Questions and Answers of Management A Practical Introduction

Describe the process for managing yourcareer readiness.
What are the differences among the four levels ofmanagers in the organizational pyramid?
Mintzberg’s study in the 1960s came up with threeimportant findings about a manager’s routine. Whatare they, and are they probably still the same today?
What is the underlying problem in this case fromCommissioner Rob Manfred’s perspective?
Why do you think Bowman’s behavior was ignoredfor over 10 years?
What would you have done if you were CommissionerManfred?
Did Commissioner Bud Selig operate more from aprinciple of efficiency or effectiveness? Explain yourrationale.
Which of the seven challenges to being an exceptionalmanager did Commissioner Manfred face in dealingwith Bowman? How did he handle them?
Which of the three skills exceptional managers needdid Bowman most lack? Which ones does CommissionerManfred most need? Explain your answers.
Which of the KSAOs needed for career readiness didBowman lack? Which ones did he display?
Given the facts of this case, do you believe Bud Seligshould have been inducted into the Baseball Hall ofFame in 2016? Why or why not?
Compare rational and nonrational decision making.
Explain how managers can make decisions that are both legal and ethical.
Describe how evidence-based management and business analytics contribute to decision making.
Compare four decision-making styles.
Identify barriers to rational decision making and ways to overcome them.
Outline the basics of group decision making.
Describe how to develop the career readiness competencies of critical thinking/problem solving and decision making.
Describe how managers align vision and strategies with the organization’s culture and structure.
Explain how to characterize an organization’s culture.
Describe the process of culture change in an organization.
Compare the structures of for-profit, nonprofit, and mutual-benefit organizations.
Identify the major elements of an organization.
Describe the eight organizational structures.
Identify the factors that affect the design of an organization’s structure.
Describe how to use the career readiness competencies of understanding the business and personal adaptability to assess an organization’s internal context.
Discuss what managers should know about organizational change.
Discuss three types of change, Lewin’s change model, and the systems approach to change.
Describe the purpose of organizational development.
Describe the approaches toward innovation and components of an innovation system.
Discuss ways managers can help employees overcome fear of change.
Review the different ways to increase the career readiness competency of openness to change.
Describe the importance of personality and individual traits in the hiring process.
Explain the effects of values and attitudes on employee behavior.
Describe the way perception can cloud judgment.
Explain how managers can deal with employee attitudes.
Identify trends in workplace diversity that managers should be aware of.
Discuss the sources of workplace stress and ways to reduce it.
Describe how to develop the career readiness competencies of positive approach and emotional intelligence.
Identify the characteristics of groups and teams.
Describe the development of groups and teams.
Discuss ways managers can build effective teams.
Describe ways managers can deal successfully with conflict.
Describe how to develop the career readiness competency of teamwork/collaboration.
Describe managers’ appropriate use of power and influence.
Identify traits and characteristics of successful leaders.
Identify behaviors of successful leaders.
Describe situational leadership.
Describe transformational leadership and its effects on employees.
Compare three additional perspectives on leadership.
Explain how to develop the career readiness competency of self-awareness.
Compare communication channels and appropriate ways for managers to use them.
Identify barriers to communication and ways managers can overcome them.
Discuss how managers can successfully use social media to communicate.
Identify ways for managers to improve their listening, writing, and speaking skills.
Review the techniques for improving the career readiness competency of networking.
Describe control as a managerial function.
Explain how successful companies implement controls.
Discuss the purpose of the balanced scorecard and strategy maps in measuring performance.
Describe financial tools managers should know.
Explain the total quality management process.
Identify barriers to effective control and ways managers can overcome them.
Describe the manager’s role in increasing productivity.
Discuss the process for managing career readiness and review five tips for managing your career.
Describe the development of current perspectives on management.
Discuss the insights of the classical view of management.
Describe the principles of the behavioral view of management.
Discuss the two quantitative approaches to solving problems.
Identify takeaways from the systems view of management.
Explain why there is no one best way to manage in all situations.
Discuss the contributions of the qualitymanagement view.
Define how managers foster a learning organization.
Describe how to develop the career readiness competency of understanding the business.
