Quiz Preview 1. Business - Management

The UN Millennium Development goals drawn on

For various reasons, Anne is unable to move ahead into a higher position at work. According to Alderfer's ERG theory, which of the following sets of needs will become more important to Anne?

3

What 10 characteristics does a mission statement need to have?

4

What are professional, institutional managers of risk capital who invest in new ventures called?

5

Alternatives that are contrary to the law or company policy are eliminated in the ________ stage of the framework for the analysis of nonmarket issues

6

The considerable variation between Americans and Chinese in the use of silence during meetings is an aspect of ________

7

Which organizational design is appropriate when the various customer groups targeted by a firm are so diverse as to require totally distinct marketing approaches?

8

Using an employee's manager for feedback is very useful because managers' own success depends so much on their employees' performance.

9

The idea behind the Path-Goal Theory is to ________

10

The Renault Nissan alliance discussed in the Mini Case is an example of a ________ in that the firms seek to create economies of scope by sharing their resources and capabilities to develop manufacturing platforms that can be used to produce cars that will be either a Renault or a Nissan

11

Of the three different strategic approaches to negotiation (interests, rights, and power), negotiators focus on ________ when they use threats or other means to try to coerce the other party into making concessions.

12

Intelligence is the best predictor of job performance

13

What contractual form of governance provides a license to use a technology to many companies?

14

According to the U.S. Merit Systems Protection Board (2006), what factors need to be present for an effective pay for performance system to work?

15

Implied contracts can be formed through an employer's representation of ________

16

For each definition, select the term that best fits.

in Business

A. Couples teams who own and manage businesses
B.
C.
D. An organization in which either the individuals who established or acquired the firm or their descendants significantly influence the strategic decisions and life course of the firm
E. A statement of principles intended to guide a family firm through times of crisis and change
F. An organized group of family members who gather periodically to discuss family-related business issues
G. A gathering of family members, usually at a remote location, to discuss family business matters
H. The process by which a more-experienced person guides and supports the professional progress of a new or less-experienced employee
I. The practice of employing relatives
J.
K.
L. A business in which children of the founder become owners and managers
M. Non-financial factors in a family firm that affect the commitment of family members to the business

17

In the context of the benefits included in an international compensation package, ________ is a compensation provided to expatriates for living and working in a physically hazardous area, such as a war zone.

18

The _____ method requires a manager to write a short write-up describing each employee's performance during the rating period

19

All of the following are advantages of employee databases EXCEPT

20

An impetus for increasing ______ over the past 50 years was the changing disposition toward the use of tariffs and other trade barriers by country governments.

21

Innovative recruiting, compensation incentives, and training programs are used by firms when a surplus of employees is forecasted

22

A business letter includes all of the following EXCEPT:

23

Which of the following is most true with regard to reaching integrative negotiation agreements?

24

What is a weakness of a simple structure?

25

Which of the following can assist a small business and helps to determine standards based on industry?

26

Plans that are designed to help increase efficiency by increasing the productivity of the company's employees and/or lowering the firm's labor costs are known as:

27

Manufacturing is considered to be a ________ intensive industry

28

A leader who makes priorities clear, stimulates participation, is open minded and enjoys working is displaying ______.

29

______ allows for the coordination of raw materials purchasing, whereas ______ facilitates the development of a detailed production schedule that accounts for machine and labor capacity and for scheduling the production runs.

30

Which of the following statements is true of affirmative action?

31

Lean production systems incorporate the advantages of both mass production and craft production.

32

Recovering substance abusers are not considered disabled under the Americans with Disabilities Act.

33

Which of the following is the idea behind organizational renewal?

34

Mr. Yoshimura and his family were initially very excited to see Tennessee but soon started missing their home, relatives and friends in Japan. They are facing ________

35

Some situations don't require leadership. Discuss

36

One way to facilitate change and reduce employee resistance is to:

37

During a meeting, when a problem cannot be solved in the allotted time, which of the following is the best practice to be undertaken by a supervisor?

38

What are five differences between strategy formulation and strategy implementation?

Student answers should include five of the following: Strategy formulation is positioning forces before the action, whereas strategy implementation is managing forces during the action. Strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Strategy formulation is primarily an intellectual process, whereas strategy implementation is primarily an operational process. Strategy formulation requires good intuitive and analytical skills, whereas strategy implementation requires special motivational and leadership skills. Strategy formulation requires coordination among a few individuals, whereas strategy implementation requires coordination among many individuals. Strategy formulation is science with tools and techniques, whereas strategy implementation is an art to energize people. Strategy formulation and strategy implementation are both difficult to do well, but strategy implementation is considerably more difficult to do well. Strategy orientation is process oriented, whereas strategy implementation is people oriented. Strategy formulation is primarily the responsibility of top managers, whereas strategy implementation is primarily the responsibility of mid and lower level managers.

39

Nonmarket issues come from both external forces and the firm's actions

40

Because of threats and risks in the global environment, some firms choose to take a more cautious approach by:

41

The purpose of a code of ethics is to

42

Locus of control refers to an individual’s belief that he or she can successfully accomplish a specific task or outcome.

43

Joaquim enjoys his job and feels that he is a productive member of the team. He is displaying

44

________ is the tendency for supervisors to base judgments on readily obtainable information

45

Which of the following are variables of the OB model?

46

Which of the following refers to the system of governing an organization so that the interests of corporate owners are protected?

47

What are the three types of social capital?

48

The Single European Act represented a major step toward ________ within the

49

When generating sustainability strategies, an organization must give primacy to the expectations and requirements of its financial stakeholders.

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Quiz Preview 1. Business - Management

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