Q1. A good tactic for career management is to work for a manager who will play a constructive role in your career.
a. true
b. false
Q2. To be effective, a manager must simply understand how the four management functions are defined and related.
a. true
b. false
Q3. The maintenance stage is the second stage of career evolution and occurs when individuals from about 25 to 45 years old start to become productive.
a. true
b. false
Q4. Technical skills involve the ability to build cooperation within the team being led.
a. true
b. false
Q5. Managerial effectiveness is measured by the extent to which the manager achieves organizational goals.
a. true
b. false
Q6. The statement that management principles are universal means that these principles apply to all types of organizations and organization levels.
a. true
b. false
Q7. Organizational resources include monetary, human, raw materials, and capital.
a. true
b. false
Q8. When an individual loses interest in his career, fails to keep his job skills updated, and suffers a lack of productivity, he has most likely entered which stage of his career?
a. maintenance
b. establishment
c. exploration
d. trial
e. decline
Q9. Management is the process of reaching organizational goals by working with and through people and other resources.
a. true
b. false
Q10. A number of interdependent parts functioning independently of each other are a system.
a. true
b. false
Q11. Gantt’s favored compensation system incorporated a piece-rate system and a bonus system.
a. true
b. false
Q12. A plant is an example of an open system.
a. true
b. false
Q13. Which of the following researchers has made the greatest contribution to the human relations movement?
a. Frederick Taylor
b. L. Thomas Hopkins
c. Lillian Gilbreth
d. Abraham Maslow
e. Henry Fayol
Q14. The scientific management approach to management emphasizes the ‘one best way’ to perform a task.
a. true
b. false
Q15. Which of the following is most accurate when describing the management thinking that emerged as a result of the Hawthorne studies?
a. social relationships are unimportant in worker performance
b. the emphasis should be placed on task efficiency in job design
c. the human variable in organizations required much more analysis
d. job design should involve the bonus system
e. managerial problems should be solved through the utilization of management science techniques
Q16. Douglas McGregor emphasized a management philosophy built upon the views that people can be self-directed and accept responsibility.
a. true
b. false
Q17. The management system is a closed system.
a. true
b. false
Q18. The classical approach to management was the product of the first concentrated effort to develop a body of management thought.
a. true
b. false
Q19. Organizations characterized by attitudes and behaviors consistent with either the social responsibility or the social obligation approach are generally more socially responsive than organizations characterized by attitudes and behaviors consistent with the social responsiveness approach.
a. true
b. false
Q20. One of the strong arguments for business performing socially responsible activities is that business is a very influential member of society, so it has the responsibility to help maintain and improve the overall welfare of society.
a. true
b. false
Q21. Using ethics as a major guide for making and evaluating business decisions is only popular in the United States.
a. true
b. false
Q22. Adherence to legislated social responsiveness is the minimum standard of social responsibility performance that managers must achieve.
a. true
b. false
Q23. There is very little controversy regarding the need for corporations to be actively involved in socially responsible behavior.
a. true
b. false
Q24. Which federal agency strives to reduce consumer misunderstandings of manufacturers’ product design, labeling, and so on, by promoting clarity of these messages?
a. Environmental Protection Agency
b. Equal Employment Opportunity Commission
c. Occupational Safety and Health Administration
d. Consumer Product Safety Commission
Q25. Which of the following stakeholders is owed the obligation of having debts repayed?
a. Banks and Lenders
b. Consumers
c. Government
d. Stockholders
Q26. The philosophy that you should act in a way you would expect others to act toward you is known as the utilitarian principle.
a. true
b. false
Q27. A prejudice is a preconceived judgment, opinion, or assumption about an issue, behavior, individual, or group of people.
a. true
b. false
Q28. ‘Token’ employees are always given very high visibility in an organization.
a. true
b. false
Q29. According to The Hudson Institute report, the United States must pay more attention to its share of world trade and less to the growth of the economies of other nations of the world so that we can have a worse economy.
a. true
b. false
Q30. ________ is a preconceived judgment, opinion or assumption about an issue.
a. Ethnocentrism
b. A stereotype
c. Tokenism
d. Prejudice
Q31. Role conflict refers to having too many expectations to comfortably fulfill.
a. true
b. false
Q32. Diversity is the degree of basic human differences among a given population.
a. true
b. false
Q33. Managers cannot rise to the challenge of managing a diverse workforce unless they recognize that many employees have difficulties coping with diversity.
a. true
b. false
Q34. The multicultural approach to organizational diversity is the most effective approach to pluralism.
a. true
b. false
Q35. One of the similarities of international management and domestic management is that the vast majority of countries experience the industrial revolution at the same time.
a. true
b. false
Q36. Third-country nationals are organization members who are citizens of the country in which the facility of a foreign-born organization is located.
a. true
b. false
Q37. Managers who usually make foreign investments normally expect such investments will allow participation in the rapid expansion of a market abroad.
a. true
b. false
Q38. Host-country nationals are organizational members who are citizens of one country and who work in another country for an organization headquartered in still another country.
a. true
b. false
Q39. One form of international management is fighting competition in foreign markets.
a. true
b. false
Q40. The geocentric attitude reflects the belief that the overall quality of management recommendations, rather than the location of managers, should determine the acceptability of management practices used to guide multinational corporations.
a. true
b. false
Q41. Importing is the buying of goods or services from another country.
a. true
b. false
Q42. Recently, investments by foreign countries in the United States are growing more rapidly than U.S. investments in foreign countries.
a. true
b. false
Q43. Individuals with extended social networks are more likely to identify potential entrepreneurial opportunities than those with more narrow social networks.
a. true
b. false
Q44. ________ occurs when a firm attempts to alter its own competitive strategy.
a. Domain definition
b. Sustained regeneration
c. Strategic renewal
d. Organized rejuvenation
Q45. Today, approximately ________ angel investors provide capital to companies each year.
a. 40,000
b. 4,000
c. 400,000
d. 14,000
Q46. ________ of new organizations are started by entrepreneurial teams.
a. 30%
b. 75%
c. 60%
d. 45%
Q47. With respect to corporate entrepreneurship, sustained regeneration occurs when firms develop new culture, processes, or structures to support new product innovations.
a. true
b. false
Q48. Opportunity evaluation is the first stage of the entrepreneurial process.
a. true
b. false
Q49. ________ is the likelihood and magnitude of an opportunity’s downside loss.
a. Feasibility analysis
b. Entrepreneurial risk
c. Entrepreneurial alertness
d. Information asymmetry
Q50. ________ are firms that raise money from investors and then use money to make investments in new firms.
a. Entrepreneurs
b. Lending institutions
c. Angel investors
d. Venture capitalists
