1.\u00a0 Unlike leaders, managers are those who:\tencourage and motivate employees to work together to achieve a common vision.\timplement procedures and processes to ensure the smooth functioning of an organization.\tseek innovation rather than stability in their approach to fulfill organizational aspiration\tdevelop relationships with employees based on trust and mutual respect.\t\u00a0\t2. Adopting a __________ involves distributing monetary resources among divisions to increase financial returns or to spread risks among different businesses.\tdifferentiation strategy\tglobal strategy\tportfolio strategy\tmultidomestic strategy\t\u00a0\t3. Which of the following statements is true of a corporate-level strategy?\tIt provides the framework within which functional managers operate.\tIt is the primary responsibility of top managers.\tIt is used to identify an organization’s strengths and weaknesses.\tIt outlines a division’s long-term goals.\t\u00a0\t4. __________ is the process by which managers establish the structure of working relationships among employees to allow them to achieve a company’s goals efficiently and effectively.\tLeading\tOrganizing\tPlanning\tControlling\t\u00a0\t5. Identify a true statement about an effective control system?\tIt provides managers with accurate information about organizational performance.\tIt is limited in its capacity to provide managers with information in a timely manner.\tIt allows managers to take only programmed decisions.\tIt is an informal system that helps managers make decisions.\t\u00a0\t6. A __________ specifies the national markets and industries an organization plans to compete in and why it intends to do so.\tcorporate-level strategy\tfunctional-level strategy\tbusiness-level strategy\tdepartment-level strategy\t\u00a0\t7. Which of the following models of leadership focused on identifying the characteristics of a person capable of being an effective leader?\tHouse’s path-goal model\tThe trait model\tThe behavioral model\tFiedler’s contingency model\t\u00a0\t8. Which of the following principles identified by Henri Fayol focuses on the chain of command with an organization?\tA manager should not encourage or allow his or her employees to be innovative and creative.\tAn employee should receive orders from only one supervisor.\tA manager is not entitled to ask for his or her employees’ obedience.\tAuthority should be concentrated at the top of the chain of command in an organization.\t\u00a0\t9. A low-cost strategy requires organizations to:\tfocus its attention on customers from a particular geographic area.\tdirect its efforts to cater to a particular kind of customer.\tincrease the spending on research and development to differentiate its products from those of its competitors.\tdevelop products that can be manufactured inexpensively compared to existing rival products.\t\u00a0\t10. The __________ of an organization is responsible for building an efficient top management team.\tfirst-line manager\tvice-president\tmiddle manager\tchief executive officer\t\u00a0\t11. Which of the following is a feature of a high-performing organization?\tThe managers choose inappropriate goals but use resources effectively to achieve them.\tThe managers choose the right goals to pursue and use resources appropriately to meet them.\tThe organization produces a product that customers will want to buy but will not be able to afford.\tThe organization produces a low-quality but affordable product.\t\u00a0\t12. According to Lewin’s force-field theory of change, which of the following factors results in a change in an organization?\tA stable general environment\tA stable task environment\tA decrease in forces for change\tA decrease in resistance to change\t\u00a0\t13. Which of the following statements is true of transformational leaders?\tThey prefer to maintain the status quo in their organizations.\tThey use reward power and coercive power to command respect from their subordinates.\tThey engage with subordinates and motivate them to work toward organizational goals.\tThey hesitate to share information with their coworkers.\t\u00a0\t14. First-line managers in an organization are responsible for:\thelping middle managers set organizational goals.\tassessing the appropriateness of organizational goals.\tsupervisingnonmanagerial employees on a day-to-day basis.\tensuring the smooth functioning of all departments.\t\u00a0\t15. _____ is a measure of how productively resources are utilized to meet a goal\tEfficiency\tProduct utilization\tCentralization\tManagement\t\u00a0\t16. According to Henry Fayol, the planning process in an organization is effective when:\tit sets disparate, specific goals for each functional level.\tit proposes multiple plans to achieve an organizational goal.\tit allows plans to be designed and modified at all levels.\tit produces plans that are static, thus avoiding confusion.\t\u00a0\t17. Which of the following statements is true of an evolutionary change in an organization?\tIt helps the organization adapt to gradual changes in the environment.\tIt involves quickly finding new ways to be effective.\tIt is effected through reengineering and innovation.