mgmt test bank exam questions with
complete solutions latest update
The Chief Executive Officer (CEO) of PepsiCo, Indra Nooyi, subscribes to a triple-
bottom-line approach to competitive advantage—considering not only economic, but
also social and environmental performance. Identify the phrase that represents the
vision of PepsiCo as described by Ms. Nooyi. - Answer-Performance with a Purpose
The Chief Executive Officer (CEO) of PepsiCo, Indra Nooyi, subscribes to a triple-
bottom-line approach to competitive advantage—considering not only economic, but
also social and environmental performance. Based on this, which of the following is a
mission of PepsiCo? - Answer-Including healthy choices in its lineup
The first step in the strategic management process is to: - Answer-define a firm's vision,
mission, and values.
Strategic leadership pertains to the use of power and influence by _____ to direct the
activities of others when pursuing an organization's goals. - Answer-corporate
executives
Orange Synergy Inc. is a company that manufactures a variety of products that run on
solar power. The company wants to ensure that solar technology replaces all forms of
exhaustible energy sources in the near future. Which of the following statements will
make an accurate vision for Orange Synergy? - Answer-All nations around the globe
should have access to a sustainable energy source.
True Help is a non-profit organization that works toward rehabilitating the homeless.
The credo of the organization is "help us help you." For an organization like True Help,
which of the following statements would make an appropriate mission? - Answer-We
help the homeless gain and sustain financial independence by providing employment
opportunities.
Strategic commitments are actions that are: - Answer-long-term oriented.
Visionary companies are able to outperform their competitors because: - Answer-they
provide more aspirational visions.
To be effective, firms need to: - Answer-back up their visions with strategic
commitments that are costly and difficult to reverse.
Which of the following statements about product-oriented visions is true? - Answer-They
tend to force managers to take a myopic view of the landscape.
,Cuisine Pro Inc. is a company that manufactures consumer electronics like refrigerators,
washing machines, and dishwashers. Which of the following best illustrates a product-
oriented vision for Cuisine Pro? - Answer-To be the pioneering manufacturer of home
and kitchen appliances
Which of the following statements is true of customer-oriented visions? - Answer-
Customer-oriented vision statements are not the same as listening to your customer.
Which of the following is a customer-oriented vision? - Answer-To enable people
throughout the globe to identify their capabilities
Pioneer Pharma Inc. and GH Medicines Corp. are two competing firms in the
pharmaceutical industry. While Pioneer Pharma Inc.'s vision is "to be a preeminent drug
manufacturer in the industry," GH Medicines Corp.'s vision is "to make good health a
reality for everyone around the world." Which of the following is an implication of these
different visions? - Answer-GH Medicines will be more flexible than Pioneer Pharma
when adapting to changing environments.
A positive relationship between vision statements and firm performance is more likely to
exist when: - Answer-organizational structures are aligned with the firm's vision
statement.
_____ are best described as the ethical standards and norms that govern the behavior
of individuals within a firm. - Answer-Organizational values
Organizational values are the _____ that govern the behavior of individuals within a firm
or organization. - Answer-ethical standards and norms
When do employees fail to adopt the organizational values of a firm? - Answer-When
the top managers in the firm are merely paying lip service to the firm's stated values
Organizational values help individuals make choices that are: - Answer-both ethical and
effective in advancing a company's goals.
As the CEO of a conglomerate, Juana Mark exhibited her strong commitment toward
the company's core value that customer's well-being is more important than profit when
she decided to liquidate the company's tobacco subsidiary. The tobacco brand sold by
her company was a major revenue earner in lesser-developed nations. However, Juana
believed that her company had to be responsible toward the society. In this scenario,
Juana has demonstrated _____. - Answer-strategic leadership
The pharmaceutical company Merck's new drug Vioxx was a blockbuster, generating
revenues of $2.5 billion a year by 2002 and growing fast. When allegations began to
appear in the medical community, Merck announced the voluntary withdrawal of Vioxx
from the market. In this example, Merck provides an example of what can happen if a
company deviates from its _____. - Answer-core values
, The _____ is a conceptual framework that views organizational outcomes—strategic
choices and performance levels—as reflections of the values of the members of the top
management team, who interpret situations through the lens of their unique
perspectives. - Answer-upper-echelons theory
According to the upper-echelons theory, the organizational outcomes of a company
primarily reflect the values of the _____. - Answer-CEO of the company
According to the Level-5 leadership pyramid, a manager in Level 1 typically: - Answer-
makes productive contributions through motivation, talent, knowledge, and skills.
