MAN 4701 Practice Quizzes Test One
The stages of the entrepreneurship process include opportunity identification, evaluation, and _______________. A.rejuvenation B.exploitation C.risk taking D.management E.asymmetry
B
_______ resources are machines used during the manufacturing process. A.Monetary B.Technical C.Capital D.Raw material E.Human
C
Jason has obtained financing for his new business from some private wealthy investors who provide capital to new companies. What type of financing is this? A.Venture capitalism B.Sustained regeneration C.Bank financing D.Crowd funding E.Angel investing
E
A great way to increase interaction between multiple generations is to create a program that pairs senior employees with junior employees to aid in the transfer of work skills from the junior employee to the senior employee. This program is known by what term? A.Reverse mentoring B.Ethnocentrism C.Stereotyping D.The assimilation approach E.Reverse discrimination
A
According to Jacoby, which of the following represents for an organization the highest degree of multinationalization? A.Multinationalizing ownership of corporate stock B.Multinationalizing management from top to bottom C.Exporting products to foreign countries D.Licensing the use of company patents to foreign firms E.Establishing sales organizations abroad
A
Although women and men make up roughly the same proportion of the workforce, __________. A.men hold a disproportionate number of higher paying jobs B.men hold a disproportionate number of moderate-pay government jobs C.women hold a disproportionate number of moderate-pay government jobs D.men hold a disproportionate number of lower paying jobs E.women hold a disproportionate number of higher paying jobs
A
As illustrated in the text, companies pass through six stages of multinationalization. In which stage of multinationalization would a company establish foreign manufacturing facilities? A.Stage 4 B.Stage 3 C.Stage 2 D.Stage 5 E.Stage 1
A
EFG Inc. makes donations to schools in underdeveloped countries to provide technical career training for students to enter the labor market. This is an example of ___________. A.philanthropy B.ethics C.a positive environmental footprint D.social auditing E.the virtue standard
A
Entrepreneur Blake Mycoskie traveled to a remote area in Argentina and saw that children could not afford shoes to protect their feet. Wanting to help, he created TOMS Shoes, which provides a pair of shoes to someone in need for every pair purchased by a customer. This is an example of ________ entrepreneurship. A.social B.commercial C.innovative D.global E.opportunistic
A
Frank has started a place where local families are provided a safe and educational environment for their children to play. Which of the following elements of the organization would suggest this is social entrepreneurship rather than commercial entrepreneurship? A.a primary focus on creating value for the public B.a focus on child safety C.employment of local workers D.a focus placed on creating an innovative place E.high salaries for employees
A
Jacques has spent his whole life in France but is now going to be working in the U.S. office for the company that employs him. In preparing him for this assignment, he was trained on how to adjust to the new culture. This represents what core element of expatriate training programs? A.cultural adaptation B.culture profiles C.application D.logistical information E.uncertainty avoidance
A
Juanita is the manager for a group of workers that create cars in a factory setting. This means Juanita is best defined as what kind of manager? A.Plant manager B.Personnel manager C.Service manager D.Sales manager E.CEO
A
Lena is struggling to determine where her organization should give money through philanthropy. According to the text, if Lena follows a manager's fundamental social responsibility she should donate to a cause that: __________. A.enhances the organization's competitive advantage B.helps the environment C.is politically neutral D.relates to global concerns E.deals with a long-standing problem
A
Sharon is a manager of company XYZ. She wants to go above and beyond to enhance the social responsiveness of her organization. In this case, which of the following should she NOT do? A.Approach meeting social responsibilities as a requirement, only doing what is required by law B.Go well beyond what the law requires to meet social obligations C.Incorporate social goals into the annual planning process D.Become committed to reaching profit and social goals E.Approach meeting social responsibilities believing that the company has both profit and social goals and respond by working to achieve them both
A
Special training for expatriates typically includes cultural profiles, cultural adaptation, logistical information, and _______, in which expatriates learn about specific organizational roles they will perform. A.application B.language C.uncertainty avoidance D.short-term orientation E.power distance
A
The basic steps in conducting a social audit are monitoring, ___________, and appraising all aspects of an organization's social responsibility performance. A.measuring B.visualizing C.planning D.estimating E.correcting
A
The third level of international involvement, characterized by significant operations in more than one country, is known as which of the following? A.A multinational organization B.A domestic organization C.An international organization D.A parent company E.A host company
A
