MGT 101 Principles Of Management Final Exam Answer

 Principles Of Management Final Exam Answer

 

MGT 101 Principles Of Management Final Exam Answer

Question 1	1 points				Save
	When creativity is desirable, then:
	the organization should be completely centralized the organization should be completely decentralized some degree of decentralization is desirable it is impossible to recommend centralization or decentralization in this situation

Question 2	1 points				Save
	In order to raise the odds their commands will be accepted, Barnard recommends:
	the manager uses informal channels of communication each organization member receive directions from the most expedient communication channel the line of communication between manager and subordinate go through the CEO commands are authenticated as coming from a manager

Question 3	1 points				Save
	According to staff personnel, one reason for line/staff conflict is that line personnel:
	tend to assume staff authority do not give sound advice fail to keep staff personnel informed of their activities resist new ideas

Question 4	1 points				Save
	The three main types of authority that can exist within an organization are:
	line, staff, and formal staff, informal, and formal line, staff, and functional line, functional, and formal

Question 5	1 points				Save
	The most basic method of dividing job activities is the:
	process control method customer location method centralization method functional similarity method

Question 6	1 points				Save
	The roles that staff personnel perform include all of the following EXCEPT:
	the advisory or counseling role the service role the financial role the control role

Question 7	1 points				Save
	All of the following should be done by staff personnel to reduce line-staff conflict EXCEPT:
	emphasize the objectives of the organization as a whole encourage and educate line personnel in the appropriate use of staff personnel deal intelligently with resistance to change, rather than view it as an immovable barrier all of the above should be used by staff personnel to reduce line-staff conflict

Question 8	1 points				Save
	The process of assigning job activities and related authority to specific individuals in the organization is termed:
	delegation accountability responsibility authority

Question 9	1 points				Save
	The three steps of the delegation process are:
	create accountability, promote acceptance, and require performance assign specific duties, grant authority, and create accountability assign responsibility, create accountability, and assign specific duties create responsibility, grant authority, and promote acceptance

Question 10	1 points				Save
	The amount of power an individual in an organization possesses is:
	total power position power authority personal power

Question 11	1 points				Save
	A manager who quietly makes her significant achievements visible to others and builds up a successful record and a solid professional reputation is attempting to increase her:
	personal power through creating a belief she possesses a high level of expertise within the organization position power through creating a belief she possesses a high level of expertise within the organization personal power by establishing a sense of identification with the manager position power by establishing a sense of identification with the manager

Question 12	1 points				Save
	Which one of the following is NOT one of the three main steps of the controlling process?
	taking corrective action measuring performance establishing policies and rules comparing measured performance to standards

Question 13	1 points				Save
	A sign that a problem exists is:
	declining sales a symptom low employee morale a standard

Question 14	1 points				Save
	A good, objective method of determining the optimal amount of control to use is:
	the Delphi technique cost-benefit analysis linear programming post-control processes

Question 15	1 points				Save
	The power derived from a manager’s relationship with others is:
	total power position power authority personal power

Question 16	1 points				Save
	Making something happen the way it was planned to happen is:
	control planning influencing organizing

Question 17	1 points				Save
	The controller would most likely report to which of the following individuals?
	chairperson of the board of directors chief executive officer outside accounting firm vice president of finance

Question 18	1 points				Save
	Factors within an organization that are barriers to organizational goal attainment are:
	problems issues symptoms standards

Question 19	1 points				Save
	Because of its value to management, ______________ should be _____________ as much as possible.
	communication, ignored message encoding, ignored feedback, encouraged nonverbal communication, practiced

Question 20	1 points				Save
	Which of the following statements is most accurate regarding nonverbal communication:
	nonverbal communication is usually consistent with verbal communication nonverbal communication usually contains more meaning than verbal communication nonverbal communication should be ignored managers do not need to be effective at reading nonverbal communication

Question 21	1 points				Save
	The originator of an interpersonal communication is the:
	source encoder decoder both a and b

Question 22	1 points				Save
	In interpersonal communication, the destination’s reaction to a message, is known as:
	feedforward feedback listening the communication process

Question 23	1 points				Save
	Which form of communication is primarily used for coordinating various activities?
	formal communication lateral organizational communication downward organizational communication upward organizational communication

Question 24	1 points				Save
	A position description is an example of which form of communication?
	upward formal communication downward formal communication downward informal communication lateral formal communication

