Management320 – Chapter 1 – Flashcards

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When building a new residential development or mall, a national real estate organization typically does not remove many trees, basing its decision on the belief that natural resources are limited, and we need to not compromise the ability of future generations to meet their own needs. This management philosophy is known as ________________.
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Sustainability
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Don works diligently to accomplish the company goals in an efficient and effective manner, utilizing his employees through planning, organizing, leading, and controlling company resources. Don is ___.
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Managing
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T/F: There are two levels of management in an organization: top and first-line.
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False
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To help maintain a competitive advantage, the emphasis for most companies is on _____.
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Production efficiency
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Greg, a supervisor, is known by his managers to be sharp in his decisions and has a good track record of meeting his goals. Greg is a(n) ____ manager.
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Effective
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T/F: Mintzberg concluded that managers play three broad types of roles: interpersonal, analytical, and critical.
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False
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T/F: The management functions are sometimes called the six management parts.
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False
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T/F: Efficiency and effectiveness means to use resources—people, money, raw materials, and the like—wisely and cost effectively.
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False
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T/F: Robert is a district manager who oversees several store managers in a national chain of restaurants. Robert reports directly to the vice president of stores and marketing, a member of top management. Robert is a middle manager.
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True
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T/F: When Paul, a new restaurant owner, is determining which products to offer on his menu, he is involved in the management function of planning
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True
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T/F: When Greg meets regularly with his workers to provide encouraging words so that they work hard to achieve the company's goals, he is engaged in the management function of controlling.
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True
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New York Times columnist Thomas Friedman noted that globalization has leveled the competitive playing fields between industrial and emerging-market countries. This phenomenon proposes that ____.
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The world is flat.
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T/F: Controlling is the arranging of jobs, people, and other resources to accomplish tasks and responsibilities.
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False
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ABC Manufacturing employs some of the top professionals in its field, and because of their skills and experience, ABC is highly efficient and outperforms its competitors. ABC Manufacturing has a(n) ____ over its competition.
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Competitive advantage
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At ABC Manufacturing, employees work together to achieve the company goals and purposes. This describes ___.
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An organization
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Tom, a restaurant general manager, carefully watches his restaurant costs by reusing some items that in the past were immediately thrown away. Tom is an example of a(n) _____ manager.
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Efficient
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T/F: Mintzberg proposed that managers utilize written communication more than verbal communication.
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False
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A national sales organization has implemented a sets of training courses on its intranet, with a link that allows employees to find and share answers to questions that arise with customers. A system that allows the sharing of knowledge and information throughout an organization is known as ___.
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Knowledge Management
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T/F: George is developing a new employee schedule for his lawncare service due to the increase in business during the summer. While doing this, George is involved in organizing.
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True
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The owners of a local restaurant routinely try to develop new menu items and seek better ways of helping their customers; this is an example of ___.
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Innovation
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The Dyson Company produces high-quality and top-performing products. The company is an example of a(n) _____________, a group of people who work together to achieve some specific purpose.
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Organization
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Mr. James Dyson, founder of the Dyson Company is the _________, the company's most senior and important manager; the one all other top managers report to.
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Chief executive officer
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The Dyson vacuum cleaner, unlike the cleaners produced by its competitors, doesn't need a bag and doesn't lose suction. Producing a product that is new or better than its competitors is an example of __________.
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Innovation
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Dyson produces products that are significantly better than its competition. This is known as ______________.
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Competitive advantage
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James Dyson's success comes from his background in architecture and engineering as well as his _________________, which consist(s) of the ability to think analytically, to visualize an organization as a whole and understand how the parts work together.
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Conceptual skills
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Dyson employs outsourcing as a manufacturing strategy by having the vacuums manufactured in Malaysia. This shows he understands the importance of managing for ____________.
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Globalization
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Dyson's competitive advantage is the production of more effective and efficient products, such as the high-tech Airblade hand dryer. Which of the following is NOT one of the four building blocks of superior competitive advantage?
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Enpowerment
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James Dyson feels that engineering and designing products is exciting. He supports risk taking and works to develop student engineers' _________, the job-specific knowledge needed to perform well.
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Technical skills
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By telling employees "Expect failure but don't accept it," Mr. Dyson encourages _________.
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Innovation
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Although an effective product, the Dyson washing machine is no longer for sale since it did not meet which of the four building blocks of competitive advantage?
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Customer responsiveness
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The belief that you control your own destiny is known as _______________.
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Internal locus of control
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Which of the following are included in the four management functions?
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Organizing Planning Controlling Leading
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A(n) ______________ sees an opportunity for a new product or service and launches a business to try to realize it.
