Only Project Team. Competitive Advantage. Walmart has exceptional logistics, but in 2014, Walmart was criticized for unusual shortages. B. defining objectives Only Project Team. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. Operations management is the management of: C. Gantt chart, 1. C. Performing employee reviews. A. diverse, new Why do many interest groups spend their time and money educating citizens on legislative issues and candidates? C. set stretch goals for each employee so they'll be motivated to grow, A. jointly agree on goals, so that the employee commits to the goals, Management: Environments and Strategic Manage, CHAPITRE 2 - LES EPITHELIUMS - les pithlium, Environment and strategic management (Busines, Business management (Planning and Mission) Mo, Information Technology Project Management: Providing Measurable Organizational Value, Service Management: Operations, Strategy, and Information Technology, Operations Management: Sustainability and Supply Chain Management, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine. Accounting Measures and Economic Measures are____________. WebManagement Flashcards. Controlling may be the most important management function. Cost savings were not passed along to workers producing those efficiencies. Medical or vacation benefits A. B. political, essential, social, technological, ecological, and legal -Import quotas: limits on the numbers of a product that can be imported What types of managers are associated with specific areas within the organization? -Mayo: Hawthorne effect, The Human Relationship Movement and the significance of the findings of Maslow (his hierarchy of needs) and McGregor (Theory X versus Theory Y), -Human relations movement: proposed that better human relations could increase worker productivity C. Social network management, 1. 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. Tableau-available from www.tableausoftware. C. Management Scientific The advertisements for the Apple MacBook show an edge-on image of a MacBook with the caption "MacBook: Light. C. Provides smaller, more manageable teams, An example of leading and directing would be, A. A. People are not motivated when they do not have clear goals and do not know what is expected of them. Which is an advantage of a matrix organization? B. value proposition C. Product design schedules A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. WebWho should be involved in Risk Management activities? Domestic U.S. companies conducting a PESTEL analysis consider national growth, employment, inflation, and interest rates. Contact your college to find out the score required for credit and the number of credit hours granted. C. setting an attainable goal, A. measuring the past and not planning for future growth, 1. Finances B. scheduling chart This section includes practice questions related to leadership and management. Financial strength can be a competitive advantage. B. hiring new employees based on their degree or family ties C. Empowerment 1.2.6.2 - Project Benefits Management Plan - 6 cards. Employees B. commitment to the plan Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. (Choose multiple) A. Early behaviorism 2. Max Weber believed that management should be separate from ownership and managers should be protected from arbitrary dismissal. This is called A. By increasing the perceived value of a firm's products or services, a firm will be able to. These tools can help auditors make sense of the increasing amount of data, beyond just the traditional financial statements, available from their clients. Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. B. 1.2.6.2 - Project Benefits Management Plan - 6 cards. Objectives 3. Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. B. vision A. vision Efficiency. -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 Ameen uses straight-line depreciation for financial statement reporting and deducted 100% of the equipments cost for income tax reporting in 2018. Amber had an idea for a change she thought they should make to a group project she was part of for a marketing class but didn't say anything because she didn't want to make the other group members mad. Strategic Management is about identification and description of the strategies that Business -Strategy Implementation WebWho should be involved in Risk Management activities? Strategy enables businesses to evaluate the external opportunities and threats that effect their success STRATEGIC MANAGEMENT B. customers, competitors, supplicants, regulations, and advocacy groups What are 3 strategic responses a firm can make to their competitors? How can interest groups help their members become informed voters? -Maslow's hierarchy of needs: physiological, safelty, social, esteem, self-actualization The percentages next to the main topics indicate the approximate percentage of exam questions on that topic. -Midlife stage: period of growth evolving into stability Heartily cooperate with the men to ensure all the work is done in accordance with the science that has been developed. WebQ. C. Tasks and responsibilities are shared within teams. A. political, economic, social, technological, environmental, and legal Only Project Manager. Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. Which of the following bases of product differentiation is almost always easy to duplicate? Which of the following is needed to help accomplish this task? A. measuring the past and not planning for future growth -Organic: decentralized hierarchy of authority, few rules and procedures, shared tasks, many teams, -Differentiation: tendency of the parts of an organization to disperse and fragment Gantt proposed to mitigate this concern with A. Choose the most appropriate option after reading the following statements. The subject matter of the Principles of Management exam is drawn from the following topics. The best example of a firm following a cost-leadership business strategy is. -Beliefs: assumptions that individuals hold about themselves, their customers and organization D. Let customers know about the high quality, B. Only Project Manager. C. management by objectives, 1. Thank her and don't mention the report. Porter's model includes all of the following EXCEPT: This section includes practice questions related to leadership and management. What is the difference between algorithms and heuristics? Effectiveness. Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. -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 D. Customers 1. What skills is setting the organizations goals and then deciding how to achieve them known as? -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. Manage the actions of each of their staff members Principles Of Management Quiz Questions With Answers, Integrated Management of Childhood Illness (IMCI) Quiz. D. Marketing of the company's products, Human Resources' main focus is: The control process is also described as: 1. -Two core principles: people orientation, improvement orientation 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. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? B. WebManagement function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. C. value proposition, 1. 1. A. informational customers, competitors, suppliers, regulations, and advocacy groups, C. customers, competitors, suppliers, regulations, and advocacy groups, 1. A robust competitive analysis will allow you to focus on those companies that will compete for customers The Bargaining power of the c Part A The skills necessary to accomplish or understand the specific kind of work done in an organization are called what? -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 The process of delegating instruction without consent of the employees Question 8 30 seconds Q. Some of these are pretest questions that will not be scored. The food truck industry would benefit if there were ________, such as required and restricted licenses. Efficiency. The opacity of the language leaves the law open to manipulation on political grounds. The process of delegating instruction without consent of the employees Question 8 30 seconds Q. -Espoused vs enacted: do the actions of employees reflect what is stated, Definition of the organization and organizing, -Organization: system of consciously coordinated activities or forces of two of more people D. Efficiency, A primary goal of quality assurance and control programs is to: Only Project Team. B. make manual labor run more efficiently Introduction B. Pretax accounting income for 2021 was$50 million. B. A. C. a clear mission, 1. A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. B. entrepreneur, employee selector, and negotiator Some of these are pretest questions that will not be scored. Suppose that you are the vice president of operations of a manufacturing firm that sells an industrial lubricant in a competitive market. C. Training opportunities This is Google's -Incremental Model: managers take small, short term steps to alleviate a problem, rather than steps that will accomplish the long term solution -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 One of his rules was that 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 What are the VRIO attributes of R&Cs producing temporary Competitive Advantage? Management by objectives is Peter Drucker's version of goal setting. B. The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. 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