MGT3000 Ch. 1 Part Two Exam 2025
Questions and Answers
Management in a small business is __ important as management in a large organization. -
ANS equally as
managers in small bus often see most imp roles as being a ___ for hte bus and acting as an ___ -
ANS spokesperson, entrpeneur
managers in nonprofit organizations dir efforts/ apply four functs of mngment to __ -
ANS make social impact (not towards gen profit)
managers ins small bus tend to emphasize roles __ from those of managers in large corps -
ANS different
managers in nonprofit orgs need to ____ and also have trouble with what ____ bc they have to
measure ___ like "improving public health" - ANS keep costs low, constitutes effectiveness,
intangibles
The roles of ___, ___, and ___ are critical for managers in nonprofit organizations. -
ANS spokesperson, leader, resource allocator
management in all orgs- large small and nonprofit- carefully __ and ___ the mgnemnt functions
and roles to meet challenges w in their own circumstances and keep orgs healthy -
ANS integrate, adjust
Pg. 1 Copyright © 2025 Jasonmcconell. ALL RIGHTS RESERVED.
, Medifast, a company that makes weight-loss products, recently transitioned from owning
weight-loss centers to operating them as franchises, a new business model for the firm. What
benefit could CEO Michael C. MacDonald gain from an awareness of the history of
management?
By studying patterns that recur in different eras, he can see what management tools will work
best in his company's environment.
Through understanding how organizations have worked in the past, he can ensure that
Medifast does not repeat past practices, instead adopting an entirely innovative approach.
He can document other companies' successes, especially as they have recovered from
adversity, and show his managers there is no excuse for failure. - ANS by studying pattersn
that recur he can learn what works best w his companys environment
innovative mngment thinking focuses on creating bens from limited resources- 2 ex of this
include - ANS jugaad, frugal engineering
indian word and american word for it that refers to creating somthing of benefit from lim res/
strives to meet custs immediate needs quickly and inexpensively - ANS jugaad, frugal
engineering
3 ways history of mngment matters - ANS broadens way of thinking, dsicoer patterns taht
recur over time, learn from others mistakes and successes
Studying management history helps your __ skills - ANS conceptual
part of mngment history is understanding how _, __, and __ forces have influenced orgs and
practice of mngmt - ANS social, political, economic
aspects of a culture that guide and influence relationships among people - ANS social force
Pg. 2 Copyright © 2025 Jasonmcconell. ALL RIGHTS RESERVED.
Questions and Answers
Management in a small business is __ important as management in a large organization. -
ANS equally as
managers in small bus often see most imp roles as being a ___ for hte bus and acting as an ___ -
ANS spokesperson, entrpeneur
managers in nonprofit organizations dir efforts/ apply four functs of mngment to __ -
ANS make social impact (not towards gen profit)
managers ins small bus tend to emphasize roles __ from those of managers in large corps -
ANS different
managers in nonprofit orgs need to ____ and also have trouble with what ____ bc they have to
measure ___ like "improving public health" - ANS keep costs low, constitutes effectiveness,
intangibles
The roles of ___, ___, and ___ are critical for managers in nonprofit organizations. -
ANS spokesperson, leader, resource allocator
management in all orgs- large small and nonprofit- carefully __ and ___ the mgnemnt functions
and roles to meet challenges w in their own circumstances and keep orgs healthy -
ANS integrate, adjust
Pg. 1 Copyright © 2025 Jasonmcconell. ALL RIGHTS RESERVED.
, Medifast, a company that makes weight-loss products, recently transitioned from owning
weight-loss centers to operating them as franchises, a new business model for the firm. What
benefit could CEO Michael C. MacDonald gain from an awareness of the history of
management?
By studying patterns that recur in different eras, he can see what management tools will work
best in his company's environment.
Through understanding how organizations have worked in the past, he can ensure that
Medifast does not repeat past practices, instead adopting an entirely innovative approach.
He can document other companies' successes, especially as they have recovered from
adversity, and show his managers there is no excuse for failure. - ANS by studying pattersn
that recur he can learn what works best w his companys environment
innovative mngment thinking focuses on creating bens from limited resources- 2 ex of this
include - ANS jugaad, frugal engineering
indian word and american word for it that refers to creating somthing of benefit from lim res/
strives to meet custs immediate needs quickly and inexpensively - ANS jugaad, frugal
engineering
3 ways history of mngment matters - ANS broadens way of thinking, dsicoer patterns taht
recur over time, learn from others mistakes and successes
Studying management history helps your __ skills - ANS conceptual
part of mngment history is understanding how _, __, and __ forces have influenced orgs and
practice of mngmt - ANS social, political, economic
aspects of a culture that guide and influence relationships among people - ANS social force
Pg. 2 Copyright © 2025 Jasonmcconell. ALL RIGHTS RESERVED.
