Chapters 7-11: Managing A Business And Employees Flashcards

1
Q

What is Flow?

A

The state of feeling completely involved and focused on task.

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2
Q

What is Maslow’s Hierarchy of needs?

A

Humans have a latter or needs to be filled before anything else can be accomplished, including: Physiology, Safety, Belonging, Esteem and Self-actualization.

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3
Q

What is McClelland’s Three Needs Theory?

A

Three main needs for achievement, affiliation, and power?

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4
Q

What are Hygiene factors?

A

Factors such as safe working environment, proper pay and benefits, and positive relationships with other co-workers.

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5
Q

What are Extrinsic motivators?

A

Factors external to the employee such as pay or promotions which improve their engagement at work.

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6
Q

What are Intrinsic motivators?

A

Internal factors inside of a person that come from his or her actual interest in the work or from a sense of purpose and value in the work being done.

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7
Q

What is Theory X?

A

Humans dislike work and will try to avoid it if they can.

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8
Q

What is Theory Y?

A

People view work as natural and will be motivated to work as long as they are satisfied with their jobs.

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9
Q

What is Theory Z?

A

Workers want to cooperate and be loyal to an organization and emphasizes collaborative decision making.

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10
Q

What is the Vroom Model (Expectancy theory)?

A

An individuals motivation can be described by the relationship between three factors: Expectancy, Instrumentality, and Valence.

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11
Q

What is Industrial Psychology?

A

Field of study developed to scientifically understand how to optimally manage people and work.

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12
Q

What is the Hawthorne Effect?

A

When workers feel important, productivity increases.

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13
Q

What are characteristics of a Democratic leader?

A

Delegate authority and involves employees in the decision making process, listens well, team worker, and influences others.

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14
Q

What are the characteristics of a Autocratic leader?

A

Make decisions without consulting others, commands, threatens, has tight control, creates dissonance and contaminates everyone’s mood.

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15
Q

What are the characteristics of a Affiliative leader?

A

Promotes harmony, empathizes with others, boosts moral, and solves conflicts.

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16
Q

What are the characteristics of a Visionary leader?

A

Inspires, believes in own vision, empathetic and explains how and why peoples efforts contribute to the “dream.”

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17
Q

What is Group Flow?

A

Achieved when a group knows how to work together so tat each individual member can achieve flow.

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18
Q

What is Online Advertising?

A

Any form of advertising that uses the internet to market its message to customers.

19
Q

What is Pay-Per-Click Advertising? (PPC)

A

Advertisers pay only for the number of times a web surfer clicks on their ads.

20
Q

What is Viral Marketing?

A

Using social networks, email, and websites to spread the awareness of a particular brand.

21
Q

What are the Duties of a Chief Information Officer? (CIO)

A

Determine how systems should be designed and developed, decide whether a firm should update or replace its computer systems, manage a budget that balances the benefits of technology against the ever rising cost of having their latest systems, and setting policy for privacy and security concerns.

22
Q

What is Information Technology? (IT)

A

Design and implementation of computer based information systems.

23
Q

What is an Information System?

A

Focus on applying IT to the solution of business and economic problems.

24
Q

What is the difference between Data and Information?

A

Data must be organized and arranged to be useful as Information.

25
Q

What is Crowd-sourcing?

A

Process of using the suggestion of customers and people online to help a business make decisions.

26
Q

What is Cloud Computing?

A

Support of large increase in the growth of mobile technology.

27
Q

What is Production?

A

Process of getting a good or service to the customer; a series of related activities with value being added at each stage.

28
Q

What is Production Management?

A

The planning, implementation and control measures used to convert resources into finished products.

29
Q

What is the Make-or-Buy Decision?

A

What needs to be made and what needs to be purchased.

30
Q

What is Mass Production?

A

Method of producing large amount of goods for a low price.

31
Q

What is Mass Customization?

A

Production of goods or services tailored to meet customers individual needs.

32
Q

What is a Flexible Manufacturing System? (FMS)

A

System in which machines are programmed to process different part types simultaneously allowing a manufacturer to mass produce customized products.

33
Q

What is Lean Production?

A

Process with reducing waste and improving flow in the production of goods.

34
Q

What is Operations Management

A

Managing the activities and processes to produce and distribute products and services.

35
Q

What is Computer Aided Design? (CAD)

A

Using computers to create two or three dimensional computer models of parts or products.

36
Q

What is Computer Aided Manufacturing? (CAM)

A

Uses the design data to control the machinery used in the manufacturing process.

37
Q

What is Computer Integrated Manufacturing? (CIM)

A

Combine the design and manufacturing functions with other automated functions such as order taking, shipment and billing for the complete automation of a manufacturing plant.

38
Q

What is Inventory Control?

A

Receiving, handling, and tracking of everything i a company’s stock.

39
Q

What is Just In Time Inventory?

A

System that keeps the smallest amount of inventory on hand as possible and everything else ordered when its needed.

40
Q

What is Quality Control?

A

Use of technologies and processes to guarantee that a certain good or service meets a specified level of quality.

41
Q

What is Total Quality Management? (TQM)

A

Involves every factor in producing high quality goods.

42
Q

What is Supply Chain Management?

A

Management of activities form all organizations involved in the production process.

43
Q

What is a Supply Chain?

A

Made up of information and communication systems that work together to coordinate the path of the product and its components from raw material to finished product delivered to the consumer.