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MNGT 3100 EXAM 1 QUESTIONS AND CORRECT ANSWERS

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MNGT 3100 EXAM 1 QUESTIONS AND CORRECT ANSWERS

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4. There are many different types of plans and planning in an organization . Name
three mentioned in the text and explain the purpose of each .


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Strategic- analyizing strength and weakness and using that to compete
Tactical- planning designed to use specific means for 1-3 years
Operational planning- makes goals considering the entire organization




25. When fixed costs account for a large part of total costs , what do companies do ?


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Evaluate how to make them cheaper

, 12. What is the purpose of the Sarbanes - Oxley Act ?


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To make a set code of ethics to promote good ethics




5 What are two traditional managerial control techniques ?


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Top mangers control competitiveness
Low manager control employees




6. What is the difference between triple bottom line and corporate social
responsibility ?


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CSR only deals with social and environmental responsibilities
Triple bottom line deals with those two and economic responsibilities




3. Allowing individuals to work on their own , with little supervision is called : a .
empowerment b . management . c . leadership . d . strategic management


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