Management 3000w Final

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

Denuclearization

According to Hofstede, which of the following is an implication of low power distance?

Dispersed authority

________ structures are, in effect, many functional departments grouped under a division head.

Divisional structure

Which of these refers to our choices and decision-making processes and our moral principles and values that govern our behaviors regarding what is right and wrong?

Ethics

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

entrepreneur

Which of the following is a trend that is changing the face of entrepreneurship and small business ownership?

entrepreneurial diversity

The traditional control model is best reflected by which of the following processes?

establish standards→monitor activity/results→comparison of results to standards→evaluation

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

immigration

All of the following are reasons for formulating plans EXCEPT:

to offset certainty

Which of the following refers to individuals' capabilities to function and manage effectively in culturally diverse settings?

Cultural intelligence

During the awareness stage of the planning process the emphasis needs to be with the future.

False

Elton Mayo is known as the father of scientific management.

False

In low uncertainty avoidance countries managers are advised to provide structure and order to reduce uncertainty and ambiguity for subordinates.

False

Strategy and goals statements together are the first building blocks in defining why a firm exists and in developing a plan to accomplish what the firm wants to accomplish.

False

The most notable contribution Weber provided to modern management was the creation of the 14 principles of management.

False

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

Heuristic

Which term best describe a group of firms all making similar products or similar services?

Industry

Which of these occur when two or more companies from different countries enter into an agreement to conduct joint business activities?

International strategic Alliances

The first multinational corporations were located in ______ but had branches across Europe.

Italy

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

Leader

Which of the following statements regarding the differences between management and leadership is NOT true?

Leaders are seen as motivating primarily through extrinsic processes while managers motivate primarily through intrinsic processes.

According to Mintzberg, managers averaged 36 written and 16 verbal contacts per day with most of these activities lasting less than nine minutes.

True

According to the path-goal theory, the degree to which leadership behavior matches situational factors will determine organizational members' motivation, satisfaction, and performance levels.

True

As monitors, managers are constantly scanning the environment for information, talking with liaison contacts and subordinates, and receiving unsolicited information.

True

Entrepreneurs are people with vision, drive, and creativity, who are willing to take the risk of starting and managing a business to make a profit.

True

Executive managers are at the top of the hierarchy and are responsible for the entire organization, especially its strategic direction.

True

Exporting is one of the easiest ways to go international.

True

For ethical leaders, authenticity and integrity, in addition to their values, are also important components of character and behavior that must also be translated into attitude and action toward followers, external stakeholders, and broader communities.

True

In order to reduce groupthink, groups can assign a member to play the devil's advocate.

True

Managers commonly derive their power from the larger organization.

True

Maximizing shareholder wealth is often a short-sighted decision because it can harm the organization's financial viability in the future.

True

The strategic management process is the set of activities that firm managers undertake in order to try to put their firms in the best possible position to compete successfully in the marketplace.

True

To achieve a competitive advantage over rivals in the industry, the successful cost leader tightly controls costs throughout its value chain activities.

True

Unlike Taylor, Fayol focused on overall management of the corporation rather than on individual tasks involved in carrying out a firm's business.

True

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

figurehead

The two primary goal characteristics that enhance the motivating power of goals are:

goal specificity and goal difficulty

Which of the following is NOT a reason why small business thrives in the United States?

guaranteed profits

A(n) _____ is any group or individual who can affect or is affected by an organization's strategies, major transactions, and activities.

stakeholder

The Romans' contribution to management was

standardization

The plan that integrates, guides, and serves as a bases for controlling organizational activities for the immediate and long-range future, plus establishes boundaries for managerial decision making is called:

strategic plan

Egyptians found the ideal number of workers per supervisor to be _____.

ten

The starting point for the development of the study of leadership began with:

the great man theory

List three disadvantages that small businesses have over larger, more complex companies.

(1) limited managerial skills, (2) fund-raising difficulties, (3) burdensome government regulations, and (4) extreme personal commitment of the owner.

Katherine, a production manager at ABC Products, is interested in monitoring how projects were progressing, take steps to see if they were on time, and keep an eye on budget concerns. Which of the following can Katherine use?

A scheduling system

When leaders assume that employees will change if they can be inspired to aim for greater degrees of excellence in their work, it represents which of these?

Abundance-based change

Which of the following is an element of economic forces?

Competitors and supply chain

Which of the following represent a model specifically designed as an abundance-based, bottom-up, positive approach?

Appreciative Inquiry (AI) model

Which of the following refers to the scenario when an organization concentrates resources in only a one or very few locations, or only a few individuals are authorized to make decisions about the use of resources?

Centralization

When BA Products managers assume that BA employees will change if they know they will otherwise face negative consequences, it refers to which of the following?

Deficit-based change

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

Demographics

Which of the following argues that organizations exist as socially constructed systems in which people are constantly making sense of and enacting an organizational reality as they interact with others in a system?

