BCOR 330

Adam Smith's Invisible Hand theory proposes that

A free, unregulated market operates better than one in which the government controls the business activities of individuals and companies.

According to Adam Smith, which three of the following can increase the efficiency of labor? Select all that apply A) Having workers specialize in a single, simple task B)Passing legislation that dictates what can be bought and sold C)Reducing the distance between manufacturing steps or facilities D)Inventing machines to multiply the productivity of workers

A,C,D

How have management information systems (MIS) changed the management of organizations? Select all that apply A)Managers in all departments have replaced the information technology (IT) department in most organizations. B)Managers (and employees) can communicate different types of information in a greater variety of ways. C)Managers can trust that all employees have read the workplace policies and understand their role in the organization. D)Managers can have more information and data about the organization to help them make smarter decisions.

B) Managers (and employees) can communicate different types of information in a greater variety of ways. D)Managers can have more information and data about the organization to help them make smarter decisions.

Which three of the following ideas did Henri Fayol consider to be a guiding principle of management? Select all that apply A) There must be at least one person assisting every manager, under their direct command. B) Managers must have the power and the right to give orders to subordinates. C)The organization's interests must take priority over the interests of individuals. D)Managers can expect subordinates to follow orders and discipline them if needed. E)Organizational objectives require all department managers to lead together, collaboratively.

B,C,D

How do managers use personal computers for their business needs? select all that apply A)Managing database operations B)Creating and using databases and spreadsheets C)Keeping internal communication confidential D)Communicating via email

B,D

Management information systems (MIS) for communication have

Continued to improve and become more widely used each year

How does John Locke's labor theory of property relate to modern management theory?

It explains what motivates people to work: desire to become personally wealthier

Who is quoted as saying "Do what you do best and outsource the rest"?

Peter Drucker

Frederick Taylor's four principles of scientific management can be described as

Task measurement, employee development, worker-manager collaboration, and management training

According to the Hawthorne effect, when do employees become more productive?

When they know their work is being monitored

Which of the following statements best describes Follett's theory of management?

receptivity to the flow of ideas from all levels of the organization leads to success

Max Weber believed that organizations were best supported by which of the following strategies?

The use of rules and organizational regulations

Which three of the following scenarios depict an employment situation that Elton Mayo believed would result in an employee becoming more engaged and productive? Select all that aply A)A sales tracking report at a furniture store shows how each salesperson's daily sales help the store reach its quarterly quota. B)At a software company, project managers working on bringing new products to the market receive monthly updates on how past products are selling and helping the company achieve its goals. C)Managers at a software company have weekly meetings with their customer service staff. As a regular part of the agenda, managers report the number of customers who continued to use their product after the customer service department helped with a software malfunction or error. D)An administrative assistant schedules her boss's meetings and business trips, and manages all incoming and outgoing correspondence for her depa

A,B,C

Select three circumstances that describe when one might use mainframe computers. Select all that apply A) A company with off-site employees who need access to company files B)An airline taking reservations C)A company seeking better operational efficiency D) A warehouse restocking a recently published book

C,D

According the Max Weber, which of the following characteristics are fundamental to capitalism? Select all that apply A) Individual ownership of labor outcomes B)Charity C)Ethical behavior D)Increased efficiency of labor E)Personal responsibility

Charity, Ethical Behavior, Personal responsibility

In his text,"The Human Side of Enterprise,"Douglas McGregor focused on

Manager attitudes toward their employees

According to Mary Parker Follett, a successful business depends on

Competence and expertise