LSUS MBA 704 FINAL TEST 2026 QUESTIONS WITH
CORRECT ANSWERS GRADED A+
● What is the major challenge and critical competitive advantage in business?. Answer:
people
● Why are people a competitive advantage?. Answer: motivations, ideas, personalities,
and cultural values can not be copied
● human capital. Answer: what you know (education, experience, and skills)
● investing in human capital results in. Answer: desired performance outcomes
● social capital. Answer: who you know (networks, connections, friends)
● positive psychological capital. Answer: who you are in terms of confidence, hope,
optimism, resiliency, and who you can become
● paradigm. Answer: broad model, a framework, a way of thinking, or a scheme for
understanding reality
● paradigm effect. Answer: situation arises in which those in the existing paradigm may not
even see the changes occurring, let alone reason and draw logical inferences and perceptions
about the change
● What explains why there is resistance to change. Answer: paradigm effect
● Management has 3 major dimensions. Answer: technical, conceptual, and human
● Sources that seem to prevent the majority of managers from effective
implementation and sustainability. Answer: hollow talk, debilitating fear, destructive internal
competition, poorly designed and complex measurement systems, and mindless reliance on
precedent
● Evidence based management. Answer: translating principles based on best evidence into
organizational practice
● 3 cases in Hawthorne's studies. Answer: illumination tests, relay tests, and bank wiring
CORRECT ANSWERS GRADED A+
● What is the major challenge and critical competitive advantage in business?. Answer:
people
● Why are people a competitive advantage?. Answer: motivations, ideas, personalities,
and cultural values can not be copied
● human capital. Answer: what you know (education, experience, and skills)
● investing in human capital results in. Answer: desired performance outcomes
● social capital. Answer: who you know (networks, connections, friends)
● positive psychological capital. Answer: who you are in terms of confidence, hope,
optimism, resiliency, and who you can become
● paradigm. Answer: broad model, a framework, a way of thinking, or a scheme for
understanding reality
● paradigm effect. Answer: situation arises in which those in the existing paradigm may not
even see the changes occurring, let alone reason and draw logical inferences and perceptions
about the change
● What explains why there is resistance to change. Answer: paradigm effect
● Management has 3 major dimensions. Answer: technical, conceptual, and human
● Sources that seem to prevent the majority of managers from effective
implementation and sustainability. Answer: hollow talk, debilitating fear, destructive internal
competition, poorly designed and complex measurement systems, and mindless reliance on
precedent
● Evidence based management. Answer: translating principles based on best evidence into
organizational practice
● 3 cases in Hawthorne's studies. Answer: illumination tests, relay tests, and bank wiring
