Which stage of team development is characterized by a focus on solving organizational
problems and meeting assigned challenges?
A) forming
B) storming
C) acceptance
D) performing
E) adjourning
An organization urges its managers to lead employees by showing them how to lead
themselves. This strategy is aimed at creating highly productive employees who
become more independent and efficient. Which of the following classifications is best
suited to describe this leadership approach?
A) transformational leadership
B) mentoring leadership
C) entrepreneurial leadership
D) coaching leadership
E) superleadership
An international market agreement is ________.
A) a joint venture between two companies who want to enter markets in the other
country
B) an arrangement among a cluster of countries that facilitates a high level of trade
among these countries
C) an international import deal between two countries
D) an agreement between an importer from one country and an exporter from another
E) an agreement between a multinational company and its franchisees in a number of
countries
If (I) = $57,500 and (P) is .3, what is the expected value (EV)?
A) $17,250
B) $191,666
C) $74,750
D) $40,250
E) $131,466
Which of the following guidelines for establishing quality objectives helps keep the risk
of suboptimization to a minimum?
A) relating objectives to specific actions whenever necessary
B) stating objectives as specifically as possible
C) setting objectives only in relation to other organizational objectives
D) specifying when goals are expected to be achieved
E) stating objectives clearly and simply
A whistle-blower is ________ .
A) the employee who reports the alleged activities of the firm
B) the customer who files a product liability suit against the firm
C) the business lawyer who protects the firm against law suits
D) the employee who performs the unethical or illegal activity in the firm
E) the manager who protects the employee who reports the alleged activities of the firm
Responsible managers make sure that any gaps between their areas and those of other
managers are securely filled. This is classified under which of the following key
dimensions of responsible management behavior?
A) behavior with subordinates
B) behavior with upper management
C) behavior with other groups
D) behavior with people outside the organization
E) personal attitudes and values
The head of the HR department meets with the head of the production department to
discuss the production team’s staffing needs for the next two quarters. This is an
example of ________.
A) upward communication
B) downward communication
C) informal communication
D) lateral communication
E) external communication
Which of the following is true about banking finance?
A) Like angel investors and venture capitalists, banks invest in a business.
B) Banks are more interested in ensuring that the entrepreneur’s opportunity will
survive long enough to ensure repayment.
C) Banks typically focus on investing in a small number of industries.
D) Banks are concerned with the long-term potential for returns.
E) Banks typically provide more capital as the new venture becomes more established.
The management of a company decides on a way to compare profits generated by
organizational units located in different countries and expressed in terms of different
currencies. What management function has been performed?
A) planning
B) influencing
C) controlling
D) organizing
E) leading
Which of the following focuses on managing human activity by controlling the
consequences of performing that activity?
A) job enrichment
B) needs-goal theory
C) behavior modification
D) reinforcement
E) flextime
Which of the following is an example of a structural factor that determines
organizational effectiveness?
A) technologies
B) leadership skills
C) employee attitudes
D) work procedures
E) equipments
The bureaucracy model of organizing was proposed by ________.
A) V. A. Graicunas
B) Henri Fayol
C) Albert Einstein
D) Mary Parker Follett
E) Max Weber
When an organization focuses on making itself more competitive by producing
products more cheaply than competitors can, it is following a ________ strategy.
A) stability
B) differentiation
C) focus
D) cost leadership
E) divestiture
Consider how the Federal Reserve Board sets interest rates. The Fed examines the
relevant economic data and makes a judgment about the present and future state of the
economy. If economic activity seems to be slowing down, the Fed might decide to
lower interest rates as a means for stimulating economic growth. If the economy seems
to be growing too fast and the inflation rate is increasing, they might choose to raise
interest rates. Lowering or raising interest rates, in and of itself, is neither good nor bad;
the rightness of the act depends on the consequences. This action is consistent with the
________.
A) utilitarian principle
B) golden rule
C) virtue ethics principle
D) deontological principle
E) Kantian principle
________ is the mode of thinking that group members engage in when the desire for
agreement so dominates the group that it overrides the need to realistically appraise
alternative problem solutions.
A) Social loafing
B) Group polarization
C) Groupthink
D) Cognitive dissonance
E) Collective intelligence