POM Actual midterm questions
A goal of efficiency is to minimize output costs while maximizing input costs.
False
A highly centralized organization is one in which subordinates are given a lot of opportunity to make decisions.
False
A major cause of the shutdown of a BMW assembly plant in South Carolina in 2010 was a bank crisis in Iceland.
False
A manager does not work directly on tasks for the organization.
False
Age is not an important factor for managers because people of all ages act differently.
False
Effectiveness refers to the relationship between inputs and outputs.
False
Gen Xers are generally the children of the Baby Boomers.
False
Global economic conditions are included in the external environment of the organization while national economic conditions are part of the internal environment.
False
High interest rates have been identified as a major cause of the recent economic meltdown.
False
Management has an impact on all businesses, but there are almost no examples of businesses that have failed because of poor management.
False
Managers who are effective at meeting organizational goals always act efficiently.
False
Organizational consistency is one of the foundations of long-term success.
False
Technical skills involve a manager's ability to think logically and effectively about complex situations.
False
The Egyptian pyramids are an example of a project that was completed without the aid of managers.
False
The Industrial Revolution marked the birth of management.
False
The behavioral approach to management began in the 1960s with organizational behavior (OB).
False
The cell phone industry faces a stable business environment.
False
The division of labor is also referred to by the term job specification.
False
The four contemporary management processes are planning, organizing, leading, and commanding.
False
The idea of employees being paid a fair wage for their services did not emerge until the 1960s.
False
The political skills of a manager consist mainly of the ability to understand the workings of government and to present information effectively to others in the form of political speechmaking.
False
The reality is that managers are more unethical than in the past.
False
The recent economic crisis has shown that business leaders need to de-emphasize societal attitudes and focus on less on public opinion.
False
The strength of global supply chains is clearly illustrated by their response to such events as unrest in the Middle East or an earthquake in Japan.
False
A business can have 350 employees and still be considered a small business.
True
A common myth is that managers are less ethical today than in the past.
True
A common myth is that organizations can be too big to fail.
True
A small business manager in many ways combines the roles of top manager and first-line manager in a large business.
True
Adam Smith argued that division of labor increased productivity.
True
All organizations have a structure that in some ways serves to define and limit the behavior of members of the organization.
True
An industry with a dynamic business environment that is also highly complex faces the maximum amount of environmental uncertainty.
True
Effectiveness refers to the attainment of the organization's goals.
True
Fayol thought that allowing employees to originate their own plans would increase motivation.
True
Given a choice, managers would prefer to operate in an environment that has a minimum of uncertainty.
True
Global supply chains are similar to biological systems in being resilient and resistant to change but surprisingly vulnerable at the same time.
True
In order to be considered a manager, an individual must direct or oversee the work of others.
True
One of the reasons the public believes business leaders are more unethical is the attention it receives in the press.
True
Organizational traditions should not be followed if they don't fit with the current demands of customers and shareholders.
True
People value history because it can help put events that are taking place today into perspective.
True
Prior to the recent recession, many businesses became highly leveraged, which is another term for a company with a high debt.
True
Supervisors and team leaders may both be considered first-line managers.
True
The U.S. housing market been identified as a major cause of the recent economic meltdown.
True
The behavioral approach to management focuses on motivating workers to work productively.
True
The components of an organization's external environment include a technological component and a political component.
True
The external environment of an organization includes factors and forces that can affect how the organization operates.
True