To determine if an entrepreneurial venture is practical, entrepreneurs will need to conduct a(n) _______________ analysis, which includes taking into account customer demands, the industry structure, and the entrepreneur's ability to produce the new product. A.feasibility B.entrepreneurial risk C.total cost D.variable cost E.downside loss
A
Using diverse managers to penetrate new markets and enhancing credibility with customers would describe which advantage of diversity? A.Gaining and keeping market share B.Cost savings C.An innovative workforce D.Increased productivity E.Better quality of managers
A
Which management action would LEAST likely encourage the advancement of women in an organization? A.Excluding women from mentoring programs B.Encouraging women to take the initiative in obtaining management positions C.Teaching women how to better manage their time D.Making sure that women know the top three strategic goals for the company E.Having career discussions with women who have management potential
A
Which of the following best defines social responsibility? A.The managerial obligation to take action that protects and improves both the welfare of society as a whole and the interests of the organization B.The managerial obligation to take action that protects and improves the organization's interests C.The managerial obligation to take action that protects and improves the welfare of society D.The managerial obligation to act to make the organization as profitable as possible, regardless of the consequences E.The managerial obligation to act in the best interests of their direct subordinates
A
Which of the following is a right granted by one company to another to use its brand name, technology, product specifications, and so on, in the manufacture or sale of goods and services? A.A license agreement B.A trademark C.An international market agreement D.An international joint venture E.A copyright
A
Which of these is generally recommended in making philanthropic gifts? A.Managers should strive to make such gifts in societal areas that will afford the organization a competitive advantage. B.Managers should obtain approval of government agencies before making any philanthropic gifts. C.Managers should seek shareholder approval before making any philanthropic gifts. D.Managers should avoid making philanthropic gifts as they generally deteriorate the well-being of people. E.Managers should make philanthropic gifts only domestically to help their home country.
A
Which term describes a company investing in international operations within a host country? A.Parent company B.Domestic company C.Exporter D.International joint venture E.Expatriate
A
Which term describes a measure of usage of environmental resources? A.Environmental footprint B.Sustainability C.Social responsibility D.The virtue standard E.Social responsiveness
A
Which term describes an individual who identifies, evaluates, and exploits opportunities? A.Entrepreneur B.Employee C.Manager D.Executive E.Leader
A
Which term refers to a guideline that indicates that behavior can generally be considered ethical if it provides the most good or does the least harm for the greatest number of people? A.The utilitarian standard B.The rights standard C.The virtue standard D.The triple bottom line E.A code of ethics
A
Which term refers to a sequence of work-related positions occupied by a person over the course of a lifetime? A.Career B.Job C.Performance D.Transfer E.Promotion
A
Which term refers to the proportion of total organizational resources that contribute to productivity during the manufacturing process? A.Managerial efficiency B.People-related activity C.Technical skill D.Change-related activity E.Managerial effectiveness
A
Which term refers to the basic, long-standing needs of people in need, such as water, food, and shelter? A.Social value B.Sustained regeneration C.Social entrepreneurship D.Entrepreneurial alertness E.Commercial entrepreneurship
A
Which term refers to using the assets of one company to purchase the operating assets of another company? A.Direct investing B.International trade agreement C.International profit center D.International market agreement E.International joint venture
A
Who first described the five different entrepreneurial opportunities? A.Taylor B.Schumpeter C.MacGregor D.Fayol E.Gilbreth
A
__________ exists when entrepreneurs miscalculate on the plus side the degree to which they can regulate the outcome of an opportunity. A.Illusion of control B.Entrepreneurial risk C.Downside loss D.The law of small numbers E.Exploitation
A
___________ refers to being one of few members of a group in an organization. A.Tokenism B.Reverse discrimination C.Pluralism D.Ethnocentrism E.Gender-role stereotyping
A
According to the contemporary view of management skills, which set of activities is focused on modifying organizational components such as monitoring the organization's external environment? A.Technical-related activities B.Change-related activities C.Task-related activities D.Production-related activities E.People-related activities
B
According to the text, there is a recognized trend toward increased international management, or __________. A.domestic organizations B.globalization C.repatriation D.international profit centers E.multicultural organizations
B
An environment in which differences are acknowledged, accepted, and seen as significant contributors to the entirety is known as __________. A.stereotyping B.pluralism C.a diversity divide D.ethnocentrism E.biculturalism
B
