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Question 1.
1. Which of the following is an example of an
organization?
(Points : 4)
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[removed] The
Department of Commerce
[removed] Apple Inc.
[removed] The
American Red Cross
[removed] All of the
above
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Question 2.
2. In the National Football League, the
promotional ads are a(n) _____ resource. (Points : 4)
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[removed] international
[removed] physical
[removed] informational
[removed] human
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Question 3.
3. Which of the following correctly lists all
of the basic management functions? (Points : 4)
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[removed] Planning and
decision making, organizing, leading, and controlling
[removed] Planning,
decision making, organizing, and controlling
[removed] Planning
and decision making, leading, and organizing
[removed] Decision
making, controlling, leading, and coordinating
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Question 4.
4. The Ford Motor Company sold an auto parts
company because profitability was low. The main environmental
dimension considered was (Points : 4)
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[removed] Sociocultural.
[removed] Technological.
[removed] Economic.
[removed] Political/legal.
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Question 5.
5. The degree to which an organization is
impacted by or involved in businesses in other countries refers to
its (Points : 4)
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[removed] Political/legal
dimension.
[removed] International
environment.
[removed] Economic
dimension.
[removed] Sociocultural
dimension.
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Question 6.
6. Which of the following is the MOST common
approach to the management of ethics? (Points : 4)
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[removed] Top
management support
[removed] An
unwritten code of ethics
[removed] A written
code of ethics and top management support
[removed] Government
regulation
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Question 7.
7. Identify the statement below that is NOT
one of the arguments offered in favor of social responsibility.
(Points : 4)
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[removed] A business
should fix the problems it creates.
[removed] Corporations
have many of the same obligations and privileges as private
citizens.
[removed] A business
is a partner in society with the government and the general
population.
[removed] Business
executives are uniquely qualified to make decisions such as these.
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Question 8.
8. Which of the following is usually has the
least amount of risk as an international business? (Points : 4)
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[removed] Licensing
strategy
[removed] Joint
venture
[removed] Importing/exporting
strategy
[removed] Direct
investment
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Question 9.
9. _____ is the form of international
business agreement in which two or more firms have an equity stake
in an operation. (Points : 4)
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[removed] International
brokering
[removed] Direct
investment
[removed] A
strategic alliance
[removed] A joint
venture
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Question 10.
10. With whom is the United States involved
in a mature market system? (Points : 4)
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[removed] The Latin
American Integration Association
[removed] The
Caribbean Common Market
[removed] Canada and
Mexico
[removed] Pacific
Asia
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Question 11.
11. You have decided to become a small
business owner. On your business plan, you state that you will be
offering high-quality products with the best customer service. What
does this statement in your business plan represent? (Points :
4)
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[removed] An
operational plan
[removed] A mission
statement
[removed] A
strategic plan
[removed] A tactical
plan
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Question 12.
12. If Delta Airlines decides to buy a
regional carrier, this would be an example of a(n) _____ plan.
(Points : 4)
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[removed] Operational
[removed] Strategic
[removed] Tactical
[removed] Contingency
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Question 13.
13. When dealing with the strategic planning
for an organization, the _____ is the single most important
individual in the planning process. (Points : 4)
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[removed] Chief
executive officer
[removed] Chief
legal counsel
[removed] Head of
planning task force
[removed] Chief
financial officer
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Question 14.
14. Identify the statement that is TRUE when
comparing large and small businesses. (Points : 4)
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[removed] Big
businesses outnumber small businesses by a wide margin.
[removed] Small
businesses show consistently lower financial performance than big
businesses.
[removed] Business
success creates jobs regardless of size.
[removed] Small
business formations are on the decline, but the rate for big
businesses is increasing.
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Question 15.
15. Due to cost and other factors, for which
of the following industries are you LEAST likely to find a small
business owner? (Points : 4)
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[removed] Transportation
[removed] Service
[removed] Retailing
[removed] Manufacturing
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Question 16.
16. Which is the most popular source of funds
for a small business? (Points : 4)
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[removed] Bank loans
[removed] Personal
financial resources
[removed] Money from
venture capitalists
[removed] Issuing
stock in the business
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Question 17.
17. Which of the following is not a
characteristic of the new economy? (Points : 4)
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[removed] Job
opportunities are for knowledge workers.
[removed] Business
accepts its social responsibilities.
[removed] National
borders limit competition.
[removed] Customer
needs drive business.
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Question 18.
18. Plans that apply to the entire
organization, establish the organization's overall objectives, are
called _____ plans. (Points : 4)
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[removed] Operational
[removed] Tactical
[removed] Strategic
[removed] Specific
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Question 19.
