GMS 200 Study guides, Class notes & Summaries

The dynamic new workplace of the 21st century is characterized by: A. A highly competitive global economy, driven by innovation and technology, that has created both unparalleled opportunities and unprecedented uncertainties. B. Smart people and smart organizations creating their own futures. C. Progressive companies sharing an important commitment to people D. All of the above. E. None of the above - D The best employers share all of the following characteristics EXCEPT: A. They have hi...

GMS 200 Actual test Questions & answers | A Graded Intellectual Capital - the collective brain power or shared knowledge of a workforce Knowledge Workers - Workers whose intelligence is a critical asset to employers Glass Ceiling Effect - an invisible barrier limiting career advancement of minorities Globalization - the world interdependence of resource flows, product markets, and business conditions Organization - a collection of people working together to achieve a common purpose Produ...

Ethics - code of moral principles that set standards of conduct of what is good and right Organizations as open system - composed or interrelated parts that function together Line Manager - Responsible for work activities that directly affect organization's outputs Staff Manager - have technical expertise to advise/ support line workers Functional Manager - responsible for a single area of activity General Managers - responsible for activities covering many functional areas Adminstrators ...

ntellectual Capital - the collective brainpower of shared knowledge of a workplace that can be used to create value. • Knowledge Worker - is someone whose mind is a critical asset to employers. • Workforce Diversity - describes differences among workers in gender, race, age, ethnicity, religion, sexual orientation, and able-bodiedness. • Prejudice - is the display of negative, irrational attitudes towards members of diverse populations. • Discrimination - actively denies minority ...

GMS 200 exam Questions & answers | A Graded Intellectual Capital - The shared knowledge of a workforce Globalization - The tedency of businesses and technologies to spread throughout the world Shamrock 3 Leaves - The 3 leaves of almost each and every organization are full time workers, contract workers and aprs-time workers Portfolio Worker - Someone who has up-to-date skills so they can move from job to job Productivity - The quantity and quality go work performance

What is entrepreneurship? - ANSWER- What are the qualities and skill needed to be an entrepreneur? - ANSWER- Who is a serial entrepreneur? - ANSWER- First Mover Advantage - ANSWER- Social Entrepreneur - ANSWER- Necessity-based entrepreneurship - ANSWER- Traits of Entrepreneurs - ANSWER- Franchise - ANSWER- Pros & Cons of Franchising - ANSWER-

The dynamic new workplace of the 21st century is characterized by: A. A highly competitive global economy, driven by innovation and technology, that has created both unparalleled opportunities and unprecedented uncertainties. B. Smart people and smart organizations creating their own futures. C. Progressive companies sharing an important commitment to people D. All of the above. E. None of the above - ANSWER-D The best employers share all of the following characteristics EXCEPT: A...

Venture Capitalists - ANSWER-business make large investments in new ventures in return for an equity stake in the business Initial Public Offering (IPO) - ANSWER-when shares of stock in the business are first sold to the public and then begin trading on a major stock exchange Steps in the Planning Process - ANSWER-Define your objectives: Identify desired outcomes or results in very specific ways. Know where you want to go. Determine where you stand vis-à-vis objectives: Evaluate curre...

A manager who is reactive and works hard to address problems after they occur is known as a ________. (a)problem seeker (b)problem avoider (c)problem solver (d)problem management - ANSWER-A manager who is reactive and works hard to address problems after they occur is known as a ________. (a)problem seeker (b)problem avoider (c)problem solver (d)problem management Accountability: - ANSWER-The requirement that a manager answer to a higher-level boss for performance results achieved by ...

Intellectual Capital - ANSWER-The shared knowledge of a workforce Globalization - ANSWER-The tedency of businesses and technologies to spread throughout the world Shamrock 3 Leaves - ANSWER-The 3 leaves of almost each and every organization are full time workers, contract workers and aprs-time workers Portfolio Worker - ANSWER-Someone who has up-to-date skills so they can move from job to job Productivity - ANSWER-The quantity and quality go work performance Performance Effectiven...