AEM 2200-Midterm Review Questions
and Correct Answers 2026 Updated.
Upsides of Globalization - Answer Access to resources, Access to markets, Opportunities for
growth and exchange (comparative advantage)
Challenges of Globalization - Answer Dependence, Uncertainty, Distance (cultural and
geographic)
What is Ethics- Character/Integrity - Answer Ability to recognize the moral elements of a
situation, make moral judgements, consistent actions with those judgements, teach others to
exhibit character
Levels of moral development - Answer Preconventional, Conventional, Postconventional
Preconventional - Answer Obedience and Punishment- obeying rules to avoid punishment
(mostly with kids), Individualism and Exchange- judging actions on their impacts
Conventional - Answer Interpersonal Relationships- living up to social expectations,
Maintaining social order- consider society as a whole and maintain order and duties
Postconventional - Answer Social contacts and Individual rights- begin to account for values
and beliefs of others, Universal principles- following cultures universal understandings
Who can influence a firm's decisions? - Answer Community, government, suppliers,
customers, media, competition, employees, etc...
Long-term view - Answer map shareholders relationship with firm, identify subsets within
shareholders, determine stakes for each shareholder, define connections between shareholders
How do you build contextual intelligence? - Answer Develop appreciation and awareness of
history, stay attuned to trends in environment, seize first hand experience, engage in scenario
assessment
(History, trends, experience)
Should firms go beyond required? - Answer Following legal (obeying laws) and economic
(profitable) is required but being ethical is expected
,What are the behaviors of effective team leaders? - Answer Demonstrate integrity, be clear
and consistent, create positive energy, find common ground, manage agreement and
disagreement, encourage and coach, share information
What are the six leadership traits? - Answer Sel confidence, drive to take initiative, risk
taking, perseverance in the face of obstacles, physical energy, motivation to complete tasks
Three types of leadership skills: - Answer Cognitive, Technical and Interpersonal
Cognitive skills - Answer Ability to collect and analyze large amounts of information
Technical skills - Answer Methods, processes and equipment used
Interpersonal skills - Answer -Symbolic, verbal and nonverbal communication
-Strong networks
-Conflict resolution
-Awareness of people's attitude, beliefs
Two types of leadership behaviors: - Answer Task focused and People focused
Task focused - Answer -Planning
-Define roles, objectives
-monitor operations and performance
People focused - Answer -Support subordinates
-Develop subordinates
-Recognize work, contributions
TRANSFORMATIONAL VS. TRASACTIONAL - Answer
What are the four metrics of the MBTI Test? - Answer -Energy
-Information processing
-Decision making
-Living life
MBTI- Energy - Answer Extroverted or Introverted
, MBTI- Information processing - Answer Sensing or Intuition
MBTI- Decision making - Answer Thinking or Feeling
MBTI- Living life - Answer Judging or Perceiving
Five-factor personality model: - Answer -Extraversion (orientation towards things)
-Conscientiousness (how careful and orderly)
-Neuroticism (tendency to experience negative emotions)
-Agreeableness (pleasing others)
-Openness (to new experiences)
How do the personality test help? - Answer -Know how to react to: communication, new
information, decision making, action
-Understand others views, reactions and plans
-Maybe asked in job interview
Study specific personality type and how you would communicate, make decisions and take
actions - Answer
Fast Vs. Slow Thinking - Answer System 1- Intuition- fast and impulsive
System 2- Reasoning- significant cognitive effort
System 1 thinking: - Answer -generates impressions, feelings
-distinguishes the surprising form the normal
-neglects doubt
-is biased to believe and confirm
-ignores absent evidence
Biases (Baezs) that influence system 1 - Answer -Anchoring
-Availability
-Representativeness
-Framing
-Loss aversion
and Correct Answers 2026 Updated.
Upsides of Globalization - Answer Access to resources, Access to markets, Opportunities for
growth and exchange (comparative advantage)
Challenges of Globalization - Answer Dependence, Uncertainty, Distance (cultural and
geographic)
What is Ethics- Character/Integrity - Answer Ability to recognize the moral elements of a
situation, make moral judgements, consistent actions with those judgements, teach others to
exhibit character
Levels of moral development - Answer Preconventional, Conventional, Postconventional
Preconventional - Answer Obedience and Punishment- obeying rules to avoid punishment
(mostly with kids), Individualism and Exchange- judging actions on their impacts
Conventional - Answer Interpersonal Relationships- living up to social expectations,
Maintaining social order- consider society as a whole and maintain order and duties
Postconventional - Answer Social contacts and Individual rights- begin to account for values
and beliefs of others, Universal principles- following cultures universal understandings
Who can influence a firm's decisions? - Answer Community, government, suppliers,
customers, media, competition, employees, etc...
Long-term view - Answer map shareholders relationship with firm, identify subsets within
shareholders, determine stakes for each shareholder, define connections between shareholders
How do you build contextual intelligence? - Answer Develop appreciation and awareness of
history, stay attuned to trends in environment, seize first hand experience, engage in scenario
assessment
(History, trends, experience)
Should firms go beyond required? - Answer Following legal (obeying laws) and economic
(profitable) is required but being ethical is expected
,What are the behaviors of effective team leaders? - Answer Demonstrate integrity, be clear
and consistent, create positive energy, find common ground, manage agreement and
disagreement, encourage and coach, share information
What are the six leadership traits? - Answer Sel confidence, drive to take initiative, risk
taking, perseverance in the face of obstacles, physical energy, motivation to complete tasks
Three types of leadership skills: - Answer Cognitive, Technical and Interpersonal
Cognitive skills - Answer Ability to collect and analyze large amounts of information
Technical skills - Answer Methods, processes and equipment used
Interpersonal skills - Answer -Symbolic, verbal and nonverbal communication
-Strong networks
-Conflict resolution
-Awareness of people's attitude, beliefs
Two types of leadership behaviors: - Answer Task focused and People focused
Task focused - Answer -Planning
-Define roles, objectives
-monitor operations and performance
People focused - Answer -Support subordinates
-Develop subordinates
-Recognize work, contributions
TRANSFORMATIONAL VS. TRASACTIONAL - Answer
What are the four metrics of the MBTI Test? - Answer -Energy
-Information processing
-Decision making
-Living life
MBTI- Energy - Answer Extroverted or Introverted
, MBTI- Information processing - Answer Sensing or Intuition
MBTI- Decision making - Answer Thinking or Feeling
MBTI- Living life - Answer Judging or Perceiving
Five-factor personality model: - Answer -Extraversion (orientation towards things)
-Conscientiousness (how careful and orderly)
-Neuroticism (tendency to experience negative emotions)
-Agreeableness (pleasing others)
-Openness (to new experiences)
How do the personality test help? - Answer -Know how to react to: communication, new
information, decision making, action
-Understand others views, reactions and plans
-Maybe asked in job interview
Study specific personality type and how you would communicate, make decisions and take
actions - Answer
Fast Vs. Slow Thinking - Answer System 1- Intuition- fast and impulsive
System 2- Reasoning- significant cognitive effort
System 1 thinking: - Answer -generates impressions, feelings
-distinguishes the surprising form the normal
-neglects doubt
-is biased to believe and confirm
-ignores absent evidence
Biases (Baezs) that influence system 1 - Answer -Anchoring
-Availability
-Representativeness
-Framing
-Loss aversion
