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Exam (elaborations)

Exam (elaborations) MGMT

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entails questions and answers

Institution
MGMT
Course
MGMT

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,What is the difference between effectiveness and efficiency? - CORRECT ANSWERS-
efficiency is doing things right; effectiveness is doing the right things

Who coined the following quote?
I wish to do something Great and Wonderful...But I must first start by doing the little
things...Like they were great and wonderful... - CORRECT ANSWERS-Albert Einstein

One important ingredient for living your purpose is learning, a curiosity and desire to get
better and better at doing what you love. T/F - CORRECT ANSWERS-True

A product or service that is valuable but is not rare, has what is called Competitive
Parity. T/F - CORRECT ANSWERS-True

Delivering a product or service that is of real value to the customer. - CORRECT
ANSWERS-value

Match the following statements with their corresponding part of the competitive
advantage framework.

Delivering a product or service that is difficult to find. - CORRECT ANSWERS-Rare

Match the following statements with their corresponding part of the competitive
advantage framework.

Innovating products or services that are not easy to imitate or duplicate. - CORRECT
ANSWERS-Imitable

Match the following statements with their corresponding part of the competitive
advantage framework.

Providing the product or service in a high quality fashion. - CORRECT ANSWERS-
Organization

Do managers that work in different types of organizations perform the same tasks? -
CORRECT ANSWERS-Yes, for the most part

According to the text, all managers perform many of the same tasks and face many of
the same challenges. Select the choice below which is not mentioned by the text as
something all managers have in common. - CORRECT ANSWERS-work within a limited
budget

Competency development is quickly emerging as an opportunity for managers to stay at
the forefront of organizational effectiveness. T/F - CORRECT ANSWERS-True

, The lessor the level of competence specificity provided in the the statement, the more
understandable, accessible, and predictable the competency will be with regards to its
criterion. T/F - CORRECT ANSWERS-False

Middle managers are responsible for _____ the policies and plans of the top managers.
- CORRECT ANSWERS-implementing

Middle managers usually hold the positions of plant, regional, or divisional managers.
T/F - CORRECT ANSWERS-True

Getting tasks done correctly with the appropriate use of resources is called efficiency.
T/F - CORRECT ANSWERS-True

Managers use the organizing function of management when they coordinate the
resources needed to achieve organizational goals. T/F - CORRECT ANSWERS-True

Planning is not one of the best ways for managers to directly influence the performance
of their organization. T/F - CORRECT ANSWERS-False

Planning function of management seeks input from people throughout the organization
in order to create a plan that will work for the organization as a whole. T/F - CORRECT
ANSWERS-True

A manager that scans the organization, seeks out information, and uses that information
to create ways to correct poor performance is playing the role of:______ - CORRECT
ANSWERS-Monitor

Figureheads tend to give direct commands and orders, make decisions about the use of
resources, incorporate employees input, and rally employees around organizational
goals. T/F - CORRECT ANSWERS-False

A _____ is a representative of a department or organization; they perform ceremonial
duties for the organization. - CORRECT ANSWERS-Figurehead

As managers find themselves unprepared to respond to the challenges that came along
with increasing innovation and new societal demands, they have to seek out old
techniques, methods, and skills. T/F - CORRECT ANSWERS-False

Scientific management principal states managers don't need to study how workers
perform their job and survey their knowledge. T/F - CORRECT ANSWERS-False

According to Max Weber and his Principles of Bureaucracy, Authority is the power to
keep people accountable for the actions as well as the right to make decisions
concerning organizational resource usage. Authority allows a manager to give direction
to their employees and those employees must obey. T/F - CORRECT ANSWERS-True

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Institution
MGMT
Course
MGMT

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