EXAM 1 REVIEW MGMT 335 | QUESTIONS AND
ANSWERS | 2025/26 UPDATE | RATED 100%
CORRECT!!
How can people be a strategic resource? Answer - Internal resources can form
a sustained competitive advantage
Adds positive value to firm
Unique or rare
Difficult to copy
Cannot be substituted with another resource by competitors
What are the practices of successful organizations who put people first (e.g.,
see people as a strategic resource)? Answer - Employment security
Selective hiring
Design organization with elements of empowered teams and decentralization
Good pay that is contingent on organizational performance
Extensive training and development of employees
Reduce status differences
Establish information sharing
What are the economic benefits to organizations who see people as a strategic
resource? Answer - Reduced turnover
Increased employee performance
,Increased firm financial performance n
What is personality? Answer - Pattern of behavior or thought
Predisposition to act or think a certain way
Part heredity, part by environment
Developed early in life and hard to change
What people do not what people are
What is the Big 5? Answer - What makes us who we are
Conscientiousness
Degree to which one is dependable and reliable
High levels: perform better on your job
Extraversion
Degree to which one is sociable and outgoing
Better at leadership positions
Openness to experience
Degree to which one likes change and to try new things
Emotional stability
Degree to which one can handle stress
Agreeableness
Degree to which one is cooperative and avoids conflict
, What is self-esteem Answer - How do I feel about myself?
High
better performance and job satisfaction
seek out higher prestige
can be excessive
Low
extremely realistic
potential for higher absenteeism
What is self-efficacy? Answer - Task specific confidence
High
Confidence in abilities fosters high performance
More likely to attempt difficult tasks and persist
Low
Less likely to perform
May procrastinate or avoid tasks
What is locus of control? Answer - Internals
They significantly influence outcomes
Less anxious
Set harder goals
ANSWERS | 2025/26 UPDATE | RATED 100%
CORRECT!!
How can people be a strategic resource? Answer - Internal resources can form
a sustained competitive advantage
Adds positive value to firm
Unique or rare
Difficult to copy
Cannot be substituted with another resource by competitors
What are the practices of successful organizations who put people first (e.g.,
see people as a strategic resource)? Answer - Employment security
Selective hiring
Design organization with elements of empowered teams and decentralization
Good pay that is contingent on organizational performance
Extensive training and development of employees
Reduce status differences
Establish information sharing
What are the economic benefits to organizations who see people as a strategic
resource? Answer - Reduced turnover
Increased employee performance
,Increased firm financial performance n
What is personality? Answer - Pattern of behavior or thought
Predisposition to act or think a certain way
Part heredity, part by environment
Developed early in life and hard to change
What people do not what people are
What is the Big 5? Answer - What makes us who we are
Conscientiousness
Degree to which one is dependable and reliable
High levels: perform better on your job
Extraversion
Degree to which one is sociable and outgoing
Better at leadership positions
Openness to experience
Degree to which one likes change and to try new things
Emotional stability
Degree to which one can handle stress
Agreeableness
Degree to which one is cooperative and avoids conflict
, What is self-esteem Answer - How do I feel about myself?
High
better performance and job satisfaction
seek out higher prestige
can be excessive
Low
extremely realistic
potential for higher absenteeism
What is self-efficacy? Answer - Task specific confidence
High
Confidence in abilities fosters high performance
More likely to attempt difficult tasks and persist
Low
Less likely to perform
May procrastinate or avoid tasks
What is locus of control? Answer - Internals
They significantly influence outcomes
Less anxious
Set harder goals
