Question 1.1.Which of the following is an example of an organization?<\/p>\n
(Points : 4)<\/p>\n
The Department of Commerce<\/p>\n
Apple Inc.<\/p>\n
The American Red Cross<\/p>\n
All of the above<\/p>\n
Question 2.2. In the National Football League, the promotional ads are a(n) _____ resource. (Points : 4)<\/p>\n
International<\/p>\n
Physical<\/p>\n
Informational<\/p>\n
human<\/p>\n
Question 3.3. Which of the following correctly lists all of the basic management functions? (Points : 4)<\/p>\n
Planning and decision making, organizing, leading, and controlling<\/p>\n
Planning, decision making, organizing, and controlling<\/p>\n
Planning and decision making, leading, and organizing<\/p>\n
Decision making, controlling, leading, and coordinating<\/p>\n
Question 4.4. The Ford Motor Company sold an auto parts company because profitability was low. The main environmental dimension considered was (Points : 4)<\/p>\n
Sociocultural.<\/p>\n
Technological.<\/p>\n
Economic.<\/p>\n
Political\/legal<\/p>\n
Question 5.5.The degree to which an organization is impacted by or involved in businesses in other countries refers to its (Points : 4)<\/p>\n
Political\/legal dimension.<\/p>\n
International environment.<\/p>\n
Economic dimension.<\/p>\n
Sociocultural dimension.<\/p>\n
Question 6.6.Which of the following is the MOST common approach to the management of ethics? (Points : 4)<\/p>\n
Top management support<\/p>\n
An unwritten code of ethics<\/p>\n
A written code of ethics and top management support<\/p>\n
Government regulation<\/p>\n
Question 7.7. Identify the statement below that is NOT one of the arguments offered in favor of social responsibility. (Points : 4)<\/p>\n
A business should fix the problems it creates.<\/p>\n
Corporations have many of the same obligations and privileges as private citizens.<\/p>\n
A business is a partner in society with the government and the general population.<\/p>\n
Business executives are uniquely qualified to make decisions such as these.<\/p>\n
Question 8.8. Which of the following is usually has the least amount of risk as an international business? (Points : 4)<\/p>\n
Licensing strategy<\/p>\n
Joint venture<\/p>\n
Importing\/exporting strategy<\/p>\n
Direct investment<\/p>\n
Question 9.9._____ is the form of international business agreement in which two or more firms have an equity stake in an operation. (Points : 4)<\/p>\n
International brokering<\/p>\n
Direct investment<\/p>\n
A strategic alliance<\/p>\n
A joint venture<\/p>\n
Question 10.10. With whom is the United States involved in a mature market system? (Points : 4)<\/p>\n
The Latin American Integration Association<\/p>\n
The Caribbean Common Market<\/p>\n
Canada and Mexico<\/p>\n
Pacific Asia<\/p>\n
Question 11.11. You have decided to become a small business owner. On your business plan, you state that you will be offering high-quality products with the best customer service. What does this statement in your business plan represent? (Points : 4)<\/p>\n
An operational plan<\/p>\n
A mission statement<\/p>\n
A strategic plan<\/p>\n
A tactical plan<\/p>\n
Question 12.12. If Delta Airlines decides to buy a regional carrier, this would be an example of a(n) _____ plan. (Points : 4)<\/p>\n
Operational<\/p>\n
Strategic<\/p>\n
Tactical<\/p>\n
Contingency<\/p>\n
Question 13.13. When dealing with the strategic planning for an organization, the _____ is the single most important individual in the planning process. (Points : 4)<\/p>\n
Chief executive officer<\/p>\n
Chief legal counsel<\/p>\n
Head of planning task force<\/p>\n
Chief financial officer<\/p>\n
Question 14.14. Identify the statement that is TRUE when comparing large and small businesses. (Points : 4)<\/p>\n
Big businesses outnumber small businesses by a wide margin<\/p>\n
Small businesses show consistently lower financial performance than big businesses<\/p>\n
Business success creates jobs regardless of size.<\/p>\n
Small business formations are on the decline, but the rate for big businesses is increasing.<\/p>\n
Question 15.15. Due to cost and other factors, for which of the following industries are you LEAST likely to find a small business owner? (Points : 4)<\/p>\n
Transportation<\/p>\n
Service<\/p>\n
Retailing<\/p>\n
Manufacturing <\/p>\n
Question 16.16. Which is the most popular source of funds for a small business? (Points : 4)<\/p>\n
Bank loans<\/p>\n
Personal financial resources<\/p>\n
Money from venture capitalists<\/p>\n
Issuing stock in the business<\/p>\n
Question 17.17.Which of the following is not a characteristic of the new economy? (Points : 4)<\/p>\n
Job opportunities are for knowledge workers.<\/p>\n
Business accepts its social responsibilities.<\/p>\n
National borders limit competition.<\/p>\n
Customer needs drive business.<\/p>\n
Question 18.18. Plans that apply to the entire organization, establish the organization’s overall objectives, are called _____ plans. (Points : 4)<\/p>\n
Operational<\/p>\n
Tactical<\/p>\n
Strategic<\/p>\n
Specific <\/p>\n
Question 19.19. As more employees telecommute (do their work from home), managerial emphasis will be on the: (Points : 4)<\/p>\n
Control of working hours.<\/p>\n
Means by which work is accomplished<\/p>\n
Sources of managerial power<\/p>\n
Final output<\/p>\n
