MGT 300 EXAM 1 ASU NECK
QUESTIONS AND ANSWERS GRADED A+
2025/2026
Management - ANS Process of working with people and distributing an organization's
resources to achieve goals efficiently, effectively
What are the 4 functions of management? - ANS -Planning
-Organization
-Leading
-Controlling
4 functions of management- Planning: - ANS Determine long-term missions and goals and
business plan to ahcieve goals
4 functions of management- Organization: - ANS Allocation of resources, what needs to be
done for long-term goals
-orchestrating people actions resources decisions to achieve goals
4 functions of management- Leading - ANS Leading and motivating people for goal
achievement
1 @COPYRIGHT 2026 ALLRIGHTS RESERVED.
,4 functions of management- Controlling - ANS Measuring how close we are to achieving goal
and mission
-monitoring activities, measuring results and comparing them w goals
What does O, L, and C for 4 functions of management go back to? - ANS Mission and long-
term goals
Trader Joe's Case- 4 functions of management
Planning, organization, leading, controlling - ANS -Planning- Low costs, unique products,
value
-Organization- non-prim real estate, limited narrow product, no advertising, straight from
supplier, organizational culture
-Leading- Hire for culture, hire managers within and high pay, lowest employee turnover
-Controlling- Sophisticated system for what sells and what doesn't
Dr. Neck recently showed a clip from ShawShank Redemption to illustrate what? - ANS D.
Application of 4 functions of management
Cross Fit Case - 4 functions of Management
Planning, organization, leading, controlling - ANS -Planning- Easy access to create gym w low
capital, viral and social media does marketing for you, Mission is to make fitness accessible to
everyone
-Organization- Very low control over boxes, the box itself, social media free
-Leading- Innovative, empowering
-Controlling- Lawyers, aggressive in-store opening (glassman sells well)
What video did we watch on fruit for 4 functions of management? - ANS Bananas and fungi
2 @COPYRIGHT 2026 ALLRIGHTS RESERVED.
, Strategic Management- - ANS Process involving managers from all parts of the organization
of formulating and implementing strategies to accomplish LONG TERM goals and sustain
competitive advantage
What's are the letters for strategic management process? - ANS DEFINE
Strategic Management Process- - ANS -DEFINE missions and goals
-EVALUATE situation (what they do well)
-FORMULATE plan after mission review
-IMPLEMENT plan
-NOW (cant wait to implement plan)
-EVALUATE performance
In class, we played tic tac toe. What was the purpose of this? - ANS D. Application of define
model
When we studied strategic management, what videos did we watch? - ANS Amazon and
National Audio Company
For Amazon, complete the strategic management process (DEFINE) - ANS DEFINE MISSION-
sell everything to everyone
EVALUATE SITUATION-
FORMULATE PLAN- sell everything to everyone
IMPLEMENT PLAN- technology here to stay
NOW-
EVALUATE PERFORMANCE- prime members, stock prices
3 @COPYRIGHT 2026 ALLRIGHTS RESERVED.
QUESTIONS AND ANSWERS GRADED A+
2025/2026
Management - ANS Process of working with people and distributing an organization's
resources to achieve goals efficiently, effectively
What are the 4 functions of management? - ANS -Planning
-Organization
-Leading
-Controlling
4 functions of management- Planning: - ANS Determine long-term missions and goals and
business plan to ahcieve goals
4 functions of management- Organization: - ANS Allocation of resources, what needs to be
done for long-term goals
-orchestrating people actions resources decisions to achieve goals
4 functions of management- Leading - ANS Leading and motivating people for goal
achievement
1 @COPYRIGHT 2026 ALLRIGHTS RESERVED.
,4 functions of management- Controlling - ANS Measuring how close we are to achieving goal
and mission
-monitoring activities, measuring results and comparing them w goals
What does O, L, and C for 4 functions of management go back to? - ANS Mission and long-
term goals
Trader Joe's Case- 4 functions of management
Planning, organization, leading, controlling - ANS -Planning- Low costs, unique products,
value
-Organization- non-prim real estate, limited narrow product, no advertising, straight from
supplier, organizational culture
-Leading- Hire for culture, hire managers within and high pay, lowest employee turnover
-Controlling- Sophisticated system for what sells and what doesn't
Dr. Neck recently showed a clip from ShawShank Redemption to illustrate what? - ANS D.
Application of 4 functions of management
Cross Fit Case - 4 functions of Management
Planning, organization, leading, controlling - ANS -Planning- Easy access to create gym w low
capital, viral and social media does marketing for you, Mission is to make fitness accessible to
everyone
-Organization- Very low control over boxes, the box itself, social media free
-Leading- Innovative, empowering
-Controlling- Lawyers, aggressive in-store opening (glassman sells well)
What video did we watch on fruit for 4 functions of management? - ANS Bananas and fungi
2 @COPYRIGHT 2026 ALLRIGHTS RESERVED.
, Strategic Management- - ANS Process involving managers from all parts of the organization
of formulating and implementing strategies to accomplish LONG TERM goals and sustain
competitive advantage
What's are the letters for strategic management process? - ANS DEFINE
Strategic Management Process- - ANS -DEFINE missions and goals
-EVALUATE situation (what they do well)
-FORMULATE plan after mission review
-IMPLEMENT plan
-NOW (cant wait to implement plan)
-EVALUATE performance
In class, we played tic tac toe. What was the purpose of this? - ANS D. Application of define
model
When we studied strategic management, what videos did we watch? - ANS Amazon and
National Audio Company
For Amazon, complete the strategic management process (DEFINE) - ANS DEFINE MISSION-
sell everything to everyone
EVALUATE SITUATION-
FORMULATE PLAN- sell everything to everyone
IMPLEMENT PLAN- technology here to stay
NOW-
EVALUATE PERFORMANCE- prime members, stock prices
3 @COPYRIGHT 2026 ALLRIGHTS RESERVED.
