Question 1

Which of the following best describes the managerial view on the purpose of business?

Accepted Answer

A)  A business framework where the job of top managers is to produce the highest possible stock market valuation of the firm's assets 
B)  A business framework that attempts to organize and analyze multiple groups that interact with the firm 
C)  A business framework where organizational structure is based on fit between the organization and various aspects in its environment 
D)  A business framework where the firm is seen as a mechanism for converting raw materials into products to sell to customers 
A)  A business framework where the job of top managers is to produce the highest possible stock market valuation of the firm's assets 
B)  A business framework that attempts to organize and analyze multiple groups that interact with the firm 
C)  A business framework where organizational structure is based on fit between the organization and various aspects in its environment 
D)  A business framework where the firm is seen as a mechanism for converting raw materials into products to sell to customers D

Question 2

According to the contingent view:

Accepted Answer

A)  organizations must be understood as systems of interdependent human beings. 
B)  jobs must be designed to improve productivity using industrial engineering methods. 
C)  coordination should take place through a strict hierarchy of authority. 
D)  the organization's structure should fit the firm's environment. 
A)  organizations must be understood as systems of interdependent human beings. 
B)  jobs must be designed to improve productivity using industrial engineering methods. 
C)  coordination should take place through a strict hierarchy of authority. 
D)  the organization's structure should fit the firm's environment. D

Question 3

Which of the following best describes environmental scanning?

Accepted Answer

A)  Forecasting and scanning the likely result that might occur when several events and stakeholders are linked together 
B)  A tool where key variables are monitored and modeled to help predict a change that might occur in the environment 
C)  The ability to understand the impact of environmental factors on a firm and the ability to understand how to influence those same factors 
D)  A tool that managers use to scan the business horizon for key events and trends that will affect the business in the future 
A)  Forecasting and scanning the likely result that might occur when several events and stakeholders are linked together 
B)  A tool where key variables are monitored and modeled to help predict a change that might occur in the environment 
C)  The ability to understand the impact of environmental factors on a firm and the ability to understand how to influence those same factors 
D)  A tool that managers use to scan the business horizon for key events and trends that will affect the business in the future D

Question 4

After hiring a consultant,a senior management team realized that the organizations's structure did not enable proper usage of its resources and the culture was not reinforcing employee performance.Which of the following pillars of management has the organization failed to consider?

Accepted Answer

A)  Strategic positioning 
B)  Organizational design 
C)  Individual leadership 
D)  Organizational climate 
A)  Strategic positioning 
B)  Organizational design 
C)  Individual leadership 
D)  Organizational climate

Question 5

The factor that distinguishes leadership from management is that:

Accepted Answer

A)  leadership focuses on planning and budgeting. 
B)  leadership is the act of working with people to accomplish a desired goal. 
C)  leadership involves budgeting,controlling and staffing resources. 
D)  leadership is the ability to drive change through motivation. 
A)  leadership focuses on planning and budgeting. 
B)  leadership is the act of working with people to accomplish a desired goal. 
C)  leadership involves budgeting,controlling and staffing resources. 
D)  leadership is the ability to drive change through motivation.

Question 6

Define business environment and discuss the changing perspectives on the purpose of business.

Accepted Answer

The business environment is the combinat

Question 7

Which of the following is the most important skill of a middle manager?

Accepted Answer

A)  Technical skills to earn credibility of his/her team 
B)  Interpersonal skills such as motivating and developing teams 
C)  Setting vision and objectives for the organization 
D)  Conceptual skills for developing organization's strategy 
A)  Technical skills to earn credibility of his/her team 
B)  Interpersonal skills such as motivating and developing teams 
C)  Setting vision and objectives for the organization 
D)  Conceptual skills for developing organization's strategy

Question 8

Management is defined as the ability to drive change and innovation through inspiration and motivation.

Accepted Answer

A) True 
 B)False

Question 9

Harry,a top manager of an organization,clearly differentiated the tasks and responsibilities of his employees.Moreover,he emphasized that top level executives should do the planning and the lower level executives should execute those plans.Identify the management technique used by Harry.

