Question 1

Globalization has reduced the need for innovation by equalizing production costs.

Accepted Answer

A) True 
 B)False

Question 2

Scenario A.Luna is a manufacturer of fashion jewelry.The company has been operating for the past decade and is well known.When the CEO,Aimee,was asked by a local newspaper during an interview about the secret to her success,she stated that there were several reasons.She makes sure that the company always introduces new styles of jewelry to suit changes in tastes and stay a step ahead of her competitors,and the company offers its customers the best by using fine-quality semiprecious stones in artful settings.She also stated that the company's salespersons cater to customers individually to help them purchase jewelry appropriate for their personal style.Luna has its own exclusive website,which can be accessed anywhere in the world,and customers are promised that they will get what they order within 36 hours.
-Which of the following skills is Aimee showing by taking the time to talk with the person interviewing her for the local newspaper?

Accepted Answer

A) conceptual and decision skills 
B) monitoring skills 
C) interpersonal skills 
D) technical skills 
E) negotiating skills 
A) conceptual and decision skills 
B) monitoring skills 
C) interpersonal skills 
D) technical skills 
E) negotiating skills

Question 3

State the two possible relationships an individual can have with their employer.

Accepted Answer

Relationship #1 is passive.The individua

Question 4

Marc is on the fast track to become an executive in his company.As he advances,he will most likely have less and less need of his ________ skills.

Accepted Answer

A) communication 
B) technical 
C) interpersonal 
D) conceptual 
E) decision 
A) communication 
B) technical 
C) interpersonal 
D) conceptual 
E) decision

Question 5

Explain the importance of emotional intelligence.

Accepted Answer

Student answers will vary but should dem

Question 6

Which of the following statements is true of collaboration?

Accepted Answer

A) Collaboration occurs only within the boundaries of an organization. 
B) A sole focus on unit performance spurs collaboration. 
C) It is unrealistic to think that a company can collaborate with its customers. 
D) Companies should capitalize on ideas generated within the organization alone. 
E) Collaboration is an important process of knowledge management. 
A) Collaboration occurs only within the boundaries of an organization. 
B) A sole focus on unit performance spurs collaboration. 
C) It is unrealistic to think that a company can collaborate with its customers. 
D) Companies should capitalize on ideas generated within the organization alone. 
E) Collaboration is an important process of knowledge management.

Question 7

Scenario B.Eco Lawn Care Corp. ,a company that manufacturers environmentally friendly lawn care products,has been operating as a business for a year.The CEO,Markus,started his venture by deciding on the activities that would be involved and what his goals and objectives for the business were.He then started to recruit professional chemists and other personnel and grouped them according to their responsibilities.Every month Markus conducts a meeting where he brings attention to those who are doing good work and motivates everyone to achieve organizational goals.He also checks the daily productivity of each of the workers,monitoring them and providing training to those with low productivity.
-When Markus started recruiting professionals and other personnel and grouped them according to their job responsibilities,he was performing the ________ function of management.

Accepted Answer

A) planning 
B) organizing 
C) leading 
D) controlling 
E) budgeting 
A) planning 
B) organizing 
C) leading 
D) controlling 
E) budgeting

Question 8

Being self-reliant means individuals should

Accepted Answer

A) take full responsibility for themselves and their actions. 
B) be open minded and responsive when others have innovative ideas. 
C) always wait for orders from higher management in the organization. 
D) trust that the organization will manage their career. 
E) not work in partnership with fellow employees. 
A) take full responsibility for themselves and their actions. 
B) be open minded and responsive when others have innovative ideas. 
C) always wait for orders from higher management in the organization. 
D) trust that the organization will manage their career. 
E) not work in partnership with fellow employees.

Question 9

The planning function in the new business environment can also be described more dynamically as

Accepted Answer

A) building a dynamic organization. 
B) delivering strategic value. 
C) stimulating people to be high performers. 
D) monitoring performance and implementing needed changes. 
E) motivating workers to do their jobs effectively. 
A) building a dynamic organization. 
B) delivering strategic value. 
C) stimulating people to be high performers. 
D) monitoring performance and implementing needed changes. 
E) motivating workers to do their jobs effectively.

Question 10

Explain cost competitiveness and give reasons as to why a company has to worry about its cost competitiveness.Provide a suitable example.

Accepted Answer

Student answers will vary,but should ind

Question 11

Which of the following types of companies are affected by globalization?

Accepted Answer

A) primarily large companies 
B) primarily small companies 
C) both large and small companies 
D) only companies with overseas factories 
E) only companies with immigrant workers 
A) primarily large companies 
B) primarily small companies 
C) both large and small companies 
D) only companies with overseas factories 
E) only companies with immigrant workers

Globalization has reduced the need for innovation by equalizing production costs.

State the two possible relationships an individual can have with their employer.

Marc is on the fast track to become an executive in his company.As he advances,he will most likely have less and less need of his ________ skills.

Explain the importance of emotional intelligence.

Which of the following statements is true of collaboration?

Being self-reliant means individuals should

The planning function in the new business environment can also be described more dynamically as

Explain cost competitiveness and give reasons as to why a company has to worry about its cost competitiveness.Provide a suitable example.

Which of the following types of companies are affected by globalization?

The External and Internal Environments

Managerial Decision Making

Planning and Strategic Management

Ethics, corporate Responsibility, and Sustainability

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managerial Control

Managing Technology and Innovation

Creating and Leading Change

Filters

Exam 1: Managing and Performing

Globalization has reduced the need for innovation by equalizing production costs.

State the two possible relationships an individual can have with their employer.

Marc is on the fast track to become an executive in his company.As he advances,he will most likely have less and less need of his ________ skills.

Explain the importance of emotional intelligence.

Which of the following statements is true of collaboration?

Being self-reliant means individuals should

The planning function in the new business environment can also be described more dynamically as

Explain cost competitiveness and give reasons as to why a company has to worry about its cost competitiveness.Provide a suitable example.

Which of the following types of companies are affected by globalization?

The External and Internal Environments

Managerial Decision Making

Planning and Strategic Management

Ethics, corporate Responsibility, and Sustainability

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managerial Control

Managing Technology and Innovation

Creating and Leading Change

Filters