MGMT 201 Principles of Management – FINAL EXAM Study Guide – FALL 2017/18 Page 1
MGMT 201 FINAL Exam Study Guide
The FINAL Examination will constitute 35% of your term grade. The exam will have 100 points.
The exam will focus on material presented in class from Chapters 7, 8, 11, 12, & 14 in the Fundamentals
of Management textbook
There will be 25 Multiple Choice Questions. Each question will be worth two points for a total of 50
points. Additionally, there will be 5 Short Answer Questions, each worth 10 points for a total of 50
points. For the short answer questions, you will be given seven (7) questions, and you will choose five of
those questions to answer.
Multiple choice questions will cover the topics studied after the midterm (and including chapter 7).
Short Answer Questions will cover important topics for the entire term. This guide will include a bank of
potential questions for your preparation.
Questions will be sourced from the textbook and lecture notes. Pay particular attention to topics
highlighted with an asterixis (*).
There were also be an Extra Credit Short Answer Question worth ten (10) additional points.
Outline of Topics to Study:
Chapter 7 – Managing Human Resources
1. Definition of Human Resource Management: The process of hiring and developing employees so
that they become more valuable to the organization.
a. Components*
i. conducting job analyses,
ii. planning personnel needs,
iii. recruiting the right people for the job,
iv. orienting and training,
v. managing wages and salaries,
vi. providing benefits and incentives,
vii. evaluating performance,
viii. resolving disputes
