MGMT EXAM 1 question and answers graded A+ 2023

MGMT EXAM 1 question and answers graded A+ 2023The process of management - correct answer The football excercise that we did in the first day of class is an example of Planning- goal, Organizing - structure Leading- engagement, the people involved Controlling- metrics, measure success - correct answer The four parts to the process of mgmt and explains them Universal studios - diagon alley ◦ Planning- answering all the ?'s like "what would our customers like?" "How much money is going to be involve ?" ◦ Organizing- designing the theme park ◦ Leading- all the the people involved in the project ◦ Controlling- need to measure, hard cost, variable cost - correct answer Example of the process of management in real life ◦ Foundational course for all other smeal courses ◦ Requirement for smeal to graduate ◦ Recruiters will expect you can talk about it ◦ In your first job you will work for a manager - correct answer Why take mgmt Technical language - correct answer Accounting is what language Functional language - correct answer A business major is what language People and organizational language - correct answer Mgmt language is Conversational language - correct answer Business info/literacy language We aspire to high ethical standards We will hold each other accountable And we will not engage in any improper academic or professional behavior - correct answer The three main parts of the smeal honor code Excellent performance Academic integrity Professional behavior * applies equally in workplace and in class - correct answer What is EAP Fortune 500- list of UNITED STATES companies ranked by total revenue Global 500- list of global companies ranked by total revenue - correct answer What is Fortune 500 and global 500 3 elements: Technical Leadership Business (Requirements to be in mgmt) Main point- mgmt is for everyone! - correct answer Explain the three elements that are connected to the "so you think you can dance video?" And what was the key to this video/ main point Create Deliver Capture value - correct answer 3 Part definition of a business model