Which of the following includes anticipated and actual expenses for a responsibility
center?
a. Revenue budget
b. Cash budget
c. Capital budget
d. Expense budget
e. Operating budget
The process of initiating a business venture, gathering and organizing the appropriate
resources, and assuming the associated risks and rewards refers to entrepreneurship.
a. True
b. False
A statement that identifies distinguishing characteristics of an organization is known as
a(n):
a. goals statement.
b. values statement.
c. income statement.
d. mission statement.
e. competitive-edge statement.
Communication is defined by the text as the process by which information is:
a. shared.
b. exchanged and understood by two or more people, usually with the intent to motivate
or influence behavior.
c. received.
d. transmitted to others.
e. stored.
Gain sharing rewards employees with part ownership of the organization based on
achieving performance goals.
a. True
b. False
Only about _____ percent of American adults reach the level-three stage of moral
development.
a. two
b. four
c. eleven
d. fifteen
e. twenty
An example of upward communication is performance feedback.
a. True
b. False
The mentoring relationship is an excellent way to overcome the problem of a glass
ceiling.
a. True
b. False
_____ is considered a decision that enables an individual or company to benefit at
society’s expense.
a. A legal behavior
b. An unethical behavior
c. An economic responsibility
d. A discretionary responsibility
e. A responsible behavior
To perform effectively, all managers must possess conceptual, human, and technical
skills, though the degree of each skill necessary at different levels of an organization
may vary.
a. True
b. False
Management science (or the quantitative perspective) uses mathematics, statistics, and
computer technology for complex problem solving, decision making, and record
keeping. Define the three subsets of management science, and evaluate the usefulness
of this management technique in today’s workplace, including at least one advantage
and one disadvantage
The process people use to make sense of the environment by selecting, organizing, and
interpreting information from the environment is referred to as ______.
The process by which companies find out how others do something better than they do
and then try to copy and/or improve it is known as _____.
A(n) _____ for leadership makes the leadership style unnecessary or redundant.
A culture that is a results-oriented that values competitiveness, aggressiveness, personal
initiative, and willingness to work long and hard to achieve results is called _____.
A higher ranking, senior organizational member who is committed to providing upward
mobility and support to a prot©g©’s professional career is a(n) _____.
List the four dimensions of national value systems identified by Hofstede.
Countries, businesses, and people are becoming increasingly interdependent. To
succeed on an international level, managers in all fields need a global mindset. Write a
short essay expounding on what it means to have a global mindset and why it is
necessary in today’s business environment. Include your thoughts on two or three steps
a manager can take that will help him develop a global mindset.