MGMT 310 Exam homework questions
A)adapt and change to retain their relevance. - ANS-A firm's strategic choices and leadership
approaches need to
A)adapt and change to retain their relevance.
B)steer clear of cultural and socioeconomic influences.
C)be rigid and concrete to be effective.
D)be independent of each other.
D)VUCA. - ANS-A popular acronym that captures the context in which today's organizations
compete is
A)CAVY.
B)CACU.
C)VICA.
D)VUCA.
B)Working with a group of people to accomplish a desired goal in an efficient manner -
ANS-Which of the following actions is more likely to be taken by a manager rather than a
leader?
A)Setting direction for a firm and aligning people to focus on the organization's vision
B)Working with a group of people to accomplish a desired goal in an efficient manner
C)Striving for change and innovation through inspiration and motivation
D)Defining the competitive landscape of an organization and setting strategic goals for the long
term
A)middle-level manager. - ANS-Nathan works at GoDrive Rentals, a car rental company. His job
involves motivating and developing the company's sales teams as well as working with senior
executives in developing and refining the company's marketing and sales strategies. From the
given description, it can be concluded that Nathan is most likely a(n)
A)middle-level manager.
B)HR manager.
C)entry-level employee.
D)senior executive.
A)Clear differentiation of tasks and responsibilities among individuals - ANS-According to
Weber, which of the following is a feature of an ideal bureaucracy?
A)Clear differentiation of tasks and responsibilities among individuals
, B)A flat structural organization with few or no levels of separation between managers and their
subordinates
C)Coordination achieved through interpersonal communication and networking
D)The prevalence of informal social relations at work
A)Taylor's scientific management approach - ANS-Which of the following approaches to
management compared an organization to a well-oiled machine and the manager to a machine
operator?
A)Taylor's scientific management approach
B)The contingent view of management
C)Weber's bureaucratic organization structure
D)The human relations movement
The singular focus on shareholder value resulted in a lack of investment in new products and an
erosion in quality standards. - ANS-Which of the following was a reason for the decline of the
shareholder view of management?
A)Lack of attention to financial targets resulted in firms' assets and cash getting devalued in
comparison to their stock prices.
B)The relaxation of antitrust restrictions on mergers and acquisitions in the 1980s led to higher
prices of raw materials.
C)The singular focus on shareholder value resulted in a lack of investment in new products and
an erosion in quality standards.
D)The external and internal environments of firms were no longer complex, and this resulted in
heavy investment in research and development.
D)Stakeholder - ANS-Which view helps managers better understand the complex internal and
external environment of a firm in today's marketplace?
A)Shareholder
B)Contingent
C)Managerial
D)Stakeholder
B)Map all stakeholder relationships of the firm. - ANS-Which of the following is the first step in
organizing for stakeholder management?
A)Identify specific subsets within stakeholders.
B)Map all stakeholder relationships of the firm.
C)Determine stakes for each stakeholder.
D)Define connections between various stakeholders.
A)adapt and change to retain their relevance. - ANS-A firm's strategic choices and leadership
approaches need to
A)adapt and change to retain their relevance.
B)steer clear of cultural and socioeconomic influences.
C)be rigid and concrete to be effective.
D)be independent of each other.
D)VUCA. - ANS-A popular acronym that captures the context in which today's organizations
compete is
A)CAVY.
B)CACU.
C)VICA.
D)VUCA.
B)Working with a group of people to accomplish a desired goal in an efficient manner -
ANS-Which of the following actions is more likely to be taken by a manager rather than a
leader?
A)Setting direction for a firm and aligning people to focus on the organization's vision
B)Working with a group of people to accomplish a desired goal in an efficient manner
C)Striving for change and innovation through inspiration and motivation
D)Defining the competitive landscape of an organization and setting strategic goals for the long
term
A)middle-level manager. - ANS-Nathan works at GoDrive Rentals, a car rental company. His job
involves motivating and developing the company's sales teams as well as working with senior
executives in developing and refining the company's marketing and sales strategies. From the
given description, it can be concluded that Nathan is most likely a(n)
A)middle-level manager.
B)HR manager.
C)entry-level employee.
D)senior executive.
A)Clear differentiation of tasks and responsibilities among individuals - ANS-According to
Weber, which of the following is a feature of an ideal bureaucracy?
A)Clear differentiation of tasks and responsibilities among individuals
, B)A flat structural organization with few or no levels of separation between managers and their
subordinates
C)Coordination achieved through interpersonal communication and networking
D)The prevalence of informal social relations at work
A)Taylor's scientific management approach - ANS-Which of the following approaches to
management compared an organization to a well-oiled machine and the manager to a machine
operator?
A)Taylor's scientific management approach
B)The contingent view of management
C)Weber's bureaucratic organization structure
D)The human relations movement
The singular focus on shareholder value resulted in a lack of investment in new products and an
erosion in quality standards. - ANS-Which of the following was a reason for the decline of the
shareholder view of management?
A)Lack of attention to financial targets resulted in firms' assets and cash getting devalued in
comparison to their stock prices.
B)The relaxation of antitrust restrictions on mergers and acquisitions in the 1980s led to higher
prices of raw materials.
C)The singular focus on shareholder value resulted in a lack of investment in new products and
an erosion in quality standards.
D)The external and internal environments of firms were no longer complex, and this resulted in
heavy investment in research and development.
D)Stakeholder - ANS-Which view helps managers better understand the complex internal and
external environment of a firm in today's marketplace?
A)Shareholder
B)Contingent
C)Managerial
D)Stakeholder
B)Map all stakeholder relationships of the firm. - ANS-Which of the following is the first step in
organizing for stakeholder management?
A)Identify specific subsets within stakeholders.
B)Map all stakeholder relationships of the firm.
C)Determine stakes for each stakeholder.
D)Define connections between various stakeholders.
