Which of the following statements about the pillars of management is true?
a. The interaction between the three management is a linear process
b. The strategic perspective involves developing and aligning the organizational
components to achieve strategic objectives
c. It involves the interplay of strategy, organizational design, and individual leadership
d. Individual leadership addresses the impact of globalization on competitive positioning
of a business - ANSWERSc. It involves the interplay of strategy, organizational design,
and individual leadership
Which of the following questions is addressed by the organizational perspective of
management?
a. How should a business compete?
b. How will performance be measured?
c. What strategy will allow a firm to adapt as the context evolves?
d. How do managers use power and influence? - ANSWERSb. How will performance be
measured?
The factor that distinguishes leadership from management is that:
a. leadership focuses on planning and budgeting
b. leadership is the act of working with people to accomplish a desired goal
c. leadership involves budgeting, controlling and staffing resources
d. leadership is the ability to drive change and innovation through motivation -
ANSWERSd. leadership is the ability to drive change and innovation through motivation
The _______ identifies and analyzes multiple groups that interact with the firm and
attempts to align organizational practices to satisfy the needs of these various groups.
a. stakeholder view
b. contingent view
c. shareholder view
d. managerial view - ANSWERSa. stakeholder view
Which of the following best describes environmental scanning?
a. Forecasting and scanning the likely result that might occur when several events and
stakeholders are linked together
b. A tool where key variables are monitored and modeled to help predict a change that
might occur in the environment
c. The ability to understand the impact of environmental factors on a firm and the ability
to understand how to influence those same factors
d. A tool that managers use to scan the business horizon for key events and trends that
will affect the business in the future - ANSWERSd. A tool that managers use to scan the
business horizon for key events and trends that will affect the business in the future
Identify the country that is represented by NAFTA
a. United Kingdom
b. Zimbabwe
c. Costa Rica
, d. Mexico - ANSWERSd. Mexico
Of the three main principles of GATT, the most favored nation principle means that:
a. a tariff rate granted to one member of GATT would be extended to all it's members
b. foreign firms would be subject to the same rules and regulations as c country's
domestic firms
c. trade disputes would be settled by the unanimous agreement of all parties to the
dispute
d. countries should specialize in producing goods for which they have the lowest
opportunity cost of production - ANSWERSa. a tariff rate granted to one member of
GATT would be extended to all it's members
_______ refers to the integration and interdependence of economic, technological,
socio-cultural, and political systems across diverse geographic regions.
a. Innovation
b. Globalization
c. Proliferation
d. Competition - ANSWERSb. Globalization
A firm's task environment includes:
a. owners and the board of directors
b. competitors, suppliers, and customers
c. employees and culture
d. economic and socio-cultural factors - ANSWERSb. competitors, suppliers, and
customers
The sociocultural dimension belongs to the _______ environment of an organization.
a. task
b. economic
c. internal
d. general - ANSWERSd. general
Which of the following statements about extrinsic and intrinsic rewards is true?
a. Intrinsic rewards are specific, tangible, and easy to compare
b. Extrinsic rewards include interesting and challenging work
c. Intrinsic rewards generally provide personal satisfaction
d. Extrinsic rewards are based on individuals' conception of their worth - ANSWERSc.
Intrinsic rewards generally provide personal satisfaction
According to the text, SMART goals are --
a. Relevant
b. Specific
c. time bound
d. all of the above - ANSWERSd. all of the above
Which of the following statements about Maslow's hierarchy of needs theory is true?
a. The interaction between the three management is a linear process
b. The strategic perspective involves developing and aligning the organizational
components to achieve strategic objectives
c. It involves the interplay of strategy, organizational design, and individual leadership
d. Individual leadership addresses the impact of globalization on competitive positioning
of a business - ANSWERSc. It involves the interplay of strategy, organizational design,
and individual leadership
Which of the following questions is addressed by the organizational perspective of
management?
a. How should a business compete?
b. How will performance be measured?
c. What strategy will allow a firm to adapt as the context evolves?
d. How do managers use power and influence? - ANSWERSb. How will performance be
measured?
The factor that distinguishes leadership from management is that:
a. leadership focuses on planning and budgeting
b. leadership is the act of working with people to accomplish a desired goal
c. leadership involves budgeting, controlling and staffing resources
d. leadership is the ability to drive change and innovation through motivation -
ANSWERSd. leadership is the ability to drive change and innovation through motivation
The _______ identifies and analyzes multiple groups that interact with the firm and
attempts to align organizational practices to satisfy the needs of these various groups.
a. stakeholder view
b. contingent view
c. shareholder view
d. managerial view - ANSWERSa. stakeholder view
Which of the following best describes environmental scanning?
a. Forecasting and scanning the likely result that might occur when several events and
stakeholders are linked together
b. A tool where key variables are monitored and modeled to help predict a change that
might occur in the environment
c. The ability to understand the impact of environmental factors on a firm and the ability
to understand how to influence those same factors
d. A tool that managers use to scan the business horizon for key events and trends that
will affect the business in the future - ANSWERSd. A tool that managers use to scan the
business horizon for key events and trends that will affect the business in the future
Identify the country that is represented by NAFTA
a. United Kingdom
b. Zimbabwe
c. Costa Rica
, d. Mexico - ANSWERSd. Mexico
Of the three main principles of GATT, the most favored nation principle means that:
a. a tariff rate granted to one member of GATT would be extended to all it's members
b. foreign firms would be subject to the same rules and regulations as c country's
domestic firms
c. trade disputes would be settled by the unanimous agreement of all parties to the
dispute
d. countries should specialize in producing goods for which they have the lowest
opportunity cost of production - ANSWERSa. a tariff rate granted to one member of
GATT would be extended to all it's members
_______ refers to the integration and interdependence of economic, technological,
socio-cultural, and political systems across diverse geographic regions.
a. Innovation
b. Globalization
c. Proliferation
d. Competition - ANSWERSb. Globalization
A firm's task environment includes:
a. owners and the board of directors
b. competitors, suppliers, and customers
c. employees and culture
d. economic and socio-cultural factors - ANSWERSb. competitors, suppliers, and
customers
The sociocultural dimension belongs to the _______ environment of an organization.
a. task
b. economic
c. internal
d. general - ANSWERSd. general
Which of the following statements about extrinsic and intrinsic rewards is true?
a. Intrinsic rewards are specific, tangible, and easy to compare
b. Extrinsic rewards include interesting and challenging work
c. Intrinsic rewards generally provide personal satisfaction
d. Extrinsic rewards are based on individuals' conception of their worth - ANSWERSc.
Intrinsic rewards generally provide personal satisfaction
According to the text, SMART goals are --
a. Relevant
b. Specific
c. time bound
d. all of the above - ANSWERSd. all of the above
Which of the following statements about Maslow's hierarchy of needs theory is true?
