span of management
Unity of command
Chain of command
79
EEOC refers to
Equal employment opportunity commission
Equal employment opportunity act
Equal employer oppurtunity Act
Equal employer opportunity commission
80
The three conditions in decision making are certainty, uncertainty, and ___
Commitment
Creativity
Outcome
Risk
81
These are considered alternative plans to be implemented if uncontrollable events occur
Product life plans
Analyzing
Growth Objectives
Contingency Plans
82
Levels of organizational culture include
Behavior, value and beliefs, and assumptions
First-line of defense in management
influence
Hierarchy levels
83
A manager who is innovative and shoes initiative, takes corrective action during disputes and deals with customer sat.
Decisional Role
Interpersonal Role
Informational Role
Top management Role
84
This manager type does not supervise other managers; but supervises operational plans
Top
all of the above
Middle
First-line
85
A manager is responsible for achieving organizational goals through
Planning and controlling
Controlling the process
Effective/ Efficient use of resources
Personal Effort
86
Human Resources are:
Peoples
Physicial
Necessary
Managers
87
An evaluative appraisal is used to
all of the above
Discuss transfers, promotion, demotion, and terminations
Make administrative decisions
Discuss pay raises
88
This is an overall corporate strategy for growth, stability, or turnaround and retrenchment or for some combination
Grand Strategy
Objectives
Feedback
Concentration Strategy
89
The two different types of authority are
formal and informal
issued and non-isued
informational and non-informational
delegated and non-delegated
90
Major sources of resistance to change are
all of the above
Values
Facts
Beliefs
91
The process of eliminating or combining tasks to improve performance
Increased productivity
Job design
Job simplification
job design
92
Potential advantages of group decision making
all of the above
Better quality decisions
more information, alternatives, creativity, and innovation
improved morale and motivation
93
Using this technique enables people to get more done in less time with better results
Contingency plans
Specialization
Time management
Plan development
94
This refers to offering a unique customer value before competitors do so:
Unique opportunity
Main-streaming
systems process
First-mover advantage
95
An MBO is referred to as
Medical by Objectives
Management Board Objectives
Management by Objectives
Medical Board Objectives
96
In the SWOT analysis customers, competitors, and suppliers represent:
All of the above
External environmental factors
Structure
Internal environmental factors
97
Traits for notable managers include
Both
None of the above
Business Knowledge
Leadership ability
98
External recruiting sources may include
Agencies
All of the above
Advertising
Walk-ins
99
When managers do not delegate
Believe that they can perform the task more efficiently
All of the above
They become used to doing things themselves
Fear that employees will fail to accomplish work
100
The process of generating and evaluating alternatives using a structured voting method
none of the above
Nominal grouping
Primary election
Alternative intervention