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Exam (elaborations)

Mngt 3100 Exam 3 Questions With Correct Answers

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MNGT 3100 EXAM 3 QUESTIONS WITH CORRECT ANSWERS

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True or false: It is very important for managers to make good decisions because they
are responsible for allocating their organization's scarce resources.


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true




If Melissa wanted to follow the accomplishments of her financial goals, she could
easily compare her actual spending to her _____.


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budget

,Stopping at the very first option that meets your minimally-acceptable criteria, even
though other options yet to be considered may be better, is known as __________.


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satisficing




In the Acquired Needs Theory, the three needs individuals acquire as a result of their
life experiences are:


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power
achievement
affiliation




What key element of HR is related to the careful evaluation and payment of
employees based on their performance, not simply for workplace attendance?


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Compensation and Rewards




__________ is a way to imagine what might go wrong and avoid it before implementing the
decision or having to make adjustments during implementation.


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, A premortem




Compensation can include monetary and non-monetary items. Examples of monetary
benefits include which of the following?


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Commissions or bonuses




A team that manages itself and appoints its own leader is called a __.


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self-managed team




A key financial control, _____ generally refers to making a listing of all planned
expenses and revenues such as a monthly or quarterly projection of what the balance
sheet and income statement will look like based on planned expenses and revenues.


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budgeting




______ happens when communication is hampered because either the sender or the
receiver is upset, whether about the subject at hand or about some unrelated incident

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