Mgmt1200Exam Questions And Answers Practice Questions with Solutions Newest | Already Graded A+

Mgmt1200Exam Questions And Answers Practice Questions with Solutions Newest | Already Graded A+ What are Mintzberg's 3 managerial roles? - Answer- Managers perform three main types of roles: interpersonal roles (working with people and relationships), informational roles (collecting and sharing information), and decisional roles (making decisions and solving problems). What are interpersonal roles? - Answer- Roles where managers interact with people inside and outside the organization, focusing on relationships, leadership, and communication. What are informational roles? - Answer- Roles where managers gather, process, and share information to support decision-making and organizational functioning. What are decisional roles? - Answer- Roles where managers use information to make decisions, solve problems, and allocate resources. Figurehead role - Answer- A symbolic role where a manager performs ceremonial duties and represents the organization publicly. Leader role - Answer- Involves motivating, guiding, and managing employees to achieve organizational goals. Liaison role - Answer- Involves building relationships and networks with people outside the organization. Monitor role - Answer- Involves collecting information from internal and external sources to understand what is happening in the organization. Disseminator role - Answer- Involves sharing important information with employees inside the organization. Spokesperson role - Answer- Involves communicating information to people outside the organization such as stakeholders or the public. Entrepreneur role - Answer- Involves identifying opportunities for improvement and initiating change or innovation within the organization. Disturbance handler - Answer- Involves dealing with unexpected problems, conflicts, or crises. Resource allocator - Answer- Involves deciding how to distribute resources such as money, time, and employees. Negotiator - Answer- Involves representing the organization in negotiations and agreements. What are technical skills? - Answer- The ability to perform specific tasks using tools, techniques, or specialized knowledge. What are human skills? - Answer- The ability to work effectively with people, including communication and teamwork. What are conceptual skills? - Answer- The ability to understand the big picture and how different parts of the organization connect. What is a programmed decision? - Answer- A routine decision made using established rules or procedures for repetitive problems. What is a nonprogrammed decision? - Answer- A complex and unique decision that requires judgment and creativity because there are no clear rules. What is the reflective system? - Answer- A slow, logical, and analytical way of thinking used for complex decision-making. What is the reactive system? - Answer- A fast, intuitive, and emotional way of thinking used in urgent situations. What is bounded rationality? - Answer- The idea that decision-makers cannot consider all possible alternatives due to limited time, information, and cognitive ability. What is escalation of commitment? - Answer- The tendency to continue investing in a bad decision despite negative outcomes. What is utilitarian ethics? - Answer- An ethical approach that focuses on achieving the greatest good for the greatest number of people. What are rights-based ethics? - Answer- An approach that focuses on protecting individual rights and freedoms. What is justice ethics? - Answer- An approach focused on fairness, equality, and consistent treatment of individuals. What is reward power? - Answer- Power based on the ability to give rewards such as bonuses, promotions, or recognition. What is coercive power? - Answer- Power based on the ability to punish or create negative consequences, causing compliance through fear. What is legitimate power? - Answer- Power that comes from a formal position or authority within an organization. What is expert power? - Answer- Power based on knowledge, skills, or expertise that others value. What is referent power? - Answer- Power based on being liked, respected, or admired by others. What is Maslow's hierarchy of needs? - Answer- A theory that describes five levels of human needs, from basic survival needs to self-actualization. What is equity theory? - Answer- A theory that states people are motivated based on fairness by comparing their inputs and outcomes to others. What is expectancy theory? - Answer- A theory that states people are motivated when they believe effort will lead to good performance and rewards. What is SWOT analysis? - Answer- A tool used to analyze a firm's strengths, weaknesses, opportunities, and threats. What is Porter's Five Forces? - Answer- A framework used to analyze competition in an industry including rivalry, entry threats, substitutes, and bargaining power. What is a mechanistic structure? - Answer- A rigid, hierarchical organizational structure with clear roles and centralized decision-making. What is an organic structure? - Answer- A flexible, decentralized structure that encourages communication and adaptability. Programmed vs Nonprogrammed decision - Answer- Programmed decisions are routine and rule-based, while nonprogrammed decisions are complex and require judgment. Mechanistic vs Organic structure - Answer- Mechanistic structures are rigid and hierarchical, while organic structures are flexible and adaptable. Leader vs Manager - Answer- A leader focuses on inspiring and influencing people, while a manager focuses on planning, organizing, and controlling.