devry MGMt303 final exam questions

1. (TCO 1) All of the following are physical resources except (Points : 7)


Question 2. 2. (TCO 2) Which of the following is an example of a merger? (Points : 7)



Question 3. 3. (TCO 3) The Sarbanes-Oxley Act requires _____ to vouch for the truthfulness and fairness of the firm’s financial disclosures. (Points : 7)


Question 4. 4. (TCO 4) Which of the following economies is not considered a mature market economy? (Points : 7)



Question 5. 5. (TCO 5) _____ planning is the process by which managers identify alternative courses of action that the organization might follow if various conditions arise. (Points : 7)



Question 6. 6. (TCO 6) Jay wants to start a new business. With which of the following methods of starting a new business will he pay a share of the income from the business in return for the use of such things as trademarks and business formulas? (Points : 7)



Question 7. 7. (TCO 7) A regional manufacturing operation has the following divisions: manufacturing, finance, human resources, marketing, and shipping/receiving. This is an example of _____ departmentalization. (Points : 7)



Question 8. 8. (TCO 8) The _____ requires payment of overtime to employees who work more than 40 hours per week. (Points : 7)



Question 9. 9. (TCO 9) Which of the following statements does NOT describe an advantage of verbal communication? (Points : 7)
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Question 10. 10. (TCO 10) Budgets (Points : 7)

1. (TCO 2) An organization’s external environment includes the task and the general environments. Compare and contrast any two components that make up the general environment. (Points : 10)

2. (TCO 3) How can the government influence social responsibility in organizations? (Points : 10)

4. (TCO 8) Briefly explain one performance appraisal method. Explain an error that can occur in the performance appraisal process and one way to effectively deal with such an error. (Points : 10

7. (TCO 1) Briefly describe any five of the 10 managerial roles described by Henry Mintzberg. Give an example of each. (Points : 10)

Briefly describe the matrix structure of organization design. What are the advantages and disadvantages of this design

. (TCO 2) Organizations have both an internal and an external environment. Describe the generalenvironment and give at least one specific example of each dimension, other than the examples given in the text and in the lectures. (Points : 20)

2. (TCO 8) You are a manager of a Consulting firm with 25 employees under your supervision. Employee Motivation appears to be slipping, as well as employee performance. Employees seem to have a negative attitude about their work, which has led to some turnover of employees and an increase in absenteeism. You have been asked to provide upper management with recommendations of how to improve motivation of the employees. Please create a motivation plan and list the main motivational theories you are applying in this plan. You should come up with a minimum of three ideas on how to improve motivation. (Points : 20)

3. (TCO 9) You are the plant manager at Acme Plastics. You are running two shifts, a day shift and an evening shift. Before the day shift leaves each day, the workers must get an adequate supply of raw materials from the warehouse for the evening shift to use. On several occasions, they have failed to do so. By the time the evening shift gets to work, the warehouse is locked up, and it takes about 3 hours to get someone out to unlock it and get the production line rolling again. The two shift supervisors are at each other's throats, and you have to do something to correct the situation. What is the basic problem causing this conflict? What could you do to solve it? (Points : 20)

4. (TCO 10) Our text defines the four functions of a management as planning, organizing, leading and controlling. Briefly put, the plan states the desired outcome or goal and the process for achieving it. Control is the regulation of organizational activities and processes in such a way as to facilitate goal attainment. Assume that you are a manager of a business. State the type of business you are managing (it can be any business you choose). Give two examples of controls that you would implement in the business and how they could facilitate goal attainment. (Points : 20)