Nathan is part of a sales team. He effectively coordinates his tasks with others in the
team and willingly contributes to their efforts in achieving the team's objectives. Thus,
Nathan is in _____ of the Level-5 leadership pyramid. - Answer-Level 2
According to the Level-5 leadership pyramid, a manager at Level 3 has acquired the
ability to: - Answer-organize resources effectively to accomplish predetermined goals.
Richard is a manager. His colleagues and subordinates look up to him as a man who
always does the right things. Along with other skills, his ability to effectively organize
and deploy resources like manpower, material, and money has been appreciated by his
seniors. According to the Level-5 leadership pyramid, which of the following levels
would be the immediate next step for Richard? - Answer-Level 4
Gerald has been an employee with GeoFuture Inc. for 15 years. He started with an
entry-level job, and today he is a manager of an entire division. Over the years, Gerald
has acquired a reputation for doing the right things in the company. Hence, as an
efficient leader, he is capable of effectively communicating and motivating his
subordinates to work toward the company's vision and mission. According to the Level-5
leadership pyramid, which is the highest level of leadership Gerald has reached so far?
- Answer-Level 4
According to the Level-5 leadership pyramid, a manager turns into an executive who is
capable of building lasting greatness into the organization through a combination of will
power and humility when he or she reaches _____. - Answer-Level 5
During an assessment of employees and leaders in a company, Ethan Browne was
categorized as a Level-5 manager in the Level-5 leadership pyramid. Which of the
following can be inferred from this information? - Answer-Ethan is a top management
executive in the company.
Which of the following managers in the Level-5 leadership pyramid are most capable of
leading their organizations into great success by guiding the organizations toward
building a sustainable competitive advantage? - Answer-Level 5
complete solutions latest update
The Chief Executive Officer (CEO) of PepsiCo, Indra Nooyi, subscribes to a triple-
bottom-line approach to competitive advantage—considering not only economic, but
also social and environmental performance. Identify the phrase that represents the
vision of PepsiCo as described by Ms. Nooyi. - Answer-Performance with a Purpose
The Chief Executive Officer (CEO) of PepsiCo, Indra Nooyi, subscribes to a triple-
bottom-line approach to competitive advantage—considering not only economic, but
also social and environmental performance. Based on this, which of the following is a
mission of PepsiCo? - Answer-Including healthy choices in its lineup
The first step in the strategic management process is to: - Answer-define a firm's vision,
mission, and values.
Strategic leadership pertains to the use of power and influence by _____ to direct the
activities of others when pursuing an organization's goals. - Answer-corporate
executives
Orange Synergy Inc. is a company that manufactures a variety of products that run on
solar power. The company wants to ensure that solar technology replaces all forms of
exhaustible energy sources in the near future. Which of the following statements will
make an accurate vision for Orange Synergy? - Answer-All nations around the globe
should have access to a sustainable energy source.
True Help is a non-profit organization that works toward rehabilitating the homeless.
The credo of the organization is "help us help you." For an organization like True Help,
which of the following statements would make an appropriate mission? - Answer-We
help the homeless gain and sustain financial independence by providing employment
opportunities.
Strategic commitments are actions that are: - Answer-long-term oriented.
Visionary companies are able to outperform their competitors because: - Answer-they
provide more aspirational visions.
To be effective, firms need to: - Answer-back up their visions with strategic
commitments that are costly and difficult to reverse.
Which of the following statements about product-oriented visions is true? - Answer-They
tend to force managers to take a myopic view of the landscape.
,Cuisine Pro Inc. is a company that manufactures consumer electronics like refrigerators,
washing machines, and dishwashers. Which of the following best illustrates a product-
oriented vision for Cuisine Pro? - Answer-To be the pioneering manufacturer of home
and kitchen appliances
Which of the following statements is true of customer-oriented visions? - Answer-
Customer-oriented vision statements are not the same as listening to your customer.
