MGMT 3013 Exam 1 (Ch. 1-4)
Questions and Answers 100% Pass
A group of people who work together to achieve some specific purpose is/are called -
✔✔an organization
Elian, a manager at a busy restaurant, was very careful about how he scheduled his
personnel, making sure everyone was busy during work, and he carefully watched his
other costs too, getting competitive bids from suppliers on a regular basis. Elian would
best be described as a(n) _____ manager. - ✔✔efficient
The ability of an organization to produce goods or services more effectively than its
competitors is called its - ✔✔competitive advantage
Which of the following is NOT an area in which an organization must stay ahead of its
competitors to achieve competitive advantage?
A. Market share growth
B. Being responsive to customers
C. Innovation
D. Quality
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, E. Efficiency - ✔✔A. Market share growth
The concept of a "flat" world means - ✔✔globalization has leveled the playing field for
emerging economies
Economic development that meets the needs of the present without compromising the
ability of future generations to meet their own needs is known as - ✔✔sustainability
Jerome is a clinic director running a facility in an urban area for a large non-profit
health organization. He receives most of his strategic direction from the organization
and supervises several department managers in his workplace. Jerome is a - ✔✔middle
manager
The Salvation Army and the Red Cross are examples of which type of organization? -
✔✔non-profit
__________ means taking risks to try to create a new enterprise. - ✔✔Entrepreneurship
The defining difference between an entrepreneur and an intrapreneur is that the latter -
✔✔works within an existing organization, using its resources to exploit an opportunity.
______ skills consist of the job-specific knowledge needed to perform well in a
specialized field. - ✔✔Technical
Human skills are important for ________ managers. - ✔✔all levels of
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Questions and Answers 100% Pass
A group of people who work together to achieve some specific purpose is/are called -
✔✔an organization
Elian, a manager at a busy restaurant, was very careful about how he scheduled his
personnel, making sure everyone was busy during work, and he carefully watched his
other costs too, getting competitive bids from suppliers on a regular basis. Elian would
best be described as a(n) _____ manager. - ✔✔efficient
The ability of an organization to produce goods or services more effectively than its
competitors is called its - ✔✔competitive advantage
Which of the following is NOT an area in which an organization must stay ahead of its
competitors to achieve competitive advantage?
A. Market share growth
B. Being responsive to customers
C. Innovation
D. Quality
Brittie Donald, All Rights Reserved © 2025 1
, E. Efficiency - ✔✔A. Market share growth
The concept of a "flat" world means - ✔✔globalization has leveled the playing field for
emerging economies
Economic development that meets the needs of the present without compromising the
ability of future generations to meet their own needs is known as - ✔✔sustainability
Jerome is a clinic director running a facility in an urban area for a large non-profit
health organization. He receives most of his strategic direction from the organization
and supervises several department managers in his workplace. Jerome is a - ✔✔middle
manager
The Salvation Army and the Red Cross are examples of which type of organization? -
✔✔non-profit
__________ means taking risks to try to create a new enterprise. - ✔✔Entrepreneurship
The defining difference between an entrepreneur and an intrapreneur is that the latter -
✔✔works within an existing organization, using its resources to exploit an opportunity.
______ skills consist of the job-specific knowledge needed to perform well in a
specialized field. - ✔✔Technical
Human skills are important for ________ managers. - ✔✔all levels of
Brittie Donald, All Rights Reserved © 2025 2
