1 of 1557 Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
Schermerhorn, Management, Fifth Canadian Edition
Test Bank For
Management, 5th Canadian Edition John R. Schermerhorn Jr., Daniel G. Bachrach,
Barry Wright
Chapter 1-18 With Appendix
CHAPTER 1
MANAGEMENT TODAY
Question type: True/False
1) Intellectual capital is a personal asset for individuals.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
2) Intellectual capital is defined as the collective and shared knowledge of an
organization‘s workforce.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Application
Difficulty: Medium
AACSB: Analytic
3) Intellectual capital = Competency x Commitment.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
Test Bank Chapter 1 – Management Today 1-1
Copyright © 2021 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited
Page 1 of 1557
Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
,2 of 1557 Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
4) Commitment represents one‘s talents or job-relevant capabilities.
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
5) A knowledge worker is a person whose physical capabilities are critical assets.
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
6) Creativity and insight are critical assets to a knowledge worker.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
7) Tech IQ is the ability to use technology and the commitment to stay informed about the
latest technological developments.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
8) Improvements in technology, the deregulation of markets, and the opening of
Page 2 of 1557
Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
,3 of 1557 Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
national borders have had little impact on businesses in the United States and Europe.
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom code: Knowledge
Difficulty: Medium
AACSB: Analytic
9) National boundaries are no longer thought of as a constraint in the world of business.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
10) Job migration refers to the shift of manufacturing and jobs from overseas to back
home.
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Medium
AACSB: Analytic
11) Globalization refers to the worldwide interdependence of resource flows, product
markets, and business competition that characterizes the new economy.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
Page 3 of 1557
Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
, 4 of 1557 Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
12) The reach of the global economy means that countries and people are increasingly
connected through media, information technology, travel, and lifestyles.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Medium
AACSB: Analytic
13) If an act is legal then it follows that the act is also an ethical one.
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Comprehension
Difficulty: Medium
AACSB: Analytic
14) Ethics refers to a code of moral principles that sets standards of what is ―good‖ or
―right‖ as opposed to what is ―bad‖ or ―wrong.‖
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Medium
AACSB: Analytic
15) Integrity and ethical leadership must be practised at all organizational levels.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Medium
AACSB: Analytic
Page 4 of 1557
Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
Schermerhorn, Management, Fifth Canadian Edition
Test Bank For
Management, 5th Canadian Edition John R. Schermerhorn Jr., Daniel G. Bachrach,
Barry Wright
Chapter 1-18 With Appendix
CHAPTER 1
MANAGEMENT TODAY
Question type: True/False
1) Intellectual capital is a personal asset for individuals.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
2) Intellectual capital is defined as the collective and shared knowledge of an
organization‘s workforce.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Application
Difficulty: Medium
AACSB: Analytic
3) Intellectual capital = Competency x Commitment.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
Test Bank Chapter 1 – Management Today 1-1
Copyright © 2021 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited
Page 1 of 1557
Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
,2 of 1557 Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
4) Commitment represents one‘s talents or job-relevant capabilities.
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
5) A knowledge worker is a person whose physical capabilities are critical assets.
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
6) Creativity and insight are critical assets to a knowledge worker.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
7) Tech IQ is the ability to use technology and the commitment to stay informed about the
latest technological developments.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
8) Improvements in technology, the deregulation of markets, and the opening of
Page 2 of 1557
Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
,3 of 1557 Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
national borders have had little impact on businesses in the United States and Europe.
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom code: Knowledge
Difficulty: Medium
AACSB: Analytic
9) National boundaries are no longer thought of as a constraint in the world of business.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
10) Job migration refers to the shift of manufacturing and jobs from overseas to back
home.
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Medium
AACSB: Analytic
11) Globalization refers to the worldwide interdependence of resource flows, product
markets, and business competition that characterizes the new economy.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
Page 3 of 1557
Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
, 4 of 1557 Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
12) The reach of the global economy means that countries and people are increasingly
connected through media, information technology, travel, and lifestyles.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Medium
AACSB: Analytic
13) If an act is legal then it follows that the act is also an ethical one.
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Comprehension
Difficulty: Medium
AACSB: Analytic
14) Ethics refers to a code of moral principles that sets standards of what is ―good‖ or
―right‖ as opposed to what is ―bad‖ or ―wrong.‖
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Medium
AACSB: Analytic
15) Integrity and ethical leadership must be practised at all organizational levels.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Medium
AACSB: Analytic
Page 4 of 1557
Test Bank For Management,
Test Bank For 5th
Management,
Canadian Edition
5th Canadian
John R. Edition
Schermerhorn
John R. Jr.,
Schermerhorn
Daniel G. Bachrach,
Jr., Daniel
Barry
G. Bachrach,
Wright Chapter
Barry Wright
1-18 With
Chapter
Appendix.pdf
1-18 With Appendix