\tIt is likely to result in a radically new structure for the organization.\t\u00a0\t18. Which of the following is an advantage of implementing a functional structure in an organization?\tIt helps managers specialize and develop expertise in only one product area.\tIt enables employees who perform similar kinds of jobs to observe and learn from each other.\tIt lets organizations choose the set of products that serves the needs of regional customers.\tIt allows functional managers to develop generic skills that help manage all aspects of production.\t\u00a0\t19. Which of the following did Frederick W. Taylor believe to be an outcome of recording the method of performing a particular task in an organization?\tTasks became complicated and time-consuming.\tJob procedures became standardized and more routine.\tWorkers did not have to be trained for specific roles anymore.\tWorkers’ informal knowledge about their tasks became irrelevant.\t\u00a0\t20. Which of the following is an advantage of group decision making?\tIt allows managers to process more information and rectify one another’s errors.\tIt is unaffected by any kind of cognitive bias as it benefits from multiple perspectives.\tIt is easy to execute because getting two or more managers to agree on a solution is relatively simple.\tIt allows managers to take decisions within relatively short periods of time compared to individual decision makers.\t\u00a0\t21. __________ is the formal system of task and job reporting relationships that determines how employees utilize resources to achieve a company’s goals.\tOrganizational culture\tOrganizational matrix\tOrganizational design\tOrganizational structure\t\u00a0\t22. One way of pursuing a differentiation strategy is by:\tintroducing products that are replicas of a competitor’s products.\tinvesting more on research and development.\toffering specialized products at low-costs.\tlooking for new ways to reduce production costs.\t\u00a0\t23. An organization’s return on investment is calculated by dividing:\tits profit before interest and taxes by its total interest charges.\tits operating profit by sales revenue.\tits net income before taxes by its total assets.\tits current assets by its current liabilities.\t\u00a0\t24. How does an increase in job specialization lead to higher organizational performance?\tEach worker becomes responsible for all the different tasks involved in producing a product thereby increasing productivity.\tEach worker specializes in a different set of tasks over a period of time.\tWorkers performing specific tasks become much more skilled and produce a product faster while working in groups.\tWorkers join different groups and each group performs the same task at increasing costs over a period of time.\t\u00a0\t25. A differentiation strategy can be employed by organizations to:\tensure strict control over various departments by a system of checks and balances.\tachieve flexibility in organizational culture.\tenhance the value consumers perceive in their products.\treduce costs in all their functions.\t\u00a0\t26. Which of the following scenarios illustrates the attraction-selection-attrition framework?\tMiriam likes experimenting with new possibilities and taking risks. She hires like-minded people for her start-up.\tThe management of ThinkFree Inc. requires all prospective employees to attend a basic induction program.\tSerena wins the annual award for best employee of the year. She was selected from all likely candidates for her dedication to her work.\tAll the newly hired employees of Style Prints Inc. are encouraged to participate in team outings.\t\u00a0\t27. A differentiation strategy is ideal for organizations that:\ttry to ensure flexibility in organizational culture.\taim to produce new, innovative products.\tintend to exercise strict control over various departments.\twant to ensure flawless coordination among multiple divisions.\t\u00a0\t28. __________ signify what an organization and its members are trying to accomplish.\tTerminal values\tShared norms\tSocietal norms\tInstrumental values\t\u00a0\t29. A person’s upbringing is an important source of __________.\torganizational ethics\tprofessional ethics\tindividual ethics\tsocietal ethics\t\u00a0\t30. __________ is the process by which managers regulate and monitor how efficiently and effectively an organization as a whole works to achieve organizational goals.\tLeading\tOrganizing\tControlling\tPlanning<\/p>\n","protected":false},"excerpt":{"rendered":"
1.\u00a0 Unlike leaders, managers are those who: encourage and motivate employees to work together to achieve a common vision. implement procedures and processes to ensure the smooth functioning of an organization. seek innovation rather than stability in their approach to 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-228252","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/228252","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=228252"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/228252\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=228252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=228252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=228252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}