Question 25	1 points				Save
	Which of the following strategies should be followed to encourage the flow of formal communication channels?
	Support the flow of clear and concise statements through formal communication channels Take care to ensure that all organization members have free access to formal communication channels Assign specific communication responsibilities to staff personnel All of the above are effective strategies for encouraging the flow of formal communication

Question 26	1 points				Save
	Organizational communication that follows the lines of the organizational chart are:
	verbal communication informal organizational communication formal organizational communication nonverbal communication

Question 27	1 points				Save
	A source can gather nonverbal feedback simply by:
	watching the nonverbal response of the destination to the message testing the destination asking the destination questions about the message listening to the destination’s verbal response to the message

Question 28	1 points				Save
	Passing information from one individual to another in a series, or sequence, is known as:
	lateral organizational communication the grapevine serial transmission noise

Question 29	1 points				Save
	The unique way in which a manager perceives organizational problems are:
	forces in the environment forces in the task forces in the manager forces in the subordinate

Question 30	1 points				Save
	The most widely used basis for establishing departments within the formal structure is:
	functional departmentalization product departmentalization geographic departmentalization customer departmentalization

Question 31	1 points				Save
	Helgesen stipulates that ______________tend to create networks or “webs” of authority.
	men managers women managers all managers there are not any managers who do this

Question 32	1 points				Save
	Which of the following statements would be most accurate if subordinates’ activities were very similar?
	there could be a large span of control there is no need for unity of command the organization should be departmentalized by product the organization should be departmentalized by manufacturing process

Question 33	1 points				Save
	The main criticism of Max Weber’s bureaucracy is that it:
	violated the unity of command concept created a narrow span of control did not give enough concern for the human variable did not emphasize specialization of labor

Question 34	1 points				Save
	The main components of Weber’s bureaucracy include all of the following EXCEPT:
	detailed procedures and rules a clearly outlined organizational hierarchy impersonal relationships among organizational members task duplication

Question 35	1 points				Save
	A unique group of resources established by management to perform some organizational task is:
	an organizational team a group a standing committee a department

Question 36	1 points				Save
	The assignment of various portions of a particular task among a number of organizational members is:
	coordination division of labor unity of command span of control

Question 37	1 points				Save
	The writer who had the most profound influence on classical organizing theory was:
	Max Weber Frederick Taylor Abraham Maslow Henri Fayol

Question 38	1 points				Save
	All of the following are characteristics of successful JIT programs EXCEPT:
	high quality of materials purchased from supplies closeness of suppliers well-organized receiving and handling of materials purchased from suppliers low management commitment and support

Question 39	1 points				Save
	Which of the following ratios should be used when evaluating an organization’s performance?
	return on investment inventory turnover current ratio all of the above

Question 40	1 points				Save
	The operational plan of action outlining which goods and services an organization will produce is a:
	marketing strategy product strategy process strategy layout strategy

Question 41	1 points				Save
	The ratio that is calculated by dividing sales by inventory (measured in dollars) is the:
	current ratio debt ratio inventory turnover ratio return on investment ratio

Question 42	1 points				Save
	Scheduling, sequencing, routing, dispatching, and expediting are all:
	cost-benefit analysis activities break-even analysis activities shop-floor activities top-management directional activities

Question 43	1 points				Save
	The algebraic equation for the determination of the break-even point is:
	BE = VC/(P-FC) BE = P/ (FC-VC) BE = C/R BE = FC/(P-VC)

Question 44	1 points				Save
	A control tool where the manager assigns a specialized set of objectives and action plans to workers and then rewards those workers on the basis of how close they came to reaching their goals is:
	management by exception management by objectives management by consideration manpower planning

Question 45	1 points				Save
	Operational tools used to establish labor standards useful for planning, control, productivity improvements, and compensation are:
	manpower plans work measurement methods (Operational Tools in Human Resource Strategy, difficult) motion-study techniques work methods analysis

Question 46	1 points				Save
	The amount of revenue that exceeds the total costs of producing the products sold is:
	total revenue profits break-even point total costs

Question 47	1 points				Save
	Which of the following is an observable symptom of undesirably high stress levels?
	moodiness chronic worrying increased aggression all of the above

Question 48	1 points				Save
	Which of the following is NOT a guideline for reducing the resistance to change?
	change should be made as quickly as possible avoid surprises make tentative change promote real understanding of the change

Question 49	1 points				Save
	When workers come into the office frequently, but are not assigned a permanent office space:
	it is called tethering workers the worker is called fully mobile it is called hoteling it is called telecommuting

