Exam 1

Exam 1 - Exam1 16:05

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Exam 1 16:05 Ford Motor Company, who owned Jaguar decided in 2002 to trim costs in the British unit  by using a Ford midsize chassis (the same used in the Ford Taurus) for its Jaguar X- type sedan. At the same time they dropped the price on the X-type to less than $30k to  attract more buyers. However, consumers were unimpressed and commented that the  X-type had no pizzazz. In fact, your humble instructor called it the Taurisation of the X- type. Sales of the X-type lagged. Given the description, Ford’s actions were Ineffective but efficient What’s the manager’s most important resource? Human resources Is management art or science? Both Which of the following is not true concerning the Industrial Revolution Prices for goods increased as a result Which of the following is true concerning effectiveness and efficiency? Efficiency is concerned with doing the right thing at the right time The more a company wants to be effective the easier it is for the company to be efficient Efficiency is a guarantee of effectiveness Effectiveness is concerned with minimizing resource costs Efficient organizations tend to be effective ones as well
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Southwest Airlines is one of the few profitable airlines. In fact, its market share in 2008  increased while at the same time its costs relative to its competitors were low (during the  2 nd  quarter of 2008 70% of its fuel was hedged at $51 a barrel whereas 2 nd  quarter crude  oil prices were above $128 a barrel). Southwest was Both effective and efficient Which of the following is not true regarding corporate downsizing? It’s primarily effectiveness-oriented Which level of management has at its primary functions, interpreting and integrating?
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This note was uploaded on 10/07/2011 for the course MGT 3200 taught by Professor Sauley during the Fall '06 term at LSU.

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Exam 1 - Exam1 16:05

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