Introduction to Management Fall 2023 Quiz PDF

11/2/23, 12:55 PM Class Assignment 7: Attempt review INTRODUCTION TO MANAGEMENT (FALL 2023) Dashboard / My Courses / MGR 220-F23 / 24 October -… / Class Assign… Quiz navigation Reneau Rigby-Uptagrafft 1 2 3 4 5 6 7 8 9 10 11 Finish review Started on State Completed on Time taken M...

11/2/23, 12:55 PM Class Assignment 7: Attempt review INTRODUCTION TO MANAGEMENT (FALL 2023) Dashboard / My Courses / MGR 220-F23 / 24 October -… / Class Assign… Quiz navigation Reneau Rigby-Uptagrafft 1 2 3 4 5 6 7 8 9 10 11 Finish review Started on State Completed on Time taken Marks Grade QUESTION Thursday, 2 November 2023, 11:39 AM Finished Thursday, 2 November 2023, 12:53 PM 1 hour 13 mins 17/20 1 out of 1 (85%) 1 Complete Mark 0 out of 1 Organization-Wide Goal Setting: Functional managers set goals for each individual worker that allows function to achieve goals Select one: True False The correct answer is 'True'. https://cybertech242-online.com/mod/quiz/review.php?attempt=20195&cmid=9474 1/7 11/2/23, 12:55 PM QUESTION Class Assignment 7: Attempt review 2 Complete Mark 1 out of 1 Top down change a fast, revolutionary approach to change in which top managers identify what needs to be changed, decide what to do and then move quickly to implement changes throughout the organization. Select one: True False The correct answer is 'True'. QUESTION 3 Complete Mark 0 out of 1 Entrepreneurs mobilization of resources to take advantage of an opportunity to provide customers with new or improved goods and services Select one: True False The correct answer is 'False'. QUESTION 4 Complete Mark 1 out of 1 Benchmarking is the process where managers monitor and regulate how efficiently and effectively an organization and its members are performing activities necessary to achieve goals. Select one: True False The correct answer is 'False'. QUESTION 5 Complete Mark 1 out of 1 Blueprint that states how managers intend to allocate and use the resources they control to attain organizational goals effective and efficient. a. Income Statement b. Budgets c. Operating budgets d. Balance Sheet The correct answer is: Operating budgets https://cybertech242-online.com/mod/quiz/review.php?attempt=20195&cmid=9474 2/7 11/2/23, 12:55 PM QUESTION Class Assignment 7: Attempt review 6 Complete Mark 1 out of 1 Formal target setting, monitoring, evaluation and feedback systems that provide managers with information about how well the organizations strategy and structure are working a. Clan control b. Biochemical messenger systems c. Organ systems d. Control systems The correct answer is: Control systems QUESTION 7 Complete Control exerted on individuals and groups in an organization by shared values, norms, standards of behavior and expectations. Mark 1 out of 1 a. Clan control b. Control systems c. Feedback control d. Bureaucratic control The correct answer is: Clan control QUESTION 8 Complete Mark 1 out of 1 Managers try to increase organizational members abilities to understand and appropriately respond to changing conditions: -impetus for change -can help members make decisions about changes a. Systematic research b. Organizational learning c. Generative learning d. Organizational effectiveness The correct answer is: Organizational learning https://cybertech242-online.com/mod/quiz/review.php?attempt=20195&cmid=9474 3/7 11/2/23, 12:55 PM QUESTION Class Assignment 7: Attempt review 9 Complete Mark 1 out of 1 Feedforward control allows managers to anticipate problems before they arise. Select one: True False The correct answer is 'True'. QUESTION 10 Complete Mark 1 out of 1 -Leads to values and norms that fail to motivate or inspire employees -Leads to failure -Goes down the drain because they don't change a. Inert culture b. Weak cultures c. Adaptive culture d. Autocratic culture The correct answer is: Inert culture https://cybertech242-online.com/mod/quiz/review.php?attempt=20195&cmid=9474 4/7 11/2/23, 12:55 PM QUESTION Class Assignment 7: Attempt review 11 Complete Mark 9 out of 10 Matching Instructions: Choose the correct answer from the options provided to match the definition with the importance. Each word may be used only once or not at all. (1 point each) Measures how well managers are using the organization's Return on investment resources to generate profits. 1) establish standards of performance, goals, or targets against which is to be evaluated 2) measure actual performance 3) compare actual performance to chosen standards of Four steps in organizational control performance 4) evaluate the result and initiate corrective action if standard is not being achieved Manage problems as they arise Conversion stage - financial measures of performance -organizational goals Output control -operating budgets Input stage example: admissions Feedforward control Measures how efficiently managers are turning over inventory so that excess Inventory turnover inventory is not carried. Decide whether change will occur from the top down or from the bottom up, introduce and Implement the change manage change. A management control system that takes a comprehensive look at an organization's overall performance using four measures: financial, customer service, internal business balanced scorecard processes, and the organization's capability for strategic learning and growth. Measures the ability to pay off claims of short-term creditors without selling inventory. https://cybertech242-online.com/mod/quiz/review.php?attempt=20195&cmid=9474 Quick ratio 5/7 11/2/23, 12:55 PM Class Assignment 7: Attempt review Control of behavior by means of a comprehensive system of rules and standard operating Bureaucratic control procedures -slow reaction time -too standardized, lose flexibility The correct answer is: Measures how well managers are using the organization's resources to generate profits. → Return on investment, 1) establish standards of performance, goals, or targets against which is to be evaluated 2) measure actual performance 3) compare actual performance to chosen standards of performance 4) evaluate the result and initiate corrective action if standard is not being achieved → Four steps in organizational control, Manage problems as they arise → Output stage, - financial measures of performance -organizational goals -operating budgets → Output control, Input stage example: admissions → Feedforward control, Measures how efficiently managers are turning over inventory so that excess inventory is not carried. → Inventory turnover, Decide whether change will occur from the top down or from the bottom up, introduce and manage change. → Implement the change, A management control system that takes a comprehensive look at an organization's overall performance using four measures: financial, customer service, internal business processes, and the organization's capability for strategic learning and growth. → balanced scorecard, Measures the ability to pay off claims of short-term creditors without selling inventory. → Quick ratio, Control of behavior by means of a comprehensive system of rules and standard operating procedures -slow reaction time -too standardized, lose flexibility → Bureaucratic control ◄ Chapter 8:Organizational Control and Change Jump to... About Contact Social Media Institution Cyber Tech Career College is a Post- Phone: (242) 322- About Us secondary training institution 4223 Mission Statement established in March 1999 and E-mail: Contact Form form Vision Statement [email protected] https://cybertech242-online.com/mod/quiz/review.php?attempt=20195&cmid=9474 6/7 11/2/23, 12:55 PM Class Assignment 7: Attempt review registered with The Bahamas Ministry of Education since April 2005. Copyright 2023. Cyber Tech Career College. All Rights Reserved https://cybertech242-online.com/mod/quiz/review.php?attempt=20195&cmid=9474 7/7