MGMT 371 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED
Henri Fayol's Principles of Mgmt
1. Planning
2. Staffing
3. Leading
4. Controlling
5. Organizing
Nomophobia
fear of being without your phone
1% 3% 6%
1% of people are psychopaths
3% of people are sociopaths
60% of people suffer from a mental disorder and are not being treated
What percent of jobs will be eliminated by 2030?
50%
Traditional employee
has one consistent job; one flow of income
Non-traditional employee
someone who works multiple jobs and has a variety of different incomes
*Growing in prevalence and desirability today
,Job satisfaction vs. job fulfillment
JS = liking your job
JF = feeling like you are making an impact
Primary concern of the world's 35 largest corporations?
Talent management
Management
The process of designing, mentoring and maintaining an environment in which
individuals working together in groups and or teams can efficiently achieve a desired
goal
(Timeline) 1900s
Industrial labor relations - "workplace needed discipline"
Scientific management
(Timeline) 1920s
Good economy - hard to retain employees b/c they were always moving to whatever job
had better pay
(Timeline) 1930s
Depression era
Drive mgmt = managers treated workers poorly because they couldn't leave
(Timeline) 1930s - 1950s
WWII - Women enter the workplace
(Timeline) 1950s
, 1/3 of all executives died in office
Lack of succession plans and mgmt training
Rise in HR - considered best job in the US
(Timeline) 1970s
Recession
Labor reduction - programs eliminated
(Timeline) 1980s
Sharper recession
Line manager evolves - hiring, firing, training
Decrease in role of HR
(Timeline) 1990s - 2000s
dot.com boom
People stop trying to think for themselves b/c they rely on the internet for answers
(Timeline) Today
Retention - college graduates lack skills required for the workplace
Decrease in jobs
Employers' #1 issue w/ recent college graduates (TODAY)
1. Ability to evaluate data
2. Organize data
3. Combine data sources + information
4. Synthesize data
Human Capital
the knowledge, skills and abilities embedded in people
COMPLETE SOLUTIONS VERIFIED
Henri Fayol's Principles of Mgmt
1. Planning
2. Staffing
3. Leading
4. Controlling
5. Organizing
Nomophobia
fear of being without your phone
1% 3% 6%
1% of people are psychopaths
3% of people are sociopaths
60% of people suffer from a mental disorder and are not being treated
What percent of jobs will be eliminated by 2030?
50%
Traditional employee
has one consistent job; one flow of income
Non-traditional employee
someone who works multiple jobs and has a variety of different incomes
*Growing in prevalence and desirability today
,Job satisfaction vs. job fulfillment
JS = liking your job
JF = feeling like you are making an impact
Primary concern of the world's 35 largest corporations?
Talent management
Management
The process of designing, mentoring and maintaining an environment in which
individuals working together in groups and or teams can efficiently achieve a desired
goal
(Timeline) 1900s
Industrial labor relations - "workplace needed discipline"
Scientific management
(Timeline) 1920s
Good economy - hard to retain employees b/c they were always moving to whatever job
had better pay
(Timeline) 1930s
Depression era
Drive mgmt = managers treated workers poorly because they couldn't leave
(Timeline) 1930s - 1950s
WWII - Women enter the workplace
(Timeline) 1950s
, 1/3 of all executives died in office
Lack of succession plans and mgmt training
Rise in HR - considered best job in the US
(Timeline) 1970s
Recession
Labor reduction - programs eliminated
(Timeline) 1980s
Sharper recession
Line manager evolves - hiring, firing, training
Decrease in role of HR
(Timeline) 1990s - 2000s
dot.com boom
People stop trying to think for themselves b/c they rely on the internet for answers
(Timeline) Today
Retention - college graduates lack skills required for the workplace
Decrease in jobs
Employers' #1 issue w/ recent college graduates (TODAY)
1. Ability to evaluate data
2. Organize data
3. Combine data sources + information
4. Synthesize data
Human Capital
the knowledge, skills and abilities embedded in people
