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Sophia Principles of Management Unit 1 Milestone 1 exam with correct answers

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Sophia Principles of Management Unit 1 Milestone 1 exam with correct answers

Institution
INTRO TO BUSINESS - SOPHIA
Course
INTRO TO BUSINESS - SOPHIA

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Sophia Principles of Management ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Unit 1 Milestone 1 exam with||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




correct answers ||\\||\\




Sustainable success in business usually: ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




A. improves the brand reputation.
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




B. assures business profitability.
||\\||\\ ||\\||\\ ||\\||\\




C. is required by the federal government.
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




D. benefits society along with the company.
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




[CONCEPT: Overview of Managerial Decision-Making] -||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




correct answers ✔✔D. benefits society along with the
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




company.

,RATIONALE:
Sustainable success involves environmental, societal, and ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




business success. ||\\||\\




A key management quality is having human relations
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




skills, which include_________.
||\\||\\ ||\\||\\




A. monitoring products and services
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




B. understanding employee motivation
||\\||\\ ||\\||\\ ||\\||\\




C. seeing the organization as a whole
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




D. training employees to use technology
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




[CONCEPT: Major Characteristics of the Manager's Job] - ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




correct answers ✔✔B. understanding employee
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




motivation

,RATIONALE:
Human relations skills involve the ability to work with
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




people and understand employee motivation and group
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




processes. These skills allow the manager to become ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




involved with and lead his or her group. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




Adapting and reacting to changing market conditions ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




illustrates the ________________. ||\\||\\ ||\\||\\




A. entrepreneur role
||\\||\\ ||\\||\\




B. informational role
||\\||\\ ||\\||\\




C. monitor role
||\\||\\ ||\\||\\




D. interpersonal role
||\\||\\ ||\\||\\




[CONCEPT: The Role Managers Play] - correct answers ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




✔✔A. entrepreneur role
||\\||\\ ||\\||\\

, RATIONALE:
In the role of entrepreneur, a decisional role, managers
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




seek to improve their businesses, adapt to changing
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




market conditions, and react to opportunities as they ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




present themselves. ||\\||\\




Your boss at a communications company asks you to come
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




up with ideas to prevent customers from switching to
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




competitors, which they can do at a low cost. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




What should you recommend? ||\\||\\ ||\\||\\ ||\\||\\




A. Examine demographic and socioeconomic trends.
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




B. Increase the quality of customer service, adding to the
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




value provided to your customers while decreasing their
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\




frustration levels. ||\\||\\

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Institution
INTRO TO BUSINESS - SOPHIA
Course
INTRO TO BUSINESS - SOPHIA

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