MGT3100 Exam 1 Review (Spring23)

A document that outlines a proposed firm’s goals, the strategy for achieving them, and the standards is called what?

What is the main problem with the classical viewpoint of management?

What moral approach is guided by respect for fundamental rights (e.g., the right to life).

Polycentric managers believe that their native country, culture, language, and behavior are superior to all others

Ethics can be defined as...

The World Bank focuses on giving loans to assist countries with infrastructure and social improvements.

Import quotas are considered to increase international trade with the country given the quota.

The ______ primarily monitors and enforces trade agreements

The Peter Principle means people are promoted based on success in a previous role instead of potential for the new role.

A company's ________ answers the question what is our reason for being?

Top management is primarily involved in operational planning (6-24 months).

A positive effect of globalization and the global economy is...

Company X does not expect to earn any money through its operations; Company X is likely a ____ company

What type of organization makes money (profits) by offering products or services?

The ability of an organization to produce goods or services more effectively than its competitors is called what?

An organization “going green” represents meaning what type of management challenge?

The advantage of a business plan is that managers can focus on a common goal.

Jack conveys information from the CEO to the lowest-level managers. Jack is a(n)

Global outsourcing is a low risk and low investment way of expanding internationally.

Pat is deciding how to set up a new hiring procedure that ensures fairness; this is a what approach to ethics?

Working to plan an organization's goals for the next decade is called what?

Jelene sells her art internationally through her own web site and her Etsy store; Jelene is engaged in

Matt wants his employees to use a website instead of paper-based reporting. Which challenge is he trying to manage?

A ___________ culture shares meaning primarily derived from situational cues.

The use of information to make decisions to solve problems is what category of manager roles?

Which of the following is NOT considered part of BRICS?

Organizations have two value systems that often conflict, financial performance and cohesion and solidarity.

Which viewpoint emphasized the scientific study of work methods to improve how we manage the total organization?

A district manager compares actual to projected sales to take corrective action; what aspect of management is this?

Two companies agree to work together to pool their R&D funds. In doing so, these two organizations have

A local farmer grows and sells tomatoes. For a from a system perspective, in which category do the tomatoes fall?

Theories do not help us understand the present.

Setting a goal for the 5th day of next month meets what specific requirement of SMART goals?

Sarah believes the most effective management method should be used, regardless of cultural origin. Sarah is…

_______ involves managers from all parts of the organization to formulate and implement strategies and strategic goals

The triple bottom line consists of people, planet, and planning.

Being responsive to customers does not help develop a competitive advantage and outperforming other competitors.

Strategic plans are rarely reconsidered due to a lack of changing business conditions

Which viewpoint focuses on human behavior and motivating employees toward achievement?

Which viewpoint stresses mathematical models to improve decision making and strategic planning?

External stakeholders consist of employees, owners, and the board of directors.

A _______ is a plan that breaks long-term output into short-term targets or goals.

A _______ culture shares meanings primarily derived from written and spoken words.

A company's _________ is a clear sense of the future and the actions needed to get there.

The ability to find a McDonald's around the world is an example of what type of challenge faced by managers?

Sarah supervises food assembly line workers at a large organization. What type of manager is she?

A general manager is responsible for just one organizational activity

Job-specific knowledge is what type of skill needed to be an exceptional manager?

What type of manager is responsible for just one organizational activity?

What type of managers generally make long-term decisions about the overall direction of the organization?