MNGT 300 UNL FINAL EXAM WITH ALL
CORRECT & VERIFIED ANSWERS (UPDATED
TO PASS)
Top managers Correct answer-Responsible for the entire organization
Middle managers Correct answer-Responsible for business units
Project managers Correct answer-Responsible for misinterpreting signals
First-line managers Correct answer-Responsible for production of goods and services
Functional managers Correct answer-Responsible for departments that perform specific tasks
General managers Correct answer-Responsible for several departments
Quadrant 1 Correct answer-Quadrant of Necessity
Quadrant 2 Correct answer-Quadrant of Quality
Quadrant 3 Correct answer-Quadrant of Deception
Quadrant 4 Correct answer-Quadrant of Waste
Observe Orient Decide Act Correct answer-OODA Loop
political instability Correct answer-riots, revolutions, civil disorders, and frequent changes in
government
political risk Correct answer-the risk of lost assets, earning power, or managerial control due to
poltically based events by host governments
high context Correct answer-relationship focused; meaning derived from social context/
realtionships/not just explicit words
power distance Correct answer-the extent to which the lower ranking individuals of a society
"accept and expect that power is distributed unequally
uncertainty avoidance Correct answer-a society's tolerance for uncertainty and ambiguity. It
reflects the extent to which members of a society attempt to cope with anxiety by minimizing
uncertainty
low context Correct answer-get right to the point
- Meet at a specific time; asap
individualism approach Correct answer-acts are moral if they promote the individual's long-term
interest
peer Correct answer-Rosabeth Kanter, businesses become smugly satisfied bc of this
, false Correct answer-the top of the pyramid people are the four billion people who earn the lease
per capita income
potential Correct answer-Kanter recommends to use this P to assess org performance
scalar principle Correct answer-a clear definition of authority in the organization; another name for
chain of command
unity of command principle Correct answer-an employee should only be answerable to one person
global outsourcing Correct answer-the use of organizations in all areas of the world to do some of
a company's work, because their employees can do it more cheaply than its own
exporting Correct answer-send (goods or services) to another country for sale
true Correct answer-business has become a unified, global field as trade barriers fall,
communication becomes faster and cheaper, consumer tastes converge
the little things in life matter Correct answer-McKaven makes this point when he says you should
start your day by making your bed
globalization Correct answer-the extent to which trade and investments, information, social and
cultural ideas, and political cooperation flow between countries
globally Correct answer-companies who think this way have a competitive edge
greenfield venture Correct answer-the riskiest and most costly direct investment
chain of command Correct answer-unity of command and scalar principle are both closely related
to
joint venture Correct answer-highly dependent on another company and using your own assests
direct acquisition Correct answer-one party buys out the other
market entry strategy Correct answer-ways to sell products and services in foreign markets; i.e.
exporting, licensing, direct investing
direct investing Correct answer-an investment in a business enterprise in a country other than the
investor's country designed to acquire a controlling interest in the foreign business enterprise
language Correct answer-sociocultural fator in the international environment
per capita income Correct answer-used to classify countries as developed or developing
international law Correct answer-a body of rules established by custom or treaty and recognized by
nations as binding in their relations with one another
business argument Correct answer-sole objective is maximizing productivity by creating an
equitable environment that enables individuals to realize their maximum potential and contribute
fully to their organizational mission
CORRECT & VERIFIED ANSWERS (UPDATED
TO PASS)
Top managers Correct answer-Responsible for the entire organization
Middle managers Correct answer-Responsible for business units
Project managers Correct answer-Responsible for misinterpreting signals
First-line managers Correct answer-Responsible for production of goods and services
Functional managers Correct answer-Responsible for departments that perform specific tasks
General managers Correct answer-Responsible for several departments
Quadrant 1 Correct answer-Quadrant of Necessity
Quadrant 2 Correct answer-Quadrant of Quality
Quadrant 3 Correct answer-Quadrant of Deception
Quadrant 4 Correct answer-Quadrant of Waste
Observe Orient Decide Act Correct answer-OODA Loop
political instability Correct answer-riots, revolutions, civil disorders, and frequent changes in
government
political risk Correct answer-the risk of lost assets, earning power, or managerial control due to
poltically based events by host governments
high context Correct answer-relationship focused; meaning derived from social context/
realtionships/not just explicit words
power distance Correct answer-the extent to which the lower ranking individuals of a society
"accept and expect that power is distributed unequally
uncertainty avoidance Correct answer-a society's tolerance for uncertainty and ambiguity. It
reflects the extent to which members of a society attempt to cope with anxiety by minimizing
uncertainty
low context Correct answer-get right to the point
- Meet at a specific time; asap
individualism approach Correct answer-acts are moral if they promote the individual's long-term
interest
peer Correct answer-Rosabeth Kanter, businesses become smugly satisfied bc of this
, false Correct answer-the top of the pyramid people are the four billion people who earn the lease
per capita income
potential Correct answer-Kanter recommends to use this P to assess org performance
scalar principle Correct answer-a clear definition of authority in the organization; another name for
chain of command
unity of command principle Correct answer-an employee should only be answerable to one person
global outsourcing Correct answer-the use of organizations in all areas of the world to do some of
a company's work, because their employees can do it more cheaply than its own
exporting Correct answer-send (goods or services) to another country for sale
true Correct answer-business has become a unified, global field as trade barriers fall,
communication becomes faster and cheaper, consumer tastes converge
the little things in life matter Correct answer-McKaven makes this point when he says you should
start your day by making your bed
globalization Correct answer-the extent to which trade and investments, information, social and
cultural ideas, and political cooperation flow between countries
globally Correct answer-companies who think this way have a competitive edge
greenfield venture Correct answer-the riskiest and most costly direct investment
chain of command Correct answer-unity of command and scalar principle are both closely related
to
joint venture Correct answer-highly dependent on another company and using your own assests
direct acquisition Correct answer-one party buys out the other
market entry strategy Correct answer-ways to sell products and services in foreign markets; i.e.
exporting, licensing, direct investing
direct investing Correct answer-an investment in a business enterprise in a country other than the
investor's country designed to acquire a controlling interest in the foreign business enterprise
language Correct answer-sociocultural fator in the international environment
per capita income Correct answer-used to classify countries as developed or developing
international law Correct answer-a body of rules established by custom or treaty and recognized by
nations as binding in their relations with one another
business argument Correct answer-sole objective is maximizing productivity by creating an
equitable environment that enables individuals to realize their maximum potential and contribute
fully to their organizational mission
