PRINCIPLES OF MANAGEMENT FINAL EXAM
QUESTIONS & VERIFIED CORRECT ANSWERS
1. The Rational Decision Making Process includes the giv- Define the
Problem
en steps below. Drag the items with your mouse Analyze the Problem
to place them into the correct order. Develop Solutions
Determine or Decide
on the Best
Alternative
Takes Steps to Implement
the Decision
2. When evaluating Ford Motor Company using
Porter's Five-Forces Model, we discover that New Entrant
Apple has received a patent for a small, gas-
saving car that will be put onto the market in 2
years. Which of the 5 boxes on the five forces
model would contain this information?
3. These three letters _ _ _stand for MBO a
management tech-nique where employees set
their own tasks and objec-tives, and then work
to achieve them.
true
4. When managers have to make a decision with
limited information, they often rely on
intuition
5. Many definitions of management include these "man- Planning,
Organizing, agement functions" which originated with Henri
Fayol Leading, Controlling (this is not Dr. Koontz's definition)
To get credit, you
must choose all of them.
6. SMART goals are (choose correct items to spell SMART) Specific
,PRINCIPLES OF MANAGEMENT FINAL EXAM
QUESTIONS & VERIFIED CORRECT ANSWERS
Measurabl
e
Attainabl
e
Relevant
Time-
Based
7.
, PRINCIPLES OF MANAGEMENT FINAL EXAM
QUESTIONS & VERIFIED CORRECT ANSWERS
For each empty answer box, find the correct Opportunities
answer and drag it to the empty box. Performanc
The Expectations Cycle is displayed as a circular e
cycle with the word Expectations on top. Perception
Expectations can result in you receiving blank s
which in turn give you
a chance to demonstrate blank and that will
lead to new or revised blank which will in
turn modify others' expectations of you.
8. Is a word that describes the idea that it is
important to piety live out our faith all the time
(24/7), and not just when you are in church or
with other Christians.
9. According to Porter, there really only two basic Low-Cost Leadership
Strate-gies that an organization can pursue. Benefit Leadership
One strategy, blank , is when the company
manufactures lots of in-expensive products for
the market. The other strategy, blank , focuses
on producing differentiated products and
charging a higher price. These strategies will
work in a broad market or in a smaller more
narrow niche market.
Eflciency
10. Blank is a measure of how well resources are
used by
the organization in fulfilling its purpose. This term is of-
Ettectiveness ten confused with blank which describes
how well the organization is achieving its purpose,
goals or ends.
QUESTIONS & VERIFIED CORRECT ANSWERS
1. The Rational Decision Making Process includes the giv- Define the
Problem
en steps below. Drag the items with your mouse Analyze the Problem
to place them into the correct order. Develop Solutions
Determine or Decide
on the Best
Alternative
Takes Steps to Implement
the Decision
2. When evaluating Ford Motor Company using
Porter's Five-Forces Model, we discover that New Entrant
Apple has received a patent for a small, gas-
saving car that will be put onto the market in 2
years. Which of the 5 boxes on the five forces
model would contain this information?
3. These three letters _ _ _stand for MBO a
management tech-nique where employees set
their own tasks and objec-tives, and then work
to achieve them.
true
4. When managers have to make a decision with
limited information, they often rely on
intuition
5. Many definitions of management include these "man- Planning,
Organizing, agement functions" which originated with Henri
Fayol Leading, Controlling (this is not Dr. Koontz's definition)
To get credit, you
must choose all of them.
6. SMART goals are (choose correct items to spell SMART) Specific
,PRINCIPLES OF MANAGEMENT FINAL EXAM
QUESTIONS & VERIFIED CORRECT ANSWERS
Measurabl
e
Attainabl
e
Relevant
Time-
Based
7.
, PRINCIPLES OF MANAGEMENT FINAL EXAM
QUESTIONS & VERIFIED CORRECT ANSWERS
For each empty answer box, find the correct Opportunities
answer and drag it to the empty box. Performanc
The Expectations Cycle is displayed as a circular e
cycle with the word Expectations on top. Perception
Expectations can result in you receiving blank s
which in turn give you
a chance to demonstrate blank and that will
lead to new or revised blank which will in
turn modify others' expectations of you.
8. Is a word that describes the idea that it is
important to piety live out our faith all the time
(24/7), and not just when you are in church or
with other Christians.
9. According to Porter, there really only two basic Low-Cost Leadership
Strate-gies that an organization can pursue. Benefit Leadership
One strategy, blank , is when the company
manufactures lots of in-expensive products for
the market. The other strategy, blank , focuses
on producing differentiated products and
charging a higher price. These strategies will
work in a broad market or in a smaller more
narrow niche market.
Eflciency
10. Blank is a measure of how well resources are
used by
the organization in fulfilling its purpose. This term is of-
Ettectiveness ten confused with blank which describes
how well the organization is achieving its purpose,
goals or ends.
