Business - Management, Quizlevel1

To avoid problems in the appraisal process, which of the following should generally be minimized?

Jason spends every weekend studying for his advanced degree and regularly attends seminars designed to improve his skills. He believes this effort will pay off in career success. What personality trait best explains Jason's belief?

3

_____ refers to economic development that generates wealth and meets the needs of the current generation while saving the environment so future generations can meet their needs as well

4

Enlightened self-interest is the idea that the wealthiest members of society should be charitable toward those less fortunate.

5

In general, the more structured a type of selection interview, the more likely it is to be statistically valid

6

There will always be ________ in surveys because only those individuals who wish to fill out the survey will do so.

7

Six Sigma shoots for only ______ defects or mistakes per million operations.

8

Walmart keeps it costs to a minimum so it can charge lower prices than its competitors and it achieves this through the fit its managers have achieved between its business and functional-level strategies

9

Used car prices in the northern U.S. tend to be lower than those in the southern U.S

10

What are the pros and cons of seniority?

11

An important purpose of external audits is to

12

When Carlton Construction, a maker of construction equipment, needs supervisors for its factories in China, it recruits Chinese workers before it looks in other countries. Which statement best explains Carlton Construction's recruiting practices in China?

13

Personnel planning rarely utilizes techniques like ratio analysis or trend analysis to estimate staffing needs

14

A. H. Murtrie is the father of a widely-accepted theory of motivation known as the Need Hierarchy

15

If a Chinese worker earns $1.00 a day, then goods produced by this worker will cost less than the same goods produced by an American earning $18.00 an hour.

16

An HR department can use a push strategy to promote diversity by making sure that all hiring practices strictly avoid discrimination

17

According to the VRIO (value, rarity, imitability, organization) criteria, which of the following marketing or supply chain activities must be avoided by companies?

18

In determining the competitiveness of benefits, senior management tends to focus mainly on:

19

Which step in the integrated strategic change process outlines not only the major activities that will be implement or will change when the strategy is adopted but also the impact the strategy will have on stakeholders?

20

How is workforce empowerment critical to the success of lean systems? Give at least one example (from the textbook or an external resource) of how workforce empowerment has successfully supported lean systems.

21

Explain the importance of the concept of active listening.

*It is an essential skill for employees in the workplace because it allows the receiver to hear and
understand the message, and reassures the speaker that the message has been heard in the same
terms in which it is delivered
*Good active listeners remove all distractions so they can concentrate on what is being said, show a real
interest in the message the speaker is trying to deliver, and provide appropriate responses to the speaker
at suitable times
*Failure to listen properly in organizations can lead to misunderstandings that can damage personal and
work relationships
*Ineffective listening also comes at a high price – it is estimated that millions of dollars are wasted ever
year due to the time it takes to repeat information, correct misunderstandings, and make up for loss of
productivity

22

Esosa believes that ethical behavior is anything that provides the maximum benefit for herself. What ethical system does Esosa subscribe to?

23

Why would a firm with a domestic market focus never go beyond the first step of internationalization?

24

Which of the following terms only considers the time it takes for a system to fail while it is operating but does not take into account any downtime associated with the repairs the system may need?

25

Many companies make bead jewelry, but Chamilia is the only one with a licensing agreement with Disney to make beads of Disney characters. The agreement is a(n) ____ for Chamilia

26

After becoming part of the North American Free Trade Agreement (NAFTA) in 1994, Mexico:

27

The consulting firm A.T. Kearney estimates that ____ percent of the benefits of joining two firms together are obtained in the first year

28

Research on the special case of ______ groups has tended to focus on the influence of minority members on the majority.

29

GLBT employees, as a group, comprise, by some estimates, ________ percent of the population.

30

Identify a subjective performance measure

31

The stock option that gives the employee an opportunity or the right to buy the

32

In today's financial climate, more banks are becoming the primary and often only source of capital for new ventures

33

Which of the following, if true, best supports the argument that a scatter plot is the most appropriate tool for Marie to use in estimating future personnel needs?

in Business

Marie Boyd has been hired by Barnum Hotels to manage staffing for the regional hotel chain. Barnum intends to open two new hotels within the next 3 years and will have many job positions to fill. Historically, employee turnover is high at Barnum, as employees usually remain with the company for less than 2 years before quitting. Marie realizes that Barnum needs to make significant changes in its personnel strategy in order to meet the company's goals for the future and to improve employee retention rates.

A) Productivity levels for Barnum employees typically vary from month to month.
B) The size of the two new Barnum hotels will be similar to the chain's other hotels.
C) Barnum requires HR to maintain qualifications inventories for all current employees.
D) Barnum's marketing department will develop a new promotional campaign for the new hotels.

34

How should a change agent approach dysfunctional norms?

35

Provide an example of a virtual organization

36

Explain why a company would need both a fixed and a variable budget.

Fixed budgets-where resources are allocated on a single estimate of costs. Also known as a static budget, a fixed budget allocates resources on the basis of a single estimate of costs. That is, there is only one set of expenses; the budget does not allow for adjustment over time. For example, you might have a budget of $50,000 for buying equipment in a given year-no matter how much you may need equipment exceeding that amount.

Variable budgets-where resources are varied in proportion with various levels of activity. Also known as a flexible budget, a variable budget allows the allocation of resources to vary in proportion with various levels of activity. That is, the budget can be adjusted over time to accommodate pertinent changes in the environment. For example, you might have a budget that allows you to hire temporary workers or lease temporary equipment if production exceeds certain levels. As a freelancer, you might set up your budget to allow for the unexpected, like the purchase of a second monitor for your laptop if you accept an assignment that requires it.

37

Refer to Table 16.1. The change effort Todd is taking was stimulated by:

38

Which of the following encourages employees to set their own performance goals?

39

The production function is the same as the managerial subsystem in the open-system model of a business

40

The primary reason to acquire and use a computerized accounting system in your business is to ensure the accuracy of your accounting information.

41

What are the five business models that have proven successful for e-commerce?

42

An office supply store generates most of its sales revenues using IT and the Internet. The company uses an online store to connect directly to customers, enabling customers to process orders without using retailers. This is an example of

43

Describe the differences between autocratic leaders and democratic leaders

44

When firms use realistic job previews, the likely result is a decrease in recruitment effectiveness since the negative aspects of the job are revealed

45

Successful entrepreneur Karl Eller noted the crucial role of ________ to achievement in business

46

________ prefer jobs where they can troubleshoot, respond to crises, and negotiate. They also enjoy identifying and responding to opportunities, competitive and enjoy seeking out adventure

47

The components of attitudes include

48

An understanding that goes beyond data and information manipulation and manifests itself in strategic decisions and organizational effectiveness is called:

49

Consumers prefer globally branded products because branding provides a sense of trust and confidence in their purchasing

50

In the context of the root causes of management incompetence and derailment, which of the following is most likely true of leaders with a bold dark-side personality trait?

51

Entrepreneurs like to remain alert to competition, customers, and government regulations, but this continual scanning of the environment can lead to a negative sense of distrust

52

Identify a true statement about ethical business practices.

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Business - Management, Quizlevel1

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