Question 1

What do most high performing companies have in common when it comes to stakeholder relationships?

Accepted Answer

A)  High performing companies tend to consider the interests of all stakeholder groups when they make important decisions. 
B)  High performing companies tend to consider the interests of internal stakeholder groups only when they make important decisions. 
C)  High performing companies tend to consider the interests of external stakeholder groups only when they make important decisions. 
D)  High performing companies tend not to consider the interests of stakeholder groups when they make important decisions. 
A)  High performing companies tend to consider the interests of all stakeholder groups when they make important decisions. 
B)  High performing companies tend to consider the interests of internal stakeholder groups only when they make important decisions. 
C)  High performing companies tend to consider the interests of external stakeholder groups only when they make important decisions. 
D)  High performing companies tend not to consider the interests of stakeholder groups when they make important decisions.

Question 2

Why were the Baby Boomers so much more influential than other generations with respect to changing American tastes and culture?

Accepted Answer

A)  The Baby Boomers came after World War II when lifestyles were really changing. 
B)  The Baby Boomers were a much more coherent group than other generations. 
C)  The Baby Boomers were a much larger group than other generations. 
D)  The Baby Boomers were a much more free-spirited group than other generations. 
A)  The Baby Boomers came after World War II when lifestyles were really changing. 
B)  The Baby Boomers were a much more coherent group than other generations. 
C)  The Baby Boomers were a much larger group than other generations. 
D)  The Baby Boomers were a much more free-spirited group than other generations.

Question 3

The Daily Recorder is considering raising its price from 60 cents to 75 cents. Which stakeholders should it consider most in making this decision?

Accepted Answer

A)  All stakeholders should be considered equally. 
B)  all internal stakeholders 
C)  all external stakeholders 
D)  its customers 
A)  All stakeholders should be considered equally. 
B)  all internal stakeholders 
C)  all external stakeholders 
D)  its customers

Question 4

Which trend do most managers need to get used to in the coming years?

Accepted Answer

A)  Most workers will be hired as permanent employees at a lower pay scale than they were in the past. 
B)  Many workers will be hired as consultants rather than as freelance employees. 
C)  Most workers will be hired as permanent employees rather than on a freelance basis. 
D)  Many workers will be hired on a freelance basis rather than as permanent employees. 
A)  Most workers will be hired as permanent employees at a lower pay scale than they were in the past. 
B)  Many workers will be hired as consultants rather than as freelance employees. 
C)  Most workers will be hired as permanent employees rather than on a freelance basis. 
D)  Many workers will be hired on a freelance basis rather than as permanent employees.

Question 5

What is the meaning behind the statement, "Too big to fail"?

Accepted Answer

A)  Large organizations that dominate the industry can make management mistakes but still survive. 
B)  Small to medium organizations are not as innovative as large companies and hence not as successful. 
C)  Large companies are more customer responsive than small companies. 
D)  History has shown that large companies rarely fail. 
A)  Large organizations that dominate the industry can make management mistakes but still survive. 
B)  Small to medium organizations are not as innovative as large companies and hence not as successful. 
C)  Large companies are more customer responsive than small companies. 
D)  History has shown that large companies rarely fail.

Question 6

All of the following show why corporate rituals can be valuable in a corporate culture EXCEPT ________.

Accepted Answer

A)  rituals help initiate new employees into the culture 
B)  rituals reinforce corporate values 
C)  rituals symbolize key ideas that are important in the culture 
D)  rituals intimidate and silence critics of the corporate culture 
A)  rituals help initiate new employees into the culture 
B)  rituals reinforce corporate values 
C)  rituals symbolize key ideas that are important in the culture 
D)  rituals intimidate and silence critics of the corporate culture

Question 7

How does the Apache Corp. communicate its attitude toward risk taking to its employees?

Accepted Answer

A)  through actions that reward risk taking and initiative 
B)  through actions that discourage risk taking and initiative 
C)  through written policies and rules that reward risk taking and initiative 
D)  through written policies and rules that discourage risk taking and initiative 
A)  through actions that reward risk taking and initiative 
B)  through actions that discourage risk taking and initiative 
C)  through written policies and rules that reward risk taking and initiative 
D)  through written policies and rules that discourage risk taking and initiative

Question 8

Which of the following statements about organizational culture is correct?

