Mid-Term Review Questions - Student PDF

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Mid-Term Review Questions 1.) Explain the difference between efficiency and effectiveness. (Chapter 1) - Efficiency: getting work done with a minimum of effort, expense, or waste. - Effectiveness: accomplishing tasks that help fulfill organizational objectives.

2.) What are the four management functions? (Chapter 1)

3.) What are the main differences in the responsibilities of top managers versus middle managers? (Chapter 1)

4.) Describe how managers typically change in their first year on the job. (Chapter 1)

5.) What five methods have traditionally been used to departmentalize work and workers? Give one advantage and one disadvantage of each. (Chapter 8)

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6.) When delegating work, what is the relationship between responsibility, authority, and accountability? (Chapter 8)

7.) Why do companies use job specialization? How can specialized jobs be modified to eliminate the boredom and low job satisfaction associated with them? (Chapter 8)

8.) What differentiates a mechanistic organization from an organic organization? (Chapter 8)

9.) What are the differences between modular and virtual organizations? What are their advantages and disadvantages? (Chapter 8)

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10.)What is the difference between the general and specific business environments? (Chapter 2)

11.)List the components of the general environment. (Chapter 2)

12.)How do the elements of the specific business environment affect businesses? (Chapter 2)

13.)What are the characteristics of successful organizational cultures? (Chapter 2)

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14.)How can managers change organizational cultures? (Chapter 2)

15.)Identify and describe the most common forms of workplace deviance. (Chapter 3)

16.)Contrast the two models of social responsibility (Shareholder and Stakeholder). (Chapter 3)

17.)What are a company’s total social responsibilities? (Chapter 3)

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18.)What are the four choices does a company have when responding to demands for social responsibility? (Chapter 3)

19.)Are socially responsible companies economically successful? In other words, does it pay to be socially responsible? (Chapter 3)

20.)Describe the steps involved in making a plan that works. (Chapter 4)

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21.)What are S.M.A.R.T. goals? (Chapter 4)

22.)How do companies use plans at all levels of management? (Chapter 4)

23.)Describe the steps in rational decision making. (Chapter 4)

24.)Outline the steps of the strategy-making process. (Chapter 5)

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25.)What are the elements of the BCG matrix? (Chapter 5)

26.)Identify three grand strategies and give examples of each. (Chapter 5)

27.)What are Porter’s five industry forces and how do they affect a company’s strategy? (Chapter 5)

28.)What are the basic elements of direct competition? (Chapter 5)

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