quiz 1 BUS 231
according to Douglas McGregor, theory x and theory y provide two opposing views of workers, where theory x recognizes that workers enjoy achievement and responsibility, while theory y recognizes that workers will avoid work whenever possible
FALSE
companies in quadrant D put high emphasis on both culture and solid business performance as drivers of organizational success
FALSE
efficiency refers to the degree to which the organization achieves a stated objective
FALSE
fifteen member states of the EU have adopted the rupee, as a single European currency
FALSE
market risk is defined as the risk of loss of assets, earning power, or managerial control dude to politically based events or actions by host governments
FALSE
the Hawthorne studies resulted in the movement towards scientific management
FALSE
a joint venture involves a strategic alliance or program by two or more organizations
TRUE
a results-oriented culture that values competitiveness, aggressiveness, personal initiative, and willingness to work long and hard to achieve results is called the achievement culture
TRUE
an MNC is managed as an integrated worldwide business system
TRUE
becoming a successful manager means thinking in terms of building teams and networks, becoming a motivator and organizer within a highly interdependent system of people and work
TRUE
business has become a unified, global field as trade barriers fall, communication becomes faster and cheaper, and consumer tastes converge
TRUE
business tends to be more personal in china
TRUE
current employees, management, and especially corporate culture are part of an organization's internal environment
TRUE
in today's turbulent and hypercompetitive environment, managers must help their companies innovate more than ever
TRUE
one of the biggest mistakes during turbulent times is managers' failure to comprehend and adapt to the rapid pace of the change in the world around them
TRUE
the goal of the European Union is to create a powerful single market system for Europe's millions of consumers
TRUE
the international dimension of the external environment represents events originating in foreign countries as well as opportunities for U.S. companies in other countries
TRUE
the ultimate responsibility of managers is to achieve high performance by balancing efficiency and effectiveness
TRUE
when a company builds a subsidiary from scratch in a foreign country from scratch it is called a greenfield venture
TRUE
when an organization pays little attention to cultural values and instead focuses on business results, success will be difficult to sustain in the long run
TRUE
