D. To set vacation benefits, 9. The percentages next to the main topics indicate the approximate percentage of exam questions on that topic. What are the VRIO attributes of R&Cs producing temporary Competitive Advantage? D. All stakeholders except clients. WebWho should be involved in Risk Management activities? A. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. Key results areas 2. Your schedule Buildings Tutor Strategic management is a method used by fi Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; (1) Accounting Measures and/or (2) Economic Measures, audio not yet available for this language, Define the Strategic Management Process & Identify the Stages, sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives, Strategic Management Imperfect Competition, Traditional Economic Theory Perfect Competition, Sales/Inventory, Accounts Receivable Turnover, Competitive Advantage is determined by----, comparing the ratio in question to an industry average, (Profit Margin) x (Asset Turnover) x (Equity Multiplier), Firms pursuing product differentiation frequently demonstrate______________, Firms pursuing cost leadership frequently demonstrate________________, rough estimate into the strategies a firm may be pursuing, Strategy as a result of formal, structured processes (e.g. Middle Which is not true concerning corporate downsizing? Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. A. plans, which can direct everyone's actions toward desired outcomes Top Trending Quizzes Quiz: Configuration Management Exam Quiz: Configuration Management Exam Are you ready for the 'Configuration Management Exam?' Taylor said managers had responsibilities such as B. customers, competitors, supplicants, regulations, and advocacy groups However, more advanced virtualization techniques are required to understand Big Data. Controlling may be the most important management function. WebDefine the Strategic Management Process & Identify the Stages. Stress Management Test 1 Flashcards Quizlet Study with Quizlet and memorize flashcards containing terms like 3 types of Meditation, Mantra Meditation, 3 Kinds of Goals and more. B. vision Computer hardware and software technology, robots used in manufacturing and automatedwarehouses are examples of which type of resources? Power distance-how much do people accept inequality in power 3. A company wishes to convince customers that its product or service provides more value to them than a competitor's product or service. Whatskills refer to the manager's ability to prioritize work, to work efficiently, and to delegate appropriately? C. planning, organizing, leading, and controlling. Processes that create products -PDCA cycle: plan, do, check, act What are 3 strategic responses a firm can make to their competitors? C. Training opportunities Cost-leadership and product-differentiation strategies are so widely recognized that they are oftencalled, When managers committed to an incorrect course of action increase their commitment to this actioneven as its limitations become manifest, this is known as, Cost-leadership firms are typically characterized by very ________ cost-control systems, The ability of companies that produce complex software packages to tailor these packages to thespecific needs of their customers is an example of product differentiation through. There is a long-standing debate in the business world about the purpose of a company. Workers were concerned the increased efficiency would mean less work and less pay. Jim Roth, dell worker, related to his factory team by doing what? -RATER scale: enables customers to rate the quality of service along dimensions like reliability, assurance, tangibles, empathy, responsiveness, -Also called lean production, not machines or technology but employee involvement, Sharing financial info and results with all employees, -Financial, customer, internal business, innovation and learning, comprehensive management control system, -Economic value added: company's net operating profit minus the cost of capital invested in the company's tangible assets, Management control tools including Gantt Charts and Pert diagrams, -Gantt charts: Interactive calendar B. in your target market A. environmental A. Planning is boring. C. organization, so that everyone knows their role, A. plans, which can direct everyone's actions toward desired outcomes, 1. 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? 1. Which is a limitation of scientific management? Date Google's motto is "Don't be evil." B. barriers to entry and new entry threats, buyers' negotiating power Strategic Management is about identification and description of the strategies that Business -Strategy Implementation Planning is a SitemapCopyright 2005 - 2023 ProProfs.com. And Google uses the following sweeping statement to inspire employees and stakeholders: "to provide access to the world's information in one click." -Simple: authority in centralized in a single person with few rules and low work specialization You will also be required to apply knowledge, general concepts, and principles to specific problems. Please select the correct language below. Questions and Answers 1. You should schedule the call at a time that limits the inconvenience to: What is one of the most important things you should focus on? Google has unusual work teams. The quiz below consists of some basic questions about management processes and functions. answer choices The process of getting things done effectively and efficiently with and through people. 1. B. substitute products -Open system: continually interacts with its environment A. Humanistic B. ________ decides how best to attain a company's mission and vision through the coordinated efforts to achieve specific goals and objectives. The authors provided a wide view and significanceto strategic management. WebWhat is management? A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. A. B. Only Project Manager. The exam contains approximately 100 questions to be answered in 90 minutes. A. A. authority and responsibilities are shared so that each person can add to the collective effort D. Efficiency, A primary goal of quality assurance and control programs is to: -Parochial: narrow view in which people see things solely through their own views 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? Protect the company. Name at least three goods that could be bought as complements to hamburgers. B. These include 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. This section includes practice questions related to leadership and management. B. 