Accepted Answer

A)  Bureaucratic organization structure 
B)  Human relations movement 
C)  Scientific management 
D)  Contingent view 
A)  Bureaucratic organization structure 
B)  Human relations movement 
C)  Scientific management 
D)  Contingent view

Question 10

Frontline supervisors in an organization tend to focus on tasks such as financial reporting,planning,recruiting of talent,and team development.

Accepted Answer

A) True 
 B)False

Question 11

According to the _____ view of the firm,the job of top managers was to produce the highest possible stock market valuation of the firm's assets.

Accepted Answer

A)  managerial 
B)  stakeholder 
C)  contingent 
D)  shareholder 
A)  managerial 
B)  stakeholder 
C)  contingent 
D)  shareholder

Question 12

"How does the competitive landscape shape the potential for success or failure?" Which of the following pillars of management addresses this question?

Accepted Answer

A)  Strategic positioning 
B)  Organizational design and structure 
C)  Individual leadership 
D)  Shareholder value 
A)  Strategic positioning 
B)  Organizational design and structure 
C)  Individual leadership 
D)  Shareholder value

Question 13

Which of the following statements best describes scientific management?

Accepted Answer

A)  It focuses on how jobs,work,and incentive schemes could be designed to improve productivity using industrial engineering methods. 
B)  It involves a clear differentiation of tasks and responsibilities among individuals and coordination through a strict hierarchy of authority and decision rights. 
C)  It holds the belief that organizations must be understood as systems of interdependent human beings who share a common interest in the survival and effective functioning of the firm. 
D)  It is a view of the firm where effective organizational structure is based on fit or alignment between the organization and various aspects in its environment. 
A)  It focuses on how jobs,work,and incentive schemes could be designed to improve productivity using industrial engineering methods. 
B)  It involves a clear differentiation of tasks and responsibilities among individuals and coordination through a strict hierarchy of authority and decision rights. 
C)  It holds the belief that organizations must be understood as systems of interdependent human beings who share a common interest in the survival and effective functioning of the firm. 
D)  It is a view of the firm where effective organizational structure is based on fit or alignment between the organization and various aspects in its environment.

Question 14

With regard to managing uncertainty,high uncertainty requires:

Accepted Answer

A)  less vigilance of contextual forces and less adaptation. 
B)  stronger vigilance of contextual forces and less adaptation. 
C)  less vigilance of contextual forces and more adaptation. 
D)  stronger vigilance of contextual forces and more adaptation. 
A)  less vigilance of contextual forces and less adaptation. 
B)  stronger vigilance of contextual forces and less adaptation. 
C)  less vigilance of contextual forces and more adaptation. 
D)  stronger vigilance of contextual forces and more adaptation.

Question 15

Through _____,senior leaders of a corporation meet with business unit managers to assess progress toward specific goals.

Accepted Answer

A)  contingency planning 
B)  scientific management 
C)  strategic review process 
D)  scenario building 
A)  contingency planning 
B)  scientific management 
C)  strategic review process 
D)  scenario building

Question 16

Forecasting the likely result that might occur when several events and stakeholders are linked together is known as _____.

Accepted Answer

A)  strategic review process 
B)  environmental scanning 
C)  scenario building 
D)  contingency planning 
A)  strategic review process 
B)  environmental scanning 
C)  scenario building 
D)  contingency planning

Question 17

Conceptual skills consume more of a top executive's time,while technical skills are more important for new employees and frontline supervisors.

Accepted Answer

A) True 
 B)False

Question 18

John is a top executive in an organization.He is involved in developing and improving the organization's strategy by working along with other senior executives.From this scenario,it can be inferred that John uses _____ of management.

Accepted Answer

A)  technical skills 
B)  conceptual skills 
C)  interpersonal skills 
D)  behavioral skills 
A)  technical skills 
B)  conceptual skills 
C)  interpersonal skills 
D)  behavioral skills

Question 19

Define stakeholder.What are the steps involved in stakeholder mapping?

Accepted Answer

According to the stakeholder theory,"a s

Question 20

Differentiate between management and leadership.

Accepted Answer

The distinction between management and l

Which of the following best describes the managerial view on the purpose of business?

According to the contingent view:

Which of the following best describes environmental scanning?