An organization has many stakeholders and specific obligations to each. What are the social obligations an organization has to its competitors? A.To repay debts B.To compete fairly and to refrain from restraints of trade C.To increase the value of the organization D.To provide safe products E.To abide by laws
B
As illustrated in the text, companies pass through six stages of multinationalization. Which stage of multinationalization is characterized by establishing sales organizations abroad? A.Stage 4 B.Stage 2 C.Stage 3 D.Stage 1 E.Stage 5
B
As organizations become increasingly global, employees of such organizations typically become more ___________. A.domestic B.diverse C.homogeneous D.ethnocentric E.narrow-minded
B
Building sustainable organizations is worthwhile for all these reasons EXCEPT __________. A.increased profit B.increased employee turnover C.increased innovation D.increased productivity E.improvement of the bottom line
B
Cheryl knows exactly what steps to take in order to turn her new cupcake idea into something her customers will pay top dollar for. She is exhibiting a high degree of which opportunity identification factor? A.Scalar patterns B.The ability to establish means-ends relationships C.Social networks D.Information asymmetry E.Entrepreneurial alertness
B
Company ABC is creating jobs and supporting youth activities by issuing grants to enable youth activities in the area where it operates. In this scenario, a social audit would measure activities taken in which specific area? A.Global area B.Community area C.Environmental area D.Responsible buying area E.Wellness area
B
Cordell Farms has decided to eliminate all pesticides from their farming and only produce organically grown fruits and vegetables. This is an example of which type of entrepreneurial opportunity? A.New product or service B.New method of production C.New method of organizing D.New geographical markets E.New uses for raw materials
B
If Company A uses its assets to purchase operating assets (e.g., a factory) of Company B, this is an example of _______________. A.exporting B.direct investing C.an international joint venture D.a license agreement E.importing
B
In the television show "Shark Tank," entrepreneurs and young companies pitch their ideas to four wealthy individuals who make a determination based on the pitch as to whether they will fund a particular idea or company. This is an example of __________. A.crowd funding B.angel investing C.exploitation D.venture capitalism E.bank financing
B
Judging the culture and customs of other groups less favorably than your own is best referred to as _______. A.prejudice B.ethnocentrism C.stereotyping D.tokenism E.discrimination
B
Organizations are categorized into four levels to describe the extent of their international involvement. Which of the following represents the third level of international involvement? A.Transnational organizations B.Multinational organizations C.International organizations D.Domestic organizations E.Global organizations
B
Roberto is concerned about how his farming operation is impacting the local environment. He wants to measure the farm's use of environmental resources. Which of the following would best fulfill this goal? A.social responsiveness B.environmental footprint C.social audit D.social responsibility E.philanthropy
B
The closer an organization comes to achieving its goals, the more ________ its managers are considered. A.ineffective B.effective C.ethical D.efficient E.inefficient
B
The final stage in the entrepreneurship process, characterized by investing in the idea to gain returns from the new product or service, is known as _______________. A.opportunity identification B.opportunity exploitation C.opportunity creation D.feasibility analysis E.opportunity evaluation
B
The trend towards increasing international management is known as ______________. A.diversity B.globalization C.expatriation D.repatriation E.sustainability
B
When an entrepreneur overestimates the extent to which she can control the outcome of an entrepreneurial opportunity, this is referred to as ___________. A.information asymmetry B.illusion of control C.law of small numbers D.entrepreneurial alertness E.the downside loss
B
When companies join forces to eliminate child labor and establish minimum wage laws in other countries, this is an example of which guideline for maintaining ethics in international management? A.Respecting local traditions B.Respecting core human rights C.Exhibiting an ethnocentric attitude D.Determining right/wrong by examining context E.Exhibiting a polycentric attitude
B
Which guideline of maintaining ethics underscores the notion that all people deserve an opportunity to achieve economic advancement and an improved standard of living? A.Determining right from wrong by examining content B.Respecting core human rights C.Determining right from wrong by examining context D.Realizing that ethical behavior in one setting is always acceptable in another E.Respecting local traditions
B
Which of the following BEST describes social responsiveness? A.Any individual or group that is directly or indirectly affected by an organization's decisions B.The degree of effectiveness and efficiency an organization displays in pursuing its social responsibilities C.The perception that the organization assigns rewards and resources fairly D.The perception that the organization's policies and practices are fair and equitable to everyone in the organization E.The managerial obligation to take action that protects and improves both the welfare of society as a whole and the interests of the organization
