Business Management Exam Chapter 1-4 Questions will & Answers Solved 100%

which management perspective is also known as quantitative perspective? - Answer Management science When a manager produces a new product or service that several customers want to purchase and sells it at a price that is attractive to these customers, this manager is said to have: - Answer High efficiency/ High effectiveness Societies that have an achievement orientation (that value assertiveness, performance, competition, and success) are: - Answer United States and Japan Which of the following is NOT one of the rules for ethical decision-making discussed in the textbook? - Answer exstential The way a company's managers and employees view their duty or obligation to make decisions that protect, enhance, and promote the welfare and well-being of stakeholders and society as a whole is: - Answer Social responsibility The culture which is a results-oriented culture that values competitiveness, aggressiveness, personal initiative, cost cutting, and willingness to work long and hard to achieve results is the _______________ culture. - Answer achievement Which of the following statements is the most true? - Answer The law is not an adequate guide to ethics. The research study which helped to define the human relations period of the history of management thought and was initiated as an attempt to investigate how characteristics of the work setting affect worker fatigue and performance is known as________________. - Answer Hawthorne The effectiveness of managers is determined by a complex interaction between the characteristics of managers and the nature of the job and organization in which they are working. - Answer True Typically, organizations in the U.S. emphasize the importance of the ________________. Organizations in Japan emphasize the importance of the _____________. - Answer Individual; Group The _______________ rule is that an ethical decision is one that produces the greatest good for the greatest number of people. - Answer Utilitarian People and groups affected by the way a company and its managers behave are called: - Answer Stakeholders When a manager is only focused on his/her self-interest and takes advantage of shared, scarce resources to his/her advantage, this is known as: - Answer tragedy of the commons The top managers of an organization must devote more time to ______________ than lower level managers do. - Answer planning and organizing Attraction-selection-attrition processes are most evident in: - Answer small firms Genpharm pharmaceutical company out of Canada enters into a strategic alliance with Mylan pharmaceuticals to distribute its new product in the United States. This is called a ________________. - Answer joint venture Which of the following is NOT usually a stakeholder of an organization? - Answer government Frank and Lillian Gilbreth were associated with which school of management perspective? - Answer Classical Netflix's management team chose incorrect goals for its online streaming video market, but the management team carefully allocated the scarce resources in working toward these goals. Netflix is being: - Answer High efficiency Low effectiveness Tim Cook, a top executive, reviews the performance of Apple in the previous quarter's Income Statement to assess if the company is moving in the right direction. Cook is utilizing which managerial function? - Answer Controlling