Questions and Answers of Principles Of Management

Describe the “magic triangle”.
Which goals dominate the goal system of public administrations?
What are the components of a goal concept?
What is the function of a mission statement and what aspects should be considered in its development?
What sub-factors are included in the universal system of production factors?
What are assets?
What characterizes internal services?
Give examples of external services.
What is meant by licensing?
What costs can arise due to effects on nature and natural resources?
What are external diseconomies?
How can personnel requirements be determined?
What is meant by coverage rate?
What factors shape the organization of procurement?
What is the relationship described by the production function?
What are outcome and impact in the context of an efficiency analysis?
What are the different kinds of scale and when are they used?
Why are administrative prices useful?
Why is it important to operationalize?
What payment streams exist?
What does the golden financing rule say?
How is cash flow calculated?
What are the general forms of financing and what do each of them compromise?
How is a performance split conducted?
How are income statements structured?
What is the structure of a balance sheet?
What is the goal of creating a cost center plan?
What is the task of cost unit accounting?
What is an operating statement?
What is the difference between the direct costing-method and the method of relative direct costs?
What is the goal of the cost-benefit analysis?
How can the benefits of a project be analyzed if it cannot be measured in monetary terms?
Which accounting branches are part of the systematic arrangement of management accounting?
What is the eco-efficiency analysis?
What are the contents of outcome-impact-result statements?
What is a flow statement?
What is included in an outcome-impact-balance sheet?
What are external assets and liabilities?
Distinguish between expenditures and expenses.
What is the difference between revenues and income?
What is a ratio system and what does it include?
Why are ratios so popular?
How are the characteristics of static calculations? And dynamic calculations?
Describe how the profit comparison method works.
What is the prerequisite for the use of profitability calculations?
What conclusions can be drawn from payback calculations?
What conclusions can be drawn from a break-even calculation?
What are the two ways of calculating added value?
What is meant by capital value and what are the problems of the capital value method?
What is the assumption behind the interest rate method?
How is the profitability of an investment calculated with the annuity method?
How can the vector analysis be applied in operational business activities?
What is a risk analysis used for?
How does the moving average method work?
What is the advantage of regression analysis compared to time-series analysis?
What influences the decision to buy or rent?
What are the underlying assumptions of the basic model of economic order quantity?
What are the advantages and disadvantages of a low degree of centralization of procurement?
What does a simple model of optimal location consist of?
What are A items, B items and C items?
What aspects must be considered in environmentally aware warehousing?
What is meant by cost lag?
On what assumptions is the basic model of the optimal lot size based and to what extent are they problematic?
What is the level of activity?
Which factors determine cost structure?
What recycling and recovery alternatives exist for industrial waste?
What are administrative overheads?
How is the method of zero-based budgeting carried out?
What advantage does a hybrid system have over purely functional and hierarchical systems?
What are the core ideas of Peter Ulrich and Edgar Fluri?
Describe a goal matrix.
What are the elements of management systems?
What different kinds of knowledge exist and how do they relate to management?
Why do many business entities use a Balanced Scorecard?
Describe the budget system of a multi-level concern,
What is the connection between organizational structure and organizational process structure?
What different types of controllership can be distinguished and which principles are essential for its success?
What are the main responsibilities of human resource management?
What are the elements of the management process?
What do you do when you have more than 600 business units operating through 360 independent affiliates in 140 countries around the world-processing complex invoices in various languages and
You are a manager at a traditional automobile manufacturer (Ford, GM, Daimler-Chrysler). You know that Tesla is an up-and-coming competitor, and you’re also working on electric cars for your
Assess the education that you have received from grade school up to this course. What technology has been used to provide education to you? What technology and innovation would improve the
What has been the evolution of human resource management (HRM) over the years, and what is the current value it provides to an organization?
How does the human resources compliance role of HR add value to an organization?
How do performance management practices impact company performance?
How do companies use rewards strategies to influence employee performance and motivation?
What is talent acquisition, and how can it create a competitive advantage for a company?
What are the benefits of talent development and succession planning?
How diverse is the workforce?
How does diversity impact companies and the workforce?
What is workplace discrimination, and how does it affect different social identity groups?
What key theories help managers understand the benefits and challenges of managing the diverse workforce?
What can organizations do to ensure applicants, employees, and customers from all backgrounds are valued?
How do leaders influence and move their followers to action?
What are the behavioral perspectives on leadership?
What does the concept “substitute for leadership” mean?
What is diversity?
What does the concept “substitute for leadership” mean?
What are the characteristics of transactional, transformational, and charismatic leadership?
How do different approaches and styles of leadership impact what is needed now?

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