B
Which of the following occurs when a firm eagerly seeks to create a new product market position that competitors have not yet acknowledged? A.Sustained regeneration B.Domain definition C.Organizational rejuvenation D.Corporate entrepreneurship E.Strategic renewal
B
Which term refers to the degree to which a person or entity can meet its present needs without compromising the ability of future generations to meet their needs in the future? A.The utilitarian standard B.Sustainability C.Philanthropy D.Ethics E.Social responsiveness
B
Which term refers to the process of reaching organizational goals by working with and through people and other organizational resources? A.Task-related activities B.Management C.Conceptual skills D.Advertising E.Profit sharing
B
Willis has decided to finance his new Smoothie business by getting a loan from a financial institution. The method used to finance his business is best classified as: __________. A.strategic regeneration B.bank financing C.self-financing D.a public offering E.angel investors
B
____________ refers to a group of people in an organization who are fewer in number or who lack critical power, resources, acceptance, and social status. A.Stakeholders B.Minority group C.Shareholders D.Diversity E.Majority group
B
__________________ occurs when a firm attempts to offer a fresh competitive strategy. A.Domain definition B.Strategic renewal C.Corporate entrepreneurship D.Sustained regeneration E.Organizational rejuvenation
B
A transnational organization is also known by what other name? A.Joint venture B.Domestic organization C.Global organization D.International trade organization E.Multinational organization
C
An organization member who lives and works in a country where he or she does not have citizenship is known as a(n) ________________. A.patriate B.third-country national C.expatriate D.host-country national E.repatriate
C
General Electric (GE) is a company that has worldwide interests, has business activities across the globe, and claims no loyalty to a particular country. GE is best described as a(n) __________. A.local organization B.multinational organization C.transnational organization D.subsidiary E.domestic organization
C
Johan is creating a diversity training program for his multinational organization. Which of the following is a desirable component or theme of diversity training programs? A.Use of existing policy and procedural manuals B.Blaming people for inappropriate behaviors C.Behavioral awareness D.Build on worker assumptions E.Avoid discussing biases
C
Paula wants her acts at her workplace to be seen as ethical by the general public. When she considers whether to do an action she considers if it does the most good for the greatest number of people. This fits the ethical standard called: __________. A.sustainability B.the Virtue Standard C.the Utilitarian Standard D.the Rights Standard E.whistle-blowing
C
Smith Industries sells some of its products and buys some materials in multiple countries. However, the company is primarily based in the United Kingdom, with most of its staff and customers located there. Smith Industries is probably best characterized as a(n) __________. A.transnational organization B.multinational organization C.international organization D.virtual organization E.domestic organization
C
The "Golden Rule" approach, the culture-specific approach, and the "righting-the-wrongs" approach are all strategies to achieve effective workforce diversity through ________. A.biculturalism B.reverse discrimination C.pluralism D.ethnocentrism E.tokenism
C
Transnational organizations are also called ________ organizations. A.local B.multinational C.global D.domestic E.international
C
What are the three basic steps in conducting a social audit? A.Rewarding, measuring, and counting B.Appraising, monitoring, and rewarding C.Monitoring, measuring, and appraising D.Measuring, counting, and appraising E.Counting, appraising, and monitoring
C
Which federal agency investigates and conciliates employment discrimination complaints that are based on race, sex, or creed? A.Mining Enforcement and Safety Administration B.Occupational Safety and Health Administration C.Equal Employment Opportunity Commission D.Consumer Product Safety Commission E.Office of Federal Contract Compliance Programs
C
Which government agency's primary responsibility is to investigate and conciliate employment discrimination complaints that are based on race, sex, or creed? A.Office of Federal Contract Compliance Programs (OFCCP) B.Mining Enforcement and Safety Administration (MESA) C.Equal Employment Opportunity Commission (EEOC) D.Occupational Safety and Health Administration (OSHA) E.Environmental Protection Agency (EPA)
C
Which group is seen as a minority group in many workplaces because they do not have the critical power to shape organizational decisions and control resources and have yet to achieve full acceptance and social status? A.Gen-Xers B.Baby boomers C.Women D.Whites E.Men
C
Which management function involves assigning tasks to various individuals or groups within the organization? A.Influencing B.Controlling C.Organizing D.Leading E.Planning
C
Which of the following is NOT a way in which opportunities arise? A.From the discovery of new methods of production B.From the discovery of new geographical markets C.From bringing plans to execution D.From the creation or discovery of new raw materials E.From the creation of new products or services
C
