MGMT 371 - Test 1 Study Guide (Ole Miss,
Johnson) Exam Questions with Complete
Solutions
What skills do Managers need? - Technical skills
- Conceptual skills
- Human skills
Technical skills - Knowledge and proficiency in a specific field
Conceptual skills - The ability to think and conceptualize about abstract and complex
situations concerning the organization
Human skills - The ability to work well with other people. Soft skills that engage others
Most valued traits in managers? - Be able to communicate
- Be able to motivate and engage others
- Global work experience
- High energy
- The ability to handle multiple tasks simultaneously
Managerial responsibilities - Interpersonal Roles - Managers Interact
,>Figurehead - Icon for company
>Leader - Influencing others
>Mintzberg found that managers work long hours.
>Liaison - Social networks
- Informational Roles - Managers communicate
>Monitor - Information seeking
>Disseminator - Share information.
>Mintzberg found that managers rely on verbal more than written communication. Has this
changed?
>Spokesperson - Speaks for company
Decisional Roles - Managers decide
>Entrepreneur/Intrapreneur - Find new revenue streams
>Disturbance Handler - Settle conflict
>Resource Allocator
>Negotiator - Represent the company in agreements
Value is derived from managerial activities!
The Great Pyramid 230m x 230m x 150m (covers 13 acres)
Materials: Limestone quarried from a distance and granite imported from a distance
2.3 Million Blocks, each weighing 2-80 tons
Several theories of labor
Greeks believed that slave labor was used, however..
, modern discoveries say otherwise
- Two gangs of 100k skilled laborers, divided into 5 zaa
- Further divided into groups of skills
Less than half a mm between blocks
All with not iron tools or pulleys.
Business Ethics Why do we care about business ethics in particular?
-Complex relationships of people and organizations
-Exchange relationships permeate our lives
Ethics is the study of what is good or right for humans (and beyond).
-What should we do and in pursuit of what outcomes?
Ethics and the law are not the same thing.
-Just because something is ethical doesn't make it legal
-And vice versa
Ethics and religion are not the same thing
-Lots of overlap, but not always
Free markets and ethics Business is based in the moral foundations of a free market
system.
Key word is "Free"
-Fundamental assumption is that all people are equal. No one is superior.
-"Free" from the coercion of others. "Free" to engage in exchange.
Johnson) Exam Questions with Complete
Solutions
What skills do Managers need? - Technical skills
- Conceptual skills
- Human skills
Technical skills - Knowledge and proficiency in a specific field
Conceptual skills - The ability to think and conceptualize about abstract and complex
situations concerning the organization
Human skills - The ability to work well with other people. Soft skills that engage others
Most valued traits in managers? - Be able to communicate
- Be able to motivate and engage others
- Global work experience
- High energy
- The ability to handle multiple tasks simultaneously
Managerial responsibilities - Interpersonal Roles - Managers Interact
,>Figurehead - Icon for company
>Leader - Influencing others
>Mintzberg found that managers work long hours.
>Liaison - Social networks
- Informational Roles - Managers communicate
>Monitor - Information seeking
>Disseminator - Share information.
>Mintzberg found that managers rely on verbal more than written communication. Has this
changed?
>Spokesperson - Speaks for company
Decisional Roles - Managers decide
>Entrepreneur/Intrapreneur - Find new revenue streams
>Disturbance Handler - Settle conflict
>Resource Allocator
>Negotiator - Represent the company in agreements
Value is derived from managerial activities!
The Great Pyramid 230m x 230m x 150m (covers 13 acres)
Materials: Limestone quarried from a distance and granite imported from a distance
2.3 Million Blocks, each weighing 2-80 tons
Several theories of labor
Greeks believed that slave labor was used, however..
, modern discoveries say otherwise
- Two gangs of 100k skilled laborers, divided into 5 zaa
- Further divided into groups of skills
Less than half a mm between blocks
All with not iron tools or pulleys.
Business Ethics Why do we care about business ethics in particular?
-Complex relationships of people and organizations
-Exchange relationships permeate our lives
Ethics is the study of what is good or right for humans (and beyond).
-What should we do and in pursuit of what outcomes?
Ethics and the law are not the same thing.
-Just because something is ethical doesn't make it legal
-And vice versa
Ethics and religion are not the same thing
-Lots of overlap, but not always
Free markets and ethics Business is based in the moral foundations of a free market
system.
Key word is "Free"
-Fundamental assumption is that all people are equal. No one is superior.
-"Free" from the coercion of others. "Free" to engage in exchange.
