C483 Principles of Management Study Guide 2024 complete 100% scored solution 2024 Western, Exams of Business Fundamentals

Download C483 Principles of Management Study Guide 2024 complete 100% scored solution 2024 Western and more Exams Business Fundamentals in PDF only on Docsity! C483 Principles of Management Study Guide 2024 complete 100% scored solution 2024 Western Governors University • A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? o delivery of products and services • What happens when an effective value chain is created? o profit margins are increased • Industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process o analysis of external opportunities and threats • Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis? o Strengths • What denotes skill or expertise in an activity that constitutes the roots of competitiveness in an organization? o core competencies • According to Michael Porter's competitive environment model, how can suppliers influence strategic planning? o Suppliers can reduce manufacturing time and increase product quality • A company offers unique products in its industry to create a competitive advantage. Which type of strategy is the company using? o customization • Happy Inc., is a leading provider of family entertainment and BCD is a broadcasting company with news, cable and entertainment networks. Happy Inc., recently acquired BCD in hopes of boosting its primary business of family entertainment. which type of corporate strategy is represented by Happy Inc.'s purchase of their distribution network? o vertical integration o Promote affective conflict. • Which activity should management use to encourage intrapreneurship within an organization? o Provide employees extra training opportunities • Which type of control system is being implemented when management uses prices, profit centers, and exchange relationships as a control? o market control. • A store that has had a high rate of employee theft wants to use an employee selection technique to hire new employees who are less likely to steal from them. Which type of employee selection instrument is most appropriate in this situation? o integrity testing. • A corporation recently disbanded its flex time schedule for employees and now requires that all employees work 9 am to 6 pm Monday through Friday. the employees banded together in opposition of the change. What were the employees experiencing? o abilene paradox • The manager of the HR department at a corporation agreed to authorize one-hour breaks for all employees of the organization as long as the production manager agreed to shorten the morning and afternoon breaks of all employees to 15 minutes. Which approach were the managers using to enlist cooperation for the change? o facilitation and support • The management function of monitoring performance and making needed changes? o Controlling • During a final job interview, the hiring manager asks candidates about age and national origin. Some of the rejected candidates suspect they did not get the job because of their age. Which law covers this type of discrimination? equal employment opportunity. • A corporation offers concrete incentives such as higher wages for cooperation with change. Which strategy is the corporation using to overcome resistance to change? o negotiation and reward. • After a major budget increase, a company finds itself in a position to hire 50 new employees. How can strategic HR planning benefit the company in this situation? o By organizing staffing needs and looking for people with the right skills. • The functions of management are? o organizing, planning, controlling, stimulating • What is the last step to Deming's 14 points of quality management? o Take action to accomplish the transformation. • In which situation does religious preference inappropriately affect decision-making? o A publicly traded company has a policy limiting financial donations to one religious group. • A younger employee becomes irritated by the sound of an older employee's voice and finds it difficult to work on projects with the older employee. This has caused conflict in the department. What is the source of conflict between the older and younger employees? o personal variables • A visually-impaired person has been hired to work in the HR department of a small company. Which workplace accommodations would be reasonable in this situation? o The company will purchase a large computer and a braille keyboard. • A supervisor assigned office space to three new employees, the employees were upset by the offices they were given. The first • Which personality characteristics are believed to contribute to an entrepreneur's success? o Determination • Which activity should management use to encourage entrepreneurship within an organization? o Encourage employees to work on informal job assignments • What can managers do to encourage useful conflict during a meeting to lessen inhibition about disagreeing and make the conflict less personal? o Involve others in collaboration • Why is consideration of intentions important in conflict situations? o People respond based on their interpretation of others' intentions. • What describes dimensions of conflict-handling intentions? o Cooperativeness and assertiveness • A supervisor assigned office space to three new employees. The employees were upset by the offices they were given. The first had a large office but wanted a window, the second had a new computer but wanted room for some plants, and the third had a window but needed high-speed computing to perform the job well. Which conflict resolution technique can the supervisor use to create a win-win solution for these employees? o Expansion of resources • A corporation is experiencing dysfunction in their work teams. The team leader plans to realign work groups based on employees' work locations, and also to alter rules and regulations in the groups and make additional changes to "shake things up a bit." Which conflict-stimulation technique is the team leader applying? o Restructuring the organization • The manager of the human resources department at a corporation agreed to authorize one-hour lunch breaks for all employees of the organization as long as the production manager agreed to shorten the morning and afternoon breaks of all employees to 15 minutes. Which approach were the managers using to enlist cooperation for the change? o Negotiation and reward • In the five dimensions of Hackman and Oldham's model of job design, what does autonomy describe? o Independence and discretion in making decisions • When selecting an organizational structure, which key elements should be considered? o Differentiation and integration • What is the best way to succeed in a matrix organizational structure? o Collaboration • Four small, independent organizations, each with its own type of expertise, plan to work together for six months for the sole purpose of developing a new product that will help each of them improve their ability to compete with larger organizations. Which type of organization does their relationship characterize? o Virtual organization • Which formal structure allows job holders to have broad responsibilities, accommodates decentralized and informal decision making, and values expertise? o Organic • One manager is responsible for all functional areas allowing the company to sell Product A, and another manager is responsible for all functional areas that allow the company to sell Product B. Which type of design does this corporation use? o Divisional • Which entities protect the rights of employees and potential employees from discrimination in the workplace? o Equal Employment Opportunity and Affirmative Action • During an international executive meeting, an executive used a word that did not translate into English. What type of cross- cultural communication barrier is this?