Management TEST BANK

Chapter 2 How Businesses Use Information Systems 1) Enrolling employees in benefits plans is a business process handled by the finance and accounting function. Answer: FALSE Diff: 2 Page Ref: 33 AACSB: Use of information technology CASE: Knowledge Objective: 2.1 2) Operational management is responsible for directing the day-to-day operations of the business and therefore needs transaction-level information. Answer: TRUE Diff: 1 Page Ref: 34 AACSB: Reflective thinking skills CASE: Kn...

Chapter 03 Managerial Decision Making True / False Questions 1. Important, difficult decisions tend to be nonprogrammed, and they demand creative approaches. True False 2. The manager of a burger restaurant faces conflict when she must decide whether to cut hours for all employees or layoff two employees. True False 3. Contingency plans should be developed only after a decision has been made and implemented. True False 4. Following all six stages of...

Chapter 03 Test Bank True / False Questions 1. Paul, who is normally an ethical person, has an opportunity to acquire what he feels is "easy" money in his job, and he believes it is safe to steal the money because nobody would know if he does take it. Paul rationalizes that it is fine to steal the money because he needs it more than the person whom the money belongs to. The psychological mechanism that causes Paul to want to steal the money is poor self-esteem. FALSE AACSB: Ethics Access...

3 Student: ___________________________________________________________________________ 1. Open systems are all relevant forces outside a firm’s boundaries. True False 2. All organizations operate in a macroenvironment. True False 3. The immediate environment surrounding a firm including suppliers, customers, rivals, and the like is called the macroenvironment. True False 4. Competition is most intense when there are few direct competitors, industry growth is fast, and the product or serv...

Testbank to accompany Management 5th Edition by Schermerhorn et al. Prepared by Kim Rutter, University of Canterbury © John Wiley & Sons Australia, Ltd Chapter 3 Environment and diversity Multiple choice questions 1. Contemporary managers are learning many things because of the impact of the 21st century environment. Which of the following is NOT one of the things that contemporary managers are learning to do? a. Contemporary managers are learning how...

INTRODUCTION TO MATERIALS MANAGEMENT CHAPTER 1 ANSWERS TO PROBLEMS 1.1 Sales 100% 100% Cost of manufacturing 60% 50% Other costs 30% Profit (percent of Sales) Therefore a 10% reduction in the cost of manufacturing would produce a 100% increase in profit. 1.2 Profit = Sales – (direct costs + overhead) 0.20 = Sales – (0.60 × Sales + 0.30) Sales = 0.5 = 1.25 = 125% 0.4 To increase profits from 10% to 20% takes a 25% increase in sales but only a 10% decrease in costs. Good materials ma...

Chapter 2: Organizational Learning TRUE/FALSE 1. Organizational learning refers to the process of creating, sharing, storing, and applying knowledge in organizations. ANS: F Definition of organizational learning PTS: 1 REF: 37 2. Peter Sengalis is known as the originator of the concept of learning organizations. ANS: F Peter Senge PTS: 1 REF: 37 3. If individuals in an organization learn, then the organization becomes a learning organization. ANS: F Individual le...

mgmt principles of managements Canadian - test banks, Chapter 2 Organizational Environments and Cultures MULTICHOICE 1. What are the two types of external organizational environments? (A) general and specific (B) public and private (C) global and national (D) organizational and interpersonal Answer : (A) 2. Which of the following environments affects all organizations? (A) the global environment (B) the national environment (C) the general environment (D) the formal environment Answer :...

Chapter 1: The Entrepreneurial Process True/False 1. Entrepreneurship is the process of planning, organizing, operating, and assuming the risk of a business venture. Ans: True Page: 4 2. The word entreprendre refers to the individuals who “undertook” the risk of new enterprise. Ans: True Page: 5 3. Fortunately, entrepreneurs do not communicate with external “stakeholders” such as investors and bankers. Ans: False Page: 5 4. Aspiring entrepreneurs hope for th...

1 00 0000000000000000000000000000000000000000000000000000000000000000000000000 00 0000000 0000000 00 0000000000 00000 00000 00000000 00 00000 000 0000000 000000000 00 0000000 0000000 00 0000 00000 0000000 00 0000000 0000000 0000000 000 000000000000 0000 000 00000...