MGMT 303 Final Exam (Set 2)

MGMT 303 Final Exam (Set 2)

Author: Christine Farr


(TCO 1) Which of the following is an example of an organization?
(TCO 2) The process of actively monitoring the environment through activities such as reading and observation is called
(TCO 3) The Sarbanes-Oxley Act requires the _____ to vouch for the truthfulness and fairness of the firm’s financial disclosures
(TCO 4) Which of the following economies is NOT considered a mature market economy?
(TCO 5) Starbucks’ middle managers who are responsible for joint venture agreements with bookstores, hotels, and airports work from a(n) _____ plan
(TCO 6) The overall purpose of a business plan is to
(TCO 7) _____ is defined as systematically moving employees from one job to another.
(TCO 8) OSHA safety standards are intended to
(TCO 9) The communication process is
(TCO 10) Income statements, balance sheets, and audits are examples of the control of
(TCO 2) How is environment scanning helpful to a manager and the organization?
(TCO 3) How can the government influence social responsibility in organizations?
(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
(TCO 9) Briefly explain two ways in which communication effectiveness can be improved
(TCO 10) Describe how a budget is created in most organizations. How does a budget help a manager regarding financial control?
(TCO10) In your opinion, which two characteristics of effective controls are the most important? Why?
(TCO9) List the individual barriers to communication. Discuss how can you overcome these barriers?
(TCO6) What are the major funding options for small businesses? Which of these options is most likely to be used by the majority of start-ups? Why?
(TCO 2) Organizations have both an internal and an external environment. Describe the general environment and give at least one specific example of each dimension, other than the examples given in the text and in the lectures

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