MGT 103 final UPDATED ACTUAL
Questions and CORRECT Answers
_____ are hired for short periods of time and provide greater flexibility, earn lower wages, and
often do not participate in benefits programs. - CORRECT ANSWER - Temporary
workers
Which of the following actions represents an attempt to manage social responsibility through
ethical compliance? - CORRECT ANSWER - Creating a committee to review policies
concerning selection of new hires and promotion of employees
Which of the following draws from psychology, sociology, anthropology, economics, and
medicine? - CORRECT ANSWER - Organizational behavior
Alba Motorbikes is known for its heavyweight motorcycles. The company places emphasis on
the quality of the bikes and after-sale service. The brand also enjoys customer loyalty. This
scenario described Alba Motorbikes' - CORRECT ANSWER - distinctive competence.
The management at Loft Corp. has introduced new employment policies. The mangers are now
tracking and monitoring the implementation of the new policies. Which of the following
management functions is illustrated in the scenario? - CORRECT ANSWER - Controlling
Which of the following statements about first-line managers is true? - CORRECT
ANSWER - They typically spend a large proportion of their time supervising the work of
their subordinates.
Which of the following is a concern of the technological dimension of an organization's general
environment? - CORRECT ANSWER - Tools, methods, and technology
Which of the following statements is true about tactical goals? - CORRECT ANSWER -
Their focus is on how to operationalize actions necessary to achieve strategic goals.
, _____ can be defined as a set of activities directed at an organization's resources, with the aim of
achieving organizational goals in an efficient and effective manner. - CORRECT
ANSWER - Management
Strategy formulation is the - CORRECT ANSWER - set of processes for determining the
strategies that will be used by an organization.
A management process is considered to be effective when: - CORRECT ANSWER - the
right decisions are made and implemented.
Kelly, a manager, studied the performances of the various business units of her organization.
After making an assessment, Maria came to the conclusion that the overall costs of the
organization can be reduced by integrating the functions of two of the business units. This
scenario illustrates Kelly's _____ skills. - CORRECT ANSWER - Conceptual
During the introduction phase of the product life cycle - CORRECT ANSWER - demand
may be very high
Which of the following is an accurate difference between the task environment and the general
environment? - CORRECT ANSWER - The task environment provides useful information
more readily than the general environment.
The set of broad dimensions and forces in an organization's surroundings that determines its
overall context is called the _____ environment. - CORRECT ANSWER - General
Alex, one of the proprietors of Atlas Corp. is worried. The stock market was not doing well,
unemployment was 10 percent, inflation was on the rise again, and government debt was still
increasing. These concerns of Alex are related to the _____ dimension of the general
environment of Atlas Corp. - CORRECT ANSWER - Economic
Which of the following accurately describes the responsibility of a corporate board of directors?
- CORRECT ANSWER - Ensuring the firm is run to best serve the stockholders' interests
Questions and CORRECT Answers
_____ are hired for short periods of time and provide greater flexibility, earn lower wages, and
often do not participate in benefits programs. - CORRECT ANSWER - Temporary
workers
Which of the following actions represents an attempt to manage social responsibility through
ethical compliance? - CORRECT ANSWER - Creating a committee to review policies
concerning selection of new hires and promotion of employees
Which of the following draws from psychology, sociology, anthropology, economics, and
medicine? - CORRECT ANSWER - Organizational behavior
Alba Motorbikes is known for its heavyweight motorcycles. The company places emphasis on
the quality of the bikes and after-sale service. The brand also enjoys customer loyalty. This
scenario described Alba Motorbikes' - CORRECT ANSWER - distinctive competence.
The management at Loft Corp. has introduced new employment policies. The mangers are now
tracking and monitoring the implementation of the new policies. Which of the following
management functions is illustrated in the scenario? - CORRECT ANSWER - Controlling
Which of the following statements about first-line managers is true? - CORRECT
ANSWER - They typically spend a large proportion of their time supervising the work of
their subordinates.
Which of the following is a concern of the technological dimension of an organization's general
environment? - CORRECT ANSWER - Tools, methods, and technology
Which of the following statements is true about tactical goals? - CORRECT ANSWER -
Their focus is on how to operationalize actions necessary to achieve strategic goals.
, _____ can be defined as a set of activities directed at an organization's resources, with the aim of
achieving organizational goals in an efficient and effective manner. - CORRECT
ANSWER - Management
Strategy formulation is the - CORRECT ANSWER - set of processes for determining the
strategies that will be used by an organization.
A management process is considered to be effective when: - CORRECT ANSWER - the
right decisions are made and implemented.
Kelly, a manager, studied the performances of the various business units of her organization.
After making an assessment, Maria came to the conclusion that the overall costs of the
organization can be reduced by integrating the functions of two of the business units. This
scenario illustrates Kelly's _____ skills. - CORRECT ANSWER - Conceptual
During the introduction phase of the product life cycle - CORRECT ANSWER - demand
may be very high
Which of the following is an accurate difference between the task environment and the general
environment? - CORRECT ANSWER - The task environment provides useful information
more readily than the general environment.
The set of broad dimensions and forces in an organization's surroundings that determines its
overall context is called the _____ environment. - CORRECT ANSWER - General
Alex, one of the proprietors of Atlas Corp. is worried. The stock market was not doing well,
unemployment was 10 percent, inflation was on the rise again, and government debt was still
increasing. These concerns of Alex are related to the _____ dimension of the general
environment of Atlas Corp. - CORRECT ANSWER - Economic
Which of the following accurately describes the responsibility of a corporate board of directors?
- CORRECT ANSWER - Ensuring the firm is run to best serve the stockholders' interests
