MGMT 310 Exam homework questions
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. - correct answer ✔✔A)adapt and change to retain their relevance.
A popular acronym that captures the context in which today's organizations compete is
A)CAVY.
B)CACU.
C)VICA.
D)VUCA. - correct answer ✔✔D)VUCA.
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 -
correct answer ✔✔B)Working with a group of people to accomplish a desired goal in an efficient manner
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. - correct answer ✔✔A)middle-level manager.
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 - correct answer ✔✔A)Clear differentiation of tasks
and responsibilities among individuals
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 - correct answer ✔✔A)Taylor's scientific management approach
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.
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. - correct answer ✔✔A)adapt and change to retain their relevance.
A popular acronym that captures the context in which today's organizations compete is
A)CAVY.
B)CACU.
C)VICA.
D)VUCA. - correct answer ✔✔D)VUCA.
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 -
correct answer ✔✔B)Working with a group of people to accomplish a desired goal in an efficient manner
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. - correct answer ✔✔A)middle-level manager.
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 - correct answer ✔✔A)Clear differentiation of tasks
and responsibilities among individuals
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 - correct answer ✔✔A)Taylor's scientific management approach
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.