Question 20.20.When uncertainty is high and management must maintain flexibility, which of the following types of plans are preferable? (Points : 4)<\/p>\n
Long-term plans<\/p>\n
No plans<\/p>\n
Directional plans<\/p>\n
Specific plans<\/p>\n
Question 21.21. The greater the uncertainty, the more plans should be of the _____ variety. (Points : 4)<\/p>\n
Long-term<\/p>\n
Short-term<\/p>\n
Intermediate in length<\/p>\n
Rigid<\/p>\n
Question 22.22. Business ethics deals primarily with (Points: 4)<\/p>\n
Social responsibility<\/p>\n
The pricing of products and services<\/p>\n
Moral obligation<\/p>\n
Being unfair to the competition<\/p>\n
Question 23.23. The statement that answers the question, “what business are we in,” is best described by which of the following? (Points : 4)<\/p>\n
Strategic plan<\/p>\n
Mission<\/p>\n
Strategic purpose<\/p>\n
Tactical objective<\/p>\n
Question 24.24. A company that is assessing its large capital, skilled workers, and many patents is analyzing which of the following? (Points : 4)<\/p>\n
Strength<\/p>\n
Weakness<\/p>\n
Opportunity<\/p>\n
Threat<\/p>\n
Question 25.25. When Northwest Airlines begins providing “car rental upgrade” to their business frequent flyers, which of the following business strategies it is pursuing? (Points : 4)<\/p>\n
Limitation<\/p>\n
Focus<\/p>\n
Sticking to core competencies<\/p>\n
domination<\/p>\n
Question 26.26.What skill centers on a manager’s mental ability to coordinate all of the organization’s interests and activities? (Points : 4)<\/p>\n
Conceptual<\/p>\n
Interpersonal<\/p>\n
Technical<\/p>\n
political<\/p>\n
Question 27.27. The Major contributor to employee theft is (Points : 4)<\/p>\n
Employee poverty.<\/p>\n
Management ethical climate perceived to be lenient<\/p>\n
Management ethical climate with rigid attitudes<\/p>\n
The lack of year-end bonuses<\/p>\n
Question 28.28. Team leader Gary is scheduled to prepare a performance of Lisa, a team member who also happens to be his wife’s closest friend. The ethical temptation Gary faces is (Points : 4)<\/p>\n
Sexual harassment.<\/p>\n
Misuse of corporate resources<\/p>\n
Dealing with confidential information<\/p>\n
Conflict of interest.<\/p>\n
Question 29.29.The stakeholder view of social responsibility states that organizations must respond to the needs of (Points : 4)<\/p>\n
Employees and customers.<\/p>\n
Shareholders and owners.<\/p>\n
All interested and involve parties<\/p>\n
All those who might sue the organization.<\/p>\n
Question 30.30.Which one of the following approaches to creating an ethical and socially responsible workplace is likely to be the most powerful? (Points : 4)<\/p>\n
Passing out buttons with the statement “Just Say No to Bad Ethics”<\/p>\n
Placing posters about ethics throughout the organization<\/p>\n
Top management acting as models of the right behaviour<\/p>\n
Including a statement about ethics and social responsibility in the employee handbook<\/p>\n
Question 31.31.A firm is said to have good corporate social performance when (Points : 4)<\/p>\n
Stockholders invest in socially responsible causes.<\/p>\n
Workers are well paid and layoffs are minimized<\/p>\n
The company has not been convicted of ethical violations for five consecutive years.<\/p>\n
Stakeholders are satisfied with its level of social responsibility.<\/p>\n
Question 32.32. Which of the following is an argument against formal planning? (Points : 4)<\/p>\n
Planning focuses on the future.<\/p>\n
Planning may create rigidity.<\/p>\n
Planning replaces creativity<\/p>\n
Planning ignores prior successes<\/p>\n
Question 33.33.Tim’s Company is analyzing the technology that allows it to produce wireless communication equipment for less money. This technological breakthrough for Tim’s Company is which of the following? (Points : 4)<\/p>\n
Strength<\/p>\n
Weakness<\/p>\n
Opportunity<\/p>\n
Threat<\/p>\n
Question 34.34. Larry’s Company is in the process of buying a smaller competitor and incorporating that company’s resources into his business. This is an example of which of the following types of strategies? (Points : 4)<\/p>\n
Domination<\/p>\n
Sticking to core competencies<\/p>\n
Strategic alliances<\/p>\n
Redefining the industry<\/p>\n
Question 35.35. Why people do not like change? (Points : 4)<\/p>\n
Fear of losing something already possessed<\/p>\n
Change substitute’s ambiguity and uncertainty for the known<\/p>\n
The time and effort they invest in learning the existing system<\/p>\n
All of the above<\/p>\n","protected":false},"excerpt":{"rendered":"
Question 1.1.Which of the following is an example of an organization? (Points : 4) The Department of Commerce Apple Inc. The American Red Cross All of the above Question 2.2. In the National Football League, the promotional ads are a(n) Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-170057","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/170057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=170057"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/170057\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=170057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=170057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=170057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}