BUS 101 ch.1-5 test

firm sells premium goods at premium prices (GUCCI)

differentiation

Which of the following roles is considered one of Mintzberg's informational roles?

disseminator

Denmark tend to be comfortable in ambiguous, unstructured situations. they have low levels of

uncertainty avoidance

insurance company acquires an television station,

unrelated diversification

Societies with high ________ prefer hierarchical organization pyramids, wide salary gaps, and a large proportion of supervisory personnel.

power distance

To establish a strong organizational culture, organizational leaders should:

seek input from employees.

Corporate social responsibility considers

social, environmental, and ethical issues.

S.M.A.R.T.

specific, measurable, attainable, realistic, and timely

difference between transformational and transactional leaders

-Transformational leaders are characterized by charisma -transactional leaders ensure tasks are completed.

Which of the following best describes how a vision statement differs from a mission statement?

A vision statement describes a future, ideal condition for the firm, while the mission statement describes an organization as it currently operates.

for-profit and nonprofit organizations that provide goods and services.

Business

first step of Kotter's Eight Principles of Leading Change?

Create a sense of urgency

provides a company with an opportunity to take advantage of lower labor costs in another country.

Offshoring

Which of the following is not an example of information that a company might use to make a decision about how to motivate a customer to make more purchases with them?

The number of times that a customer has redeemed coupons during a purchase.

The price level is

a composite measure reflecting the prices of all goods and services in the economy relative to prices in a base year.

A firm's core competency can be defined as ________.

a source of a firm's competitive advantage

not a characteristic of self-protective leaders? -narcissistic -elitist -status conscious -aloof

aloof

Peter Pan peanut butter acquires a peanut farm in Georgia

backward vertical integration

working in groups and team-based pay.

collectivism

GDP

consumption investment govt spending

unemployment based on economic contractions

cyclical

decision-making authority is pushed down to lower levels of an organization,

decentralized

net exports

exports - imports

A mission statement should be _______.

flexible

unemployment based on desires

frictional

society that minimizes male and female role differences

gender egalitarianism

The term "big data" refers to all of the following about a set of data, except

how many people were required to gather the data.

The purpose of scanning the environment is to

identify business opportunities.

what isn't part of GDP

inflation

ewer women hold few managerial positions and a large wage gap between men and women exists

masculinity

organization to be less rigid, less hierarchical, and more flexible,

organic

people who live in individualistic cultures

participative leaders

Which of the following dimensions encourage and reward innovation and improvement?

performance orientation