Exam 3 Flashcards
What is an objective?
The goal an organization wants to accomplish
What is a “micro-manager”?
Someone who fails to delegate tasks to subordinates
What is over-management?
Having too many managers within an organization.
What is the “Civil Service Exam”?
A formal instrument given to all applicants for a public position used to decide who is best qualified.
What did the “Wagner Act of 1935” do?
Ushered in widespread collective bargaining
What does the line-item veto do?
Empowers a government executive to delete portions of a bill. *Rarely used in local government.
What is the “Blue-Flu”?
An informal strike where police officers all call in sick on the same day.
What is suffrage?
The right to vote.
Who is Chester Barnard?
He wrote “Functions of The Executive”: 1. To provide a system of communication
- To promote the securing of essential efforts
- To formulate and define the purposes and goals of an organization.
What is meant by analytics?
Stats and quantitative and qualitative methods used to drive decision making.
What is meant by “Enterprise Risk Management”?
The use of analytics to forecast your government/agency/other organization’s level of risk
What are tenants of a free-market?
- Competition
- Access to information
- Invisible hand – Goods and services provided guided by consumer preference.
- Winners and losers
What are the 4 reasons for regulation?
1) Market failures.
2) Free-market solutions infringe on minority rights.
3) Good that are considered rights.
4) Unacceptable consequences
Types of market failure and how to stop this?
Types: Monopoly, Imperfect information, Barriers to entry. How to Stop: Ban or regulate monopolies, require certain information, Create or eliminate barriers to entry.
What is Monopoly?
When one provider has cornered the market.
*Certain goods, like utilities, are government regulated monopolies.
When is a good a right?
- When society deems it so (through legislative action usually).
- We create rules to ensure universal access, if, society deems something a right.
What is meant by “too big to fail”?
Means a private sector bankruptcy would have unacceptable consequences on the total U.S. economy.
What is a regulation?
- A rule.
- Usually created by independent regulatory agencies or the legislature to protect the public welfare.
Often through administrative rules.
Ex: Occupational licenses, Zoning, Building codes, Public health.
What are some negatives to regulation?
Slows things down, can have an economic impact, can become obsolete.
What is recruitment?
The process of advertising job openings and encouraging candidates to apply.
What did the “Pendleton Act of 1883” do?
Introduced merit selection for federal government positions.