Business - Management Pre Quiz 1

1

______ is the act of strengthening employees' sense of effectiveness by encouraging them to participate in decision making and to exercise initiative and imagination, and then rewarding them for doing so.

2

When a new CEO is selected from outside the firm, a change of strategy is likely, especially if the top management team is homogenous and highly cohesive

3

A retail clothing store manager who estimates how much to order for the current spring season based on last spring's outcomes is operating under what kind of decision-making condition?

4

________ offers a fast way for a firm to extend the reach of its technology that is nearly free and offers the potential for royalties.

5

What is a limited liability company (LLC) and why would an entrepreneur choose it as a form of ownership?

6

What is a business plan? What are its components? What is it used for?

7

The criticism of their use of sweatshops has led MNCs to do all of these things except::

8

One of the fastest growing demographic groups in the United States are

9

E-culture is the unique organizational environment created by Internet-based firms

10

When it comes to company characteristics, which of the following is true?

11

Someone with a very high need for achievement ______.

12

Which of the following is not an argument to support international trade

13

Deciding the spatial arrangement of production processes within production units is called ________

14

An enterprise's inventory of finished goods can be used a collateral for a loan from a bank

15

Which of the following is NOT included in Maslow's hierarchy of needs?

16

One effective way to give praise is to comment on the absence of the negative, for example, by saying, "not bad" or "better than last time."

17

Which of the following should be the first method used to reduce workplace accidents?

18

A manager might insist that separating a decision into multiple parts will guarantee that the decisions made will turn out well. This allows for an assessment of the project at each stage, lessening the likelihood the project will fall prey to which of the following?

19

The whistle-blower, by virtue of taking their plea to an external source, is bypassing the formal authority lines of the organization. This is viewed in a _____________light by managers

20

Which of the following statements is true regarding the laws and regulations which govern the employment relationship?

21

The term ________ refers to those people and organizations that are directly affected by the practices and performance of an organization

22

The degree to which individuals perform specialized jobs is dependent on the size of the organization

23

A horizontal approach to organizational design tends to focus on

24

Once managers have measured actual performance, they should

25

The SMM Survey of Buying Power combines data on population, income, and retail sales by assigning a weight to each factor to calculate a/an

26

When developing a project schedule, total float refers to the amount of time a schedule activity may be delayed from its early start date without delaying the project end date.

27

Statistics about disabilities indicate that

28

If Shana's company decides to open a new operation in Germany that has local managers and is run locally but still exists under the umbrella of the home company, it would be considered a ________

29

Small files that are stored on your computer after visiting Web sites are called __________.

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Business - Management Pre Quiz 1

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