B. consulting, excellent The food truck industry would benefit if there were ________, such as required and restricted licenses. One of the responsibilities of operations managers is to IMPROVE the efficiency of product development and manufacturing. Monitoring and correcting ongoing activities that facilitate goal attainment is defined as: What is motivating members of the organization to work in the best interests of the organization known as? B. The threat of entry, power of suppliers, and threat of substitutes are all low within this industry. 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. WebWho should be involved in Risk Management activities? Workers were able to eliminate movements in product assembly, making labor more efficient. 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. Companies strive to provide a product or service that is distinct, or ________, in some way from their competitors. C. bureaucratic, 1. B. Reporting structure, culture, planning & controlling mechanisms, etc. Competitive Advantage. -Import quotas: limits on the numbers of a product that can be imported Do things right. C. Knowledge-based work can't be observed and broken down for efficiencies like manual labor. Finances Leading. If so, try out our well-researched quiz. -Decision-making: process of identifying problems and opportunities and then resolving them, Programmed (rational) versus non-programmed (non-rational) decisions, -Programmed (rational) decisions: rules developed from frequent occurrences, response to recurring organizational problems Taylor said managers had responsibilities such as To improve products Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization The advertisements for the Apple MacBook show an edge-on image of a MacBook with the caption "MacBook: Light. D. Report the person who caused the problem, B. Management activities are often grouped into four categories. 1. Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. answer choices True False Question 2 20 seconds Q. WebManagement. This set includes 80 practice questions divided into two parts. Research shows that when actions are coordinated and focused on specific outcomes, they are much more effective. B. Bureaucratic Management looked at how large organizations with layers of management could operate in an A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. 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." MASTERCARD B. barriers to entry and new entry threats, buyers' negotiating power 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. A. resource allocator, disturbance handler, and negotiator Guide to understanding how CLEP scores are calculated and credit-granting recommendations for all exams. C. Performing employee reviews. Competitive Advantage. -Must coordinate the efforts of diverse parts of an organization Dr. Kelly will struggle with the planning cycle that recommends B. substitute products -More economic value than competitors. What type of plan does HR assist in developing that deals with benefits and bonuses? A. 1. Then explain one harm associated with both expected and unexpected inflation. She took a goal-setting class and created seven goals for her organization and managers. A. B. Operations management is the management of: When designing a new product, a good schedule helps management? Web1. B. resource allocator B. scheduling chart answer choices Planning, directing, organizing and delegating What is the difference between algorithms and heuristics? A. a competitive advantage The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. Please sign in to share these flashcards. Efficiency. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. Some of these are pretest questions that will not be scored. WebManagement Flashcards. 7. C. Training opportunities WebDefine the Strategic Management Process & Identify the Stages. Manage the actions of each of their staff members 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 , -Team based: (process) workgroups are used to improve horizontal relations and solve problems throughout the organization Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. Prepare the appropriate journal entry to record Ameens 2021 income taxes. Do You Know How To Survive In The Wild? 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. Only Project Team. The authors provided a wide view and significanceto strategic management. Immediately recall the product. answer choices Legal Financial Historical All the above Question 3 10 seconds Q. answer choices True False Question 2 20 seconds Q. C. competitive analysis, 1. -Three phases: 1. WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. E. Manufacturing, . Carefully review the card and then put it in a special place, 1. B. Henry Ford Quiz! Planning is boring. Add to folder sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives. C. Thank her and tell her who authored the report. -Organizations should operate as communities Objectives 3. Goals 4. Determine the quality of the product -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 C. suppliers' negotiating power, threat from substitutes, and rivalry, A. strategic partnerships, research and development, 1. The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. D. Efficiency, A primary goal of quality assurance and control programs is to: A. C. federal regulations, 1. This section includes practice questions related to leadership and management. Being asked to chair a new committee. Google has unusual work teams. -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 D. Equipment upgrades, 19. Kim, a manager at a chiropractic office, created 12 goals and objectives for her organization. -Maslow's hierarchy of needs: physiological, safelty, social, esteem, self-actualization C. planning, organizing, leading, and controlling. C. No, its best to make adjustments for other cultures, 14. This first step in her planning cycle is called Engineers talk to each other across the organization. What is the four functions of management? C. planning, organizing, leading, and controlling. Strategy enables businesses to evaluate the external opportunities and threats that effect their success STRATEGIC MANAGEMENT You need to schedule an international conference call with co-workers that includes managers and employees. Google's motto is "Don't be evil." D. Locate the raw materials needed to productions, A. Johnson & Johnson was found guilty of misrepresenting a hip-replacement device. This refers to the lightweight design and the advanced tech inside. C. Thank her and tell her who authored the report. Prior to Taylor, managers were owners or appointed by the owners with no role beyond oversight. C. process of continual adjustment, 1. One way to temper the profit goal is an explicit statement of 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. Questions and Answers 1. A. Sheryl Sandberg, now COO of Facebook, is great at encouraging fellow employees, but this is usually the ________ role of middle management. A motivation for scientific management, which uses time and motion studies and work standardizations, is to: WebThe exam contains approximately 100 questions to be answered in 90 minutes. 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. What is the consumer surplus in this market? You manage a department with many employees. A. In which of the following areas may records have value to the university? A. -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 B. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. A. Henri Fayol Individualism/collectivism 2. Management has neglected its function of, 1. B. Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. A. informational Contact your college to find out the score required for credit and the number of credit hours granted. The second function is to make sure B. career orientation The process of delegating instruction without consent of the employees Question 8 30 seconds Q. Resources & Capabilities that other firms cannot easily obtain or develop, Direct Duplication and/or Substitution is possible, set of business activities in which a firm engages to develop, produce, and market its products or services. Which is an advantage of a tall organizational structure? Pretax accounting income for 2021 was$50 million. -Two core principles: people orientation, improvement orientation B. planning, hiring, directing, and controlling. These are. A. optimizing the work process and training employees to follow it Introduction Controlling may be the most important management function. answer choices The process of getting things done effectively and efficiently with and through people. B. political, essential, social, technological, ecological, and legal To change production schedules WebDefine the Strategic Management Process & Identify the Stages. -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 B. setting too many goals and objectives Management activities are often grouped into four categories. Thank her and don't mention the report. In order to understand the competitive structure of an industry, analysts use Michael Porter's Five Forces model. Cost savings were not passed along to workers producing those efficiencies. Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization 1.2.4.4 -Project Management Processes - 4 cards. Method for providing feedback 6. WebManagement. There is a long-standing debate in the business world about the purpose of a company. B. B. planning, hiring, directing, and controlling. Provides more opportunities for advancement B. D. Use a pocket dictionary so you can translate words for her, A. Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. -Closed system: little interaction with environment, -Quality control: strategy for minimizing errors by managing each stage of production A. A. industry analysis A. Heartily cooperate with the men to ensure all the work is done in accordance with the science that has been developed. C. Only the managers. B. Only Project Manager. You manage a department with ten employees. A. considering alternatives Model of firm performance that focuses on the resources and capabilities controlled by a firm as sources of competitive advantage. WebManagement. Which is a limitation of scientific management? Better attention to Johnson & Johnson's ________ might have saved the company from litigation and penalties. -Incremental budgeting: allocates increased or decreased funds to a department by using the last budget period as a reference point A good staffing plan C. As many stakeholders as practical. D. Let customers know about the high quality, B. She is not a native English speaker. B. We'll bring you back here when you are done. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. 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