Which term describes a manager who is committed to building an organization's local community and environment as a vital part of managing? A.Shareholder B.Stakeholder C.Good corporate citizen D.Whistle-blower E.Philanthropist
C
Which term refers to characteristics of individuals that shape their identities and the experiences they have in society? A.Discrimination B.Pluralism C.Diversity D.Stereotype E.Prejudice
C
Which term refers to the capacity to reflect on values in the corporate decision-making process, to determine how these values and decisions affect various stakeholder groups? A.The rights standard B.Social responsiveness C.Ethics D.The utilitarian standard E.Philanthropy
C
_______ skills build cooperation within the team being led. A.Conceptual B.Decision-making C.Human D.Technical E.Strategic management
C
_____________ refers to dependence on small samples of information to guide an individual's decisions. A.Domain definition B.Downside loss C.The law of small numbers D.Entrepreneurial risk E.Feasibility analysis
C
_______________ takes place when firms establish new cultures, processes, or structures to encourage new product innovations in current markets as well as introduce existing products into new markets. A.Organizational rejuvenation B.Corporate entrepreneurship C.Sustained regeneration D.Domain definition E.Strategic renewal
C
A minority group could BEST be described by which of the following? A.The group of people who work together in a unit B.The characteristics of individuals that shape their identities and the experiences they have in society C.The statistical characteristics of a population D.The group of people in the organization who are fewer or who lack critical power, resources, acceptance, and social status E.The group of people in the organization who hold most of the positions that command decision-making power, control of resources and information, and access to system rewards
D
According to the text, in 2015, U.S. foreign investments focused most heavily in ________, and this trend is expected to continue. A.India and China B.Germany and Mexico C.Japan and Taiwan D.Europe and Latin America/Western Hemisphere E.Asia and Australia
D
An organization member who is a citizen of one country and works in another country for an organization headquartered in still another country is known as a(n) ________. A.host-country national B.patriate C.expatriate D.third-country national E.repatriate
D
Approximately what percentage of new businesses is started by groups of entrepreneurs working together? A.50 percent B.25 percent C.15 percent D.75 percent E.60 percent
D
Individuals at which career stage are generally about 15 to 25 years old and are involved in some type of formal training, such as college or vocational education? A.Conceptual B.Establishment C.Maintenance D.Exploration E.Decline
D
Jorge has an idea for a new dishwasher that cleans dishes faster than those currently on the market. He has a management team that has significant experience and success in the industry. He also has stakeholders such as investors and suppliers that are willing to take part in the business. What is the third major factor on deciding to exploit an opportunity he still takes into account? A.are there government incentives for production B.how high will advertising costs be C.is there an existing company to pair with D.will customers value the new product E.will there be enough press coverage of the product
D
Morgan saw that one technology company had all their employees go on a vacation together and it seemed to be successful. Based on that observation she has decided to implement it across her industrial factory with 500 workers. This is an example of: __________. A.an entrepreneurial opportunity B.entrepreneurial alertness C.feasibility analysis D.the law of small numbers E.information asymmetry
D
Of the following, what is considered to be an organizational challenge related to managing a diverse workforce? A.Open communication with management about diversity issues B.Organizational rewards for managers who implement organizational diversity goals C.Educational programs D.Ethnocentrism E.Peer support
D
Promoting the welfare of others through generous monetary donations to social causes is known as _______. A.a social audit B.ethics C.social responsibility D.philanthropy E.sustainability
D
Robert owns a shoe company that is changing its use of leather in its shoes to a new industrial material, since it will make the shoes more comfortable and cheaper to produce. This is an example of which type of entrepreneurial opportunity? A.New product or service B.New method of production C.New method of organizing D.New uses for raw materials E.New geographical markets
D
The degree to which a person or entity can meet its present needs without compromising the ability of other people or entities to meet their needs in the future is referred to as ________. A.a social audit B.social responsiveness C.philanthropy D.sustainability E.the triple bottom line
D
The success of social entrepreneurs is largely influenced by three factors: their networks of relationships, the public's acceptance of the new venture, and __________. A.the accessibility of raw materials B.a belief in the capability of their management team C.the ability to create more jobs D.the entrepreneur's capital base E.the health of the economy
D
The third stage in career evolution is the _______ stage. A.exploration B.decline C.conceptual D.maintenance E.establishment
D
