MGMT 301 RON JON EXAM 1 PSU UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Question:
1. Fortune 500
Answer:
500 largest companies in the US by total revenue
Question:
2. Global 500
Answer:
Largest 500 companiesglobally
Question:
3. the top 5 companies in the world
Answer:
1. Walmart 2.Exxon 3.Chevron 4.Berkshire Hathaway 5.Apple
Question:
4. the three skills you need to be a manager
Answer:
1. Technical skills
2.Leadership skills
3.Business skills
Question:
5. a business model
Answer:
Create and deliver an idea, figure out how to give it to people and make money (monetize)
Question:
6. Whats the difference between B2B, B2C and Hybrid
Answer:
Business to business, business to consumer, both
Question:
7. What kind of business model is Apple?
Answer:
Hybrid B2B B2C
Question:
8. Whats the difference between a manager and a leader
Answer:
Managment: execution (administers,maintains, short range,relies on control,how and when) Leadership:
Strategy (innovates,develops, inspires trust, long range,what and why)
, Question:
9. Why are followers important
Answer:
Shirtless man clip, leaders would be nothing without followers, followers give power
Question:
10. the levels of management for a TRADITIONAL company
Answer:
CEO, Senior MGMT, Middle MGMT, Line MGMT, Non-Managerial MGMT
Question:
11. the levels of management for a NON PROFIT
Answer:
Board of trustees, President, executive directors
Question:
12. What are some examples of a traditional management pyramid and their CEOS
Answer:
Pepsico- Ingrid Nouli , Unilever- Paul Pulman Military, Education, Government, Business
Question:
13. the inverted levels of management
Answer:
Customers, Operating workers, Team Leaders (middle managers), Senior Managers
Question:
14. What is an example of an inverted company structure and its CEO
Answer:
W.L. Gore- Terri Kelly
Question:
15. the three big categories of managers
Answer:
Interpersonal, Informational, decisional
Question:
16. the interpersonal role of a manager
Answer:
to be a figure head, liason and leader
Question:
17. Who is the CEO of xerox and what does she say about managers
Answer:
Ursula Burns and that you need to "lean in" and have something useful to say and bring to your company,
you need to end up in an org where your expertise is valued
QUESTIONS AND CORRECT ANSWERS
Question:
1. Fortune 500
Answer:
500 largest companies in the US by total revenue
Question:
2. Global 500
Answer:
Largest 500 companiesglobally
Question:
3. the top 5 companies in the world
Answer:
1. Walmart 2.Exxon 3.Chevron 4.Berkshire Hathaway 5.Apple
Question:
4. the three skills you need to be a manager
Answer:
1. Technical skills
2.Leadership skills
3.Business skills
Question:
5. a business model
Answer:
Create and deliver an idea, figure out how to give it to people and make money (monetize)
Question:
6. Whats the difference between B2B, B2C and Hybrid
Answer:
Business to business, business to consumer, both
Question:
7. What kind of business model is Apple?
Answer:
Hybrid B2B B2C
Question:
8. Whats the difference between a manager and a leader
Answer:
Managment: execution (administers,maintains, short range,relies on control,how and when) Leadership:
Strategy (innovates,develops, inspires trust, long range,what and why)
, Question:
9. Why are followers important
Answer:
Shirtless man clip, leaders would be nothing without followers, followers give power
Question:
10. the levels of management for a TRADITIONAL company
Answer:
CEO, Senior MGMT, Middle MGMT, Line MGMT, Non-Managerial MGMT
Question:
11. the levels of management for a NON PROFIT
Answer:
Board of trustees, President, executive directors
Question:
12. What are some examples of a traditional management pyramid and their CEOS
Answer:
Pepsico- Ingrid Nouli , Unilever- Paul Pulman Military, Education, Government, Business
Question:
13. the inverted levels of management
Answer:
Customers, Operating workers, Team Leaders (middle managers), Senior Managers
Question:
14. What is an example of an inverted company structure and its CEO
Answer:
W.L. Gore- Terri Kelly
Question:
15. the three big categories of managers
Answer:
Interpersonal, Informational, decisional
Question:
16. the interpersonal role of a manager
Answer:
to be a figure head, liason and leader
Question:
17. Who is the CEO of xerox and what does she say about managers
Answer:
Ursula Burns and that you need to "lean in" and have something useful to say and bring to your company,
you need to end up in an org where your expertise is valued
