MGMT 501 Test 1 Exam UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

MGMT 501 Test 1 Exam UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS 5 Stages of a Team - CORRECT ANSWER 1. Forming 2. Storming 3. Norming 4. Performing 5 Adjourning B.H.A.G - CORRECT ANSWER Stages: Big Hairy Audacious Goals Vision Serves 3 Functions - CORRECT ANSWER 2. Simplifies 100s & 1000s of decisions 3. Helps coordinate actions of people What is a Vision Statement? - CORRECT ANSWER - where we should go - why we should go - when we should go The Bases of Power - CORRECT ANSWER 2. Reward 3. Legitimate 4 Expert 5. Referent 1. Clarifies Direction A story about the future. 1. Coercive Where do you find power? (Locating Power) - CORRECT ANSWER Departmental & Individual Where do you find power? (Departmental) - CORRECT ANSWER - Place on Committees - Number of Employees - Budget Allocation - Location of Offices Where do you find power? (Individual) - CORRECT ANSWER - Ability to intercede - Approval for spending - Items on the agenda - Access to top brass Power Tactics (7) - CORRECT ANSWER - Coalition - Bargaining - Assertiveness - Higher Authority - Sanctions - Reason 3 Types of Networks - CORRECT ANSWER - Advice - Communication - Friendliness - Trust What Creates Dependency? - CORRECT ANSWER Departmental: