MAN3025 Exam 1
Which of the following is a Theory Y assumption? - Answer-People do not naturally dislike work
Veronica lets her boss know that her co-worker was evading company taxes to the tune of 20,000. This
is an example of a - Answer-Whistle Blower
Business level strategy is helping organizations focus its competitive efforts in each industry in a
targeted manner - Answer-True
The overall growth of a product has begun to slow down and the number of new firms producing the
item declines. This is - Answer-Maturity
The BCG matrix helps organizations operate multiple businesses that are not logically associated with
one another - Answer-False
Linda's car broke down on the way to UCF this morning. Now she needs to buy a new car. Linda's
decision is a - Answer-Non-programmed decision
Escalation of commitment is sticking with an action even though it has not been effective - Answer-True
, An entrepreneur should ask which of the following question? - Answer-- Where are my customers?
- Who are my customers?
- At what price will my customers buy my product?
In the Chapter 2 ToKnight show video, The UCF culture is one of integrity, loyalty, and respect - Answer-
True
Managers that do not accurately report their companies financial findings can go to jail. This act
enforces the law - Answer-Sarbanes and Oxley Act
According to the ToKnight show, in the BCG matrix, a high growth, high market share product is best
described as a - Answer-Star
According to the ToKnight show, the last step of rational decision making is - Answer-Following up and
Evaluating the results
According to the ToKnight show, a business plan is - Answer-Communication vehicle for a very specific
purpose
Which of the following is the role of top managers in an organization? - Answer-Creating organizational
goals and overall strategy
Managers are now tracking and monitoring the implementation of new policies at Loft Corp. Which
function is illustrated? - Answer-Controlling
Sarah is a what at Starbucks. She oversees the day to day operations and hires staff for her store. -
Answer-First-line managers
Which of the following is a Theory Y assumption? - Answer-People do not naturally dislike work
Veronica lets her boss know that her co-worker was evading company taxes to the tune of 20,000. This
is an example of a - Answer-Whistle Blower
Business level strategy is helping organizations focus its competitive efforts in each industry in a
targeted manner - Answer-True
The overall growth of a product has begun to slow down and the number of new firms producing the
item declines. This is - Answer-Maturity
The BCG matrix helps organizations operate multiple businesses that are not logically associated with
one another - Answer-False
Linda's car broke down on the way to UCF this morning. Now she needs to buy a new car. Linda's
decision is a - Answer-Non-programmed decision
Escalation of commitment is sticking with an action even though it has not been effective - Answer-True
, An entrepreneur should ask which of the following question? - Answer-- Where are my customers?
- Who are my customers?
- At what price will my customers buy my product?
In the Chapter 2 ToKnight show video, The UCF culture is one of integrity, loyalty, and respect - Answer-
True
Managers that do not accurately report their companies financial findings can go to jail. This act
enforces the law - Answer-Sarbanes and Oxley Act
According to the ToKnight show, in the BCG matrix, a high growth, high market share product is best
described as a - Answer-Star
According to the ToKnight show, the last step of rational decision making is - Answer-Following up and
Evaluating the results
According to the ToKnight show, a business plan is - Answer-Communication vehicle for a very specific
purpose
Which of the following is the role of top managers in an organization? - Answer-Creating organizational
goals and overall strategy
Managers are now tracking and monitoring the implementation of new policies at Loft Corp. Which
function is illustrated? - Answer-Controlling
Sarah is a what at Starbucks. She oversees the day to day operations and hires staff for her store. -
Answer-First-line managers
