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Exam 1 Prep
Exam 1 Prep
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1
What is the first step in planning a career?
establishing a long-term goal
identifying past successes
sharing your mission statement with others
determining your core values
2
Type of planning that analyzes opportunities, threats, strengths, and weaknesses to position the organization?
strategic
organizational
tactical
operational
3
What term is used to describe coming up with a good idea and then putting it into action in a new venture?
empowerment
entrepreneurship
leadership
strategic management
4
People with which Big Five personality trait may be effective leaders because they create a positive environment?
neuroticism
conscientiousness
openness
agreeableness
5
Characteristic of an attractive industry where firms can achieve competitiveness and above-average returns
suppliers and buyers with little bargaining power
strong competitive threats from product substitutes
low entry barriers
moderate to high rivalry.
6
People in high-power distance societies expect
opportunity for everyone.
equality.
cooperative interaction across power levels.
unequal power distribution and greater stratification.
7
Superiority in competitive advantage may include
customer service.
unique style
product quality.
all of these.
8
Where does strategy formulation fit within the POLC framework?
controlling
organizing
planning
leading
9
Which of Mintzberg’s interpersonal roles is a manager demonstrating when interacting with peers and external contacts?
figurehead
liaison
leader
disseminator
10
Which type of creativity is associated with making an existing idea better?
imagination
improvement
investment
incubation
11
Which external contingency or trend facing an organization is analyzed during environmental scanning?
financial capabilities
staffing
stakeholders’ opinions
economic conditions
12
The purpose of assembling a team is to
a. work on agendas in the context of a group
c. increase mutual cooperation between competing factions
d. gather together a group of workers with disparate goals.
accomplish goals that wouldn't be possible for an individual working alone.
13
A cost-focus strategy is a ________ market strategy
low-cost, broadly focused
low-cost, narrowly focused
high cost, broadly focused
high-cost, narrowly focused
14
Social movement refers to a type of group action that
performs activities outside the workplace.
imitates corporations to improve employee morale in organizations.
is focused on specific political or social issues.
mimics society.
15
A CEO created a document that summarized the company’s purpose and aspirations for the future. This is an example of a
company code.
mission statement.
values statement.
vision statement.
16
Although views on how strategy develops may differ, researchers agree that successful organizations share a common trait
strategy discipline
strategic focus
uniform process
employee/management trade-off
17
Which type of creativity is associated with speed to market?
imagination
incubation
investment
improvement
18
Centralization refers to decision-making by
employees
all stakeholders
management
teams
19
Hierarchy in an organization is necessary for
centralization
communication
decentralization
unity of command
20
People who are high in openness are more likely to
prefer structure in their job.
adjust more slowly to a new job.
have lower work-life conflict.
start their own businesses.
21
Organizational culture is the workplace environment formulated from
the long-term goals and objectives of the company.
the mission and vision statements.
the interaction of the employees in the workplace.
the socialization of employees outside the workplace
22
Which statement about personality testing is accurate?
There is a direct link between personality and performance
Don't compare test results of prospective and current employees
Discrimination by sex, race, age, or disability has largely been resolved
Cognitive ability is a better predictor of performance than personality
23
Which type of creativity is associated with new ideas and breakthroughs?
incubation
improvement
imagination
investment
24
Strategy formulation answers the question:
Where does strategy fit in?
How do we execute a chosen strategy?
How is strategy applied to me?
What should our strategy be?
25
A criticism of Fayol, Taylor, and the Gilbreths’ views is
they only focused on knowledge work
they tended to humanize workers too much
they presumed managers were overseeing manual labor tasks
there was too much emphasis on fair pay for manual work
26
Ali believes he is very good at closing sales, and in fact, he is. Ali shows high
self-efficacy
neuroticism
self-monitoring
agreeableness
27
Focusing on some aspects of the environment and ignoring other elements is called
bias in perception
visual perception
optical illusion
selective perception
28
Leaders of social movements depend on ________ to motivate participants to action.
authority
fear
money
charisma
29
Often the root cause of a self-fulfilling prophecy is
selective perception
stereotyping
false consensus error
self-effacement bias
30
Theft and sabotage at work are examples of what type of behaviors?
counterproductive work behaviors
antisocial behaviors
organizational citizenship behaviors
negative work attitudes
31
Organizational justice can be classified into three categories:
interactional, distributive, and psychological.
psychological, reactional, motivational.
procedural, distributive and interactional.
procedural, psychological, and motivational.
32
The difference between a group and a team is
he aim and purpose of a group is to perform in the workplace.
groups are defined by their relatively small size.
complementary skills are found in a group but not a team.
collection of people is a group and not necessarily a team.
33
Job design and enrichment are aspects of the ________ process
organizing
leading
planning
controlling
34
Boards of directors and owners have which type of stakeholder power?
voting
indirect
economic
political
35
Which phrase refers to a mission statement?
is a future-oriented declaration of an organization’s purpose
communicates the organization’s reason for being
has the potential to inspire stakeholders
answers the question, “Where are we going?”
36
Which of these is considered an intangible resource?
scientific capabilities
manufacturing plants
formal reporting structures
production equipment
37
Corporate social responsibility (CSR) is a concept whereby organizations
integrate economic, social, and environmental performance
decrease economic performance to benefit the community
increase the likelihood of governmental regulations
consider only the needs of a company’s internal stakeholders
38
The structure of an organization is usually represented in the
tactical plan.
chain of command.
job design.
operational plan.
39
Conscientiousness is the one personality trait that uniformly predicts
how high a person’s performance will be
how motivated a person is to learn a new skill
how detailed a person will be
how adaptable to change a person is
40
A board focused on how a firm makes money is concerned with which strategy diamond element?
arenas
economic logic
vehicles
staging and pacing
41
Company structures that are hierarchical where decisions are made only by top managers are
high on power distance dimension.
high on institutional collectivism.
low on power distance dimension
low on institutional collectivism
42
Personality is a modest predictor of actual job performance, but a much better predictor of
job quantity.
cognitive ability.
high quality relationships.
citizenship behaviors.
43
Which of these is a threat to the differentiation strategy?
imitation
all of these
lower cost alternatives
changing consumer tastes
44
The principles of management are drawn from a number of academic fields, principally, the fields of
management, marketing, and communication.
all of these.
psychology, leadership, entrepreneurship, and strategy.
sociology, anthropology, and psychology.
45
A common argument against corporate social responsibility is that
there is no positive relationship between CSR and shareholder returns.
CSR does not achieve a triple bottom line.
there are no financial benefits of social or environmental initiatives.
CSR detracts from the fundamental economic role of businesses.
46
A useful personal mission and vision statement should include
what you wish to accomplish.
all of these.
what you would like to contribute.
what qualities you would like to develop.
47
Superiority in competitive advantage may include
all of these.
product quality.
customer service
unique style
48
What was the result of the GLOBE project?
a comprehensive analysis of poverty and its effects on company relocations
understanding the dimensions of culture that impact leader effectiveness
a code of ethics for people working outside their home country
critique of developed countries exploiting developing countries' resources
49
Effective controlling requires the existence of plans because
understanding the mission of the organization requires a strategic plan
control techniques are budget and performance audits
managers must show compliance with company policies
planning provides the necessary performance standards or objectives
50
The purpose of diversification is to
capture more consumers.
build a portfolio of businesses much like a portfolio of stock.
satisfy the mission and vision.
spread out risk and opportunities over a larger set of businesses.