MGT 100 TEST QUESTIONS WITH COMPLETE SOLUTIONS, A+

Globalization - CoRRect SoluTion -A process of interaction and integration -Driven by international trade and investment and aided by information technology -Has effects on environment, culture, economic development and societies Time Management - CoRRect SoluTion The ability to use one's time effectively or productively, especially at work. Time Wasters - CoRRect SoluTion • Stress • Anxiety • Burnout • Procrastination • Perfectionism • Lack of Planning • Unexpected Events • Depression • Ignoring natural tendencies • Emails & Social Media • Losing track of time • Ineffective Studying • Disorganization • Bad Habits • Television Time Management Strategy I - CoRRect SoluTion Knowing what is important to you and what your priorities are allows you to put those things first as you schedule your time, and therefore guides the way you manage your time. Priorities - CoRRect SoluTion - Determining your priorities is a process of deciding which of several options or tasks is most important. - It involves deciding that one thing is more important than another. Priorities can... - CoRRect SoluTion • Change over time • Be influenced by your values and goals • Be different than another person's Time Management Strategy II - CoRRect SoluTion Set goals & make action plans Time Management Strategy III - CoRRect SoluTion - Develop an "Action Plan" - Step by step plans of how you are going to accomplish Time Management Strategy IV - CoRRect SoluTion - The 80/20 Rule (Also known as Pareto's Principle) - 80% of your results come from only 20% of your actions. Time Management Strategy V - CoRRect SoluTion • The Urgent/Important Matrix • Spend time on things that are IMPORTANT and not just urgent. • Important - activities that lead to achieving your goals and have the greatest impact on your life. • Urgent - activities demand immediate attention, but are often associated with someone else's goals rather than your own. • 60 % of the day on Quadrant 2 • 20% of the day on Quadrant 1 • 20% of the day on Quadrants 3&4 Advantages of Email - CoRRect SoluTion EASY REFERENCING SIMPLICITY GLOBALIZED FREE MESSAGING QUICK MESSAGE DELIVERY MULTIMEDIA MESSAGES AUTOMATED LESS EXPENSIVE ENVIRONMENTAL FLEXIBILITY Disadvantages of Email - CoRRect SoluTion DISTRACTING MISUNDERSTANDINGS RUMORS POOR PRIVACY VIRUS INFECTION SPAMMING PASSWORDS OVERLOOKED LACKS CORDIALITY ADDICTION Email Tips - CoRRect SoluTion KEEP IT SHORT MEANINGFUL TITLES and ONE PER TOPIC WATCH CCs & Reply All PROOFREAD NO CHAIN LETTERS AVOID OVER-FLAGGING KNOW YOUR AUDIENCE How to write a good Email - CoRRect SoluTion - Salutation - Title - Get professors name right - Meaningless nicety - Your name and class (specify the assignment) - Real reason for your email - Statement "I tried to do it myself..." - "I have an idea of what you're going to say..." - Super polite restatement of the request - Pleasant Sign off mission statement - CoRRect SoluTion a statement of the purpose of a company - its reason for existing. It should tell you: • what the company intends to do, • how they plan to do it, • and who they intend to do it for. Board of Directors - CoRRect SoluTion In any corporation, the job of the Board is to assess the overall direction and strategy of the business. They are at the absolute top of the corporate chain, and their responsibilities include: Recruiting, training, supervising, and firing executive levels management positions, such as CEO, CFO, and COO. Providing the vision and direction for the company. Fiduciary responsibility in regards to both the company's assets and the investments of shareholders.