mgmt FINAL STUDY CARDS

Navim Jain sold stock to investors in order to finance Sparkart, LLC, a company that markets software to track how many times music is played and shared among peers. Jain used _____ financing.

Equity

The Olive Pit wants to expand into international markets. The company decides to buy acres of olive trees and build new production facilities in Italy, Greece, and Morocco. This is an example of what international strategy?

Foreign direct investment

What is an example of a programmed decision?

Harper reorders office supplies at work.

DroneDrop is a startup company that wants to provide online shopping deliveries via drone. The CEO asks you to investigate the company's macro environment using the PESTEL model. How would you classify the concern that some states have different air space regulations for low flying objects like drones?

Political factor

From a value chain perspective, what are the actions a firm takes to directly provide a product or service to customers?

Primary activities

What are the 3 P's of the triple bottom line?

Profit, people, and planet

Marc is a manager of a manufacturing company. He is concerned that a new piece of equipment is defective and will likely break quickly. Replacing the part for all customers will cost the company a lot of money. Marc decides to talk with other managers to see what they would do in that situation. Marc is using what ethical approach to making this decision

Relativism

Rami is well-known for getting along well with people in almost any situation. Rami can be rated high on which of these elements?

Social skills

_____ is (are) the big-picture goals for the company.

Strategic objectives

DriveMe is a new company that wants to provide automobile ride-sharing services. The CEO hires you to investigate the company's micro environment. What do you identify as a business threat to entering the new industry?

The cost of creating a new smartphone app

DriveMe is a new company that wants to provide automobile ride-sharing services. The CEO hires you to investigate the company's micro environment. What do you identify as industry rivals?

Uber and lyft

Marc is a manager of a manufacturing company. He is concerned that a new piece of equipment is defective and will likely break quickly. Marc decides to wait for customers to complain before he acts because replacing the part for all customers will cost the company a lot of money. Marc is using what ethical approach to making this decision?

Utilitarianism

A food manufacturing company has three office locations, four functional areas, and five product lines. The CEO wants to change the organizational structure to provide very fast customer service. What structure of Vice Presidents should the CEO create?

VP of Operations, VP of Human Resources, VP of Sales, and VP of Research

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

Very centralized organizational structure

Dianna does not know the outcome of each alternative until after actually choosing that alternative. Dianna is experiencing what?

conditions of uncertainty

Which of the following is an inclusive concept that involves all outside factors and influences that impact the operation of a business that an organization must respond or react to in order to maintain its flow of operations?

external enviornment

Rugs International has created a goal of increasing firm revenue by 5%. This is what type of corporate strategy?

growth

Soo is currently a first-line manager and wants to move up to a middle manager role in the next five years. What skills should Soo to prepare to use the most in a middle management role?

human skills

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?

Correct answer: Cognitive dimension

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

Correct answer: Dispersed authority

Denver is the manager of an electronics retail store. In the morning, Denver sends a text to one employee asking if they can work an extra shift this weekend. What managerial role is Denver using during this time?

Decisional

What is an example of a non-programmed decision?

Jordan weighs the costs and benefits of biking or driving to work.

Which of the following describe environmental scanning activity?

Julie, a marketing manager at TTY Tools, continually watches for changes in the business environment and monitor business indicators such as economic indicators and business cycles.

organizational structures work best in unstable, complex, changing environments.

ORGANIC

When Allison Logue found out her children were allergic to corn, she started looking for sweets and starches that were corn-free and was dismayed to find very few such products on the market. As a result, she has started her own small business to produce and market corn-free desserts. It is a small market, and Logue plans to keep her business small. Logue is an example of a(n):

micropreneur

The Athletics For All company thinks there will be more customers interested in leisure and athletics clothing in the next 10 years. This describes Athletics For All's

opportunities

A common use of business plans is to:

persuade lenders and investors to finance the venture

Which of the following represents a moral and legal entitlement-based approach?

rights

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

stakeholder

The Athletics For All company is very good at marketing its sports products. This describes Athletics For All's

strengths