BCOR 370 Exam 1 – 118 Key Concepts & Definitions – Management, Strategy & Ethics – West Virginia University 2026

This document contains 118 structured exam questions and verified answers for BCOR 370 Exam 1 (Houghton) at West Virginia University for 2026. It comprehensively covers foundational management principles including the basic framework of management (planning, organizing, leading, controlling), scientific management (Frederick Taylor, Gilbreths), bureaucracy (Max Weber), the Hawthorne Studies (Elton Mayo), and early organizational theory developments. The material further examines decision-making models (rational decision-making, bounded rationality, satisficing, escalation of commitment), group decision-making advantages and disadvantages, creativity in problem solving, goal setting and planning, strategic management, SWOT analysis, the Boston Consulting Group (BCG) Matrix, and the three competitive strategies (cost leadership, differentiation, focus). In addition, it provides in-depth coverage of ethics, including classical ethical approaches (utilitarian, rights, justice), the Six Pillars of Character, ethical decision-making models, and corporate social responsibility levels (economic, legal, ethical, discretionary). This study guide is particularly suitable for: BCOR 370 students at WVU Principles of Management students Business administration majors Organizational behavior students Strategy and ethics course participants Undergraduates preparing for Exam 1 in management courses It is relevant for courses such as: Principles of Management Introduction to Business Strategic Management Business Ethics Organizational Theory The structured term-and-definition format makes this resource ideal for memorization, conceptual understanding, and multiple-choice or short-answer exam preparation. It reinforces foundational management theory, strategic analysis tools, ethical reasoning frameworks, and social responsibility concepts essential for success in introductory business and management coursework. Keywords: BCOR 370, WVU Exam 1, Principles of Management, Scientific Management, Frederick Taylor, Bureaucracy, Hawthorne Studies, Rational Decision Making, Bounded Rationality, SWOT Analysis, BCG Matrix, Competitive Strategies, Cost Leadership, Differentiation Strategy, Focus Strategy, Strategic Management, Business Ethics, Six Pillars of Character, Social Responsibility, Ethical Decision Making