What is the difference between algorithms and heuristics? sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives. WebWhat is management? Goals 4. Your boss tells you the company needs to save money, so you have to lay-off employees and make other budget cuts. Objectives 3. C. Tasks and responsibilities are shared within teams. -Three phases: 1. 1.00 - 27 cards. A manager should discuss the corporate goals with his employees and then In which of the following areas may records have value to the university? 1. -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. A. a competitive advantage -Measurementship: lack of congruence created by motivation to look good in terms of the measures used in control systems, -Budget: formal financial projection During a meeting there is a long period of silence. Speak slower than normal and listen carefully. -PDCA cycle: plan, do, check, act ________ reduces uncertainty and indicates what everyone is expected to accomplish. C. Mary Parker Follett, 1. A company wishes to convince customers that its product or service provides more value to them than a competitor's product or service. What are the 4 generic industry structure? Suppose that you are the vice president of operations of a manufacturing firm that sells an industrial lubricant in a competitive market. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. One of your team members actually authored the report. -Concurrent: assess current work activities, rules and regulations, ensures to produce correct results Other participants WebWhich level of management has the primary functions of interpreting and integrating? However, she has no marketing goal or patient referral projections for the future. 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. Max Weber believed that management should be separate from ownership and managers should be protected from arbitrary dismissal. B. economic Some of these are pretest questions that will not be scored. Buildings Masculinity/femininity-how much do people embrace stereotypical male or female traits, The Globe Projects nine cultural dimensions, -Power distance, uncertainty avoidance, institutional collectivism, in group collectivism, gender egalitarianism, assertiveness, future orientation, performance orientation, and human orientation, The definition of culture: Values, beliefs and norms, -Culture: values, beliefs, and norms that a set of people shares The food truck industry would benefit if there were ________, such as required and restricted licenses. Mintzberg classified management decision roles into four types. B. set goals for each employee and then evaluate them quarterly Tableau-available from www.tableausoftware. -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 Web1. A. plans, which can direct everyone's actions toward desired outcomes 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. B. -Delegation: process managers use to transfer authority to the lowest possible level, -Tall structure: narrow span and more levels -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 C. As many stakeholders as practical. D. Using color-coded file folders for different subjects, D. Using color coded file folders for different subjects. D. Yes, it is always good to control meetings this way. D. Locate the raw materials needed to productions, A. And Google uses the following sweeping statement to inspire employees and stakeholders: "to provide access to the world's information in one click." C. entrepreneur, controller, and negotiator, A. resource allocator, disturbance handler, and negotiator, 1. B. A. authority and responsibilities are shared so that each person can add to the collective effort By increasing the perceived value of a firm's products or services, a firm will be able to. (Choose multiple). Better attention to Johnson & Johnson's ________ might have saved the company from litigation and penalties. Efficiency. Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. Name 1. The company could lose a large amount of money if customers find out about the problem. 1. This is Apple's 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 A. environmental Which is an advantage of a tall organizational structure? B. One of his rules was that Our online risk management trivia quizzes can be adapted to suit your requirements for taking some of the top risk management quizzes. Controlling may be the most important management function. Strategic Management Background C. in your market, 1. WebDefine the Strategic Management Process & Identify the Stages. What should you do? Which of the following is not a potential source of diseconomies of scale? What is the consumer surplus in this market? Kelly is a pediatrician who opened her own office three years ago. Principles from the ________ school of management were originally designed to prevent favoritism and incompetence. D. Equipment upgrades, 19. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. C. Try and find out who caused the problem. Develop products and services 4. B. actions firms take to gain competitive advantages in a single market or industry, Business Level Strategies are intended to create differences between______, the firms position and those of its rivals. In general, what is a business's most valuable resource? C. Gantt chart, 1. A flat organizational structure B. C. planning, organizing, leading, and controlling. This is Google's C. communication between managers and workers and between workers, worker productivity by scientific analysis, 1. Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. C. Ask for a translator to make communication easier. Management can be approached as either, 1. Take up this quiz and prove your knowledge now. If so, try out our well-researched quiz. Google's motto is "Don't be evil." 2, Principle of Management Quiz 1 BBA II A (June 11, 2020), 3.1 SAP S/4HANA for Management Accounting Associates Certification. A. that the control systems support the strategy 0. There were no other temporary differences and no permanent differences. C. ecological, 1. A. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. Promotion plans -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 C. Product design schedules Workers were able to eliminate movements in product assembly, making labor more efficient. D. All stakeholders except clients. You know who created the problem. C. political, economic, social, technical, environmental, and governmental, A. political, economic, social, technological, environmental, and legal, 1. WebManagement Flashcards. D. Maintaining your own salary level. The process of delegating instruction without consent of the employees Question 8 30 seconds Q. A. B. mission statement Jim Roth, dell worker, related to his factory team by doing what? Recruiting -Pert diagrams: must do things in order, program evaluation and review technique, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value. You meet a new employee who has recently transferred to your office from China. B. worker productivity by scientific analysis Effectiveness. All of the following are elements of the general environment except. C. that human resources hires the right people, B. that the people in the organization support the strategy, 1. Your schedule D. All stakeholders except clients. Accounting Measures and Economic Measures are____________. C. organization, so that everyone knows their role, A. plans, which can direct everyone's actions toward desired outcomes, 1. WebWho should be involved in Risk Management activities? C. Provides smaller, more manageable teams, An example of leading and directing would be, A. C. Identify the impact of design delays A. clients, competitors, suppliers, regulations, and adversaries Middle Which is not true concerning corporate downsizing? When customers perceive the product differentiation as valuable, they will prefer to purchase the business's product over a competitor's products. 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? What is the A. strategic partnerships, research and development B. B. Customers demonstrate a preference for the firms offerings. -Maslow's hierarchy of needs: physiological, safelty, social, esteem, self-actualization A. differentiated 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 , Note: Each institution reserves the right to set its own credit-granting policy, which may differ from the American Council on Education (ACE). Strategic management Kelly has experience and knows there is only one way to run her businessfull steam ahead! A. 2. Efficiency. answer choices The process of getting things done effectively and efficiently with and through people. 1. WebDefine the Strategic Management Process & Identify the Stages. B. career orientation https://quizlet.com/290806747/stress-management-test-1-flash-cards/ Health And Wellness Stress Management Flashcards Quizlet (RUN!) Determine the quality of the product A. C. Tooling 1. 1. -Functional vs dysfunctional: does the culture enhance organizational productivity and performance Management is the act of getting people together to pursue their goals, including planning, organizing, processing, and controlling. B. barriers to entry and new entry threats, buyers' negotiating power Your boss stops you in the hallway to commend you on a report you submitted to her. The second function is to make sure D. All stakeholders except clients. B. defining objectives What types of managers are associated with specific areas within the organization? Decide if the product will be successful Marketing managers B. Scholarship Exam Quiz: Questions And Answers. C. Management Customers demonstrate a preference for the firms offerings. Google's management has chosen an unusual, 1. Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. C. Stay quiet until they break the silence. Only Project Team. Some organizations establish planning committees that intentionally include people from ________ backgrounds to bring ________ perspectives into the planning process. -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 -Incremental Model: managers take small, short term steps to alleviate a problem, rather than steps that will accomplish the long term solution Some of these are pretest questions that will not be scored. Bureaucratic Management looked at how large organizations with layers of management could operate in an A. Walmart has exceptional logistics, but in 2014, Walmart was criticized for unusual shortages. answer choices Legal Financial Historical All the above Question 3 10 seconds Q. Strategic Management is about identification and description of the strategies that Business -Strategy Implementation The general environment analysis considers broad societal dimensions influencing the industry or firms within it. The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. What type of plan does HR assist in developing that deals with benefits and bonuses? Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. C. fixed salaries, 1. 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. Do things right. Customers complained, saying they could not buy the product if it was not on the shelves. 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. Immediately place the card in your pocket. A. Management by objectives is Peter Drucker's version of goal setting. -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 Which is a limitation of scientific management? 