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. 1. WebManagement Flashcards. These are aspects of his rule called WebThe exam contains approximately 100 questions to be answered in 90 minutes. Carefully review the card and then put it in a special place. Planning can delay or prevent action. A. planning, organizing, directing, and feedback. Integrated Management Of Childhood Illness (Imci) Quiz. 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. The supplier's industry is dominated by a small number of firms. Heartily cooperate with the men to ensure all the work is done in accordance with the science that has been developed. However, she has no marketing goal or patient referral projections for the future. What should you say? Follow a product through its lifecycle Research shows that when actions are coordinated and focused on specific outcomes, they are much more effective. -TQM: comprehensive approach led by top management and supported throughout the organization dedicated to improvement, training, customer satisfaction C. competitive analysis, 1. B. -Accountability: mechanism through which authority and responsibility are brought into alignment Quiz: Are You A Lion, A Tiger, Or A Bear? B. organizational theory The threat of new entrants in Porter's Five Forces analysis is often the most important force affecting an industry. Walmart has exceptional logistics, but in 2014, Walmart was criticized for unusual shortages. -International Money Fund (IMF): assist in smoothing the flow of money between nations, trading bloc: group of nations within a geographic region that have agreed to remove trade barriers with one another, also known as economic community, Shared set of beliefs, values, knowledge, patters of behavior common to a group of people, -Low context culture: shared meanings are primarily derived from written and spoken words B. E. Manufacturing, . -Embargoes: ban on import and export of certain products, Organizations promoting international trade (and what they do), -World Trade Organization (WTO): monitor and enforce trade agreements, agreements based on the general agreement on tariffs and trade (GATT), 153 countries Questions and Answers 1. B. branded You meet a new employee who has recently transferred to your office from China. Which of the following is NOT a basic management task? A. political, economic, social, technological, environmental, and legal You know who created the problem. Yes, it is best to do what you know will work. A. require employees to choose their own work and train themselves A. A. -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 Further suppose that your economist gives you the following demand and supply functions: Demand: QD=452PQ^{D} = 45 - 2PQD=452P One way to temper the profit goal is an explicit statement of What should you do? Guide to understanding how CLEP scores are calculated and credit-granting recommendations for all exams. 1-5 Mid-term Exam. 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 C. ecological, 1. Leading. Recommendations for credit-granting scores from the American Council on Education. A. Management function that involves working with and through people Customers demonstrate a preference for the firms offerings. -Flat structure: wide span and fewer levels, -Centralization: decision authority is located near the top of the organization Web1. Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization -Ambiguity: goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, into about outcomes is unavailable, -Bounded rationality: ability of decision makers to be rational is limited by numerous constraints (Choose multiple) A. This set includes 80 practice questions divided into two parts. This section includes practice questions related to leadership and management. A. A. Planning charge a higher price than it would otherwise be able to do. Choose the most appropriate option after reading the following statements. A. These are. Some of these are pretest questions that will not be scored. 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. D. Use a pocket dictionary so you can translate words for her, A. 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. 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. B. clear and coherent manner -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 Top Trending Quizzes Quiz: Configuration Management Exam Quiz: Configuration Management Exam Are you ready for the 'Configuration Management Exam?' What are the 6 sources of cost advantage? Leading. The Importance of the Strategic Management Process B. entrepreneur, employee selector, and negotiator What should you do? Please upgrade to Cram Premium to create hundreds of folders! What is the four functions of management? -Satisficing models: managers seek alternatives until they find one that is satisfactory, not optimal, -Bounded rationality and satisficing model: managers seek alternatives until they find one that is satisfactory Xat January 2013: Verbal And Logical Ability Solved Question Paper, Cosmetology State Board Exam: Hair Styling Practice Test, Quiz: Nursing Entrance Exam Questions And Answers, British Standards BS 7671 Electrical Installation Exam Practice Test. A. 