MGT 521 - Final Exam (QUESTIONS & ANSWERS)

1. JOHN WRITES A MEMO TO HIS EMPLOYEES. PUTTING HIS THOUGHTS ONTO PAPER IS AN EXAMPLE OF 2. CHANTAL RECEIVED AN INVITATION TO A WEB MEETING THAT WILL TAKE PLACE AT 3:00 P.M. SHE ACCEPTED THE INVITATION. THIS IS AN EXAMPLE OF 3. YOU ARE DOING RESEARCH ON POLITICAL ISSUES AND FIND THAT YOU ARE ON A CONSERVATIVE LEANING SITE. WHAT TYPE OF SOURCE CREDIBILITY ISSUE IS THIS? 4. WHEN REVIEWING AN EDUCATIONAL MATH WEBSITE, YOU FIND THE AUTHOR’S BACKGROUND IS IN ENGLISH. WHAT TYPE OF SOURCE CREDIBILITY ISSUE IS THIS? 5. A FAMOUS ICE CREAM MANUFACTURER SENT WORKERS TO A NEARBY GROCERY STORE TO OFFER SHOPPERS A SAMPLE OF ITS NEW FLAVOR. THE WORKERS PROVIDED SAMPLES TO 300 SHOPPERS AND NOTED THAT 80% OF THE SAMPLE POPULATION STATED THEY LIKED THE FLAVOR. BASED ON THIS SCENARIO, WHICH OF THE FOLLOWING IS AN EXAMPLE OF AN INFERENCE? 6. PERSUADING OR CONVINCING OTHERS TO ACCEPT YOUR ARGUMENT MEANS THE REASONING MUST BE LOGICAL. WHICH OF THE FOLLOWING IS AN EXAMPLE OF LOGICAL FLAWS OR FALLACIES? 7. WHAT IS THE BEST WAY FOR THE CEO TO DEAL WITH MANAGERS IN KEY POSITIONS WHO CONTINUE TO RESIST A MAJOR CHANGE? 8. FINDING A WIN-WIN SOLUTION THAT ALLOWS PARTIES WHO ARE INVOLVED TO HAVE THEIR GOALS ACHIEVED IS AN EXAMPLE OF 9. WHAT IS EMPHASIZED MORE IN ETHICAL LEADERSHIP THEORIES THAN IN TRANSFORMATIONAL LEADERSHIP? 10. ETHICAL BEHAVIOR AND INTEGRITY FOR A LEADER IS MOST LIKELY TO RESULT IN 11. A COMMON CHARACTERISTIC OF MOST ENTREPRENEURS IS THAT THEY 12. IN ORDER TO MAKE AN INTELLIGENT INVESTMENT DECISION, ENTREPRENEURS SHOULD 13. THE CUSTOMERS, EMPLOYEES, STOCKHOLDERS, SUPPLIERS, CREDITORS, AND OTHERS WHO STAND TO GAIN OR LOSE BY THE POLICIES AND ACTIVITIES OF A BUSINESS REPRESENT THE FIRM'S 14. WHEN A FIRM MAKES USE OF THE SWOT ANALYSIS, ONE OF ITS OBJECTIVES IS TO 15. THE PROCESS OF RATING AN ORGANIZATION'S PRACTICES, PROCESSES, AND PRODUCTS AGAINST THE BEST OF THE WORLD IS KNOWN AS 16. COMPANIES BENEFIT TODAY BY INTER-FIRM COOPERATION. ONE OF THE WAYS THEY COOPERATE IS THROUGH NETWORKING. ANOTHER WAY IS BY SEEKING TECHNOLOGICAL KNOWLEDGE AND LEARNING NEW PROCESSES FROM OTHER FIRMS THAT USUALLY FALL OUTSIDE OF THEIR RESPECTIVE INDUSTRIES. WE CALL THIS 17. AN IMPORTANT DIFFERENCE BETWEEN ACCOUNTING AND OTHER BUSINESS FUNCTIONS, SUCH AS MARKETING AND MANAGEMENT, IS THAT 18. ALTHOUGH ACCOUNTING HAS SEVERAL SPECIFIC USES, THE OVERALL PURPOSE OF ACCOUNTING CAN BE SUMMARIZED AS 19. AN IMPORTANT ADVANTAGE THAT KNOWLEDGE TECHNOLOGY HAS OVER OLDER VERSIONS OF BUSINESS TECHNOLOGY IS THAT IT 20. FIRST ENGINEERING, A LARGE U.S. BASED MECHANICAL ENGINEERING FIRM, IS CONSIDERING ENTERING THE GLOBAL MARKET. UPON CAREFUL ANALYSIS OF THE GLOBAL MARKET, THEY WILL FIND THAT GLOBAL TRADE DOWNLOAD FOR MORE SOLUTIONS