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TEST BANK
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John R. Schermerhorn Jr., Daniel G. Bachrach &
Barry Wright
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Comprehensive Test Bank for Instructors and
Students
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© John R. Schermerhorn Jr., Daniel G. Bachrach & Barry Wright
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All rights reserved. Reproduction or distribution without permission is prohibited.
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©STUDYSTREAM
, 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
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CHAPTER 1
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MANAGEMENT TODAY
Question type: True/False
1) Intellectual capital is a personal asset for individuals.
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Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
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Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
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2) Intellectual capital is defined as the collective and shared knowledge of an
organization‘s workforce.
Answer: True
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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
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AACSB: Analytic
3) Intellectual capital = Competency x Commitment.
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Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
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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
, 4) Commitment represents one‘s talents or job-relevant capabilities.
Answer: False
Learning Objective 1: Summarize the challenges of developing and maintaining career
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readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
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AACSB: Analytic
5) A knowledge worker is a person whose physical capabilities are critical assets.
Answer: False
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Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
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Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
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6) Creativity and insight are critical assets to a knowledge worker.
Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
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readiness in the new economy
Section Reference: 1.1 Working Today
Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
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7) Tech IQ is the ability to use technology and the commitment to stay informed about the
latest technological developments.
Answer: True
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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
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Difficulty: Easy
AACSB: Analytic
8) Improvements in technology, the deregulation of markets, and the opening of
, 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
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readiness in the new economy
Section Reference: 1.1 Working Today
Bloom code: Knowledge
Difficulty: Medium
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AACSB: Analytic
9) National boundaries are no longer thought of as a constraint in the world of business.
Answer: True
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Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
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Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic
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10) Job migration refers to the shift of manufacturing and jobs from overseas to back
home.
Answer: False
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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
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11) Globalization refers to the worldwide interdependence of resource flows, product
markets, and business competition that characterizes the new economy.
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Answer: True
Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
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Bloom‘s: Knowledge
Difficulty: Easy
AACSB: Analytic