ADMN 1000H MIDTERM UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Question:
1. how ppl are managed within an organization
Answer:
Leadership
Question:
2. Strategy
Answer:
decisions made by business managers about how the company will address
political, economic, global, societal, competitive and technological forces
Question:
3. Change
Answer:
shift in how an organization operates
Question:
4. Labour
Answer:
one of the five factors of production, includes all workers in an organization who
contribute their talents and strengths to create goods and services
Question:
5. Structure
Answer:
planned network or pattern of relationships that exists among individuals within an
organization, determines division of labour, span of control, level of formalization
and how centralized decision making is
Question:
6. Specific or Task Environment
Answer:
environment in which particular organization operates, ultimately shaped by the
general environment, includes stakeholders, customers, competitors, suppliers etc
, Question:
7. General Environment
Answer:
environment shared by al organizations in a society, such as economic and
political environments, and technological, societal, competitive and global forces
Question:
8. External Stakeholders
Answer:
individuals or groups who bear some kind of risk (financial, physical etc) as result
of corporations actions. Include such parties as suppliers, government and
society in general. There are ethical and practical reasons to attend to all of their
interests, even when they conflict
Question:
9. Economic Forces
Answer:
economic influences on organizations such as state of economy, unemployment,
inflation, interest rates and gross domestic product
Question:
10. Competitive Forces
Answer:
domestic and foreign competitor influences on organizational decisions.
Competitors are organizations operating in same industry and selling similar
products/services. Competitors may compete in dif ways
Question:
11. Technological Forces
Answer:
environment that exerts influence across industries, playing a central role in how
an organization functions, obtains resources and competes. Changes in
technology permit and demand organizational change
Question:
12. Globalization
Answer:
process involving integration of national economics and the worldwide
convergence of consumer preferences; the process of generating a single world
economic system
QUESTIONS AND CORRECT ANSWERS
Question:
1. how ppl are managed within an organization
Answer:
Leadership
Question:
2. Strategy
Answer:
decisions made by business managers about how the company will address
political, economic, global, societal, competitive and technological forces
Question:
3. Change
Answer:
shift in how an organization operates
Question:
4. Labour
Answer:
one of the five factors of production, includes all workers in an organization who
contribute their talents and strengths to create goods and services
Question:
5. Structure
Answer:
planned network or pattern of relationships that exists among individuals within an
organization, determines division of labour, span of control, level of formalization
and how centralized decision making is
Question:
6. Specific or Task Environment
Answer:
environment in which particular organization operates, ultimately shaped by the
general environment, includes stakeholders, customers, competitors, suppliers etc
, Question:
7. General Environment
Answer:
environment shared by al organizations in a society, such as economic and
political environments, and technological, societal, competitive and global forces
Question:
8. External Stakeholders
Answer:
individuals or groups who bear some kind of risk (financial, physical etc) as result
of corporations actions. Include such parties as suppliers, government and
society in general. There are ethical and practical reasons to attend to all of their
interests, even when they conflict
Question:
9. Economic Forces
Answer:
economic influences on organizations such as state of economy, unemployment,
inflation, interest rates and gross domestic product
Question:
10. Competitive Forces
Answer:
domestic and foreign competitor influences on organizational decisions.
Competitors are organizations operating in same industry and selling similar
products/services. Competitors may compete in dif ways
Question:
11. Technological Forces
Answer:
environment that exerts influence across industries, playing a central role in how
an organization functions, obtains resources and competes. Changes in
technology permit and demand organizational change
Question:
12. Globalization
Answer:
process involving integration of national economics and the worldwide
convergence of consumer preferences; the process of generating a single world
economic system