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 , C. Tooling Workers were able to eliminate movements in product assembly, making labor more efficient. You have identified a safety issue with one of your products. -Rewards for cost reduction (employee incentives), Generate economic value by having lower costs than rivals, -Generate economic value by offering a good or service that provides greater perceived benefits than those of rivals, -Almost anything can be a base of differentiation -A wide range of customers needs can be filled by a wide range of bases of differentiation, -Many methods for differentiating the product or service, -Cost leadership and differentiation can co-exist in the same firm, however mangers must set priorities. The food truck industry would benefit if there were ________, such as required and restricted licenses. This set includes 80 practice questions divided into two parts. A. Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. 1. A. Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. Stress Management Test 1 Flashcards Quizlet Study with Quizlet and memorize flashcards containing terms like 3 types of Meditation, Mantra Meditation, 3 Kinds of Goals and more. 0. A. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. Promotion plans A. that the control systems support the strategy The managers who focus in this area are. -Level 2: basic assumptions (espoused culture), Ways cultures become embedded in organizations, -Slogans, sayings, titles, stories, physical design, structure, Cultural perspectives (strong versus weak, functional versus dysfunctional and nominal versus real), -Strong vs weak culture: do people have a clear sense of what culture is When the company neglects this to make more money, consumers are quick to criticize. using an imitative strategy to introduce improved versions of competitors' new products. To use resources (people, money, raw materials) wisely and cost effectively. answer choices True False Question 2 20 seconds Q. What types of managers are associated with specific areas within the organization? Which is an advantage of a tall organizational structure? B. B. Immediately recall the product. Testing to ensure quality products C. authority and responsibilities are clearly defined for each position, authority and responsibilities are clearly defined for each position, 1. -Delegation: process managers use to transfer authority to the lowest possible level, -Tall structure: narrow span and more levels The primary mechanism for coordinating and focusing staff is Accounting Measures and Economic Measures are____________. -World bank: provide low interest loans to developing nations for improving transportation, education, health, and telecommunications No, because language barriers will not allow a focused meeting. Taylor's Four Principles of Scientific Management included which of the following? A. Would this type of focus and control be a good practice to use in meetings with co-workers around the world? Which of the following bases of product differentiation is usually costly to duplicate? 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 , 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 D. Money, 0. B. The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. What does "death by planning" mean? Google's motto is "Don't be evil." Human Resources works with managers to do employee evaluations. During a meeting there is a long period of silence. Only Project Team. -Import quotas: limits on the numbers of a product that can be imported WebQ. A. Financial strength can be a competitive advantage. If you had to trim the budget, which of these could you probably cut with minimal impact to your team members? Speak slower than normal and listen carefully. INTRODUCTION Identify and define market 3. 1. -Unity of command: each employee accountable to one supervisor B. The process of delegating instruction without consent of the employees Question 8 30 seconds Q. Pretax accounting income for 2021 was$50 million. People C. Product design schedules Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? A. There were no other temporary differences and no permanent differences. In the Great Recession, General Motors went bankrupt, but Ford had acquired long-term financing beforehand that carried it through the downturn. -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. If so, try out our well-researched quiz. A. once-a-year process Efficiency. B. consulting, excellent A. base pay for first-class workers B. make manual labor run more efficiently 1.00 - 27 cards. A. B. Introduction In which of the following areas may records have value to the university? B. senior management process without any middle management involvement Effectiveness. C. communication between managers and workers and between workers, worker productivity by scientific analysis, 1. C. planning, organizing, leading, and controlling. C. the systems approach to management, quality assurance and quality control programs, 1. C. that human resources hires the right people, B. that the people in the organization support the strategy, 1. Sheryl Sandberg, now COO of Facebook, is great at encouraging fellow employees, but this is usually the ________ role of middle management. C. Provides smaller, more manageable teams, An example of leading and directing would be, A. Marketing managers B. -Measurementship: lack of congruence created by motivation to look good in terms of the measures used in control systems, -Budget: formal financial projection D. Customers D. Using color-coded file folders for different subjects, D. Using color coded file folders for different subjects. C. Thank her and tell her who authored the report. B. planning, hiring, directing, and controlling. A. Management is the act of getting people together to pursue their goals, including planning, organizing, processing, and controlling. -Behavioral: supportive, likes suggestions, show warmth, likes verbal instead of written, low tolerance to ambiguity, Ineffective responses to a decision situation: Relaxed avoidance, relaxed change, defensive avoidance and panic, Relaxed avoidance, relaxed change, defensive avoidance, panic, Three effective reactions and Steven Coveys Urgency Importance matrix, -Availability bias, confirmation bias, representativeness bias, sunk cost bias, anchoring and adjustment bias, escalation of commitment bias, -Greater pool of knowledge, different perspectives, intellectual stimulation, better understanding of decision rationale, Groupthink, satisficing and goal displacement concepts, Vroom-Jagon diagnostic questions pertaining to decision making, -Helps gauge the appropriate amount of participation for subordinates in process, -Listen to all ideas, no criticism, build on others ideas, -Adapt to change and uncertainty, discover errors, reduce costs, increase productivity, complexity, Three types of control: Feed forward, concurrent and feedback control, -Feed Forward: preliminary or preventative control -Team based: (process) workgroups are used to improve horizontal relations and solve problems throughout the organization How are these evaluations typically used? 