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Entrepreneur
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Match the principle function of management with its definition: Planning Organizing Controlling Leading
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Establishing goals and determining how to achieve them. Arranging tasks, human resources and other resources to accomplish the necessary work. Monitoring performance against goals and taking corrective action as needed. Motivating, directing and influencing others to achieve organizational goals.
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Those in management who make long-term decisions about the overall direction of the organization and establish the objectives, policies, and strategies are called _________________ managers.
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Top
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The four functions of management include planning, organizing, leading, and ________________ the organization's resources.
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Controlling
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As an intrapreneur, a person initiates the production of new goods or services within an existing business; as a(n) _______________, a person coordinates the business's resources to facilitate the production of the goods or services.
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Manager
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To be _______________ in management means to achieve results, to make the right decisions, and to successfully carry them out in order to achieve the organization's goals.
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Effective
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What are some of the potential rewards of studying management?
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The ability to earn more as one acquires more education. Possible status rewards, such as a larger office or stock options. The ability to do fairly well financially compared to most workers.
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Match the informational managerial role with its description: Monitor Disseminator Spokesperson
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Being constantly alert for useful information about the organization. Consistently relaying important information to employees. Acting as a diplomat in putting the best face on the activities of the work unit or organization to people outside it.
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Which of the following is defined as the global network of independently operating but interconnected computers?
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Internet
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What are typical responsibilities associated with being a team leader?
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Resolve conflicts Coordinate team efforts Provide guidance
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A group of people who work together in an attempt to achieve some specific purpose is known a a(n) ________.
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Organization
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Match the interpersonal managerial role with its description: Figurehead Leadership Liason
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Performing symbolic tasks that represent the organization. Taking responsibility for the actions of subordinates. Working with those outside the work unit or organization to develop alliances that help achieve organizational goals.
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Rather than work for someone else, Kendrick decided to take a risk an start his own business with the new product he had developed. This is an example of _____.
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Entrepreneurship
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Motivating, directing, and otherwise influencing people to work hard to achieve the organization's goals is the definition of which management function?
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Leading
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A ______________ organization's purpose is to make money by offering products or services.
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For-profit
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Which of the following managers is demonstrating the management function of planning?
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Sue told her employees the department needed 12% more sales this year than last and they would be contacting at least four new customers each week.
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According to Mintzberg, which of the following would be characterized as a manager's informational roles?
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Spokesperson Monitor Disseminator
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Match the decisional role with its description: Entrepreneur Disturbance Resource allocator Negotiator
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Initiating and encouraging change and innovation. Fixing unforeseen organizational or work unit problems. Establishing priorities about the use of organizational resources. Working with others inside and outside the organizational to accomplish goals.
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According to Mintzberg's findings, managers tended to rely primarily on ____________ communication.
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Verbal
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Lennart decided to use Twitter to generate interest in the new sandwiches he is adding to his food truck menu. Which form of e-communication is Lennart employing?
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Social Media
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Which statement(s) are true about nonprofit organizations?
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The main purpose of a nonprofit organization is to offer services to clients. Nonprofit organizations may operate in the private sector. Nonprofit organizations may operate in the public sector.
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The job specific knowledge you need to perform well in a specialized field, known as ___________ skills, appear to be most important for first-line managers
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Technical
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Which of the following racial or ethnic groups in the United States are expected to increase over the next few decades?
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African Americans Asians Hispanics
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Marcus knew the best way to research his topic was to access the library's ________ which would provide him with access to vast quantities of information instantaneously.
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Database
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Jason decided that the best way to arrange the new department was by having only the top managers report to him, while everyone below those top managers would report to the head of human resources. Which of the four management functions is Jason using?
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Organizing
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The board members came together to determine if the change in the product line was due to a new manufacturing process or the recent decision to put fewer employees on the assembly line. Which management function is the board concerned with?
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Controlling
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Janice is a middle manager at a mobile phone distribution center. It is her job to work with employees to make sure they have the tools to keep customers and suppliers happy. Since she deals with people rather than a computer, Janice has a type of ______ job.
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High touch
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Which of the following factors demonstrate how the internet can affect companies or activities that depend heavily on the flow of information?
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It reduces the cost of communications Managers must deal with massive amounts of data to make useful decisions. Disruption has become the "new normal" for any activity that depends heavily on the flow of information.
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The New York and Chicago offices of Kendra's company have weekly meetings but rather than flying to the respective offices, the employees use ____________ which allows them to see, hear, and talk with each other over the computer.
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Videoconferencing
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A company's management team demonstrates efficiency when it uses resources such as money or materials to
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Be cost effective
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Stefan supervises ten sales associates in his role at the retail store. What management level is Stefan working at?
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First-line
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__________ skills involve the ability to work well in cooperation with other people in order to get things done.