1. Cost savings were not passed along to workers producing those efficiencies. C. Knowledge-based work can't be observed and broken down for efficiencies like manual labor. B. commitment to the plan WebWhich level of management has the primary functions of interpreting and integrating? Questions and Answers 1. A. division of labor -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. competitive analysis, 1. Carefully review the card and then put it in a special place, 1. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. But Google still has the basic levels of management, including, top, middle, and first-level management and team leaders, 1. B. Sheryl Sandberg, now COO of Facebook, is great at encouraging fellow employees, but this is usually the ________ role of middle management. Manage the actions of each of their staff members Johnson & Johnson was found guilty of misrepresenting a hip-replacement device. 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 Workers were concerned the increased efficiency would mean less work and less pay. A. planning, organizing, directing, and feedback. -Modular: firm assembles product chunks, or modules, provided by outside contractors, -Mechanistic: centralized hierarchy of authority, many rules and procedures, specialized tasks, formalized communication A. optimizing the work process and training employees to follow it B. That is, it offers a D. Set the card aside so you can study it later. 1.2.4.5 Process Groups - 7 cards. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. B. What are the VRIO attributes of R&Cs producing temporary Competitive Advantage? You need to schedule an international conference call with co-workers that includes managers and employees. Middle Which is not true concerning corporate downsizing? C. As many stakeholders as practical. In the food truck industry, for example, it is easy for new firms to enter and compete. Heartily cooperate with the men to ensure all the work is done in accordance with the science that has been developed. B. Porter's Five Forces Only Project Team. 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. D. Report the person who caused the problem, B. The skills necessary to accomplish or understand the specific kind of work done in an organization are called what? These are aspects of his rule called Managers encourage, support, and foster talented employees. Employees should be hired on the basis of their interest and desire in the work. Computer hardware and software technology, robots used in manufacturing and automatedwarehouses are examples of which type of resources? 1. Find out how you can intelligently organize your Flashcards. Date ________ are said to exist when the increase in firm size (measured in terms of volume ofproduction) are associated with lower costs (measured in terms of average costs per unit ofproduction). B. B. entrepreneur, employee selector, and negotiator Minimizing the harm to the employees. C. planning, organizing, leading, and controlling. In general, first-mover advantages can arise from any of these sources except. C. Empowerment At December 31, 2021, the book value of the equipment was $28 million. You manage a department with ten employees. -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 We have other quizzes matching your interest. Write a review of the demo(s)you view and the trial version of any product(s) you test. 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." 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. A. A. planning, organizing, directing, and feedback. Efficiency. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. We'll bring you back here when you are done. Only Project Manager. D. Well defined processes, . Evaluation plans In the Great Recession, General Motors went bankrupt, but Ford had acquired long-term financing beforehand that carried it through the downturn. Provides more opportunities for advancement B. -conflicts should be resolved by having managers and workers talk over differences and find solutions that satisfy both, work process should be under control of workers with relevant knowledge, Early behaviorism, Elton Mayo, and the principles derived from the Hawthorne effect, -Hawthorne effect: employees work harder if they receive added attention, believe that managers care Choose the most appropriate option after reading the following statements. I. Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? Management has neglected its function of, 1. Power distance-how much do people accept inequality in power 3. answer choices The process of getting things done effectively and efficiently with and through people. Ask your manager to solve the problem. Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. Interrupt her to ask for clarification. A. B. -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 Carefully review the card and then put it in a special place. Immediately recall the product. A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. -Parochial: narrow view in which people see things solely through their own views When the company neglects this to make more money, consumers are quick to criticize. Solve the problem without assigning blame, 8. This section includes practice questions related to leadership and management. In any ethical situation, the most important thing is to: -Values: things that organizations hold most dear These are. What types of managers are associated with specific areas within the organization? WebWhat is management? WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. This is part of the ________ role of managers. The authors provided a wide view and significanceto strategic management. Human Resources works with managers to do employee evaluations. B. A. quality assurance and quality control programs Uncertainty avoidance-how strongly do people desire certainty 4. Which of the following is needed to help accomplish this task? 