Management:202 UTK Exam 1 Questions And Answers Practice Questions with Solutions Newest | Already Graded A+

Management:202 UTK Exam 1 Questions And Answers Practice Questions with Solutions Newest | Already Graded A+ Interpersonal Roles - Answer- how a manager interacts with other people Decisional roles - Answer- how a manager uses information in decision making Management Skills - Answer- conceptual, human, technical Ethics - Answer- Laws and values as influences on ethical behavior Ethics in the workplace - Answer- Ethical dilemmas, influences on ethical decision-making, rationalizations for unethical behavior Laws vs Ethics - Answer- Legal behavior is not necessarily ethical behavior, role of personal values, cultural relativism - Answer- ethics are culturally determined and firms should adopt the ethics of the cultures in which they operate What is managerial performance? - Answer- - Accountability and dependency - Changing nature of managerial work The Management Process - Answer- planning, organizing, leading, controlling Productivity - Answer- Overall measure of the quantity and quality of work performance relative to cost of inputs Performance efficiency - Answer- an input measure of resource cost associated with goal accomplishment Mintzberg's Managerial Roles - Answer- interpersonal, informational, decisional Informational Roles - Answer- how a manager exchanges and processes information Moral Absolutism - Answer- Behavior unacceptable in one's home environment should not be acceptable anywhere else ethical imperialism - Answer- imposing one's ethical standards on others Ethical dilemmas - Answer- situations in which none of the available alternatives seems ethically acceptable Moral Management - Answer- employ people who pursue ethical behaviors a personal goal Code of Ethics - Answer- a formal statement of ethical principles and rules of conduct Whistle Blower Protection - Answer- employee disclosure of illegal/immoral practices Social Responsibility - Answer- the obligation of a business to contribute to society Stakeholder Management - Answer- Stakeholder power, demand legitimacy, issue urgency Stakeholder power - Answer- the capacity of the stakeholder to positively or negatively affect the operations of the organization Demand legitimately - Answer- The validity and legitimacy of a stakeholder's interest in the organization. Issue Urgency - Answer- the extent to which a stakeholder's concerns need immediate attention Legal-Political Environment - Answer- laws and regulations, business forms, political trends Technological Environment - Answer- forces that create new technologies, creating new product and market opportunities Socio-Cultural Factors - Answer- demographics, cultural and social values Natural Environment - Answer- nature and conditions of enviornment Inter-organizational Partnerships - Answer- reduce boundaries and increase collaboration with other organizations Innovation in the Enviornment - Answer- Process of putting new ideas into practice The Innovation Process - Answer- Designing, Experimenting, Assessing, Scaling, Imagining Environment and Sustainability: The Triple Bottom Line - Answer- Profit People Planet Global Business - Answer- the buying and selling of goods and services by people from different countries Why do businesses go global? - Answer- Profits Customers Suppliers Capital Labor Risk Global Sourcing - Answer- Purchasing materials and services around the world for local use Exporting - Answer- selling products to another country Importing - Answer- buying products from another country licensing agreement - Answer- a local firm pays a fee to a foreign firm for rights to make or sell its products Foreign Direct Investment Entry Strategies - Answer- Joint ventures, alliances, foreign subsidaries Strategic Alliances - Answer- agreements among two or more independent firms to cooperate for the purpose of achieving common goals such as a competitive advantage or customer value creation Foreign Subsidiaries - Answer- a local operation completely owned by a foreign firm Trade Agreements and Trade Barriers - Answer- World trade organization, most favored nation status, non tariff barriers Regional Economic Alliances - Answer- NAFTA, EU, APEC, ASEAN, SADC NAFTA - Answer- North American Free Trade Agreement EU - Answer- European Union APEC - Answer- Asia-Pacific Economic Cooperation ASEAN - Answer- Association of Southeast Asian Nations SADC - Answer- Southern African Development Community