Which of the following is a customer-oriented vision? - Answer-To enable people
throughout the globe to identify their capabilities
Pioneer Pharma Inc. and GH Medicines Corp. are two competing firms in the
pharmaceutical industry. While Pioneer Pharma Inc.'s vision is "to be a preeminent drug
manufacturer in the industry," GH Medicines Corp.'s vision is "to make good health a
reality for everyone around the world." Which of the following is an implication of these
different visions? - Answer-GH Medicines will be more flexible than Pioneer Pharma
when adapting to changing environments.
A positive relationship between vision statements and firm performance is more likely to
exist when: - Answer-organizational structures are aligned with the firm's vision
statement.
_____ are best described as the ethical standards and norms that govern the behavior
of individuals within a firm. - Answer-Organizational values
Organizational values are the _____ that govern the behavior of individuals within a firm
or organization. - Answer-ethical standards and norms
When do employees fail to adopt the organizational values of a firm? - Answer-When
the top managers in the firm are merely paying lip service to the firm's stated values
Organizational values help individuals make choices that are: - Answer-both ethical and
effective in advancing a company's goals.
As the CEO of a conglomerate, Juana Mark exhibited her strong commitment toward
the company's core value that customer's well-being is more important than profit when
she decided to liquidate the company's tobacco subsidiary. The tobacco brand sold by
her company was a major revenue earner in lesser-developed nations. However, Juana
believed that her company had to be responsible toward the society. In this scenario,
Juana has demonstrated _____. - Answer-strategic leadership
The pharmaceutical company Merck's new drug Vioxx was a blockbuster, generating
revenues of $2.5 billion a year by 2002 and growing fast. When allegations began to
appear in the medical community, Merck announced the voluntary withdrawal of Vioxx
from the market. In this example, Merck provides an example of what can happen if a
company deviates from its _____. - Answer-core values
, The _____ is a conceptual framework that views organizational outcomes—strategic
choices and performance levels—as reflections of the values of the members of the top
management team, who interpret situations through the lens of their unique
perspectives. - Answer-upper-echelons theory
According to the upper-echelons theory, the organizational outcomes of a company
primarily reflect the values of the _____. - Answer-CEO of the company
According to the Level-5 leadership pyramid, a manager in Level 1 typically: - Answer-
makes productive contributions through motivation, talent, knowledge, and skills.
Nathan is part of a sales team. He effectively coordinates his tasks with others in the
team and willingly contributes to their efforts in achieving the team's objectives. Thus,
Nathan is in _____ of the Level-5 leadership pyramid. - Answer-Level 2
According to the Level-5 leadership pyramid, a manager at Level 3 has acquired the
ability to: - Answer-organize resources effectively to accomplish predetermined goals.
Richard is a manager. His colleagues and subordinates look up to him as a man who
always does the right things. Along with other skills, his ability to effectively organize
and deploy resources like manpower, material, and money has been appreciated by his
seniors. According to the Level-5 leadership pyramid, which of the following levels
would be the immediate next step for Richard? - Answer-Level 4
Gerald has been an employee with GeoFuture Inc. for 15 years. He started with an
entry-level job, and today he is a manager of an entire division. Over the years, Gerald
has acquired a reputation for doing the right things in the company. Hence, as an
efficient leader, he is capable of effectively communicating and motivating his
subordinates to work toward the company's vision and mission. According to the Level-5
leadership pyramid, which is the highest level of leadership Gerald has reached so far?
- Answer-Level 4
According to the Level-5 leadership pyramid, a manager turns into an executive who is
capable of building lasting greatness into the organization through a combination of will
power and humility when he or she reaches _____. - Answer-Level 5
During an assessment of employees and leaders in a company, Ethan Browne was
categorized as a Level-5 manager in the Level-5 leadership pyramid. Which of the
following can be inferred from this information? - Answer-Ethan is a top management
executive in the company.
Which of the following managers in the Level-5 leadership pyramid are most capable of
leading their organizations into great success by guiding the organizations toward
building a sustainable competitive advantage? - Answer-Level 5