The _______________ is an international market agreement established in 1994 dedicated to facilitating trade among member nations such as Denmark, the United Kingdom, and Portugal. A.WTO B.North American Free Trade Agreement C.Asia-Pacific Economic Cooperation D.European Union E.APEC
D
The identification, evaluation, and exploitation of opportunities is known as _______________. A.strategic renewal B.feasibility analysis C.scientific management D.entrepreneurship E.organizational rejuvenation
D
What is the primary difference between commercial and social entrepreneurship? A.The entrepreneur's illusion of control B.International reaches of the entrepreneurial venture C.Government support of the entrepreneurship D.The entrepreneur's mission E.The entrepreneur's strategic renewal
D
Which evolutionary stage of a career occurs at the beginning of a career and is characterized by self-analysis and the exploration of different types of available jobs? A.Decline B.Maintenance C.Establishment D.Exploration E.Growth
D
Which of the following considers the entire world as its business arena? A.Domestic organization B.International joint venture C.International organization D.Transnational organization E.Multinational corporation
D
Which of the following is LEAST likely to be an advantage associated with a diverse workforce? A.Cost savings B.Increased productivity C.A more innovative workforce D.Technological advancement E.Better quality of managers
D
Which of the following is a learning process designed to raise managers' awareness and competencies in dealing with the issues endemic to managing a diverse workforce? A.Pluralism B.Reverse discrimination C.Bicultural training D.Diversity training E.Tokenism
D
Which of the following is the BEST description of a domestic organization? A.An organization that is based primarily within a single country but has continuing, meaningful international transactions in other countries B.A company that uses the assets of one company to purchase the operating assets of another company in a foreign country C.A company investing in international operations D.An organization that essentially operates within a single country E.A company that has significant operations in more than one country
D
Which of the following represents various patterns of social relationships of individuals? A.Information asymmetry B.Entrepreneurial alertness C.Social value D.Social networks E.Entrepreneurial risk
D
Which of the following were by far the most significant foreign investors in the United States in 2015? A.Asian countries B.African countries C.India and China D.European countries E.Australia and Japan
D
Which of these involves improving a firm's ability to implement strategies and focus on new processes rather than new products? A.Sustained regeneration B.Strategic renewal C.Corporate entrepreneurship D.Organizational rejuvenation E.Domain definition
D
Which term describes the people born between 1965 and 1980 who make up 27% of the adult population? A.Silent generation B.Baby boomers C.Generation Y D.Generation X E.Millennial generation
D
Which term describes when individuals differ in terms of the information to which they have access? A.Entrepreneurial risk B.Storming C.Downside loss D.Information asymmetry E.Entrepreneurial alertness
D
Seo-yun is the CEO of a manufacturing company who believes his company needs to change its internal processes such as policies and procedures to help it succeed, keeping products the same. This is an example of: __________. A.commercial entrepreneurship B.feasibility analysis C.domain definition D.organizational rejuvenation E.strategic renewal
D
_______ activities are management efforts aimed at modifying organizational components. A.People-related B.Technical C.Task-related D.Change-related E.Universal
D
A manager with _______ skills is able to understand how various functions of the organization complement one another, how the organization relates to its environment, and how changes in one part of the organization affect the rest of the organization. A.human B.influencing C.communication D.technical E.conceptual
E
A(n) _____________ organization is an organization that has the ability to meet its present needs without compromising the ability of future generations to meet their needs. A.ethical B.diverse C.transparent D.utilitarian E.sustainable
E
An organization that acknowledges differences, accepts them, and sees them as significant contributors to the whole has an environment that promotes _____________. A.prejudice B.social responsibility C.stereotypes D.ethnocentrism E.pluralism
E
An individual's ability to notice and be sensitive to new information about objects, incidents, and patterns of behavior in the environment is referred to as __________. A.information asymmetry B.feasibility analysis C.scalar patterns D.establishing means-ends relationships E.entrepreneurial alertness
E
Ethics is defined as which of the following? A.The process of measuring the present social responsibility activities of an organization to assess its performance in this area B.The sustainability gauge for organizational performance C.The degree to which a person or entity can meet its present needs without compromising the ability of other people or entities to meet their needs in the future D.The act of an employee reporting suspected misconduct or corruption believed to exist within an organization E.The capacity to reflect on values in the corporate decision-making process, determine how these values and decisions affect stakeholders, and establish how managers can apply these observations
