MBA 704 EXAM 1 CORE ADVANCED BUSINESS
MANAGEMENT AND STRATEGY CONCEPTS
REVIEW 2026
◉ What is an example of a healthy work culture?
Answer: Being deliberate and mindful about providing role clarity,
information sharing, and performance feedback
◉ What is one example of a negative work culture?
Answer: The shortage of nurses during the COVID-19 pandemic
because of lack of support for these frontline workers, ensuring heor
safety and enabling them to succeed at work
◉ Quote about higher quality interactions
Answer: "The important thing to keep in mind is that the more tools
and skills you have, the higher quality of your interactions with
others will be and the more valuable you will become to
organizations that compete for top talent."
◉ "Those with a college degree make __ percent more money than
those who have a high school degree, and the differences in pay
continue to grow, with those earning a master's degree making ______
the income of a high school graduate."
,Answer: 60; double
◉ Is OB common sense?
Answer: No, it is important to rule out alternative explanations one
by one rather than to assume we know about human behavior just
because we are humans or have a single experience
◉ Will society view organizational function the same way in a few
years?
Answer: No, there will be a major shift resulting from rapid
technological advances, social awareness, and cultural blending
◉ What is business ethics?
Answer: Applying ethical principles to situations that arise at work
◉ What is the Sarbanas-Oxley Act?
Answer: 2002; consists of eleven different requirements aimed at
greater accountability, which companies must comply with in terms
of financial reporting
◉ What does OB research find to be most important in determining
whether a company acts ethically?
, Answer: Not policies and rules regarding conduct, but whether it has
culture of consistently ethical behavior and if leaders are committed
to this ethical behavior
◉ Why is online data privacy more prevalent?
Answer: Hacking, human error, and data scraping from social media
and other websites
◉ " ___ percent of companies surveyed report that data privacy and
security are among their top concerns."
Answer: 92
◉ "A large credit report firm with access to social security numbers,
addresses, and other data, revealed that up to ____ _______ Americans
had their personal information compromised."
Answer: 143 million
◉ What is data privacy?
Answer: Refers to individuals' control over the collection, storage,
access, and reporting of their own personal data
◉ What is the General Data Protection Regulation (GDPR)?
Answer: 2018; all companies having presence in a European Union
(EU) country. This regulation states that for all of the EU's 500
MANAGEMENT AND STRATEGY CONCEPTS
REVIEW 2026
◉ What is an example of a healthy work culture?
Answer: Being deliberate and mindful about providing role clarity,
information sharing, and performance feedback
◉ What is one example of a negative work culture?
Answer: The shortage of nurses during the COVID-19 pandemic
because of lack of support for these frontline workers, ensuring heor
safety and enabling them to succeed at work
◉ Quote about higher quality interactions
Answer: "The important thing to keep in mind is that the more tools
and skills you have, the higher quality of your interactions with
others will be and the more valuable you will become to
organizations that compete for top talent."
◉ "Those with a college degree make __ percent more money than
those who have a high school degree, and the differences in pay
continue to grow, with those earning a master's degree making ______
the income of a high school graduate."
,Answer: 60; double
◉ Is OB common sense?
Answer: No, it is important to rule out alternative explanations one
by one rather than to assume we know about human behavior just
because we are humans or have a single experience
◉ Will society view organizational function the same way in a few
years?
Answer: No, there will be a major shift resulting from rapid
technological advances, social awareness, and cultural blending
◉ What is business ethics?
Answer: Applying ethical principles to situations that arise at work
◉ What is the Sarbanas-Oxley Act?
Answer: 2002; consists of eleven different requirements aimed at
greater accountability, which companies must comply with in terms
of financial reporting
◉ What does OB research find to be most important in determining
whether a company acts ethically?
, Answer: Not policies and rules regarding conduct, but whether it has
culture of consistently ethical behavior and if leaders are committed
to this ethical behavior
◉ Why is online data privacy more prevalent?
Answer: Hacking, human error, and data scraping from social media
and other websites
◉ " ___ percent of companies surveyed report that data privacy and
security are among their top concerns."
Answer: 92
◉ "A large credit report firm with access to social security numbers,
addresses, and other data, revealed that up to ____ _______ Americans
had their personal information compromised."
Answer: 143 million
◉ What is data privacy?
Answer: Refers to individuals' control over the collection, storage,
access, and reporting of their own personal data
◉ What is the General Data Protection Regulation (GDPR)?
Answer: 2018; all companies having presence in a European Union
(EU) country. This regulation states that for all of the EU's 500
