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Mngt 3100 Fetsch Exam 1 Questions With 100% Correct Answers

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MNGT 3100 FETSCH EXAM 1 QUESTIONS WITH 100% CORRECT ANSWERS

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__________ is the tendency to overestimate our performance and capabilities and see
oneself in a more positive light than that held by others.


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self-enhancing bias




The primary purpose of assembling a team is __________.


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to achieve bigger goals than the sum of the individuals' accomplishments




Regarding corporate strategy, what is the purpose of diversification?

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To spread out risk and opportunities over a larger set of businesses




---- exists when the interaction of two or more activities create a combined effect
greater than the sum of their individual effects whereas ---- exists when an
organization participates in multiple businesses that are in some way distinct from
each other.


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synergy
diversification




Entrepreneurship


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helps organizations identify opportunities




valuable


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allows the firm to exploit opportunities or negate threats int he
environment

,__________ involves ensuring that performance does not deviate from standards
(expected results).


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Controlling




__________ is the workplace environment formulated from the interaction of the
employees in the workplace.


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organizational culture




Disipline


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Workers must understand the rules and managers must use penalties
judiciously for violations




The __________ (U.S. law) sought to reform corporate governance practices in large
public companies. It directing them to establish a code of ethical conduct, among
other requirements.


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, Sarbanes-Oxley Act




Environmental PESTEL analysis


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Includes physical conditions within and organization operates, includes
natural disasters, weather patterns and pollution levels




__________ is the unspoken, informal understanding that an employee will contribute
certain things to the organization and will receive certain things in return.
-Self-fulfilling prophesy
-Turnover
-Job satisfaction
-Psychological contract


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Psychological contract




Regarding corporate strategy, what is the purpose of synergy?
-To spread out risk and opportunities over a larger set of businesses
-To create a positive interaction between two or more related activities
-To capture more consumers by competing in several unrelated activities
-To build a portfolio of businesses much like a portfolio of stocks


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