Archive - BADM 101 Final Exam Review

Question 1

The political-legal environment describes

Accepted Answer

the relationship between business and government.

Question 2

All of the following are considered incentive systems except

Accepted Answer

benefits.

Question 3

A motive to start a business is __, while ___ creates the need to run the business efficiently.

Accepted Answer

profit; competition

Question 4

A company that decides to decentralize its sales procedures is managing what change category?

Accepted Answer

structure

Question 5

If CEO sells most of his shares in the company days before poor results are made public he is

Accepted Answer

guilty of insider trading

Question 6

Which of the following is a management tactic used to break a bargaining impasse?

Accepted Answer

Lockout

Question 7

There are two basic types of partners: ______ and ______.

Accepted Answer

general; limited

Question 8

In order, the process for the Calm Waters Metaphor is

Accepted Answer

unfreezing, changing, refreezing

Question 9

Organizational ________ involves any alteration in structure, technology, or people.

Accepted Answer

change

Question 10

Which of the following is correct regarding performance appraisals?

Accepted Answer

The manager defines performance standards for the employee.

Question 11

What is the primary purpose of setting a goal for an organization?

Accepted Answer

Providing guidance and direction for all managers

Question 12

What are the three key elements in the entrepreneurial process?

Accepted Answer

The entrepreneur, the opportunity, and the resources

Question 13

When an employer only hires union members, it is a

Accepted Answer

closed shop

Question 14

_____ is the decision-making structure used when management must approve lower level decisions.

Accepted Answer

Centralized

Question 15

Falling interest rates is an example of which external force for change?

Accepted Answer

economic changes

Question 16

Which of the following illustrates consumers' rights to safe products?

Accepted Answer

A new vacuum cleaner must be free of electrical hazards

Question 17

The process of welcoming a new employee is

Accepted Answer

orientation

Question 18

What is specialization?

Accepted Answer

identifying specific jobs & specific people to perform them

Question 19

Which illustrates how a company could be irresponsible with respect to its investors?

Accepted Answer

A president overstates the positive impact of a new contract

Question 20

Which of the following best describes the breadth of socio-cultural environment factors?

Accepted Answer

Values, attitudes, customs, and demographic characteristics

Question 21

Departmentalization is the process of

Accepted Answer

grouping jobs into logical units.

Question 22

The starting point in assessing training and development is

Accepted Answer

needs analysis.

Question 23

A new firm is

Accepted Answer

one that has become operational within the previous 12 mths.

Question 24

Canada is home to a(n) ________ economy.

Accepted Answer

mixed market

Question 25

After a reference check has been received, what is the next step in the selection process?

Accepted Answer

Interview with the manager

Question 26

What is the source of power for labour unions?

Accepted Answer

Collective bargaining

Question 27

Older workers tend to resist change more than younger workers because they ________.

Accepted Answer

have more invested in the current system

Question 28

Which clarifies structure and shows employees where they fit into a firm's operations?

Accepted Answer

Organization charts

Question 29

Which of the following is correct with regard to job specialization?

Accepted Answer

It is a natural part of organizational growth.

Question 30

The ________ managers are responsible for production, inventory, and quality control.

Accepted Answer

operations

Question 31

Porter's five forces model includes all of the following except

Accepted Answer

threat of replacement products.

Question 32

Which of the following is considered the starting point of effective human resource management?

Accepted Answer

Human resource planning

Question 33

All are reasons why people resist change EXCEPT

Accepted Answer

New technology

Question 34

An economic system in which markets decide what, when and for whom to produce.

Accepted Answer

capitalist economy.

Question 35

In economic terms, a "market" is

Accepted Answer

an exchange process between sellers and buyers.

Question 36

The most significant ways that culture is transmitted to employees consist of ________.

Accepted Answer

stories, rituals, material symbols, and language

Question 37

Organizing involves

Accepted Answer

structuring the necessary resources to complete tasks.

Question 38

A resume is the best source of information to base a selection decision for employment

Accepted Answer

False

Question 39

Which group does the Employment Equity Act NOT identify as employment disadvantaged?

Accepted Answer

Elderly people

Question 40

A(n) ________ separates the organization from its environment.

Accepted Answer

organizational boundary

Question 41

Knowledge workers include

Accepted Answer

Engineers

Question 42

Managers are concerned with reducing ________.

Accepted Answer

the stress that leads to dysfunctional work behaviour

Question 43

The three symptoms of stress are

Accepted Answer

physical, psychological, behavioural

Question 44

The first step in selection is

Accepted Answer

asking the candidate to fill out an application form

Question 45

An acquisition takes place when

Accepted Answer

one firm simply buys another.

Question 46

The title "division manager" is an example of a ________ management position.

Accepted Answer

middle

Question 47

A social audit conducts/determines the

Accepted Answer

systematic analysis of how a firm has used funds

Question 48

A 360-degree feedback includes input from

Accepted Answer

yourself, supervisors, subordinates, coworkers

Question 49

________ are groups of people who decide to interact among themselves.

Accepted Answer

Informal groups

Question 50

________ refers to ethical or unethical behaviours by a manager or employee of an organization

Accepted Answer

Business ethics

Archive - BADM 101 Final Exam Review

Questions 50

Archive - BADM 101 Final Exam Review

Questions 50