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MGT 300 Neck Final Exam Latest Update - 70 Questions and 100% Verified Detailed Correct Answers Guaranteed A+ Approved by Professor
% of people who will adopt to changes differently (5) - CORRECT ANSWER: 2%: innovators
14%: early adopters
34%: early majority
34%: late majority
16%: laggards
Alderfer's ERG Theory - CORRECT ANSWER: People have three universal needs that
motivate simultaneously
-Existence, relatedness, growth
Balance planning and action - CORRECT ANSWER: Plan but you have to do too.
DO DO DO
Indy500 ran out of gas during the race. Entrepreneurs at some point will run out of gas too. He got up and start pushing the car to the finish line and entrepreneurs, in order to do well, gotta push the car too.
Benefits legislation - CORRECT ANSWER: Social security, unemployment, workers'
compensation insurance
Common benefits - CORRECT ANSWER: Medical insurance, vacation & sick time
(PTO), retirement savings plan, life & disability insurance 1 / 2
Creativity versus innovation - CORRECT ANSWER: Creativity is thinking. Innovation is doing (creativity + action)
Define creativity - CORRECT ANSWER: Thinking up new ideas/things
Define expectancy - CORRECT ANSWER: Do you actually believe you can do the
instrumentality/steps?
Define innovation - CORRECT ANSWER: Process and act of introducing something
new and turning it into a useful product, service, or method of operation
Define instrumentality - CORRECT ANSWER: What i believe to be the steps necessary to achieve X outcome, what you believe you need to do/learn how to do
EX: Neck wants to play cello but doesn't know how
Define leadership - CORRECT ANSWER: Those who are able to influence others and
possess managerial authority
Define valence - CORRECT ANSWER: Anticipated value that one expects to receive
from an outcome
Directive leaders lead by - CORRECT ANSWER: Giving commands, specific task-
focused directions, assign goals, close supervision, constant follow up
-Rooted in fear -Position/legitimate power to exert influence
EX: Devil Wears Prada
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