BCOR 370 EXAM 2 QUESTIONS AND ANSWERS
The subdivision of tasks into individual jobs is referred to as: - Answer -work
specialization aka division of labor
The management principal that no person should report to more than one supervisor is:
- Answer -unity command
7. A predefined structural order of authority that determines how decisions are made
and communicated is known as - Answer -chain of command
Independent workers that supply organizations with talent for projects or time-bound
objectives are known as: - Answer -free agents
Power distance is: - Answer -How society deals with inequality
In the process of disciplining a troublesome employee, which of the following is crucial?
- Answer -The investigation stage ( investigating the problem to come up with the right
discipline)
Andrew Carnegie, the multimillionaire steel baron, would most likely support which of
the following approaches to corporate social responsibility? - Answer -discretionary
responsibility
When delegating responsibilities, managers should always: - Answer -you have to
delegate the authority to someone so that someone gains responsibility ( you have to
delegate the authority to give that person responsibility)
According to the instructor's comments in the video, the Pinto is: - Answer -has to do
with social responsibility
Abilene Christian University (ACU) follows a strict policy of only hiring faculty member
who are of Christian faith. In defending such a policy, ACU would argue that these hiring
practices are legal because: - Answer -Bona fide occupational qualification
Span of control refers to: - Answer -The optimum number of direct reports that a person
can manage and control effectively (The number of individuals or resources that one
supervisor can manage effectively during an incident.)
Entrepreneur is: - Answer --someone who recognizes a viable idea for a business
product or service and carries it out
-The capacity and willingness to develop, organize and manage a business venture
along with any risks in order to make a profit
Or.......
- is an enterprising individual who builds capital through risk and/or initiative.
, - the term was originally a loanword from French and was first defined by the Irish-
French economist Richard Cantillon in the 19th century.
- is a term applied to a person who is willing to help launch a new venture or enterprise
and accept full responsibility for the outcome.
A company that maintains significant operations in two or more countries
simultaneously but that is based in one home country is a: - Answer -multinational
corporation (global company)
A company that follows a multidomestic strategy fits its products to each country in
which it does business. Set of strategies used by companies that operate in more than
one country at a time. - Answer -Transnational corporations(TNC) (domestic company)
Which organizational type would be more effective in an unstable and rapidly changing
competitive environment? - Answer -organic organizations
Each new Walt Disney World employee is required to: - Answer -take a 101 type
course
When Billy Graham traveled to Moscow, the translation of "The spirit is willing, but the
flesh is weak" into Russian as "He has good Vodka, but he can't stand up" is an
example of a problem in managing which of the following aspects of the global
environment? - Answer -social environment
An organization grouped into departments based on regions or territories is employing: -
Answer -geographic structure
In 2007, the Venezuelan government, led by President Chavez, announced that it would
take control of Compañía Nacional Anónima Teléfonos de Venezuela (CANTV) as part
of a plan to nationalize the telecommunications industry in the country. US-based
Verizon Communication owned a 28.5% share of CANTV. Although Verizon
shareholders were compensated, the amount of the compensation was $100 million
below market value according to some estimates. Verizon and its shareholders have
been impacted by which of the following: - Answer -decentralization
People in the united states tend to be higher in which two cultural dimensions when
compared with people in many other parts of the world? - Answer -Assertiveness and
performance orientation
According to the textbook, a business strategy that seeks to redesign or augment an
offering in an existing business or management process, such as the outsourcing of
information technology and research is: - Answer -value chain venture
The first event when a company sells its equity shares on the stock market is known as:
- Answer -An initial public offering (IPO)
The subdivision of tasks into individual jobs is referred to as: - Answer -work
specialization aka division of labor
The management principal that no person should report to more than one supervisor is:
- Answer -unity command
7. A predefined structural order of authority that determines how decisions are made
and communicated is known as - Answer -chain of command
Independent workers that supply organizations with talent for projects or time-bound
objectives are known as: - Answer -free agents
Power distance is: - Answer -How society deals with inequality
In the process of disciplining a troublesome employee, which of the following is crucial?
- Answer -The investigation stage ( investigating the problem to come up with the right
discipline)
Andrew Carnegie, the multimillionaire steel baron, would most likely support which of
the following approaches to corporate social responsibility? - Answer -discretionary
responsibility
When delegating responsibilities, managers should always: - Answer -you have to
delegate the authority to someone so that someone gains responsibility ( you have to
delegate the authority to give that person responsibility)
According to the instructor's comments in the video, the Pinto is: - Answer -has to do
with social responsibility
Abilene Christian University (ACU) follows a strict policy of only hiring faculty member
who are of Christian faith. In defending such a policy, ACU would argue that these hiring
practices are legal because: - Answer -Bona fide occupational qualification
Span of control refers to: - Answer -The optimum number of direct reports that a person
can manage and control effectively (The number of individuals or resources that one
supervisor can manage effectively during an incident.)
Entrepreneur is: - Answer --someone who recognizes a viable idea for a business
product or service and carries it out
-The capacity and willingness to develop, organize and manage a business venture
along with any risks in order to make a profit
Or.......
- is an enterprising individual who builds capital through risk and/or initiative.
, - the term was originally a loanword from French and was first defined by the Irish-
French economist Richard Cantillon in the 19th century.
- is a term applied to a person who is willing to help launch a new venture or enterprise
and accept full responsibility for the outcome.
A company that maintains significant operations in two or more countries
simultaneously but that is based in one home country is a: - Answer -multinational
corporation (global company)
A company that follows a multidomestic strategy fits its products to each country in
which it does business. Set of strategies used by companies that operate in more than
one country at a time. - Answer -Transnational corporations(TNC) (domestic company)
Which organizational type would be more effective in an unstable and rapidly changing
competitive environment? - Answer -organic organizations
Each new Walt Disney World employee is required to: - Answer -take a 101 type
course
When Billy Graham traveled to Moscow, the translation of "The spirit is willing, but the
flesh is weak" into Russian as "He has good Vodka, but he can't stand up" is an
example of a problem in managing which of the following aspects of the global
environment? - Answer -social environment
An organization grouped into departments based on regions or territories is employing: -
Answer -geographic structure
In 2007, the Venezuelan government, led by President Chavez, announced that it would
take control of Compañía Nacional Anónima Teléfonos de Venezuela (CANTV) as part
of a plan to nationalize the telecommunications industry in the country. US-based
Verizon Communication owned a 28.5% share of CANTV. Although Verizon
shareholders were compensated, the amount of the compensation was $100 million
below market value according to some estimates. Verizon and its shareholders have
been impacted by which of the following: - Answer -decentralization
People in the united states tend to be higher in which two cultural dimensions when
compared with people in many other parts of the world? - Answer -Assertiveness and
performance orientation
According to the textbook, a business strategy that seeks to redesign or augment an
offering in an existing business or management process, such as the outsourcing of
information technology and research is: - Answer -value chain venture
The first event when a company sells its equity shares on the stock market is known as:
- Answer -An initial public offering (IPO)