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. 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 A. benevolent and caring manner answer choices True False Question 2 20 seconds Q. In which of the following areas may records have value to the university? Strategy enables businesses to evaluate the external opportunities and threats that effect their success STRATEGIC MANAGEMENT On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. -Geocentric: accepts differences and similarities between home and foreign personnel and practices, Availability of supplies, new markets, lower labor costs, access to finance capital, avoid tariffs and import quotas, Global outsourcing, importing and exporting and counter trading, licensing and franchising, joint ventures, wholly owned subsidiaries, Barriers to international trade (tariffs, import quotas and embargoes), -Tariffs: duty or tax mainly on imports These tools can help auditors make sense of the increasing amount of data, beyond just the traditional financial statements, available from their clients. D. Efficiency, A primary goal of quality assurance and control programs is to: Further suppose that your economist gives you the following demand and supply functions: Demand: QD=452PQ^{D} = 45 - 2PQD=452P The threat of entry, power of suppliers, and threat of substitutes are all low within this industry. When designing a new product, a good schedule helps management? B. MASTERCARD These are, C. planning, organizing, leading, and controlling. 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. -Vertical functional structure: people are grouped by similar occupational specialties What are 3 strategic responses a firm can make to their competitors? WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? Raw materials are widely and readily available at a competitive price. Management function that involves working with and through people However, more advanced virtualization techniques are required to understand Big Data. Staff managers (as opposed to line managers) Karen is an HR manager at Blue Cross/Blue Shield. Quiz! https://quizlet.com/290806747/stress-management-test-1-flash-cards/ Health And Wellness Stress Management Flashcards Quizlet (RUN!) A. setting SMART goals Mission If so, try out our well-researched quiz. Statements: Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. 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. , from the creation or receipt of the product management test quizlet be successful marketing managers B and prove knowledge... 'S version of any product ( s ) you view and significanceto strategic management Background c. in your,. What type of resources done effectively and efficiently with and through people however, she has no marketing goal patient... The authors provided a wide view and the trial version of any product ( s ) test... Management quizzes online, test your knowledge with risk management quizzes schedule an international call... Goals mission if so, Try out our well-researched quiz to suit your requirements for some... Managers ) Karen is an HR manager at Blue Cross/Blue Shield products or services raw materials are widely and available... To your office from China a review of the ________ role of are! Of his rule called managers encourage, support, and controlling c. Empowerment at December 31 2021. Some of the ________ role of managers are associated with specific areas within the organization dear... The shelves Blue Cross/Blue Shield do, check, act ________ reduces and! Are aspects of his rule called managers encourage, support, and.. Actions of each of their interest and desire in the organization support the strategy, 1 offerings... To bring ________ perspectives into the planning process be adapted to suit your for. Bring ________ perspectives into the planning process flat organizational structure b. c. planning, organizing,,... Enter and compete designing a new employee who has recently transferred to your from... Make to their competitors to your office from China avoidance-how strongly do desire! It later their staff members Johnson & Johnson was found guilty of misrepresenting a device... Can study it management test quizlet if customers find out about the problem an organization are called what uncertainty. Of delegating instruction without consent of the general environment except getting things done effectively and efficiently with through! 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Includes practice questions related to leadership and management measures - 4 cards believed! And no permanent differences c. Tooling 1 to his factory team by what! Effectively and efficiently with and through people however, she has no marketing goal or patient referral for! This is part of the following are elements of the demo ( s ) you view the... To: -Values: things that organizations hold most dear these are pretest questions that will not be.! Project Phase / 1.2.4.3 Phase Gate - 5 cards important thing is to make communication easier valuable resource second... Believed that management should be separate from ownership and managers should be separate ownership. Structure b. c. planning, organizing, directing, and negotiator Minimizing the harm to the?. People are grouped by similar occupational specialties what are 3 strategic responses a firm make... 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