19. As more employees telecommute (do their
work from home), managerial emphasis will be on the: (Points :
4)
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[removed] Control of
working hours.
[removed] Means by
which work is accomplished.
[removed] Sources of
managerial power.
[removed] Final
output.
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Question 20.
20. When uncertainty is high and management
must maintain flexibility, which of the following types of plans
are preferable? (Points : 4)
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[removed] Long-term
plans
[removed] No plans
[removed] Directional
plans
[removed] Specific
plans
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Question 21.
21. The greater the uncertainty, the more
plans should be of the _____ variety. (Points : 4)
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[removed] Long-term
[removed] Short-term
[removed] Intermediate
in length
[removed] Rigid
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Question 22.
22. Business ethics deals primarily with
(Points : 4)
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[removed] Social
responsibility
[removed] The
pricing of products and services
[removed] Moral
obligation
[removed] Being
unfair to the competition
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Question 23.
23. The statement that answers the question,
"what business are we in," is best described by which of the
following? (Points : 4)
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[removed] Strategic
plan
[removed] Mission
[removed] Strategic
purpose
[removed] Tactical
objective
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Question 24.
24. A company that is assessing its large
capital, skilled workers, and many patents is analyzing which of
the following? (Points : 4)
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[removed] Strength
[removed] Weakness
[removed] Opportunity
[removed] Threat
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Question 25.
25. When Northwest Airlines begins providing
"car rental upgrade" to their business frequent flyers, which of
the following business strategies it is pursuing? (Points : 4)
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[removed] Imitation
[removed] Focus
[removed] Sticking
to core competencies
[removed] Domination
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Question 26.
26. What skill centers on a manager's mental
ability to coordinate all of the organization's interests and
activities? (Points : 4)
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[removed] Conceptual
[removed] Interpersonal
[removed] Technical
[removed] Political
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Question 27.
27. The Major contributor to employee theft
is (Points : 4)
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[removed] Employee
poverty.
[removed] Management
ethical climate perceived to be lenient
[removed] Management
ethical climate with rigid attitudes
[removed] The lack
of year-end bonuses
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Question 28.
28. Team leader Gary is scheduled to prepare
a performance of Lisa, a team member who also happens to be his
wife's closest friend. The ethical temptation Gary faces is (Points
: 4)
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[removed] Sexual
harassment.
[removed] Misuse of
corporate resources.
[removed] Dealing
with confidential information.
[removed] Conflict
of interest.
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Question 29.
29. The stakeholder view of social
responsibility states that organizations must respond to the needs
of (Points : 4)
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[removed] Employees and
customers.
[removed] Shareholders
and owners.
[removed] All
interested and involve parties.
[removed] All those
who might sue the organization.
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Question 30.
30. Which one of the following approaches to
creating an ethical and socially responsible workplace is likely to
be the most powerful? (Points : 4)
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[removed] Passing out
buttons with the statement "Just Say No to Bad Ethics"
[removed] Placing
posters about ethics throughout the organization
[removed] Top
management acting as models of the right behavior
[removed] Including
a statement about ethics and social responsibility in the employee
handbook
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Question 31.
31. A firm is said to have good corporate
social performance when (Points : 4)
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[removed] Stockholders
invest in socially responsible causes.
[removed] Workers
are well paid and layoffs are minimized.
[removed] The
company has not been convicted of ethical violations for five
consecutive years.
[removed] Stakeholders
are satisfied with its level of social responsibility.
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Question 32.
32. Which of the following is an argument
against formal planning? (Points : 4)
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[removed] Planning
focuses on the future.
[removed] Planning
may create rigidity.
[removed] Planning
replaces creativity.
[removed] Planning
ignores prior successes.
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Question 33.
33. Tim's Company is analyzing the technology
that allows it to produce wireless communication equipment for less
money. This technological breakthrough for Tim's Company is which
of the following? (Points : 4)
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[removed] Strength
[removed] Weakness
[removed] Opportunity
[removed] Threat
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Question 34.
34. Larry's Company is in the process of
buying a smaller competitor and incorporating that company's
resources into his business. This is an example of which of the
following types of strategies? (Points : 4)
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[removed] Domination
[removed] Sticking
to core competencies
[removed] Strategic
alliances
[removed] Redefining
the industry
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Question 35.
35. Why people do not like change? (Points :
4)
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[removed] Fear of
losing something already possessed
[removed] Change
substitute's ambiguity and uncertainty for the known
[removed] The time
and effort they invest in learning the existing system
[removed] All of the
above
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