Management MidTerm

Business plan

A __________ is a formal written statement that describes in detail the idea for a new business and how it will be carried out.

Entrepreneur

A person who takes the risk of starting and managing a business to make a profit is called a(n):

Power distance

According to Hofstede, the degree to which members of a society accept differences in power and authority refers to which of these?

36; 16; 9

According to Mintzberg, managers averaged ____ written and ____ verbal contracts per day with most of these activities lasting less than ____ minutes.

The willingness to be a follower rather than a leader

All of the following are characteristics of an entrepreneurial personality EXCEPT:

Spokesperson

Amani is the newly hired manager at MyCoffee, a global coffee roasting company. As part of her responsibilities, Amani often gives interviews to media outlets and speeches to community organizations. Amani is playing the role of a:

Owns and operates

An entrepreneur is a person who __________________ a business.

Entrepreneur

Andy Yocom saw prime advertising space on the flags on the golf course. He reasoned that any marketing messages would get prominent attention if they were placed on the flags since golfers focus on then when they take their shots. As a result, Yocom used his own initiative and money to start Invision Golf Group Inc. Yocom is an example of a(n):

Liaison

As a division manager at KB Foods (KBF), Michelle maintains information links both inside and outside KBF. According to Mintzberg, this represents the _________ role.

Disturbance handler

As a production manager, Sylvia just received the report that the product output is 20% below the projected target. She immediately takes the corrective actions to remedy the crisis. Sylvia is engaging in the role of a:

Figurehead

As the Chief Executive Officer (CEO) of Organic Foods International, Rebecca signs major contracts with various food suppliers as well as many legal documents. Rebecca is playing the role of a:

Nonprogrammed decision

Buying a house can be describes as which of these?

All of the above

Hannah Li wants to quit her job as a legal secretary and start her own small business. She knows that she will be successful if she can find the right idea. Where can Li look for ideas for her new business?

Entrepreneur

In the role of ________________, managers seek to improve their business, adapt to changing market conditions, and react to opportunities as they present themselves.

Accurately described by all of the above

Intrapreneurs are:

E-commerce

James is the owner of a small toy manufacturing company. James primarily focuses on buying and selling products using the internet. which of the following best describes James' business practice?

Leader

James is the production manager at a large toy manufacturing company. James believes that one of his critical roles is to train, counsel, motivate, and direct his subordinates. This represents which role, according to Mintzberg?

Entrepreneur

Jon P. Farmer is the founder of Kolopua Hawaii LLC, a company that markets Pure Hawaiian Air. Bottles of Pure Hawaiian Air contain air that smells like the floral bouquet that greets tourists as they get off the plane in Hawaii. Retailing for about $5 a piece, the bottles are sold at gift shops in Hawaii, as well as to travel agents nationwide who give them to clients. As a(n) _________, Farmer's annual income exceeds $100,000 annually.

Intrapreneur

Lachlan Stuart is employed by International Paper, a company that values his vision and creativity. To stay ahead in a very competitive industry, International Paper gives Stuart and his division almost complete autonomy to develop innovative and effective communications. Stuart is an example of a(n):

Teachers, custodians, administrators, law enforcement officers, and students

List 5 stakeholders at Goffstown High School

Multipreneurs

Many classic entrepreneurs are ______________ who start small and plan to keep their businesses small.

Choose a form of business organization

Mark Ghermizian had quit his job and was looking to start a small business so he could be his own boss. When he read that people spend up to fifteen minutes every day staring at a bathroom stall door, he decided he would find advertisers who wanted to pay to have their advertising messages on bathroom stall doors. Since he has his idea, Ghermizian's next step is to:

Empathy

Michael is known for his ability to understand other peoples' emotions and he has a genuine interest in doing so. Michael can be rated high on which of these elements?

Find the idea for his business

Once Arnold Patel had decided he wanted to quit working as a Web designer for a large advertising agency and go into some kind of business for himself, he did a self-assessment, which indicated that he had an entrepreneurial spirit. His next step will be to:

Programmed decision

Ordering office supplies can be described as which of these?

