1|Page
GB 370 Final Exam Ole Miss Questions and Answers with
Solutions UPDATED!!!
what are the backbone of business plans? - ANSWER Financial
Factors
What is the easiest business legal structure to start up? -
ANSWER Sole Proprietorship
What does MVP stand for? - ANSWER Minimum Viable Product
Differentiation of products create _______ rivalry - ANSWER
less
An Organizational analysis is an assessment of _________ and
___________ - ANSWER Strengths and weaknesses
POLC framework stands for - ANSWER planning, organization,
leading, controlling
Strategy falls under what category of POLC - ANSWER planning
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True or false: Uncertainty is one of the main driving forces in an
organization - ANSWER true
True or False: Strategy is only relevant to large public companies
- ANSWER false
What is Fred Taylor famous for? - ANSWER time studies
Bounded rationality is - ANSWER when decision makers are
limited by having incomplete information as well as by their
values, unconscious reflexes, skills, and habits
Whether an alternative is within the realm of probability and
practicality for the organization is the definition of which
alternative evaluation criteria? - ANSWER Feasibility
Operational plans flow directly from ________ plans - ANSWER
tactical
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the decision to hire a janitorial service, buy a fleet of sales
vehicles, or hire a PR expert are all decisions made under
_________ - ANSWER uncertainty
What is an example of a programmed decision? - ANSWER
Students sits in the same seat in mgmt 101 every class even
though seats are unassigned
True or False: A Delphi group is an example of an interacting
group - ANSWER false
True or false proper implementation of tactical plans requires a
clear cut operational plan - ANSWER false
A manager who had difficulty identifying alternatives and
assessing their probabilities is experiencing
__________________________ - ANSWER decision making
under uncertainty
Reduced innovativeness occurs because employees are used to
behaving in a certain manner is a disadvantage of
, 4|Page
____________ in organizational structure - ANSWER
formalization
True or false in centralized companies many important
decisions are made at lower levels of their hierarchy - ANSWER
false
Youtube was operating at a loss when Google bought it. Three
years later it is still operating at a loss. Google may be
experiencing - ANSWER escalation of commitment
a balloon loan requires only the ___ to be paid before the final
day of the loan - ANSWER interest
A no interest loan cannot be more than ______ - ANSWER
$100,000
True or false Self financing is the most common form of
financing in business start ups - ANSWER True
GB 370 Final Exam Ole Miss Questions and Answers with
Solutions UPDATED!!!
what are the backbone of business plans? - ANSWER Financial
Factors
What is the easiest business legal structure to start up? -
ANSWER Sole Proprietorship
What does MVP stand for? - ANSWER Minimum Viable Product
Differentiation of products create _______ rivalry - ANSWER
less
An Organizational analysis is an assessment of _________ and
___________ - ANSWER Strengths and weaknesses
POLC framework stands for - ANSWER planning, organization,
leading, controlling
Strategy falls under what category of POLC - ANSWER planning
,2|Page
True or false: Uncertainty is one of the main driving forces in an
organization - ANSWER true
True or False: Strategy is only relevant to large public companies
- ANSWER false
What is Fred Taylor famous for? - ANSWER time studies
Bounded rationality is - ANSWER when decision makers are
limited by having incomplete information as well as by their
values, unconscious reflexes, skills, and habits
Whether an alternative is within the realm of probability and
practicality for the organization is the definition of which
alternative evaluation criteria? - ANSWER Feasibility
Operational plans flow directly from ________ plans - ANSWER
tactical
,3|Page
the decision to hire a janitorial service, buy a fleet of sales
vehicles, or hire a PR expert are all decisions made under
_________ - ANSWER uncertainty
What is an example of a programmed decision? - ANSWER
Students sits in the same seat in mgmt 101 every class even
though seats are unassigned
True or False: A Delphi group is an example of an interacting
group - ANSWER false
True or false proper implementation of tactical plans requires a
clear cut operational plan - ANSWER false
A manager who had difficulty identifying alternatives and
assessing their probabilities is experiencing
__________________________ - ANSWER decision making
under uncertainty
Reduced innovativeness occurs because employees are used to
behaving in a certain manner is a disadvantage of
, 4|Page
____________ in organizational structure - ANSWER
formalization
True or false in centralized companies many important
decisions are made at lower levels of their hierarchy - ANSWER
false
Youtube was operating at a loss when Google bought it. Three
years later it is still operating at a loss. Google may be
experiencing - ANSWER escalation of commitment
a balloon loan requires only the ___ to be paid before the final
day of the loan - ANSWER interest
A no interest loan cannot be more than ______ - ANSWER
$100,000
True or false Self financing is the most common form of
financing in business start ups - ANSWER True