E
Exposure to diverse colleagues that help managers develop breadth and openness would BEST describe which advantage of diversity? A.Gaining and keeping market share B.Cost savings C.Increased productivity D.An innovative workforce E.Better quality of management
E
Hudson Institute advocates promote diversity through six strategies. Which of the following is NOT one of these strategies? A.Reconciling the conflicting needs of women, work, and families B.Stimulating balanced world growth C.Maintaining the dynamism of an aging workforce D.Improving the education and skills of all workers E.Reducing productivity increases in service industries
E
In the first stage of managing a diverse workforce, managers are unaware of behaviors they engage in that are problematic for members of other groups. This stage is known as _______. A.avoidance B.unconscious competence C.conscious incompetence D.consciously competent E.unconscious incompetence
E
Janet thinks that diversity helps workers at her organization to work at higher levels of production. Which advantage of diversity does this describe? A.Employees who have internalized the message that "different" does not mean "less than" B.An innovative workforce C.A workforce that is more resilient when faced with change D.Better quality of management E.Increased productivity and innovation
E
Manny is considering starting an entrepreneurial business in manufacturing with an entrepreneurial team. Which of the following is TRUE about entrepreneurial businesses that have entrepreneurial teams? A.They tend to be in the manufacturing industry B.They tend to have higher turnover C.They tend to be a person's first entrepreneurial venture D.They are likely to last at least 10 years E.They tend to perform better than businesses started by a single entrepreneur
E
Max is expanding his company into a new country where people are generally fine with leaders who have a high degree of control over subordinates and leaders act in an autocratic way. It is likely the country is high in the cultural dimension of: __________. A.individualism B.uncertainty avoidance C.long-term orientation D.masculinity E.power distance
E
Organizations that are based primarily within a single country but have continuing, meaningful international transactions in other countries are called ______. A.third-country nationals B.multinational corporations C.domestic organizations D.host-country organizations E.international organizations
E
Robert needs capital to grow his chain of health clubs. He has contacted a firm that raises money from investors, hoping they will invest in his planned expansion. Robert is using __________ to fund his business. A.angel investors B.stakeholders C.bank financing D.a conglomerate E.venture capitalists
E
Several factors help entrepreneurs decide whether they should exploit an opportunity. Those factors include believing customers will value the new idea, perceiving that key stakeholders support the idea, and believing that __________. A.they will be able to create more jobs B.they have the capital to invest C.raw materials are available for a low cost D.the economy is strong E.they have a capable management team
E
U.S. investment in foreign countries and investment by foreign countries in the U.S. is expected to do which of the following? A.Decrease by 20% by 2020 B.Continue growing until 2020 then decrease C.Slow down then increase after 2020 D.Remain stable E.Continue growing with slowdowns during recessions
E
Which of the following describes a process that pairs a senior employee and a junior employee for the purpose of transferring work skills from the junior to the more senior employee? A.Mentoring B.Pluralism C.Tokenism D.Stereotyping E.Reverse mentoring
E
Which of the following is NOT a guideline that helps managers ensure that management action taken across national borders is ethical? A.Respecting core human rights B.Respecting local traditions C.Realizing that all people have the right to be treated with respect D.Determining right from wrong by examining context E.Realizing that ethical behavior in one setting is always acceptable in another
E
Which of the following is a learning process designed to raise managers' awareness and develop their competencies to deal with the issues endemic to managing a diverse workforce? A.Affirmative action B.Social audit C.Pluralism D.Ethnocentrism E.Diversity training
E
Which of the following refers to understanding how to turn a new technology into a product or service that will be desired by consumers? A.Entrepreneurial alertness B.Social value C.Social networks D.Information asymmetry E.Identification of means-ends relationships
E
Which of the following represents the first stage of the entrepreneurship process? A.Opportunity exploitation B.Entrepreneurial alertness C.Opportunity evaluation D.Opportunity asymmetry E.Opportunity identification
E
Which of the following represents the maximum level of international activity as depicted on the continuum of international involvement? A.Multinational corporations B.Parent companies C.International corporations D.Domestic organizations E.Transnational organizations
E
Which statement best summarizes how managers influence organizations? A.Managers impact only the initial stage of organizational development. B.Managers do not impact the modern organization. C.Managers influence the organization only when cutbacks are needed. D.It depends on the organization. E.Managers influence all phases of the modern organization.
