MGMT 3000/1 Exam One Questions With
Complete Answers
Which reason best explains why companies are operating globally? - ANSWER
increased opportunities for growth
The challenges of technology come from the rapid rate of change in which of the
following? (Select every correct answer.) - ANSWER information,
communication, transportation
What are the two primary contributions of knowledge workers? - ANSWER
Problem-solving expertise, development of ideas
______ across boundaries occurs even beyond the boundaries of the
organization to include customers. - ANSWER Collaboration
The key to understanding the success of a company is the ______ the company
holds and sustains. - ANSWER Competitive advantage
Quality is best defined as ______. - ANSWER the excellence of a product, whether
it be goods or services
______ means giving customers what they want or need, when they want it.
Multiple choice question. - ANSWER Service
The process of keeping costs low in order to achieve profits and to be able to
offer prices that are attractive to consumers is called ______. - ANSWER Cost
competitiveness
_________ is the effort to maintain the natural environment while effectively
managing today's business and building tomorrow's business opportunities. -
ANSWER Sustainability
Which statement about the six competitive advantages is true? - ANSWER There
are some trade-offs among the six sources of competitive advantage.
Gathering and coordinating human, financial, physical, informational, and other
resources needed to achieve goals is the function of management called ______.
- ANSWER organizing
, What happens if as a manager, you fail to perform all four management
functions? (Select every correct answer.)
Multiple select question. - ANSWER You may fail to inspire employees to perform
at high levels.
You may not know if you are headed on the right track in meeting goals.
You will not reach your full potential as a manager.
Senior executives responsible for the overall management and effectiveness of
the organization are called ______ managers.
Multiple choice question. - ANSWER top-level
Which level of management is responsible for translating the general goals and
plans developed by strategic managers into more specific objectives and
activities?
Multiple choice question. - ANSWER middle-level managers
What are frontline managers also commonly referred to as?
Multiple select question. - ANSWER operational managers
lower-level managers
supervisors
The ability to motivate and communicate effectively with employees is called
______. - ANSWER leading
What term refers to the fast and timely execution, response, and delivery of
results? - ANSWER Speed
What is the definition of controlling? - ANSWER supervising performance and
making needed changes
Successful managers ______. - ANSWER Have broad responsibilities.
Which statement about innovation is true? - ANSWER Without innovation, a firm
will die.
What is the management function of specifying the goals to be achieved and
deciding in advance the appropriate actions to achieve those goals? - ANSWER
planning
Which statements about must-have management skills are true? (Select every
correct answer.) - ANSWER Managers need a variety of skills to perform their
roles well.
Without technical, conceptual, and communication skills, a manager will not
succeed.
Complete Answers
Which reason best explains why companies are operating globally? - ANSWER
increased opportunities for growth
The challenges of technology come from the rapid rate of change in which of the
following? (Select every correct answer.) - ANSWER information,
communication, transportation
What are the two primary contributions of knowledge workers? - ANSWER
Problem-solving expertise, development of ideas
______ across boundaries occurs even beyond the boundaries of the
organization to include customers. - ANSWER Collaboration
The key to understanding the success of a company is the ______ the company
holds and sustains. - ANSWER Competitive advantage
Quality is best defined as ______. - ANSWER the excellence of a product, whether
it be goods or services
______ means giving customers what they want or need, when they want it.
Multiple choice question. - ANSWER Service
The process of keeping costs low in order to achieve profits and to be able to
offer prices that are attractive to consumers is called ______. - ANSWER Cost
competitiveness
_________ is the effort to maintain the natural environment while effectively
managing today's business and building tomorrow's business opportunities. -
ANSWER Sustainability
Which statement about the six competitive advantages is true? - ANSWER There
are some trade-offs among the six sources of competitive advantage.
Gathering and coordinating human, financial, physical, informational, and other
resources needed to achieve goals is the function of management called ______.
- ANSWER organizing
, What happens if as a manager, you fail to perform all four management
functions? (Select every correct answer.)
Multiple select question. - ANSWER You may fail to inspire employees to perform
at high levels.
You may not know if you are headed on the right track in meeting goals.
You will not reach your full potential as a manager.
Senior executives responsible for the overall management and effectiveness of
the organization are called ______ managers.
Multiple choice question. - ANSWER top-level
Which level of management is responsible for translating the general goals and
plans developed by strategic managers into more specific objectives and
activities?
Multiple choice question. - ANSWER middle-level managers
What are frontline managers also commonly referred to as?
Multiple select question. - ANSWER operational managers
lower-level managers
supervisors
The ability to motivate and communicate effectively with employees is called
______. - ANSWER leading
What term refers to the fast and timely execution, response, and delivery of
results? - ANSWER Speed
What is the definition of controlling? - ANSWER supervising performance and
making needed changes
Successful managers ______. - ANSWER Have broad responsibilities.
Which statement about innovation is true? - ANSWER Without innovation, a firm
will die.
What is the management function of specifying the goals to be achieved and
deciding in advance the appropriate actions to achieve those goals? - ANSWER
planning
Which statements about must-have management skills are true? (Select every
correct answer.) - ANSWER Managers need a variety of skills to perform their
roles well.
Without technical, conceptual, and communication skills, a manager will not
succeed.
