MGMT 4030
Exam 3 Information
Exam 3 will have the same general structure as the first two exams. It will be worth 40 points, and will have a mix of:
Obviously, a big difference will be where the questions come from. Although I’ve not lectured much (except for Chapter 10), there has been substantial content provided in the team presentations (as well as most of the guest speakers). There is also material from Chapters 10 – 13, which you’re responsible for even if we didn’t discuss it in class. (In fact, the material from each chapter is also the topic of at least one team presentation.) So my best estimate is that for this exam the breakdown by source is probably about:
· 20% review (covered in both book and lecture)
· 50% primarily from the book (Chapters 10 – 13)
· 30% from guest speakers or team presentations
For the chapters that we didn’t cover in detail and for the presentations, I’m looking for big issues, not detail (unlike the first exam, in particular). Make sure you know the key terms in the chapters and can contrast similar concepts. A similar point applies to the presentation—be familiar with the key issues as well as key concepts described in their handouts or presentations. (Remember that I have copies of most of the presentations on the course web site.)
For review material, expect to see questions on material from prior chapters that link to the new material. For one example, legal issues have re-appeared in the discussion of mandated benefits. Also remember some of the weak points in Exam 2; be sure you’re comfortable with the various forms of equity and how they relate to typical compensation procedures.
Although the last exam was much improved from the first in this regard, let me remind you to take your time thinking before you write answers to the open-ended questions. There will be absolutely no time pressure, since this exam is no longer than the first two (which took less than an hour for nearly all of you). Consider outlining your answer first on the back of one of the first pages of the exam, or in the margin. Re-read your answer to make sure it makes sense to someone other than yourself. Also remember that I’m not looking for long answers; in fact, long answers are often simply full of “fluff.” I’m looking for clear answers that explain the concept AND clarify how the concept is different from other, related concepts. Remember that examples do NOT substitute for definitions.
ALSO REMEMBER THAT THE EXAM STARTS AT