During the input stage, managers use __________ control procedures to anticipate
problems before they occur.
A. input
B. conversion
C. output
D. feedforward
E. feedback
The mission statements of organizations in the same market will typically be the same.
A. True
B. False
The Republic of Karibo has been losing capital steadily over the last five years. As a
result of this:
A. its rate of unemployment has decreased.
B. the standard of living has fallen.
C. the impact of the recession has lessened.
D. the gap between the rich and poor has narrowed.
E. its economy has stabilized.
Which of the following is a characteristic of an entrepreneur?
A. Not open to new experiences
B. Have an external locus of control
C. Have a low level of self esteem
D. Have a high need for achievement
E. Have a low need for power
Standing plans are useful in situations that are unusual or situations that are
one-of-a-kind.
A. True
B. False
While effectivecommunication is necessary to increase responsiveness to customers, it
plays a negligible role in innovation.
A. True
B. False
When considering vertical integration as a strategy to add value, managers must be
careful because sometimes it may reduce a company’s ability to create value when the
environment changes.
A. True
B. False
Allowing a foreign organization to take charge of manufacturing and distributing a
product in its country or world region in return for a negotiated fee is referred to as:
A. licensing.
B. franchising.
C. strategic alliance.
D. exporting.
E. importing.
_____ results from the tendency to make decisions based on preexisting beliefs even
though evidence suggests that those beliefs are wrong.
A. Prior hypothesis bias
B. Dialectical inquiry
C. Escalating commitment
D. Representativeness bias
E. The illusion of control
If white male managers perceive other white male managers more positively than
managers from minority groups, this is called:
A. the salience effect.
B. the similar-to-me effect.
C. the glass ceiling effect.
D. the stereotyping effect.
E. the social-status effect.
Multimodule application software packages that coordinate the various functional
activities of organizations are called:
A. enterprise resource planning systems.
B. decision-support systems.
C. transaction-processing systems.
D. executive-support systems.
E. operations information systems.