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Exam (elaborations)

MGMT 309 Test 1 Questions and Answers (Expert Solutions)

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MGMT 309 Test 1 Questions and Answers (Expert Solutions)

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MGMT 309 Test 1 Questions and Answers
(Expert Solutions)


Q: Various areas of General Environment, 🗹🗹: Economic, Technology, Sociocultural,
political, and international dimensions


Q: Individualism, 🗹🗹: giving priority to one's own goals over group goals and
defining one's identity in terms of personal attributes rather than group identifications


Q: Power Tolerant, 🗹🗹:


Q: What are the various levels of managment, 🗹🗹: top, middle and first line


Q: Hight potentiaal Hight Growth economy, 🗹🗹: measured by the estimated annual
change in a country's potential level of national output.


Q: Behavioral Managment perspective, 🗹🗹: individual attitudes and behavioral; and
group processes


Q: Scientific Managment, 🗹🗹: the application of scientific principles to increase
efficiency in the workplace


Q: Classical Managment, 🗹🗹: studies the way work is organized and the procedures
used to complete a job in order to increase worker productivity


Q: direct influence, 🗹🗹: others try to manipulate us

"buy the brand of cereal the kids ask for"

, Page | 2

Q: Organizational Culture, 🗹🗹: the set of values, ideas, attitudes, and norms of
behavior that is learned and shared among the members of an organization


Q: Functions of Managment, 🗹🗹: planning, organizing, leading, controlling


Q: Environmental Turbulance, 🗹🗹: unexpected changes and upheavals in the
environment of an organization


Q: Sarbanes Oxley Act, 🗹🗹: A law passed by Congress that requires the CEO and CFO
to certify that their firm's financial statements are accurate.


Q: Various environmental legislation, 🗹🗹:


Q: Merger, 🗹🗹: Combination of two or more companies into a single firm


Q: Various Managment Skills, 🗹🗹:


Q: Socio Cultural Forces, 🗹🗹: Cultural values, ideas, and attitudes, as well as
society's morals and beliefs


Q: Social Responsibility, 🗹🗹: the obligation of a business to contribute to society

stakeholders, natural environment, social welfair,


Q: Strategic Agreement, 🗹🗹: arrangement between two companies to undertake a
mutually beneficial project while each retains its independence


Q: Diversity, 🗹🗹: (n.) difference, variety; a condition of having many different types
of forms


Q: Terriff, 🗹🗹: A tax on imported goods

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