Accepted Answer

A)  An organization with a weak culture would need fewer written rules and regulations to conduct business than a strong culture. 
B)  An organization with a strong culture would need more written rules and regulations to conduct business than a weak culture. 
C)  An organization with a strong culture would need fewer written rules and regulations to conduct business than a weak culture. 
D)  Both weak and strong organizational cultures need as many written rules and regulations to conduct business as possible. 
A)  An organization with a weak culture would need fewer written rules and regulations to conduct business than a strong culture. 
B)  An organization with a strong culture would need more written rules and regulations to conduct business than a weak culture. 
C)  An organization with a strong culture would need fewer written rules and regulations to conduct business than a weak culture. 
D)  Both weak and strong organizational cultures need as many written rules and regulations to conduct business as possible.

Question 9

In the U.S. the gap between the rich and poor is ________.

Accepted Answer

A)  decreasing 
B)  accepted 
C)  hidden 
D)  increasingly tolerated 
A)  decreasing 
B)  accepted 
C)  hidden 
D)  increasingly tolerated

Question 10

Which of the following identifies an outcome of the recent economic crisis of 2008?

Accepted Answer

A)  fewer business regulation 
B)  increased business regulations 
C)  no business regulations 
D)  voluntary business regulations 
A)  fewer business regulation 
B)  increased business regulations 
C)  no business regulations 
D)  voluntary business regulations

Question 11

Sony Corporation's focus on product innovation is an example of which of the following dimensions of organizational culture?

Accepted Answer

A)  member identity 
B)  people focus 
C)  risk tolerance 
D)  conflict tolerance 
A)  member identity 
B)  people focus 
C)  risk tolerance 
D)  conflict tolerance

Question 12

In a short essay, identify all of the stakeholders in a typical apparel company such as the Gap and rank them in terms of importance.

Accepted Answer

Stakeholders include anyone in an organi

Question 13

Which kind of culture most affects the way managers plan?

Accepted Answer

A)  A weak organizational culture gives managers the freedom to make their own decisions. 
B)  A strong organizational culture gives managers the freedom to make their own decisions independent of organizational values. 
C)  A strong organizational culture helps guide the way managers plan. 
D)  A weak organizational culture helps guide the way managers plan. 
A)  A weak organizational culture gives managers the freedom to make their own decisions. 
B)  A strong organizational culture gives managers the freedom to make their own decisions independent of organizational values. 
C)  A strong organizational culture helps guide the way managers plan. 
D)  A weak organizational culture helps guide the way managers plan.

Question 14

A good manager considers the interests of all stakeholders equally when making an important decision.

Accepted Answer

A) True 
 B)False

Question 15

Theodore and Janice have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers. Theodore has just gotten wind that engineers have developed a new computer system that works like the devices shown in the Steven Spielberg movie Minority Report in which users can control a sophisticated computer using their hands in midair. Janice sees this development as highly important to new games for TJ Soft. Which component of the external environment will affect TJ Soft the most in this situation?

Accepted Answer

A)  the global component 
B)  the sociocultural component 
C)  the economic component 
D)  the technological component 
A)  the global component 
B)  the sociocultural component 
C)  the economic component 
D)  the technological component

Question 16

Linden State University (Scenario)
Marta is a dean at Linden State University, a school with an enrollment of almost 20,000 students. In her daily activities, Marta has to deal with problems that involve students, faculty, curriculum, budgets, and a variety of other things.
-Marta has turned her attention to cultivating undergraduate students in the near future-three to five years from now. On which generation should she focus her attention?

Accepted Answer

A)  the Baby Boomers, because they are looking for Continuing Education programs for self-improvement 
B)  Gen X, because they are looking to get advanced degrees so they can obtain high-paying jobs 
C)  Gen Y, because the job market is so difficult they are looking to specialize in useful major such as accounting and biology 
D)  the Post-Millennials, because they are of the age that is just beginning to enroll in college 
A)  the Baby Boomers, because they are looking for Continuing Education programs for self-improvement 
B)  Gen X, because they are looking to get advanced degrees so they can obtain high-paying jobs 
C)  Gen Y, because the job market is so difficult they are looking to specialize in useful major such as accounting and biology 
D)  the Post-Millennials, because they are of the age that is just beginning to enroll in college

Question 17

Which managerial controlling decision is most affected by organizational culture?

Accepted Answer

A)  how to improve employee job satisfaction 
B)  how much environmental scanning should be done 
C)  how much to empower employees 
D)  how to deal with sexual harassment 
A)  how to improve employee job satisfaction 
B)  how much environmental scanning should be done 
C)  how much to empower employees 
D)  how to deal with sexual harassment

Question 18

What is the implicit message in a story like the tale of the Post-it® note and Art Fry?