Increased productivity if there are too few workers

Poor decision making by lower-level managers can lead to any of the following adverse outcomes EXCEPT:

With others

Studies have shown successful general managers spend most of their time:

Accept the status quo and take a short-term view of the future

The difference between small business owners and entrepreneurs is that small business owners:

Conversational

The interactive nature of management means that most management work is:

Immigration

The movement of people from their home country to other countries refers to:

Ethics

The study of what is right and wrong is:

Globalization

The worldwide phenomenon whereby the countries of the world are becoming more interconnected and where trade barriers are disappearing refers to

environmental complexity and environmental change

Two dimensions of environment-iindustry-organization fit model are:

Tariffs

What are taxes that are added to the price of imported international products?

Classic, multi, and intra

What are the three categories of entrepreneurs?

Physiological needs

What is the 1st level of Maslow's Hierarchy of Needs?

Safety needs

What is the 2nd level of Maslow's Hierarchy of Needs?

Social needs

What is the 3rd level of Maslow's Hierarchy of Needs?

Esteem needs

What is the 4th level of Maslow's Hierarchy of Needs?

Self-actualization

What is the 5th level of Maslow's Hierarchy of Needs?

Decision making

What is the action or process of thinking through possible options and selecting one?

Classic

When Art Baer read that Singapore would lift its ban on chewing gum, he thought to himself, "There has to be a market there." Baer, 26, knew if he was going to move beyond the daydreaming stage, he had to move fast. After investing $20,000 of his own money into developing a product he called Impress Gum, Baer quit his job, flew to Singapore, talked to the right people in the government, lined up a manufacturer, and hires a marketing firm to promote his gum, which fights tooth decay. Baer is an example of a(n) ____________ entrepreneur.

Negotiator

When Elizabeth is representing the management side and is dealing with union representatives and labor agreements and settling terms of employees contracts and salary increases, Elizabeth is engaging in the role of a:

Disseminator

When Olamede, the marketing department chair, passes information to his facility and staff about new policies through memos and emails, he is acting as a:

Monitor

When Samantha, manager at ABC international, seeks and receives information from both web and industry journals, she is acting as a:

WTO

Which is the only true global organization that deals with the rules of trade around the world?

Globalization

Which of the following describe the government policies through which countries agree to eliminate cross-border barriers to trade and to promote global integration?

Trade agreements

Which of the following describe the government policies through which countries agree to eliminate cross-broder barriers to trade and to promote global integration?

Heuristics

Which of the following is NOT an element of emotional intelligence?

Ambitious

Which of the following is a characteristic of the entrepreneurial personality?

Taxation

Which of the following is an element of government and political forces?

Health, food, and stress

Which of the following is an element of natural disaster and human induced environmental problems?

Ethics

Which of the following is an element of sociocultural forces?

New production forces

Which of the following is an element of technological forces?

Self-productive

Which of the following leadership profiles describes the degree to which the leader is self-centered and uses a face-saving approach?

Sociocultural

Which of these environmental forces include different generations' values, beliefs, attitudes, customs and traditions, habits, and lifestyles?

Biodiversity

Which of these is NOT a general sociocultural trend occurring in the United States and internationally that affect organizations?

Programmed

Which term best describes decisions that are repeated over time and for which an existing set of rules can be developed to guide the process?

Heuristics

Which term best describes mental shortcuts?

Stakeholders

Which term best describes the individuals or groups that are affected by an organization?

Culture

Which term defines the collective programming of the mind which distinguishes the member of one group or category of people from another?

Expatriate

Which term describes a foreign employee who moves and works in another country for an extended period of time?

Individualism

Which term insights from an understanding of culture may not necessarily coincide with reality in that culture?

Self-awareness and self-regulation

Which two elements in emotional intelligence represent toggling back and forth between emotions and logic so that we analyze and understand our own emotions and then exert the necessary control to manage them as appropriate for the situation?

Cultural stereotyping

__________ occurs when one assumes that all people within a culture act, think, and behave the same way.

Intrapreneur

____________ are entrepreneurs who apply their creativity, vision, and rick taking within a large corporation rather than starting a company of their own.

Emotional intelligence

_________________ is the ability to recognize, understand, pay attention to, and manage one's one's emotions and the emotions of others.

Ethics and morals

_________________ refer to our beliefs about what is right vs wrong, good vs evil, virtuous vs corrupt.