MGT/521 Final Examination Study Guide
This study guide will prepare you for the Final Examination you will complete in Week Six. It contains practice questions, which are related to each week’s objectives. In addition, refer to each week’s readings and your student guide as study references for the Final Examination.
Week One: Constructing and Supporting an Argument
Objective: Identify channels for business communications.
1. An informal communication network is typically called a a. chat network b. chain c. contextual system d. grapevine
2. Which channel of communication is lowest in richness? a. Video conferences b. E-mail c. Memos and letters d. Telephone conversations
3. Jessica needs to
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d. a raconteur.
13. Which of the following entails the greatest amount of risk? a. Working for the government b. Working for a large business c. Working for a small business d. Starting a business
Objective: Identify wants and needs of various stakeholders.
14. Which of the following is a major role of business managers today in meeting the wants and needs of the company’s stakeholders? a. Promoting quality of life b. Balancing the demands for higher salaries and stockholders’ profits c. Outsourcing d. Identifying potential customers
Objective: Conduct SWOT Analysis
15. In performing a SWOT Analysis, which of the following would be considered as a threat? a. Falling trade barriers in attractive foreign markets b. Ability to grow due to increased market demand c. Vulnerability to recession and business cycles d. Subpar profitability
Week Four: The Business Environment
Objective: Conduct benchmarking analyses.
16. Bull 's-eye, a regional discount retailer, carefully watches and compares its operation with the operations of its closest rivals. This firm does a. outsourcing b. functional positioning c. core competency ranking d. competitive benchmarking
Objective: Explain the basic tenets of managerial accounting and financial accounting.
17. Which of the following is a key step in the accounting cycle? a. Recording information into journals b. Collecting data from customers
The following annotated chapter outline will help you review the major topics covered in this chapter.
Communication is one of the most important parts of any relationship. Business relationships are no different. Having effective business communication or not having effective business communication can positively or negatively impact the success of an entire organization. Unfortunately, there are many barriers that can obstruct effective business communication. Those barriers come in four different categories. Those categories are personal barriers, physical barriers, sematic barriers and process barriers. A manager must know how to work around the communication barriers and use his or her communication skills to keep business operations going smoothly and to make improvements to the
Effective communication is vital to the smooth running of a business and various methods of communication are used within a business environment to achieve this. Each form has various benefits to communicate effectively to their designated target audience. When communication is carried out properly it means the sender and receiver both correctly obtain the same information. Each
Directions: Read the captioned book. Then answer the questions contained in this study guide. Post your completed document to the appropriate assignment box on the course website.
Gamble, J. & Thompson, A. (2011) stressed the importance of companies conducting a SWOT analysis. They feel that it is important for a company to understand their strengths’, weaknesses, opportunities, and threats. A good SWOT analysis can help a company stay on track with their stated goals. The next few paragraphs is my perception of what a SWOT analysis would look like for Countrywide.
Directions: Read the captioned book. Then answer the questions contained in this study guide. Post your completed document to the appropriate assignment box on the course website.
*If you go through each item on this study guide and read about it on the REFerenced page and corresponding TOPic in your text, you should have an excellent study guide for the Final Exam. If you do not do this, you will likely fail this exam miserably!
You should read this study guide carefully and also ensure that all the links have been followed to other accompanying documents that include, for example, information on coursework submission. Information in this study guide is maintained by Dr. Maged Ali (maged.ali@brunel.ac.uk), Office EG306.
Prepare an (approximately) 200 word summary of the textbook material you have read this week on Chapter 6. This summary should be entered in your learning journal this week.
13. Samantha is charged with assessing her company 's external environment as part of a SWOT analysis. Samantha will study her company 's:
(Please see your Study Reference Guide on pages 619-6-1 and 619-6-2 to answer the following questions.)
This quiz consist of 20 multiple choice questions and covers the material in chapters 1 through 4. There are five questions from each chapter. Be sure you are in the correct Chapter when you take the quiz.
Using the assigned readings for Week Six, prepare a 50- to 75-word response to each of the following questions.
Use this study guide to prepare for the test. Remember, you need to be able to describe, explain, and provide examples for all of the questions. Writing one or two words will not show me that you understand the information. Since this is a study guide, you do not need to use complete sentences, but you must include all of the important information. Use a separate piece of paper for more space to write. Test is on Friday, April 22nd
The first important part of a SWOT analysis is to improve the viability of an organization. SWOT identifies the risk which can arise from future threats coupled with the organization weakness. For example, a pharma company ABC has invested heavily in R& D of existing product where a new competitor is also entering with same product. Then company ABC has to decide whether it is strategically important to deal with external threat or improve the internal weakness. Company ABC can continue the R & D progress to improve the quality of existing product or else can diversify the resource to offer the product at less cost i.e. improving its efficiency. So, SWOT plays an important role in such situation and proves to be a beneficial tool to take appropriate decision of improving the weakness