After hiring a consultant,a senior management team realized that the organizations's structure did not enable proper usage of its resources and the culture was not reinforcing employee performance.Which of the following pillars of management has the organization failed to consider?

The factor that distinguishes leadership from management is that:

Define business environment and discuss the changing perspectives on the purpose of business.

Which of the following is the most important skill of a middle manager?

Management is defined as the ability to drive change and innovation through inspiration and motivation.

Harry,a top manager of an organization,clearly differentiated the tasks and responsibilities of his employees.Moreover,he emphasized that top level executives should do the planning and the lower level executives should execute those plans.Identify the management technique used by Harry.

Frontline supervisors in an organization tend to focus on tasks such as financial reporting,planning,recruiting of talent,and team development.

According to the _____ view of the firm,the job of top managers was to produce the highest possible stock market valuation of the firm's assets.

"How does the competitive landscape shape the potential for success or failure?" Which of the following pillars of management addresses this question?

Which of the following statements best describes scientific management?

With regard to managing uncertainty,high uncertainty requires:

Through _____,senior leaders of a corporation meet with business unit managers to assess progress toward specific goals.

Forecasting the likely result that might occur when several events and stakeholders are linked together is known as _____.

Conceptual skills consume more of a top executive's time,while technical skills are more important for new employees and frontline supervisors.

John is a top executive in an organization.He is involved in developing and improving the organization's strategy by working along with other senior executives.From this scenario,it can be inferred that John uses _____ of management.

Define stakeholder.What are the steps involved in stakeholder mapping?

Differentiate between management and leadership.

The Global Business Environment

Ethics and Corporate Social Responsibility

Introduction to Strategy

Business-Level Strategy

Corporate-Level Strategy

Organizational Design

Organizational Culture

Managing Human Capital

Performance Management

Organizational Change

Leadership in Organizations

Becoming a Leader: Knowing Yourself

Power and Influence

Decision Making

Conflict and Negotiation

Leading Teams

Motivation

Communication

Networking

Filters

Exam 1: Introduction to Management

Which of the following best describes the managerial view on the purpose of business?

According to the contingent view:

Which of the following best describes environmental scanning?

After hiring a consultant,a senior management team realized that the organizations's structure did not enable proper usage of its resources and the culture was not reinforcing employee performance.Which of the following pillars of management has the organization failed to consider?

The factor that distinguishes leadership from management is that:

Define business environment and discuss the changing perspectives on the purpose of business.

Which of the following is the most important skill of a middle manager?

Management is defined as the ability to drive change and innovation through inspiration and motivation.

Harry,a top manager of an organization,clearly differentiated the tasks and responsibilities of his employees.Moreover,he emphasized that top level executives should do the planning and the lower level executives should execute those plans.Identify the management technique used by Harry.

Frontline supervisors in an organization tend to focus on tasks such as financial reporting,planning,recruiting of talent,and team development.

According to the _____ view of the firm,the job of top managers was to produce the highest possible stock market valuation of the firm's assets.

"How does the competitive landscape shape the potential for success or failure?" Which of the following pillars of management addresses this question?

Which of the following statements best describes scientific management?

With regard to managing uncertainty,high uncertainty requires:

Through _____,senior leaders of a corporation meet with business unit managers to assess progress toward specific goals.

Forecasting the likely result that might occur when several events and stakeholders are linked together is known as _____.

Conceptual skills consume more of a top executive's time,while technical skills are more important for new employees and frontline supervisors.

John is a top executive in an organization.He is involved in developing and improving the organization's strategy by working along with other senior executives.From this scenario,it can be inferred that John uses _____ of management.

Define stakeholder.What are the steps involved in stakeholder mapping?

Differentiate between management and leadership.

The Global Business Environment

Ethics and Corporate Social Responsibility

Introduction to Strategy

Business-Level Strategy

Corporate-Level Strategy

Organizational Design

Organizational Culture

Managing Human Capital

Performance Management

Organizational Change

Leadership in Organizations

Becoming a Leader: Knowing Yourself

Power and Influence

Decision Making

Conflict and Negotiation

Leading Teams

Motivation

Communication

Networking

Filters