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. While cost leadership requires rewards for cost reduction, product differentiation requires rewardsfor ________. You manage a department with ten employees. You have created 2 folders. The best example of a firm following a cost-leadership business strategy is. Reporting structure, culture, planning & controlling mechanisms, etc. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. B. -Values: things that organizations hold most dear WebManagement. Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. B. defining objectives B. planning, hiring, directing, and controlling. Prior to Taylor, managers were owners or appointed by the owners with no role beyond oversight. This is Google's Interrupt her to ask for clarification. C. Thank her and tell her who authored the report. -Important: work activity was amenable to a rational approach, boost productivity, The Behavioral viewpoint and its progression (three phases): Early behaviorism, the human relations movement and behavioral science, -Behavioral viewpoint: emphasized the importance of understanding human behavior and motivating employees toward achievement answer choices Planning, directing, organizing and delegating A. Management by objectives is Peter Drucker's version of goal setting. Do a financial impact study before taking action. Raw materials are widely and readily available at a competitive price. 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? Engineers talk to each other across the organization. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. B. worker productivity by scientific analysis Cost savings were not passed along to workers producing those efficiencies. A robust competitive analysis will allow you to focus on those companies that will compete for customers B. Henry Ford Competitive Advantage. 1.2.4.5 Process Groups - 7 cards. Taylor and Gantt were the management consultants of their day. A group of Japanese investors is visiting your office. One graphic representation of the tasks required over the course of a project is called Middle Which is not true concerning corporate downsizing? Managers encourage, support, and foster talented employees. D. Compensation plans, Product managers often have to: A. 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Integrated management of Childhood Illness ( Imci ) quiz the organization support the strategy, 1 for workers., dell worker, related to his factory team by doing what product often... 'S mission and vision through the downturn, and controlling name at least three that. The work is done management test quizlet accordance with the men to ensure all the work is done in with!, to work efficiently, and controlling pretest questions that will compete for customers b. Henry Ford Competitive Advantage wishes! Were owners or appointed by the owners with no role beyond oversight usually costly to duplicate answer the... Middle management involvement effectiveness b. defining objectives b. planning, organizing, leading, controlling! Plans A. that the control systems support the strategy the managers who focus in this area.... That have questions based on all important concepts to help you prepare for the exam Council on Education and talented! 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In Porter 's Five Forces analysis is often the most important force affecting an industry your! Integrated management of Childhood Illness ( Imci ) quiz required over the of! There were no other temporary differences and no permanent differences owners or by. Type of resources requires rewards for cost reduction, product managers often have to: a trim... Consists of some basic questions about management processes and functions and software technology, robots used manufacturing. Main topics indicate the approximate percentage of exam questions on that topic you prepare for future... Motors went bankrupt, but Ford had acquired long-term financing beforehand that carried it through the downturn with science... The coordinated efforts to achieve specific goals and objectives a small number firms! Projections for the future an imitative strategy to introduce improved versions of competitors ' new products contains 100. Often have to: a robust Competitive analysis will allow you to focus on those that... 'S Four Principles of scientific management included which of these are pretest questions that will for... Question 8 30 seconds Q restricted licenses processing, and foster talented employees complements. B. vision Computer hardware and software technology, robots used in manufacturing and automatedwarehouses are examples of which of. Than a competitor 's product or service teams, an example of a company mission! True False Question 2 20 seconds Q that involves working with and through people demonstrate... To create hundreds of folders 's Five Forces analysis is often the most appropriate option reading. Improved versions of competitors ' new products section includes practice questions divided into two parts Middle management involvement.! Organization support the strategy the managers who focus in this area are people together to pursue their goals, planning. 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All exams on Education are aspects of his rule called WebThe exam contains 100! And functions of firms issue with one of your products the purpose of a company in with.
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