Emergent approach

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

Emotional intelligence

When leaders are unable to act on their values from lack of knowledge or fear of the consequences of their actions, it refers to which of these symptoms of the failure of ethical leadership?

Ethical paralysis

Which of these holds that people set their own moral standards for judging their actions, based on self-interest?

Ethical relativism

According to universalism is a principle, an action is morally right if the net benefits over costs are greatest for all affected compared with the net benefits of all other possible choices.

False

Anglo countries such as the United States, Canada, and the United Kingdom have high power distance.

False

As part of their responsibilities, all managers get involved in planning, scheduling, and monitoring the design, development, production, and delivery of the organization's products and services.

False

Emergent approaches to change rely on mechanistic assumptions about the nature of an organization.

False

Ethics is related to influencing behaviors to act in accordance to the law or face consequences—referred to as a "stick" approach.

False

Fiedler's contingency model of leadership states that leaders with "low LPC" scores are relationship oriented.

False

Transformational change refers to small refinements in current organizational practices or routines that do not challenge, but rather build on or improve, existing aspects and practices within the organization..

False

In the past few years, the federal government has cut back burdensome government regulations and paperwork to the point that they are almost non-existent for small business owners.

False. Complying with federal regulation is one of the disadvantages to being a small business owner.

Nordic Europe and sub-Saharan Africa clusters are high on which leadership style, according to the GLOBE project?

Participative

All of the following aspects are central to servant leadership EXCEPT:

Placing self-interest before anything else

_______ change is an intentional activity or set of intentional activities that are designed to create movement toward a specific goal or end.

Planned change

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

Relevant

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

Self-protective

Which of these represents a kind of change that is necessary for an organization to achieve the focus it needs to make needed transfer missions and work it does feel to stay competitive in the current or larger organization, larger market environment, or societal environment?

Strategic change

For ABC Products, to launch a new product is an example of which of these?

Strategic objectives

Which of the following is NOT true of the specialization of labor?

The span of control became very narrow with specialization

Natural disaster and human induced environmental problems are events such as high-impact hurricanes, and extreme temperatures as well as 'man-made' environmental disasters such as water and food crises; large-scale involuntary migration are a force that affects organizations.

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

Practical characteristics to look for in a control system include feasibility, flexibility, and the ease with which the system can be integrated with planning activities.

True

The informal organization is emergent, meaning that it is formed through the common conversations and relationships that often naturally occur as people interact with one another in their day-to-day relationships.

True

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

True

The question "do managers really plan" misses the notion that there are different types of planning which tend to revolve around the timing of the planning process.

True

While the entrepreneur role describes managers who initiate change, the disturbance or crisis handler role depicts managers who must involuntarily react to conditions.

True

Which country was the top recipient of FDI in 2016?

USA

_____ 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

Which of these principles is related to universalism?

Virtue Ethics

Which of the following describe mission of an organization?

What is our strategic purpose for operating?

Which of the following suggests that workers need merely to be unconcerned to an order to follow it and that workers will follow orders due to an individual's natural tendency to follow authority?

Zone of indifference

Which of the following pairs of leader behaviors is not part of the behavioral approach to leadership?

boss centered vs. subordinate centered

Jill Hansom borrowed $40,000 from a credit union to start a company that makes and sells peach salsa. Hansom used _____ financing.

debt

When a company decide to shrink its operations to reduce costs in order to survive, it is employing a ____ strategy.

defensive

Frederick Taylor stressed the idea that if workers produced more than a certain amount, they would be paid more. His is called

differential piecework

List four common causes for business failure.

economic factors, financial causes, lack of experience, and personal reasons such as the owner's decision to move onto another opportunity

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

informational; decisional

The University of Michigan studies identified additional behaviors believed to be associated with effective leadership and concluded:

it is the leader's job to make sure that support, work facilitation, and goal emphasis are present in the group

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

liasion

When United Airlines considered putting pilots in its boardroom and when Northwest Airlines provided their workers an employee ownership system, they were:

making action statements as part of their planning

The role of ________, according to Mintzberg, involves managers making decisions about who gets what, how much, when, and why.

resource allocator

Which of the following elements does NOT typically appear in a well-prepared business plan?

names of all employees

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

Buying a house can be described as which of these?

nonprogrammed decision

When an organization states it wants to increase output by 10%, they have stated a(n):

operational goal

Which of the following models of leadership suggests the motivational function of the leader consists of increasing personal payoffs to organizational members for work attainment and reducing barriers in order employees to be more successful?

path-goal

All of the following are key components of the leadership process EXCEPT:

the vision statement

According to the path-goal leadership model, when a task is seen as boring, stressful, or unpleasant, the most appropriate dimension of leader behavior is:

supportive leadership

A way to assess the effects of planned action with a way to view continuous improvement by integrating organizational learning into the planning process is:

the Deming Cycle