MGMT 303 Midterm Exam - Latest
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Question 1.1. (TCO 1) One example of a firm studying its ____ is an annual assessment of the labor supply available to the company. (Points : 5) organizational culture internal environment external environment organizational mission
Question 2.2. (TCO 2) Various social networks have enabled people to stay in contact with each other. It also hurts relationships when too much information is shared. This reflects the _____ element of the…show more content… When the opportunity is due to a change by altering the types and quantities of products and services desired and cutomers' buying power, this is _______. (Points : 5) industry and market structure changes. demographics changes. perception change. the unexpected or unanticipated change. none of the above.
Question 7.7. (TCO 1) Mintzberg studied managerial roles and created a model with managerial roles. What are those roles? What does each role require? (Points : 10)
According to our text, Henry Mintzberg created three managerial roles. These roles include interpersonal, information, and decisions roles. The interpersonal role requires a figurehead, leader, and a liaison. Informational roles require monitor, disseminator, and a spokesperson. Or in other words, informational roles involve "collecting, receiving, and disseminating information" (Pg 11). Decision roles need an entrepreneur, disturbance handler, resource allocator, and negotiators. According to Mintzberg, decisional roles should involve thinking and doing.
Question 8.8. (TCO 2) Explain the differences between global sourcing, strategic alliance, and foreign subsidiary. (Points : 10)
According to our textbook, global sourcing is the practice of purchasing goods and services from the around the world wherever it is least costly (Pg 82). A strategic alliance is a partnership between two entities in which they both share their