FREE BUSINESS AND STUDY GAMES ABOUT EXAM 3

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FREE BUSINESS AND STUDY GAMES ABOUT EXAM 3

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -246 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: The activities and processes used in making both tangible and intangible products

Answer:

operations Question 2: If an organization temporarily borrows its specialists from different functional areas to accomplish a common project, it is implementing what type of organization?

Answer:

matrix Question 3: A management philosophy that stresses employee participation in all aspects of company decision making

Answer:

Theory Z McGregor

Question 4: Focuses on discrimination against those 40 years and

older

Answer:

Age Discrimination in Employment Act

Question 5: Top managers MUST:

Answer:

• Create strong relationships with ethics and

compliance department

• Clearly communicate expectations for

ethical behavior to all employees

• Educate managers/supervisors about the

company's ethics policies

• Train managers and employees on

Question 6: a form of licensing in which a company agrees to provide a franchisee the name, logo, methods of operation, advertising, products, & other elements associated w the franchisor's business for financial commitment & agreement to conduct business similarly

Answer:

Franchising Question 7: Building an item in self-contained units that can be combined or interchanged to create different products Allows products to be repaired quickly, reducing labor cost, but component itself is expensive, raising the cost of repair materials.

Answer:

modular design Question 8: Job enrichment incorporates which three motivational factors into the design of the job?

Answer:

achievement advancement recognition Question 9: A federal agency dedicated to increasing job opportunities for women and minorities and eliminating job discrimination based on race, religion, color, sex, national origin or handicap

Answer:

Equal Employment Opportunity Commission (EEOC)

Question 10: The study of the behavior of individuals and groups in organizational settings

Answer:

human relations Question 11: Management's version of a strike, wherein a work site is closed so that employees cannot go to work

Answer:

Lockout

Question 12: A financial reward calculated on a weekly, monthly or annual

basis

Answer:

salary Question 13: The participation of different ages, genders, races, ethnicities, nationalities and abilities in the workplace

Answer:

Diversity

Question 14: products ready for sale

Answer:

finished-goods inventory Question 15: quantifiable; such as how many of something was produced or a test score

Answer:

objective Question 16: means not only giving tasks to employees, but also empowering them to make commitments, use resources, and take whatever actions are necessary to carry out those tasks; responsibility and accountability

Answer:

delegation of authority

Question 17: Employment changes involving resignation, retirement, termination or layoff

Answer:

separations

Question 18: the optimum number of items to order to minimize the costs of

managing (ordering, storing and using) them

Answer:

Economic Order Quantity (EOQ)

Question 19: Involves the exchange of information among colleagues

and peers on the same organizational level, such as across or within departments to inform, support, and coordinate activities

Answer:

Formal Communication -- HORIZONTAL Question 20: The ratio at which one nation's currency can be exchanged for another nation's currency

Answer:

exchange rates Question 21: Employs specialized computer systems to actually guide and control the transformation process

Answer:

computer-assisted manufacturing (CAM) Question 22: A trade agreement in which one company - the licensor - allows another company - the licensee - to use its company name, products, patents, brand, trademarks, raw materials and/or production processes in exchange for a fee or royalty

Answer:

Licensing Question 23: Monetary rewards offered by companies for exceptional performance as incentives to further increase productivity

Answer:

bonuses