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Human
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Which of the following would be considered a mutual-benefit organization?
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Trade association Labor Union Farm cooperative
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Gerard is responsible for the management of the human resources department. He is an example of a ______________ manager.
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Functional
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Tyler is Senior Vice President in charge of finance and human resources. Since he is responsible for several activities in the organization, he is an example of a __________________ manager.
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General
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Which of the following generally must exhibit the highest self-confidence and tolerance for risk?
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Entrepreneurs
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_________________is the buying and selling of goods or services over computer networks, whereas ____________ involves using the internet to facilitate every aspect of running a business.
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E-commerce; e-business
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Which two of the following statements accurately reflect what Mintzberg found regarding managers' time?
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Managers' days are full of interruptions and consist of numerous small tasks. Managers must guard their time due to the numerous demands on it.
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_______________ management involves implementing systems and practices to increase the sharing of knowledge and information throughout an organization.
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Knowledge
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Dell Computer uses recycled and recyclable materials in its products and packaging design, and has established goals to reduce the energy of its products by 80% by the year 2020. This concern for the environment is an example of Dell's commitment to __________________.
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Sustainability
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While both managers and entrepreneurs feel a sense of urgency, _____________ are especially apt to be impatient and want to get things done as quickly as possible, making them particularly action-oriented.
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Entrpreneurs
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Skills that consist of the ability to think analytically, visualize an organization as a whole, and understand how the parts work together are known as _______skills.
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Conceptual
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Alisha is a senior partner in a law firm. She has taken Victoria, a new associate fresh out of law school, "under her wing" and is providing her with guidance and advice to help her grow in her career. Alisha would be described as a(n) __________________.
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Mentor
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It is the goal of Trevor's company to produce as many automobile parts as quickly as possible while using as few employees as possible to do the job. This is an example of ____________________to gain competitive advantage.
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Efficiency
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According to Mintzberg's findings, working long hours is _____________ for managers.
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Typical
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Expanding operations in countries where verbal expressions and gestures do not have the same meaning illustrate one of the challenges of managing for _________________.
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Globalization
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The _______________ effect refers to the idea that a manager's influence extends far beyond the results that can be achieved by just one individual acting alone.
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Multiplier
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The storing of software and data on gigantic collections of computers located remotely from a company's principle site is referred to as ___________________.
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Cloud Computing
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Elizabeth is an accountant for a large company and works out of her house. She uses email, video conferencing and other technologies to communicate with her co-workers at the office. Someone who works from home is said to _____________________.
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Telecommute
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According to Mintzberg, nearly ______________ of the tasks completed by managers take less than nine minutes.
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One-half
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A manager who shows tolerance for ambiguity is able to make decisions based on ________________.
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Unclear or incomplete information
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The local tool manufacturing facility recently took over the industry in sales when it found a way to produce higher-quality hammers and saws than all of its competitors. Which aspect of gaining competitive advantage does this demonstrate?
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Innovation
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Which of the following accurately describes an e-business?
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Using the internet to facilitate every aspect of running a business.
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Gordon would like to win back his customer by giving him tickets to the major league baseball game but he knows his company frowns on this type of activity. Which type of dilemma is Gordon facing?
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Ethical
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T/F: Regardless of how well paid you are, you have to consider whether in meeting the organization's challenges you are also meeting the challenge of realizing your own happiness.
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True
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A(n) _______________ starts a new business while a manager grows or maintains an existing business.
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Entrepreneur
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Which of the following is NOT one of the chief skills or attributes that companies seek in top managers?
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Eagerness to please others
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T/F: Studying management enables you to understand how to manage yourself in the workplace as well as interact and relate more efficiently with your supervisors and coworkers.
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True
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______________ refers to stores of data so vast that conventional database management systems cannot handle them.
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Big Data
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Nathan owns a shoe company and he has found a process that allows him to produce high-quality shoes at a much lower price than his competitors. As a result, his shoe company outperformed all of his rivals in sales for the past 12 months. What concept does this demonstrate?
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Competitive advantage
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In order for an organization to maintain competitive advantage, it has to focus on providing goods and services to customers that consistently meet their requirements and expectations and perform as expected. This is referred to as ______________.
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Quality
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Which of the following accurately characterizes artificial intelligence (AI) in the workplace?
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It replaces both blue-collar and white-collar jobs
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What is considered the first law of business?
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Take care of the customer
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Kendra uses the internet to facilitate every aspect of running her accounting business. Kendra's business is an example of _______________.
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E-business
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While the assembly line at the ice cream production facility used to have 20 people, it now has 10 people and 10 robots to do the job. The robots are an example of _____________________.
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Artificial intelligence
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