E
Which term describes an individual that is directly or indirectly affected by an organization's decisions? A.Good corporate citizen B.Philanthropist C.Utilitarian D.Whistle-blower E.Stakeholder
E
Which term describes an organizational member who lives and works in a country where he or she does not have citizenship? A.A host-country national B.A third-country national C.An import D.An export E.An expatriate
E
Which term describes promoting the welfare of others through generous monetary donations to social causes? A.Social responsiveness B.Social responsibility C.Ethics D.Triple bottom line E.Philanthropy
E
Which term describes the degree of effectiveness and efficiency an organization displays in pursuing its social responsibilities? A.Shareholder responsibility B.Ethics C.Philanthropy D.Sustainability E.Social responsiveness
E
Which term describes the managerial obligation to take action that protects and improves both the welfare of society as a whole and the interests of the organization? A.Sustainability B.Social responsiveness C.Philanthropy D.Ethics E.Social responsibility
E
Which term emphasizes that managers should focus on building organizations that are sustainable in economic, environmental, and societal activities? A.Virtue standard B.Code of ethics C.Rights standard D.Utilitarian standard E.Triple bottom line
E
Which term refers to a company that has significant operations in more than one country? A.Transnational organization B.Domestic organization C.International organization D.Global organization E.Multinational corporation
E
Which term refers to an employee who reports potential misconduct or corruption within an organization? A.Philanthropist B.Stakeholder C.Shareholder D.Good corporate citizen E.Whistle-blower
E
Which term refers to firms that raise money from investors and then use the money to make investments in new firms? A.Crowd funding organizations B.Angel investors C.Speculators D.Vulture capitalists E.Venture capitalists
E
Which term refers to the characteristics of individuals that shape their identities and the experiences they have in society? A.Ethics B.Affirmative action C.Equal employment opportunity D.Sustainability E.Diversity
E
Work groups that can draw on the contributions of _____________ gain the advantage of a larger pool of information and a richer array of approaches to work problems. A.gender-role stereotyped members B.token members C.ethnocentric members D.majority groups E.multicultural members
E
Young Industries has a diversity approach where they expect all organizational members to fit with their existing organizational culture. This approach to workplace diversity is classified as: __________. A.Multicultural approach B.Culture-specific approach C."Righting-the-wrongs" approach D."Golden Rule" approach E.Assimilation approach
E
Yuan is currently looking for information on the recent productivity of his work group. Which management function is he involved with? A.Planning B.Effecting C.Organizing D.Influencing E.Controlling
E
Essentially, the role of managers is to ________. A.hire as many employees as possible to have high job creation B.focus on creating an organizational culture that employees can follow C.manage problems and resolve crisis situations D.do good for the society at large E.guide organizations toward goal accomplishment
E
Robin, originally from the U.S., had been working in South Africa for 3 years. She is now returning to the United States. This would make her a(n): __________. A.host-country national B.expatriate C.third-country national D.domestic worker E.repatriate
E
_______ skills involve the ability to apply specialized knowledge and expertise to work-related techniques and procedures. A.Communication B.Influencing C.Human D.Conceptual E.Technical
E
