Today’s economic climate can be compared to a college class that ________.
A) focuses on only one topic all semester
B) focuses on several topics during the semester
C) may last 20 minutes or 3 hours
D) lasts exactly 1 hour
Which of the following statements regarding an “entrepreneurial personality” is true?
A) Finding a set of personality traits for an entrepreneurial personality is much easier
than for leaders.
B) Finding a set of personality traits for an entrepreneurial personality is more difficult
than for leaders.
C) There is no specific set of personality traits that all entrepreneurs share.
D) There has been no research on this topic to date.
Team efficacy is a measure of how ________ a team is.
A) efficient
B) cooperative
C) confident
D) skilled
Which of the following is NOT a typical characteristic of a vision of the future provided
by visionary leadership?
A) powerful images
B) easy-to-understand view
C) nonspecific and indefinite
D) clear articulation
Which of the following factors has contributed to the current view that management is
more unethical today than before?
A) increasing publicity
B) increasing government standards
C) decreasing employee morale
D) changes in shareholder expectations
Fixed costs for a product are $30,000. The product itself sells for $3.00 and it costs
$1.50 to make each product. How can the plant decrease the break-even point by 5000
units?
A) Increase P, the price of the item, by $0.50.
B) Increase TFC, the fixed costs for item, by $5000.
C) Decrease P, the price of the item, by $0.50.
D) Decrease TFC, the fixed costs for item, by $5000.
When it was first starting out, the Viking Range company qualified as an
entrepreneurial organization because its products were ________.
A) high in quality
B) expensive
C) innovative and different
D) loved by serious cooks
Which company would be best suited to a “ready-aim-fire” culture?
A) a chocolate bar company that has made the same successful products for decades
B) a pharmaceutical company that is searching for a new way to prevent obesity
C) a cell phone company that is seeking to gain market share
D) a camera company that is worried that cell phones are taking over its business
________ is the process of managing the sequence of activities and information along
the entire value chain for a product.
A) Supply chain management
B) Value chain management
C) Supply management
D) Customer management
Which of the following is the most accurate statement regarding managers in today’s
world?
A) There is a greater need for customer focus than ever before.
B) Managers are found almost exclusively in large corporations that have more than
500 employees.
C) Managers are found almost exclusively in for-profit organizations.
D) More than half of today’s managers are women.
In Woodward’s study, this type of production was the most complex and the most
sophisticated.
A) unit production
B) mass production
C) process production
D) technological production