GB 370 Final Exam Ole Miss 2026/2027 |
Comprehensive Exam Review |150+ Original
Practice Questions with Answers & Detailed
Rationales |Final Exam Success Study Guide|
GB 370 Final Exam
what are the backbone of business plans? - ✅🌹CORRECT ANSWER-Financial
Factors
What is the easiest business legal structure to start up? - ✅🌹CORRECT ANSWER-
Sole Proprietorship
What does MVP stand for? - ✅🌹CORRECT ANSWER-Minimum Viable Product
Differentiation of products create _______ rivalry - ✅🌹CORRECT ANSWER-less
An Organizational analysis is an assessment of _________ and ___________ -
✅🌹CORRECT ANSWER-Strengths and weaknesses
POLC framework stands for - ✅🌹CORRECT ANSWER-planning, organization,
leading, controlling
Strategy falls under what category of POLC - ✅🌹CORRECT ANSWER-planning
,True or false: Uncertainty is one of the main driving forces in an organization -
✅🌹CORRECT ANSWER-true
True or False: Strategy is only relevant to large public companies - ✅🌹CORRECT
ANSWER-false
What is Fred Taylor famous for? - ✅🌹CORRECT ANSWER-time studies
Bounded rationality is - ✅🌹CORRECT ANSWER-when decision makers are limited
by having incomplete information as well as by their values, unconscious reflexes,
skills, and habits
Whether an alternative is within the realm of probability and practicality for the
organization is the definition of which alternative evaluation criteria? -
✅🌹CORRECT ANSWER-Feasibility
Operational plans flow directly from ________ plans - ✅🌹CORRECT ANSWER-
tactical
the decision to hire a janitorial service, buy a fleet of sales vehicles, or hire a PR
expert are all decisions made under _________ - ✅🌹CORRECT ANSWER-
uncertainty
What is an example of a programmed decision? - ✅🌹CORRECT ANSWER-
Students sits in the same seat in mgmt 101 every class even though seats are
unassigned
, True or False: A Delphi group is an example of an interacting group -
✅🌹CORRECT ANSWER-false
True or false proper implementation of tactical plans requires a clear cut
operational plan - ✅🌹CORRECT ANSWER-false
A manager who had difficulty identifying alternatives and assessing their
probabilities is experiencing __________________________ - ✅🌹CORRECT
ANSWER-decision making under uncertainty
Reduced innovativeness occurs because employees are used to behaving in a
certain manner is a disadvantage of ____________ in organizational structure -
✅🌹CORRECT ANSWER-formalization
True or false in centralized companies many important decisions are made at
lower levels of their hierarchy - ✅🌹CORRECT ANSWER-false
Youtube was operating at a loss when Google bought it. Three years later it is still
operating at a loss. Google may be experiencing - ✅🌹CORRECT ANSWER-
escalation of commitment
a balloon loan requires only the ___ to be paid before the final day of the loan -
✅🌹CORRECT ANSWER-interest
A no interest loan cannot be more than ______ - ✅🌹CORRECT ANSWER-
$100,000
Comprehensive Exam Review |150+ Original
Practice Questions with Answers & Detailed
Rationales |Final Exam Success Study Guide|
GB 370 Final Exam
what are the backbone of business plans? - ✅🌹CORRECT ANSWER-Financial
Factors
What is the easiest business legal structure to start up? - ✅🌹CORRECT ANSWER-
Sole Proprietorship
What does MVP stand for? - ✅🌹CORRECT ANSWER-Minimum Viable Product
Differentiation of products create _______ rivalry - ✅🌹CORRECT ANSWER-less
An Organizational analysis is an assessment of _________ and ___________ -
✅🌹CORRECT ANSWER-Strengths and weaknesses
POLC framework stands for - ✅🌹CORRECT ANSWER-planning, organization,
leading, controlling
Strategy falls under what category of POLC - ✅🌹CORRECT ANSWER-planning
,True or false: Uncertainty is one of the main driving forces in an organization -
✅🌹CORRECT ANSWER-true
True or False: Strategy is only relevant to large public companies - ✅🌹CORRECT
ANSWER-false
What is Fred Taylor famous for? - ✅🌹CORRECT ANSWER-time studies
Bounded rationality is - ✅🌹CORRECT ANSWER-when decision makers are limited
by having incomplete information as well as by their values, unconscious reflexes,
skills, and habits
Whether an alternative is within the realm of probability and practicality for the
organization is the definition of which alternative evaluation criteria? -
✅🌹CORRECT ANSWER-Feasibility
Operational plans flow directly from ________ plans - ✅🌹CORRECT ANSWER-
tactical
the decision to hire a janitorial service, buy a fleet of sales vehicles, or hire a PR
expert are all decisions made under _________ - ✅🌹CORRECT ANSWER-
uncertainty
What is an example of a programmed decision? - ✅🌹CORRECT ANSWER-
Students sits in the same seat in mgmt 101 every class even though seats are
unassigned
, True or False: A Delphi group is an example of an interacting group -
✅🌹CORRECT ANSWER-false
True or false proper implementation of tactical plans requires a clear cut
operational plan - ✅🌹CORRECT ANSWER-false
A manager who had difficulty identifying alternatives and assessing their
probabilities is experiencing __________________________ - ✅🌹CORRECT
ANSWER-decision making under uncertainty
Reduced innovativeness occurs because employees are used to behaving in a
certain manner is a disadvantage of ____________ in organizational structure -
✅🌹CORRECT ANSWER-formalization
True or false in centralized companies many important decisions are made at
lower levels of their hierarchy - ✅🌹CORRECT ANSWER-false
Youtube was operating at a loss when Google bought it. Three years later it is still
operating at a loss. Google may be experiencing - ✅🌹CORRECT ANSWER-
escalation of commitment
a balloon loan requires only the ___ to be paid before the final day of the loan -
✅🌹CORRECT ANSWER-interest
A no interest loan cannot be more than ______ - ✅🌹CORRECT ANSWER-
$100,000