What are the two overarching perspectives about management, and what are the three viewpoints that each one covers?
What is the difference between management science and operations management?
Why should I adopt a total quality management viewpoint?
Using the economic balance sheet approach, the Laws’ economic net worth is closest to:A. $925,000.B. $1,425,000.C. $1,675,000.Raye uses a cost–benefit approach to rebalancing and recommends that
Using an economic balance sheet, which of the Laws’ current financial assets is most concerning from an asset allocation perspective?A. Equities B. Real estate C. Fixed income Raye uses a
Raye believes the previous adviser’s specification for debt is incorrect given that, for purposes of asset allocation, asset classes should be:A. diversifying.B. mutually exclusive.C. relatively
Raye believes the previous adviser’s asset class specifications for equity and derivatives are inappropriate given that, for purposes of asset allocation, asset classes should be:A. diversifying.B.
To address his concern regarding the previous adviser’s asset allocation approach, Raye should assess the Laws’ portfolio using:A. a homogeneous and mutually exclusive asset class–based risk
Raye’s approach to rebalancing global equities is consistent with:A. the Laws’ being risk averse.B. global equities’ having higher transaction costs than other asset classes.C. global
Walker Patel is a portfolio manager at an investment management firm. After successfully implementing mean–variance optimization (MVO), he wants to apply reverse optimization to his portfolio. For
Viktoria Johansson is newly appointed as manager of ABC Corporation’s pension fund. The current market value of the fund’s assets is $$10$ billion, and the present value of the fund’s
Select, for each of Armstrong’s three goals, which sub-portfolio module from Exhibit 1 Abbott should choose in constructing a portfolio. Justify each selection.Select, for each of Armstrong’s
Construct the overall goals-based asset allocation for the Armstrongs given their three goals and Abbott’s suggestion for investing any excess capital. Show your calculations. Construct the overall
Identify the behavioral biases Young is most likely exhibiting.Justify each response.A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provides Young with asset class
Determine which proposed portfolio most closely meets Young’s desired objectives. Justify your response.The broker suggests that Young rebalance her $5.5 million money market account and the $3.0
Determine which alternative best fits each account. Justify each selection.Ten years later, Young is considering an early-retirement package offer.The package would provide continuing salary and
Identify the primary reason for the broker’s reassessment of Young’s circumstances. Justify your response.Young decides to accept the retirement offer. Having very low liquidity needs, she wants
Determine which of Young’s accounts (education, retirement, reallocated money market, or unexpected needs) is best suited for implementing the broker’s recommendation. Determine which of Young's
Discuss two reasons why the proposed asset allocation is inappropriate for Titan.The Fordhart portfolio has a market value of $2 billion. After his annual meeting with its investment committee,
Discuss two reasons why the proposed asset allocation is inappropriate for Fordhart.Mark DuBord, a financial adviser, works with two university foundations, the Titan State Foundation (Titan) and the
Based on Statement 1, Park should recommend:A. hedge funds.B. private equities.C. commodity futures.Kevin Kroll is the chair of the investment committee responsible for the governance of the Shire
In answering the question raised in Statement 2, Park would most likely recommend:A. bonds.B. hedge funds.C. private equities.Kevin Kroll is the chair of the investment committee responsible for the
A limitation of the existing approach used by the committee to define the opportunity set is that it:A. is difficult to communicate.B. overestimates the portfolio diversification.C. is sensitive to
Based on Exhibit 1 and the proposed asset allocation, the greatest risk associated with the ERIP is:A. liability.B. leverage.C. liquidity.Kevin Kroll is the chair of the investment committee
The suitability concern discussed by Kroll and Park most likely deals with:A. governance.B. transparency.C. investment horizon.Kevin Kroll is the chair of the investment committee responsible for the
Which of Park’s statements regarding the asset allocation approaches is correct?A. Only Statement 3 B. Only Statement 4 C. Both Statement 3 and Statement 4 Kevin Kroll is the chair of the
Based on the forecasted environment, liquidity planning should take into account that general partners may:A. call capital at a slower pace.B. make distributions at a faster pace.C. exercise an

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