AESHM 287 Midterm

Which of the following is NOT a trend predicted by the 2018 annual Global Risks Perception Survey (GRPS) in the external environment?

Denuclearization

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

Health, food, stress

Buying a house can be described as which of these?

Heuristic-driven decision

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

environmental complexity and environmental change

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

expatriate

According to the video, which does PESTEL help you analyze?

external environment

According to the Company Industry Fit model, soft drink bottlers, chemical, and insurance companies would fit and align more effectively in a stable (i.e., relative unchanging), simple, and low-uncertainty (i.e., has mostly similar elements) external environment—cell 1.

false

Examples of low-rigor training include classroom language training, case studies, and sensitivity training.

false

In societies with low power distance, people are more likely to accept that power inequality is good and acceptable.

false

Rivalry is weakest within a strategic group, and the actions of one firm in a group generally does not elicit responses from other group members, as market share in the industry is rarely affected.

false

The SMART framework can be applied to business or personal goals. A good goal should be specific, measurable, applicable, rewarded, and time-bound.

false

The first multinational corporations were located in Egypt but had branches across Middle East.

false

Once the business plan is finished, the next step is to:

find financing for the business

A ______ strategy involves developing plans to increase the size of the firm in terms of revenue, market share, or geographic reach.

growth

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

increased productivity if there are too few workers.

According to the article, which of the following will likely have the most negative view of employees?

theory X

In the video, they mentioned the idea of your colleagues trying to compete with you for the same projects or promotions. You should categorize this as which of the following?

threat

Which of these is an expression of what a business's founders want that business to accomplish?

vision statement

According to the video, this helps you assign the comparable importance of each of the PESTEL components.

weighted averages

The mission statement takes the ____ of a vision statement and gives a broad description of _____ the firm will try to make its vision a reality.

why; how

Which of the following profile of an organization emphasizes creating, innovating, visioning the future, managing change, risk-taking, rule breaking, experimentation, entrepreneurship, and uncertainty?

Adhocracy Culture

Why should making it to work on time be one of your top priorities?

Being late for work will give a bad impression to our colleagues.

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

Biodiversity is being lost at mass-extinction rates and pollution of the air and sea has become an increasingly pressing threat to human health.

Which of the following term illustrate that decision making process is limited with incomplete information as well as our capacity to process all the information?

Bounded rationality

________ is a process of generating as many solutions or options as possible.

Brainstorming

According to the article, which theory built on Taylor's theory and argued that chains of command and standardization are important?

Bureaucratic Management Theory

According to Weber, which type of leadership consisted of familial and religious?

Charismatic domination

What is meant by "dress appropriately" at work?

Clothing should be neat, clean, and follow the company's dress code.

Which skills for managers include the ability to see the organization as a whole and to understand how various parts fit together to work as an integrated unit?

Conceptual

Which of the following are at the top of the hierarchy and are responsible for the entire organization, especially its strategic direction?

Executive managers

Businesses close down for many reasons. Which of the following is NOT a typical reason for a business failure?

Expenses were lower than the owner expected.

Which of the following supervise rank-and-file employees and carry out day-to-day activities within departments?

First-line managers

Who is known as the father of scientific management?

Frederick Taylor

According to the article, which of the following is NOT listed as someone to talk to about a company's reputation?

Government Authorities

How does H&M ensure that all the factories are following their code of conduct?

H&M regularly audits all the factories to assess their level of compliance.

According to the video from Christie's, why was Renaissance mathematician Luca Pacioli important to the history of management?

He created the double-entry booking system

According to Hofstede, which of the following is an implication of high collectivism?

Hiring and promotion takes in-group into consideration

According to the authors of the 2018 annual Global Risks Perception Survey (GRPS), which of the following category suggests that organizations must be part of and aware of their contexts: geographically and the health of "individuals, families, neighborhoods, cities, provinces, and countries" that are affected as well as rely on their social cohesion?

Integrative resilience

According to the article, why was the industrial revolution important to modern management?

It allowed companies to grow larger

Which task is also referred to as the "integrating" function of the manager?

Motivating and communicating with employees.

Which dimension of cultural intelligence reflects the ability and desire to continuously learn new aspects of cultures and adapt to them?

Motivational dimension

In the GLOBE project, Denmark and Finland are part of which country clusters?

Nordic Europe

According to the video, which part of the business plan explains your company's goals, objectives, timeline, and procedures?

Operational plan

According to the article, which CEOs mission statement indicates the importance of having fun in life?

Richard Branson

According to the video, what is step 5 in a business plan?

