GMS 200 Final Exam 2024 Questions and Answers (RATED A+)

Intellectual Capital - ANSWER-The shared knowledge of a workforce Globalization - ANSWER-The tedency of businesses and technologies to spread throughout the world Shamrock 3 Leaves - ANSWER-The 3 leaves of almost each and every organization are full time workers, contract workers and aprs-time workers Portfolio Worker - ANSWER-Someone who has up-to-date skills so they can move from job to job Productivity - ANSWER-The quantity and quality go work performance Performance Effectiveness - ANSWER-The output measure of goal accomplishment Performance Efficiency - ANSWER-An input measure of resource cost associated with goal accomplishment Sustainable Innovation - ANSWER-When a business creates new products and production methods that have reduced environmental impacts Specific Environment - ANSWER-Also called task environment, consists of the actual organizations, committees, groups and persons with whom a business interacts with and conducts business with Value Creation - ANSWER-The creation for value for satisfying needs for stakeholders Strategic Positioning - ANSWER-Helping an organization do same things as other business but in different ways Environmental Uncertainty - ANSWER-A lack of information for the external environment of a business or an organization Manager - ANSWER-A person who su