Question 50	1 points				Save
	When an organization ties together company stakeholders through e-mail or the Web, it is creating a:
	virtual team bureaucracy virtual corporation virtual office

Question 51	1 points				Save
	Which of the following statements is most accurate regarding the research conducted on the managerial grid?
	grid OD leads to increased profit for the organization grid OD leads to positive changes in managerial behavior grid OD leads to positive changes in managerial attitudes more testing needs to be completed before any conclusive statements can be made

Question 52	1 points				Save
	Which of the following would NOT be considered a potential advantage to matrix organizations?
	better customer relations shorter project development time lower project costs more complex internal operations

Question 53	1 points				Save
	The best rationale for modifying an existing organization is to increase:
	organizational effectiveness employee morale customer service profit

Question 54	1 points				Save
	Another name for a matrix organization is:
	a project organization a complex organization a multi-level multinational corporation a traditional organization

Question 55	1 points				Save
	The primary advantage of changing a traditional organization into a matrix organization is that it:
	creates a more complex internal organization is flexible enhances the equal application of company policies is easier to manage

Question 56	1 points				Save
	The process of increasing the number of operations an individual performs in a job is:
	job rotation job enlargement job enrichment team management

Question 57	1 points				Save
	According to Argyris’ continuum, as individuals mature they are more likely to do all of the following EXCEPT:
	have increasing needs for more activity have a short-term perspective have deeper and more lasting interests have control over their own destiny

Question 58	1 points				Save
	A reward that consists of the elimination of an undesirable consequence of behavior is:
	positive reinforcement negative reinforcement punishment extinction

Question 59	1 points				Save
	A manager who has a cooperative, team-centered management style who prefers to influence subordinates to complete tasks through team efforts probably has a high need for:
	achievement power affiliation control

Question 60	1 points				Save
	Which of the following focuses on managing human activity by controlling the consequences of performing that activity?
	job enrichment Needs-Goal Theory behavior modification reinforcement

Question 61	1 points				Save
	According to McClelland, people who are greatly motivated to influence other people and to assume responsibility have a high need for:
	achievement affiliation power dominance

Question 62	1 points				Save
	Rewards that come directly from performing a task are:
	goals money extrinsic rewards intrinsic rewards

Question 63	1 points				Save
	The most fundamental motivation theory that begins with an individual feeling a need is:
	ERG theory equity theory Herzberg’s Two-Factor Theory Needs-Goal Theory

Question 64	1 points				Save
	In Likert’s Management System, which management style can be categorized by a lack of confidence or trust in subordinates, with the bulk of all decision-making being done at the top of the organization?
	System 1 System 2 System 3 System 4

Question 65	1 points				Save
	In order to avoid the potential weaknesses of performance appraisals, supervisors should do all of the following EXCEPT:
	view paperwork as an aid in providing feedback make the appraisal as tactful as possible make the appraisal as objective as possible view the appraisal process as a means of rewarding or punishing employees

Question 66	1 points				Save
	The process of developing qualities in human resources that will enable them to be more productive is:
	recruitment training selection performance appraisal

Question 67	1 points				Save
	The performance appraisal should:
	focus on the evaluator’s impression of the individual’s work habits stress only performance in the position the individual holds be acceptable to the evaluator and the individual being evaluated focus on subjective areas of performance

Question 68	1 points				Save
	The form used in compiling a human resource inventory that summarizes information about organizational members who could fill a position is a:
	management manpower replacement chart position replacement form management inventory card human resource inventory

Question 69	1 points				Save
	The purpose of training is to:
	serve as a recruitment tool serve as a basis for promotion increase the compensation of individuals increase the productivity of employees by influencing their behavior

Question 70	1 points				Save
	Selection is dependent upon effective:
	recruitment performance appraisal advertising affirmative action programs

Question 71	1 points				Save
	The initial attraction and screening of the supply of prospective human resources available to fill a position is:
	performance appraisal screening selection recruitment

Question 72	1 points				Save
	Excessive rejected products, unmet deadlines, and high labor costs are all clues that help the manager:
	determine those individuals who need to be terminated determine training needs and identify needed skills identify where to place the blame determine needed areas for recruitment

Question 73	1 points				Save
	Performance appraisals can best be described as:
	a one-time evaluation of an individual’s productivity a continuing activity that provides feedback to organization members a method of developing organizational goals an activity without any potential weaknesses

Question 74	1 points				Save
	Accepted facts or truths about an object or person that have been gained from either direct experience or a secondary source are:
	attitudes beliefs values perceptions

