BUS201 MIDTERM #1 QUESTIONS WITH ACCURATE
ANSWERS
A key role of the leader is to connect people to purpose. correct answer True
Amazon provides an obvious example of how companies have to engage in trade-
offs to execute good strategy. correct answer False
At the beginning of the simulation, how many assembly lines are there? correct
answer five lines per company
Automation is one way in which technology has influenced the field of operations.
correct answer True
Corporate Social Responsibility is the same as Business Purpose. correct answer
False
If you purchase production capacity and automation: correct answer it is available
in the next year
In the Quinn and Thakur article, what motivated Gerry Anderson, president of
DTE Energy, to think more deeply about purpose and how it could connect his
employees to the motivation for their work? correct answer The 2008 recession
Jim has a problem at work. He is writing code that will allow run regression
analysis on a set of data. Each time he runs the code, it skips a line of data.
According to Corey Phelps, in the podcast from HBR, which of the following
, should be the first step he should take to problem-solve. correct answer State the
problem
Just this past week, a large organization changed their approach to thinking about
the role of business in society. What is the name of that organization? correct
answer Business Roundtable
Marketing departments often work closely with the strategy group in
organizations. This is because they must have a good sense of the positioning to
create relevant marketing materials for promotion. Which of the following
elements of systems thinking most closely describes this relationship? correct
answer Interconnectedness
One example of mass production is the assembly line that produced Ford's Model
T, because each car came off the line exactly the same. correct answer True
One of the key differentiators of the new Business Roundtable policy is correct
answer Paying attention to multiple stakeholders instead of just shareholders
One question organizations can ask when trying to define their purpose is "why"
the organization exists. correct answer True
Operations managers control about 3/4 of a firm's assets. correct answer True
Porter argues that leadership is more than the stewardship of individual
functions. correct answer True
ANSWERS
A key role of the leader is to connect people to purpose. correct answer True
Amazon provides an obvious example of how companies have to engage in trade-
offs to execute good strategy. correct answer False
At the beginning of the simulation, how many assembly lines are there? correct
answer five lines per company
Automation is one way in which technology has influenced the field of operations.
correct answer True
Corporate Social Responsibility is the same as Business Purpose. correct answer
False
If you purchase production capacity and automation: correct answer it is available
in the next year
In the Quinn and Thakur article, what motivated Gerry Anderson, president of
DTE Energy, to think more deeply about purpose and how it could connect his
employees to the motivation for their work? correct answer The 2008 recession
Jim has a problem at work. He is writing code that will allow run regression
analysis on a set of data. Each time he runs the code, it skips a line of data.
According to Corey Phelps, in the podcast from HBR, which of the following
, should be the first step he should take to problem-solve. correct answer State the
problem
Just this past week, a large organization changed their approach to thinking about
the role of business in society. What is the name of that organization? correct
answer Business Roundtable
Marketing departments often work closely with the strategy group in
organizations. This is because they must have a good sense of the positioning to
create relevant marketing materials for promotion. Which of the following
elements of systems thinking most closely describes this relationship? correct
answer Interconnectedness
One example of mass production is the assembly line that produced Ford's Model
T, because each car came off the line exactly the same. correct answer True
One of the key differentiators of the new Business Roundtable policy is correct
answer Paying attention to multiple stakeholders instead of just shareholders
One question organizations can ask when trying to define their purpose is "why"
the organization exists. correct answer True
Operations managers control about 3/4 of a firm's assets. correct answer True
Porter argues that leadership is more than the stewardship of individual
functions. correct answer True