Accepted Answer

A)  Your problems are not as difficult as the problems that Art Fry faced so you shouldn't complain. 
B)  You can solve your problems in novel and creative ways just like Art Fry. 
C)  Your problems are much harder than the problems that Art Fry faced, but the tools you have to solve them are much better. 
D)  Your problems are not like the problems that Art Fry faced so you can't solve them in the same way. 
A)  Your problems are not as difficult as the problems that Art Fry faced so you shouldn't complain. 
B)  You can solve your problems in novel and creative ways just like Art Fry. 
C)  Your problems are much harder than the problems that Art Fry faced, but the tools you have to solve them are much better. 
D)  Your problems are not like the problems that Art Fry faced so you can't solve them in the same way.

Question 19

Given a choice, managers would prefer to operate in an environment that has a minimum of uncertainty.

Accepted Answer

A) True 
 B)False

Question 20

What do almost all corporate legends have in common?

Accepted Answer

A)  Corporate legends go back to the early days of the company in which a founder met a challenge in an unusual way. 
B)  Corporate legends are always contemporary and never go back to the early days of the company. 
C)  Corporate legends always address the idea of good versus evil, with the company siding with good. 
D)  Corporate legends never address the idea of morality and always leave the audience wondering what the point is. 
A)  Corporate legends go back to the early days of the company in which a founder met a challenge in an unusual way. 
B)  Corporate legends are always contemporary and never go back to the early days of the company. 
C)  Corporate legends always address the idea of good versus evil, with the company siding with good. 
D)  Corporate legends never address the idea of morality and always leave the audience wondering what the point is.

What do most high performing companies have in common when it comes to stakeholder relationships?

Why were the Baby Boomers so much more influential than other generations with respect to changing American tastes and culture?

The Daily Recorder is considering raising its price from 60 cents to 75 cents. Which stakeholders should it consider most in making this decision?

Which trend do most managers need to get used to in the coming years?

What is the meaning behind the statement, "Too big to fail"?

All of the following show why corporate rituals can be valuable in a corporate culture EXCEPT ________.

How does the Apache Corp. communicate its attitude toward risk taking to its employees?

Which of the following statements about organizational culture is correct?

In the U.S. the gap between the rich and poor is ________.

Which of the following identifies an outcome of the recent economic crisis of 2008?

Sony Corporation's focus on product innovation is an example of which of the following dimensions of organizational culture?

In a short essay, identify all of the stakeholders in a typical apparel company such as the Gap and rank them in terms of importance.

Which kind of culture most affects the way managers plan?

A good manager considers the interests of all stakeholders equally when making an important decision.

Which managerial controlling decision is most affected by organizational culture?

What is the implicit message in a story like the tale of the Post-it® note and Art Fry?

Given a choice, managers would prefer to operate in an environment that has a minimum of uncertainty.

What do almost all corporate legends have in common?

Managers and Management

A History Module

Integrative Managerial Issues

Foundations of Decision Making

A Quantitative Module

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

A Career Module

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

A Entrepreneurship Module

Filters

Exam 3: The Management Environment

What do most high performing companies have in common when it comes to stakeholder relationships?

Why were the Baby Boomers so much more influential than other generations with respect to changing American tastes and culture?

The Daily Recorder is considering raising its price from 60 cents to 75 cents. Which stakeholders should it consider most in making this decision?

Which trend do most managers need to get used to in the coming years?

What is the meaning behind the statement, "Too big to fail"?

All of the following show why corporate rituals can be valuable in a corporate culture EXCEPT ________.

How does the Apache Corp. communicate its attitude toward risk taking to its employees?

Which of the following statements about organizational culture is correct?

In the U.S. the gap between the rich and poor is ________.

Which of the following identifies an outcome of the recent economic crisis of 2008?

Sony Corporation's focus on product innovation is an example of which of the following dimensions of organizational culture?

In a short essay, identify all of the stakeholders in a typical apparel company such as the Gap and rank them in terms of importance.

Which kind of culture most affects the way managers plan?

A good manager considers the interests of all stakeholders equally when making an important decision.

Which managerial controlling decision is most affected by organizational culture?

What is the implicit message in a story like the tale of the Post-it® note and Art Fry?

Given a choice, managers would prefer to operate in an environment that has a minimum of uncertainty.

What do almost all corporate legends have in common?

Managers and Management

A History Module

Integrative Managerial Issues

Foundations of Decision Making

A Quantitative Module

Foundations of Planning

Organizational Structure and Design

Managing Human Resources

A Career Module

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Communication and Information

Foundations of Control

Operations Management

A Entrepreneurship Module

Filters