MGT 300 Exam 1 ACTUAL UPDATED
QUESTIONS AND CORRECT ANSWERS
Due to declining global sales, Wrap-Around Glasses announced that it would lay off 10
percent of its existing workforce over the next few months. This is an example of -
CORRECT ANSWERS✅✅restructuring.
According to Mintzberg's typology, a manager who evaluates the performance of other
managers in different tasks and takes corrective action to improve their performance is a -
CORRECT ANSWERS✅✅monitor.
What technique involves organizing employees into quality control teams so they can find
better ways to perform their jobs? - CORRECT ANSWERS✅✅total quality management
Ramses is a highly effective manager. This implies that he - CORRECT
ANSWERS✅✅chooses appropriate goals and then achieves them
A company asked its managers to focus their efforts on improving the quality of one of its
products. The new product is more advanced than those of its competitors, and customers are
willing to pay more for the higher quality. By _______, this company outperformed its
competitors by producing a product more efficiently and effectively than they did. -
CORRECT ANSWERS✅✅building a competitive advantage
The three steps in planning are deciding which goals to pursue, deciding what strategies to
adopt to attain those goals, and - CORRECT ANSWERS✅✅deciding how to best allocate
resources to attain those goals.
Sanjay is a mechanical engineer who can examine and detect a problem, determine cause and
effect, and provide a solution. This demonstrates _______ skill. - CORRECT
ANSWERS✅✅conceptual
Barbara's Bangles outsells other jewelry designers in her town because it produces jewelry
more efficiently and effectively than its competitors. This demonstrates the company's -
CORRECT ANSWERS✅✅competitive advantage.
, A company that has a high level of efficiency and effectiveness is most likely to produce a -
CORRECT ANSWERS✅✅quality product customers want and at a price they can afford.
A company with a high level of efficiency and a low level of effectiveness is most likely to
produce a - CORRECT ANSWERS✅✅high-quality product that customers do not want.
Teece uses the term _______ to describe a company's ability to identify and assess
opportunities outside the company - CORRECT ANSWERS✅✅sensing
Chris has a job as a sales representative for a pharmaceutical company. The company offers
both quarterly and annual bonuses based on performance. The company also has a profit-
sharing plan for its employees. This demonstrates Fayol's principle of - CORRECT
ANSWERS✅✅remuneration of personnel.
The human relations movement advocates that - CORRECT ANSWERS✅✅supervisors be
behaviorally trained to manage employees.
Norms are - CORRECT ANSWERS✅✅informal codes of conduct among employees in a
particular company.
Henri Fayol believed that in order to increase the efficiency of the management process, it is
essential that - CORRECT ANSWERS✅✅all organizational members are treated with
justice and respect.
Communication among managers in Angelo's business was slowing down the pace of
planning and organizing, so Angelo recently merged some of the company's departments and
cut back on the number of managerial levels. This demonstrates which of Fayol's principles
of management? - CORRECT ANSWERS✅✅line of authority
What practice was advocated by Mary Parker Follett? - CORRECT ANSWERS✅✅Workers
should be allowed to exercise initiative in their everyday work lives.
Administrative management is the study of how to - CORRECT ANSWERS✅✅create an
organizational structure that leads to high efficiency and effectiveness.
QUESTIONS AND CORRECT ANSWERS
Due to declining global sales, Wrap-Around Glasses announced that it would lay off 10
percent of its existing workforce over the next few months. This is an example of -
CORRECT ANSWERS✅✅restructuring.
According to Mintzberg's typology, a manager who evaluates the performance of other
managers in different tasks and takes corrective action to improve their performance is a -
CORRECT ANSWERS✅✅monitor.
What technique involves organizing employees into quality control teams so they can find
better ways to perform their jobs? - CORRECT ANSWERS✅✅total quality management
Ramses is a highly effective manager. This implies that he - CORRECT
ANSWERS✅✅chooses appropriate goals and then achieves them
A company asked its managers to focus their efforts on improving the quality of one of its
products. The new product is more advanced than those of its competitors, and customers are
willing to pay more for the higher quality. By _______, this company outperformed its
competitors by producing a product more efficiently and effectively than they did. -
CORRECT ANSWERS✅✅building a competitive advantage
The three steps in planning are deciding which goals to pursue, deciding what strategies to
adopt to attain those goals, and - CORRECT ANSWERS✅✅deciding how to best allocate
resources to attain those goals.
Sanjay is a mechanical engineer who can examine and detect a problem, determine cause and
effect, and provide a solution. This demonstrates _______ skill. - CORRECT
ANSWERS✅✅conceptual
Barbara's Bangles outsells other jewelry designers in her town because it produces jewelry
more efficiently and effectively than its competitors. This demonstrates the company's -
CORRECT ANSWERS✅✅competitive advantage.
, A company that has a high level of efficiency and effectiveness is most likely to produce a -
CORRECT ANSWERS✅✅quality product customers want and at a price they can afford.
A company with a high level of efficiency and a low level of effectiveness is most likely to
produce a - CORRECT ANSWERS✅✅high-quality product that customers do not want.
Teece uses the term _______ to describe a company's ability to identify and assess
opportunities outside the company - CORRECT ANSWERS✅✅sensing
Chris has a job as a sales representative for a pharmaceutical company. The company offers
both quarterly and annual bonuses based on performance. The company also has a profit-
sharing plan for its employees. This demonstrates Fayol's principle of - CORRECT
ANSWERS✅✅remuneration of personnel.
The human relations movement advocates that - CORRECT ANSWERS✅✅supervisors be
behaviorally trained to manage employees.
Norms are - CORRECT ANSWERS✅✅informal codes of conduct among employees in a
particular company.
Henri Fayol believed that in order to increase the efficiency of the management process, it is
essential that - CORRECT ANSWERS✅✅all organizational members are treated with
justice and respect.
Communication among managers in Angelo's business was slowing down the pace of
planning and organizing, so Angelo recently merged some of the company's departments and
cut back on the number of managerial levels. This demonstrates which of Fayol's principles
of management? - CORRECT ANSWERS✅✅line of authority
What practice was advocated by Mary Parker Follett? - CORRECT ANSWERS✅✅Workers
should be allowed to exercise initiative in their everyday work lives.
Administrative management is the study of how to - CORRECT ANSWERS✅✅create an
organizational structure that leads to high efficiency and effectiveness.
