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ADM1101 Midterm: Mid-term review GMS200.docx

Course Code
ADM 1101
Zhaosong L U
Study Guide

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Lecture 1, chapter 1
1, what does the term of global management mean?
Global management: involves managing operations in more than one country.
2, define globalized economy
In the global economy, resources, markets, and competition are worldwide in scope.
3, in a competitive global business landscape, the increasing demand for talented knowledge
workers is primarily due to the increasing # of low-cost production.
A, true
B, false
4, the age gap in today’s workplaces is one of the diversity issues that may create major
challenges for managers.
A, true
B, false
5, the recruitment and retention of talented workers is one the major challenges faced by
managers in a globally competitive economy.
A, true
B, false
6, According to Katz’s framework on essential managerial skills, low-level managers need to
develop more conceptual skills than top-level managers.
A, true
B, false
7, what are the key conditions that describe the general (business) environment?

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The general environment is composed of economic, legal-political, technological, social-cultural,
and natural environment conditions.
A, Economic Environment
Economic growth
Unemployment rate
Disposable income
B, Legal-political Environment
Laws and regulations
Business forms
Political trends
C, Technological Environment
IT systems/infrastructure
Broadband internet access
D, Socio-Cultural Environment
Population demographics
Education system
Health/nutrition values
E, Natural Environment
“green” values
Recycling infrastructure
8, a global economy is characterized by ________
A global economy is characterized by resource flows, product markets and business competition
9, describe a learning organization
A learning organization continuously changes and improves, using the lessons of experience

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10, what are the critical survival skills for the new workplace? (See chapter 1, notepad 1.1)
Mastery - You need to be good at something; you need to be able to contribute something of
value to your employer
Networking - You need to know people, links within and outside of organization
Entrepreneurship - Act like it is your own business and spotting and embracing ideas
Love of technology - Willingly and able to fully utilize information technology
Marketing You need to be able to communicate your successes and progress, both yours
personally and those of your work group
Passion for renewal – You need to be continuously learning and updating yourself to meet future
Lecture 2, chapter 13
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