MGT 300 Exam 1 ASU Neck Questions
With Correct Answers
Management - CORRECT ANSWER✔✔-Process of working with people and
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distributing an organization's resources to achieve goals efficiently, effectively
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What are the 4 functions of management? - CORRECT ANSWER✔✔--Planning
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-Organization
-Leading
-Controlling
4 functions of management- Planning: - CORRECT ANSWER✔✔-Determine long-
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term missions and goals and business plan to ahcieve goals
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4 functions of management- Organization: - CORRECT ANSWER✔✔-Allocation of
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resources, what needs to be done for long-term goals
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-orchestrating people actions resources decisions to achieve goals
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4 functions of management- Leading - CORRECT ANSWER✔✔-Leading and
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motivating people for goal achievement
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4 functions of management- Controlling - CORRECT ANSWER✔✔-Measuring how
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close we are to achieving goal and mission
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,-monitoring activities, measuring results and comparing them w goals
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What does O, L, and C for 4 functions of management go back to? - CORRECT
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ANSWER✔✔-Mission and long-term goals | | |
Trader Joe's Case- 4 functions of management
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Planning, organization, leading, controlling - CORRECT ANSWER✔✔--Planning-
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Low costs, unique products, value
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-Organization- non-prim real estate, limited narrow product, no advertising,
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straight from supplier, organizational culture
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-Leading- Hire for culture, hire managers within and high pay, lowest employee
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turnover |
-Controlling- Sophisticated system for what sells and what doesn't
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Dr. Neck recently showed a clip from ShawShank Redemption to illustrate what? -
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CORRECT ANSWER✔✔-D. Application of 4 functions of management
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Cross Fit Case - 4 functions of Management
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Planning, organization, leading, controlling - CORRECT ANSWER✔✔--Planning-
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Easy access to create gym w low capital, viral and social media does marketing for
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you, Mission is to make fitness accessible to everyone
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-Organization- Very low control over boxes, the box itself, social media free
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-Leading- Innovative, empowering| |
-Controlling- Lawyers, aggressive in-store opening (glassman sells well)
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, What video did we watch on fruit for 4 functions of management? - CORRECT
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ANSWER✔✔-Bananas and fungi | |
Strategic Management- - CORRECT ANSWER✔✔-Process involving managers from
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all parts of the organization of formulating and implementing strategies to
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accomplish LONG TERM goals and sustain competitive advantage
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What's are the letters for strategic management process? - CORRECT
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ANSWER✔✔-DEFINE
Strategic Management Process- - CORRECT ANSWER✔✔--DEFINE missions and
| | | | | | | |
goals
-EVALUATE situation (what they do well) | | | | |
-FORMULATE plan after mission review | | | |
-IMPLEMENT plan |
-NOW (cant wait to implement plan)
| | | | |
-EVALUATE performance |
In class, we played tic tac toe. What was the purpose of this? - CORRECT
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ANSWER✔✔-D. Application of define model | | | |
When we studied strategic management, what videos did we watch? - CORRECT
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ANSWER✔✔-Amazon and National Audio Company | | | |
For Amazon, complete the strategic management process (DEFINE) - CORRECT
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ANSWER✔✔-DEFINE MISSION- sell everything to everyone | | | | |
With Correct Answers
Management - CORRECT ANSWER✔✔-Process of working with people and
| | | | | | | | |
distributing an organization's resources to achieve goals efficiently, effectively
| | | | | | | |
What are the 4 functions of management? - CORRECT ANSWER✔✔--Planning
| | | | | | | | |
-Organization
-Leading
-Controlling
4 functions of management- Planning: - CORRECT ANSWER✔✔-Determine long-
| | | | | | | |
term missions and goals and business plan to ahcieve goals
| | | | | | | | |
4 functions of management- Organization: - CORRECT ANSWER✔✔-Allocation of
| | | | | | | | |
resources, what needs to be done for long-term goals
| | | | | | | |
-orchestrating people actions resources decisions to achieve goals
| | | | | | |
4 functions of management- Leading - CORRECT ANSWER✔✔-Leading and
| | | | | | | | |
motivating people for goal achievement
| | | |
4 functions of management- Controlling - CORRECT ANSWER✔✔-Measuring how
| | | | | | | | |
close we are to achieving goal and mission
| | | | | | |
,-monitoring activities, measuring results and comparing them w goals
| | | | | | | |
What does O, L, and C for 4 functions of management go back to? - CORRECT
| | | | | | | | | | | | | | | |
ANSWER✔✔-Mission and long-term goals | | |
Trader Joe's Case- 4 functions of management
| | | | | |
Planning, organization, leading, controlling - CORRECT ANSWER✔✔--Planning-
| | | | | | |
Low costs, unique products, value
| | | |
-Organization- non-prim real estate, limited narrow product, no advertising,
| | | | | | | | |
straight from supplier, organizational culture
| | | |
-Leading- Hire for culture, hire managers within and high pay, lowest employee
| | | | | | | | | | | |
turnover |
-Controlling- Sophisticated system for what sells and what doesn't
| | | | | | | |
Dr. Neck recently showed a clip from ShawShank Redemption to illustrate what? -
| | | | | | | | | | | |
CORRECT ANSWER✔✔-D. Application of 4 functions of management
| | | | | | | |
Cross Fit Case - 4 functions of Management
| | | | | | |
Planning, organization, leading, controlling - CORRECT ANSWER✔✔--Planning-
| | | | | | |
Easy access to create gym w low capital, viral and social media does marketing for
| | | | | | | | | | | | | |
you, Mission is to make fitness accessible to everyone
| | | | | | | | |
-Organization- Very low control over boxes, the box itself, social media free
| | | | | | | | | | |
-Leading- Innovative, empowering| |
-Controlling- Lawyers, aggressive in-store opening (glassman sells well)
| | | | | | |
, What video did we watch on fruit for 4 functions of management? - CORRECT
| | | | | | | | | | | | | |
ANSWER✔✔-Bananas and fungi | |
Strategic Management- - CORRECT ANSWER✔✔-Process involving managers from
| | | | | | |
all parts of the organization of formulating and implementing strategies to
| | | | | | | | | | | |
accomplish LONG TERM goals and sustain competitive advantage
| | | | | | |
What's are the letters for strategic management process? - CORRECT
| | | | | | | | | |
ANSWER✔✔-DEFINE
Strategic Management Process- - CORRECT ANSWER✔✔--DEFINE missions and
| | | | | | | |
goals
-EVALUATE situation (what they do well) | | | | |
-FORMULATE plan after mission review | | | |
-IMPLEMENT plan |
-NOW (cant wait to implement plan)
| | | | |
-EVALUATE performance |
In class, we played tic tac toe. What was the purpose of this? - CORRECT
| | | | | | | | | | | | | | |
ANSWER✔✔-D. Application of define model | | | |
When we studied strategic management, what videos did we watch? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-Amazon and National Audio Company | | | |
For Amazon, complete the strategic management process (DEFINE) - CORRECT
| | | | | | | | | |
ANSWER✔✔-DEFINE MISSION- sell everything to everyone | | | | |
