MGT 300 REVIEW TIPS QUESTIONS AND
ANSWERS SET A+
✔✔overt integrity tests - a written test that estimates job applicants' honesty by directly
asking them what they think or feel about theft or about punishment of unethical
behaviors
✔✔personality-based integrity tests - written test that indirectly estimates job applicants'
honesty by measuring psychological traits such as dependability and conscientiousness
✔✔ethical climate - organizational culture is key to fostering ethical decision making
✔✔ethical climate - management needs to be active in and committed to the ethics
program
✔✔ethical climate - encourage managers and employees to report ethical violations
✔✔whistle blowing - going outside the company for reporting about ethical violations;
laws to protect this but most companies handle it before it gets to this
✔✔shareholder model - the only social responsibility that businesses have is to
maximize profits
✔✔stakeholder model - management's most important responsibility is not just
maximizing profits, but the firm's long-term survival
✔✔stakeholder - in regards to a business, an employee, citizens of town, and others
who rely on a company staying open
✔✔benefits of planning - intensified effort, persistence, direction, creation of task
strategies
, ✔✔intensified effort, persistence, direction, creation of task strategies - benefits of
planning
✔✔pitfalls of planning - impedes change and prevents or slows adaptation, creates a
false sense of certainty, detachment of planners
✔✔impedes change and prevents or slows adaptation, creates a false sense of
certainty, detachment of planners - pitfalls of planning
✔✔specific measurable, attainable, realistic, timely - SMART goals
✔✔tactical plans - specify how a company will use resources, budgets, and people to
accomplish specific goals related to its strategic objective
✔✔6 months - 2 years - time frame of a tactical plan
✔✔management by objectives MBO - four-step process in which managers discuss and
select goals, develop tactical plans, and meet regularly to review progress toward goal
accomplishment
✔✔portfolio strategies - corporate-level strategy that minimizes risk by diversifying
investment among various businesses or product lines
✔✔acquisitions and unrelated diversification - under portfolio strategies, a company can
grow through...
✔✔Boston consulting group matrix (BCG) - a portfolio strategy that categorizes a
corporation's businesses by growth rate and relative market share and helps managers
decide how to invest corporate funds
✔✔question mark, star, cash cow, dog - list 4 types of companies on BCG
✔✔question mark - a company with a small share of fast-growing market
✔✔star: ride - a company with a large share of a fast-growing marker; what do you do
with it?
✔✔cash cow; milk - a company with a large share of a slow-growing marker; what do
you do with it?
✔✔dog; kill - a company with a small share of a slow-growing market; what do you do
with it?
✔✔strengths, weaknesses, opportunities, threats - SWOT analysis
ANSWERS SET A+
✔✔overt integrity tests - a written test that estimates job applicants' honesty by directly
asking them what they think or feel about theft or about punishment of unethical
behaviors
✔✔personality-based integrity tests - written test that indirectly estimates job applicants'
honesty by measuring psychological traits such as dependability and conscientiousness
✔✔ethical climate - organizational culture is key to fostering ethical decision making
✔✔ethical climate - management needs to be active in and committed to the ethics
program
✔✔ethical climate - encourage managers and employees to report ethical violations
✔✔whistle blowing - going outside the company for reporting about ethical violations;
laws to protect this but most companies handle it before it gets to this
✔✔shareholder model - the only social responsibility that businesses have is to
maximize profits
✔✔stakeholder model - management's most important responsibility is not just
maximizing profits, but the firm's long-term survival
✔✔stakeholder - in regards to a business, an employee, citizens of town, and others
who rely on a company staying open
✔✔benefits of planning - intensified effort, persistence, direction, creation of task
strategies
, ✔✔intensified effort, persistence, direction, creation of task strategies - benefits of
planning
✔✔pitfalls of planning - impedes change and prevents or slows adaptation, creates a
false sense of certainty, detachment of planners
✔✔impedes change and prevents or slows adaptation, creates a false sense of
certainty, detachment of planners - pitfalls of planning
✔✔specific measurable, attainable, realistic, timely - SMART goals
✔✔tactical plans - specify how a company will use resources, budgets, and people to
accomplish specific goals related to its strategic objective
✔✔6 months - 2 years - time frame of a tactical plan
✔✔management by objectives MBO - four-step process in which managers discuss and
select goals, develop tactical plans, and meet regularly to review progress toward goal
accomplishment
✔✔portfolio strategies - corporate-level strategy that minimizes risk by diversifying
investment among various businesses or product lines
✔✔acquisitions and unrelated diversification - under portfolio strategies, a company can
grow through...
✔✔Boston consulting group matrix (BCG) - a portfolio strategy that categorizes a
corporation's businesses by growth rate and relative market share and helps managers
decide how to invest corporate funds
✔✔question mark, star, cash cow, dog - list 4 types of companies on BCG
✔✔question mark - a company with a small share of fast-growing market
✔✔star: ride - a company with a large share of a fast-growing marker; what do you do
with it?
✔✔cash cow; milk - a company with a large share of a slow-growing marker; what do
you do with it?
✔✔dog; kill - a company with a small share of a slow-growing market; what do you do
with it?
✔✔strengths, weaknesses, opportunities, threats - SWOT analysis
