MGT Final Exam Review (updated)
questions with verified answers
One of the five business benefits of diversity is that we get an increased ability to attract and
retain valuable - ANS ✔✔Employees
What kind of decision-making did Lesley Fox and Wal-Mart both engage in? - ANS
✔✔Programmed decision-making
"The process by which people respond to opportunities and threats by analyzing options,
choosing goals, and selecting courses of action" is our definition of - ANS ✔✔Decision Making
Groups tend to reduce the biases of individuals. - ANS ✔✔True
An excellent movie to watch for an example of being an effective Devil's Advocate is: - ANS
✔✔"Twelve Angry Men"
Which company did we use as an example of the strategy of related diversification? - ANS
✔✔Procter & Gamble
A firm pursuing a multi-domestic strategy should have what type of organizational structure? -
ANS ✔✔Geographic
According to Maxwell, how does one cultivate discernment? - ANS ✔✔(ALL OF THE ABOVE):
a. embrace change, ambiguity, and uncertainty
b. value nontraditional thinking
c. broaden your horizons
, *d. All of the above*
While reading Maxwell, Holbein adds, "All elite performance requires ____________." - ANS
✔✔undivided focus
According to Maxwell, "Insecure people are on a continual quest for validation,
acknowledgement, and love." - ANS ✔✔TRUE
According to Maxwell, Tuff Hedeman, champion bull rider, said, "The bull won't care
___________." - ANS ✔✔What I did last week
In teaching us about the importance of responsibility in leadership, Maxwell said, "Good leaders
never embrace ___________." - ANS ✔✔A victim mentality
According to Maxwell, "Self-made millionaires... have one thing in common: they _________." -
ANS ✔✔Work hard
According to Maxwell, leaders who are excellent problem solvers handle one thing at a time.
Holbein illustrated this with an ancient Chinese saying: "A journey of _____________ begins
with a single step." - ANS ✔✔(NONE OF THE ABOVE) (1,000 steps)
According to the administrative method of decision-making, because of ________ we engage in
___________. - ANS ✔✔bounded rationality; satisficing
Holbein's Chain of Innovation is - ANS ✔✔Security -> Teachability -> Learning -> Creativity ->
Innovation
Which of the following is NOT among the questions addressed by an effective mission
statement? - ANS ✔✔a. Who will be the CEO>
questions with verified answers
One of the five business benefits of diversity is that we get an increased ability to attract and
retain valuable - ANS ✔✔Employees
What kind of decision-making did Lesley Fox and Wal-Mart both engage in? - ANS
✔✔Programmed decision-making
"The process by which people respond to opportunities and threats by analyzing options,
choosing goals, and selecting courses of action" is our definition of - ANS ✔✔Decision Making
Groups tend to reduce the biases of individuals. - ANS ✔✔True
An excellent movie to watch for an example of being an effective Devil's Advocate is: - ANS
✔✔"Twelve Angry Men"
Which company did we use as an example of the strategy of related diversification? - ANS
✔✔Procter & Gamble
A firm pursuing a multi-domestic strategy should have what type of organizational structure? -
ANS ✔✔Geographic
According to Maxwell, how does one cultivate discernment? - ANS ✔✔(ALL OF THE ABOVE):
a. embrace change, ambiguity, and uncertainty
b. value nontraditional thinking
c. broaden your horizons
, *d. All of the above*
While reading Maxwell, Holbein adds, "All elite performance requires ____________." - ANS
✔✔undivided focus
According to Maxwell, "Insecure people are on a continual quest for validation,
acknowledgement, and love." - ANS ✔✔TRUE
According to Maxwell, Tuff Hedeman, champion bull rider, said, "The bull won't care
___________." - ANS ✔✔What I did last week
In teaching us about the importance of responsibility in leadership, Maxwell said, "Good leaders
never embrace ___________." - ANS ✔✔A victim mentality
According to Maxwell, "Self-made millionaires... have one thing in common: they _________." -
ANS ✔✔Work hard
According to Maxwell, leaders who are excellent problem solvers handle one thing at a time.
Holbein illustrated this with an ancient Chinese saying: "A journey of _____________ begins
with a single step." - ANS ✔✔(NONE OF THE ABOVE) (1,000 steps)
According to the administrative method of decision-making, because of ________ we engage in
___________. - ANS ✔✔bounded rationality; satisficing
Holbein's Chain of Innovation is - ANS ✔✔Security -> Teachability -> Learning -> Creativity ->
Innovation
Which of the following is NOT among the questions addressed by an effective mission
statement? - ANS ✔✔a. Who will be the CEO>
