Saint Leo University: MGT 301 Midterm Exam, Complete questions and answers, attempt score; 96 / 100 - 96 %.

MGT 301 - Principles of Management Midterm Exam 2025. mpt Score 96 / 100 - 96 % all Grade (Highest Attempt) 96 / 100 - 96 % tion 1 4 / 4 points Structured problems typically have while unstructured problems typically have . x only one solution; many solutions many solutions; one solution many solutions; fewer solutions two solutions; three solutions Question 2 4 / 4 points In traditional goal setting, as they work their way from top management to employees, goals are likely to . become more clear be more rigorously followed be unchanged x become more specific Question 3 4 / 4 points In most cases, organizations that have managers who behave ethically tend to have . more productive employees x more ethical employees less ethical employees employees who are no more or less ethical than average Question 4 4 / 4 points A global corporation . x centralizes management in a single home country decentralizes management so that each local country's operation is managed locally decentralizes management so there is no single home location has two main management locations located on different sides of the globe Question 5 4 / 4 points The decision-making process consists of a series of eight steps that identify a problem and work toward ultimately . determining if there is a solution to the problem x solving the problem making a plan to solve the problem breaking down the problem into a series of steps Question 6 4 / 4 points This component of an organization's external environment is concerned with scientific and industrial innovations. Demographic x Technological Sociocultural Economic Question 7 4 / 4 points Which of the following might be an example of increased efficiency in manufacturing? x cutting the amount of labor required to make the product cutting the price of the product increasing sales of the product increasing advertising for the product Question 8 4 / 4 points The breadth of a plan refers to concerns. long-term versus short-term x strategic versus tactical specific versus directional single use versus standing Question 9 4 / 4 points Which term refers to an organization's capital, workers, and patents? x resources capabilities abilities core competencies Question 10 4 / 4 points Structured problems are . ambiguous undefined and vague x clear and straightforward incomplete Question 11 4 / 4 points A is a formal document that states an organization's primary values and the ethical rules it expects its employees to follow. mission statement statement of purpose x code of ethics vision statement Question 12 4 / 4 points A mission statement does NOT include which of the following? the customers of a company x major competitors why the company is in business and what it hopes to accomplish the company's basic beliefs Question 13 4 / 4 points A mission statement includes identification of an organization's . strengths and weaknesses x purpose and basic philosophy assets and resources resources and strengths Question 14 4 / 4 points Unstructured problems are . perfectly rational clear and straightforward situations in which all options are known x situations in which all options are not known Question 15 0 / 4 points Which of the following dimensions from the GLOBE framework has no equivalent counterpart in Hofstede's framework? x gender differentiation humane orientation future orientation individualism/collectivism Question 16 4 / 4 points An internal analysis, the third step of the strategic management process helps identify . opportunities and threats x resources and capabilities opportunities and possibilities values and philosophy Question 17 4 / 4 points A top-level manager is most likely to solve problems under which condition? certainty risk x uncertainty high certainty Question 18 4 / 4 points Decision making begins with . selecting alternatives identifying decision criteria x identifying a problem eliminating false alternatives Question 19 4 / 4 points Group decision making typically increases the legitimacy of a decision because the decision was made . over a long period of time x democratically by experts primarily by the group leader Question 20 4 / 4 points This component of an organization's external environment is concerned with interest rates and employment levels. Demographic Technological Sociocultural x Economic Question 21 4 / 4 points MBO programs usually are successful largely because they . x give employees a sense of ownership of goals free managers from the responsibility of setting goals give managers a sense of ownership of goals free employees from responsibility if goals are not met Question 22 4 / 4 points When a company does the minimum that the law requires, it is meeting its . social responsiveness goal economic responsibility ethical responsibility x social obligation Question 23 4 / 4 points The first step in the six-step strategic management process is to . analyze the organization's strengths and weaknesses identify the organization's mission identify feasible strategies analyze the opportunities the organization has Question 24 4 / 4 points Which generation is predicted to be the most diverse and multicultural of any generation in the United States? Baby Boomers Generation X Generation Y x Generation Z Question 25 4 / 4 points Informal planning is . always performed at the lowest organizational level x general and usually lacks continuity performed exclusively by middle managers more specific than formal planning