MGT 202 EXAM 1 QUESTIONS WITH VERIFIED
ANSWERS
What research study was done by Professor Don Hambrick? - Answers - Narcissistic
CEOs
Narcissism = personality disorder
What are the four characteristics of narcissistic CEOs? - Answers - 1. Self-absorption
2. Authority
3. Arrogance
4. Entitlement
(SAAE)
How was Professor Hambrick's study conducted? - Answers - Looked at company
websites
Through the way Hambrick's study was done, what observations were there? - Answers
- -many photos of CEO
-CEO first singular pronouns (I am..)
-CEO gap in pay
What were the findings from Hambrick's study? - Answers - CEOs:
1. Spent more: because they can, makes shareholders feel less wealthy
2. Had performance swings: doing well exuberance was intoxicating, doing poor =
opposite effect
3. High turnover: employees leaving, CEOs leave when in their best interest
What are the Six Liberal Traits of American culture? - Answers - 1. Individualism
2. Capitalism
3. Individual Rights
4. Rule of Law
5. Majority Rule and Minority Rights
6. Pro and Anti Government Setiments
Describe Individualism. - Answers - -People expect you to do things yourself
-We want to do things for ourselves
-Found in schools and the workplace
-Opposite = collectivism (China)
, Describe Capitalism. - Answers - "an economic extension of individualism"
-You can have everything and lose everything
-Concept of American Dream
(starting from nothing & getting everything)
What is an issue with capitalism? - Answers - smaller numbers of people are acquiring
large amounts of wealth
-economists think it is a social issue
-economists believe we have politicians to distribute wealth
Describe Individual Rights. - Answers - -Religious freedoms
-Bill of Rights- free assembly
-Appetite for expression
Describe Rule of Law. - Answers - -We believe in our culture we should have laws
-We believe laws are for a purpose
-We have the power to make and repeal laws
Describe Majority Rule and Minority Rights. - Answers - -We consider the minority
interest
-The minority has a right to have their desires heard
Describe Pro & Anti Government Sentiments, - Answers - -Can get rid of president-
unique right to the US
-Opinion of government has changed over time- ex: FDR liked during bad time
Who is Robert Jackall and what did he create/ conceptualize? - Answers - Sociologist
who created the idea of bureaucratic ethic
What did Jackall's work explain? - Answers - why parts of the world were able to
achieve industrialization and wealth while other countries were in a perpetual state of
economic downturn
What was a huge factor in Jackall's sudy affecting differences between countries? -
Answers - RELIGION
Predestination: "maybe if I am successful in business, this is a sign from God we are
saved"
**What is the difference between England / US and areas such as South America? -
Answers - Producer vs. Provider
result of cultural differences
ANSWERS
What research study was done by Professor Don Hambrick? - Answers - Narcissistic
CEOs
Narcissism = personality disorder
What are the four characteristics of narcissistic CEOs? - Answers - 1. Self-absorption
2. Authority
3. Arrogance
4. Entitlement
(SAAE)
How was Professor Hambrick's study conducted? - Answers - Looked at company
websites
Through the way Hambrick's study was done, what observations were there? - Answers
- -many photos of CEO
-CEO first singular pronouns (I am..)
-CEO gap in pay
What were the findings from Hambrick's study? - Answers - CEOs:
1. Spent more: because they can, makes shareholders feel less wealthy
2. Had performance swings: doing well exuberance was intoxicating, doing poor =
opposite effect
3. High turnover: employees leaving, CEOs leave when in their best interest
What are the Six Liberal Traits of American culture? - Answers - 1. Individualism
2. Capitalism
3. Individual Rights
4. Rule of Law
5. Majority Rule and Minority Rights
6. Pro and Anti Government Setiments
Describe Individualism. - Answers - -People expect you to do things yourself
-We want to do things for ourselves
-Found in schools and the workplace
-Opposite = collectivism (China)
, Describe Capitalism. - Answers - "an economic extension of individualism"
-You can have everything and lose everything
-Concept of American Dream
(starting from nothing & getting everything)
What is an issue with capitalism? - Answers - smaller numbers of people are acquiring
large amounts of wealth
-economists think it is a social issue
-economists believe we have politicians to distribute wealth
Describe Individual Rights. - Answers - -Religious freedoms
-Bill of Rights- free assembly
-Appetite for expression
Describe Rule of Law. - Answers - -We believe in our culture we should have laws
-We believe laws are for a purpose
-We have the power to make and repeal laws
Describe Majority Rule and Minority Rights. - Answers - -We consider the minority
interest
-The minority has a right to have their desires heard
Describe Pro & Anti Government Sentiments, - Answers - -Can get rid of president-
unique right to the US
-Opinion of government has changed over time- ex: FDR liked during bad time
Who is Robert Jackall and what did he create/ conceptualize? - Answers - Sociologist
who created the idea of bureaucratic ethic
What did Jackall's work explain? - Answers - why parts of the world were able to
achieve industrialization and wealth while other countries were in a perpetual state of
economic downturn
What was a huge factor in Jackall's sudy affecting differences between countries? -
Answers - RELIGION
Predestination: "maybe if I am successful in business, this is a sign from God we are
saved"
**What is the difference between England / US and areas such as South America? -
Answers - Producer vs. Provider
result of cultural differences
