quiz 1 BUS 231

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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


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