SWOT Analysis

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?

Self-awareness and self-regulation

What are the five basic tasks of a manager as suggested by Mr. Drucker?

Sets objectives, organizes, motivates and communicates, measures, and develops people

________ intentionally takes on the role of critic.

The devil's advocate

Which is true about the educational program offered by GAP in India?

The program provides technical training that workers need to advance at work and in life

Why was Amazon Go being criticized as "the next major job killer" by the New York Post?

Their business strategy could potentially eliminate the check-out positions across the retail industry

According to the article, why did McDonald's have a relatively more difficult time in China?

They weren't as aggressive at adapting their dishes for the Chinese consumer

Which country was the top recipient of FDI in 2016?

USA

According to the video, what is the most interesting part about the Amazon Go business strategy?

Using computer system automated technology, consumers can buy items without waiting in line to check-out.

Which of the following is a characteristic of an organic organizational structure?

Wide span of control

Jeff Arnold and Reggie Bradford created WebMD, an Internet provider of health care information. Early in the development of this high-growth company, Arnold and Bradford attracted a group of investors who provided them with money needed to acquire other Internet companies with similar missions. The investment group is called:

angel investors

Intrapreneurs:

are accurately described by all of the above

Which of the following is NOT one of the advantages of owning a small business?

avoidance of taxes

All of the following are examples of disadvantages associated with the ownership of a small business EXCEPT:

being your own boss

According to the BCG Matrix, business units that have high market share but are in a market that is not growing are called ______.

cash cows

When he read Chicken Soup From the Soul, Joe Farmer was struck by how many of the stories mentioned the scent of the islands. So Farmer created bottles filled with Hawaiian air and some scented essence beads. When customers shake the bottles up and open the lids, they're transported back to paradise. While many marketing experts did not think that consumers would buy bottles of air, Farmer has earned more than half a million dollars of sale during his first year of operation. Farmer was an example of a _____ entrepreneur.

classic

Which dimension of cultural intelligence focuses on the individual's knowledge of values and practices inherent in the new culture acquired through education and personal experiences?

cognitive dimension

According to the video, which of the following is the idea that you are responsible for a society as a whole?

collectivism

When an organization defines itself and its niche in an environment by the choice of what sector or field of the environment it will use its technology, products, and services to compete in and serve, it is describing its ______.

domain

In societies with high _______ scores, individuals are valued for their achievements and are rewarded and recognized for such achievements.

individualism

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

individualism

While monitor is a type of _______ role, negotiator is a(n) ______ role.

informational; decisional

Which of the following represents the level of strategy concerned with the large-scale actions involved in entering a brand-new geographic market?

international strategy

The key statement of the contingency school is

it depends.

According to the article, what is the current trend of American companies in China?

market share is decreasing

______ organizational structures are best suited for environments that range from stable and simple to low-moderate uncertainty.

mechanistic

When Elizabeth is representing 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

negotiator

"O" in VRIO refers to which of these?

organization

Angel investors:

provide funding for start-up businesses

Which of the following is a reason why small business thrives in the United States?

rapidly changing technology

While ________ are things a firm has to work with, such as equipment, facilities, raw materials, employees, and cash, _____ are things a firm can do, such as deliver good customer service or develop innovative products to create value.

resources; capabilities

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

sociocultural

A deliberate reduction of productivity on the part of the worker is called

soldiering

"S" in SMART Framework refers to which of these?

specific

Which of these is the process of planning and implementing actions that will lead to success in competition?

strategy

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

taxation

Demographics includes facts about income, education levels, age groups, and the ethnic and racial composition of a population.

true

Exporting is one of the easiest ways to go international.

true

Micropreneurs are entrepreneurs who start small and plan to stay small.

true

Overall, while economic data indicates that globalization has had a positive effect on the world economy, a dark side also shows that two-thirds of all households in 25 advanced-economy countries had incomes stagnate and/or decline between 2005 and 2014.

true

The most common use of a business plan is to persuade lenders and investors to finance the venture.

true

To react to change more easily and develop products consumers want, managers and consultants engage in environmental scanning.

true

Whereas in cell 4 of the Company Industry Fit model, an environment characterized by a high degree of uncertainty with complex and unstable elements, industries and firms such as computer, aerospace, airlines, and telecommunications firms would operate more effectively.

true

According to the video, a culture that tries to minimize risk and have strong control of their future are representative of this idea.

uncertainty avoidance

_____ is financing obtained from investment firms that specialize in financing small, high-growth companies and receive an ownership interest and a voice in management in return for their money.

venture capital