Question 75	1 points				Save
	The approach to learning that is based on the belief that behavior is a function of its consequences and that behavior leading to positive consequences is more likely to be repeated is:
	cognitive learning perception operant learning MBO

Question 76	1 points				Save
	The basis for goal-setting strategies, which is widely used in the business world, is:
	cognitive learning perception operant learning positive reinforcement

Question 77	1 points				Save
	Managers can avoid inappropriate attributions by doing all of the following EXCEPT:
	making a greater effort to see situations as they are perceived by others guarding against perceptual distortions paying more attention to individual differences among subordinates ignoring individual differences among subordinates

Question 78	1 points				Save
	The most common application of goal-setting is:
	the path-goal theory MBO (Cognitive Learning, moderate) operant conditioning selective perception

Question 79	1 points				Save
	A predisposition to react to a situation, person, or concept with a particular response is a/an:
	belief attitude value perception

Question 80	1 points				Save
	Which of the following is NOT one of four major causes of behavior problems?
	lack of skills lack of positive attitude low salary personal problems

Question 81	1 points				Save
	Consistently providing personnel activities that are highly valued by employees will in the long run improve attitudes, intentions, and behaviors. This management philosophy is also known as the:
	golden rule law of supply and demand team management human resource approach

Question 82	1 points				Save
	Ben believes that all women are poor drivers. This is a:
	projection case of selective perception stereotype self-serving error

Question 83	1 points				Save
	A manager who has the tendency to “sell” his or her decisions is most likely to:
	be on the right-hand side of the Tannenbaum and Schmidt Leadership Continuum be a subordinate-centered leader be willing to give up significant freedom want to use their authority to a large degree

Question 84	1 points				Save
	The OSU studies concluded that leaders exhibit two main styles of behavior:
	structure behavior and employee-centered behavior consideration behavior and job-centered behavior structure behavior and consideration behavior employee-centered behavior and job-centered behavior

Question 85	1 points				Save
	According to the characteristics of the emerging leader versus characteristics of the manager, which of the following would be associated with the leader?
	independent consulting authoritative problem-solving

Question 86	1 points				Save
	Generally, except for which of the following, managers increase their success by allowing subordinates more freedom in making decisions when the subordinates have:
	a relatively high need for dependence the necessary knowledge and expertise to deal with the problem a relatively high tolerance for ambiguity learned to share in decision-making

Question 87	1 points				Save
	Which approach to leadership views the personal characteristics of an individual as the main determinants of how successful that individual could be as a leader?
	trait approach behavior approach situational approach characteristic approach

Question 88	1 points				Save
	The subtle barrier of negative attitudes and prejudices that prevents women from reaching seemingly attainable top management positions is known as the:
	glass door glass ceiling glass wall glass barrier

Question 89	1 points				Save
	According to the OSU studies, the behavior that reflects friendship, mutual trust, respect, and warmth in the relationship between leader and follower is:
	employee-centered behavior job-centered behavior consideration behavior structure behavior

Question 90	1 points				Save
	Which of the following is a situational leadership theory?
	the trait approach path-goal theory the Michigan Studies the Ohio State studies

Question 91	1 points				Save
	The Vroom-Yetton-Jago Model is designed to:
	determine the maturity level of subordinates determine the appropriate level of subordinate involvement in the decision-making process determine the degree of boss-centered activity that is appropriate determine the degree of structure in the situation

Question 92	1 points				Save
	Which of the following is the correct sequence of the stages of group development?
	acceptance, communication/decision-making, solidarity, control acceptance, solidarity, control, communication/decision-making solidarity, acceptance, communication/decision-making, control control, solidarity, acceptance, communication/decision-making

Question 93	1 points				Save
	Which of the following is least accurate regarding groups?
	they are found in all organizations an understanding of groups can help managers raise the probability the groups will cause desirable consequences for the organization groups inevitably form in all facets of organizational existence groups invariably cause desirable consequences within the organization

Question 94	1 points				Save
	A formal group of organization members who interact with one another to accomplish some nonroutine task is a/an:
	work group command group interest group task group

Question 95	1 points				Save
	Which stage of team development is characterized by conflict and disagreement as team members try to clarify their individual roles and challenge the way the team functions?
	forming norming performing storming

Question 96	1 points				Save
	The most fundamental ingredient for an effective teams is:
	money strong management support common interests trust

Question 97	1 points				Save
	Which of the following is a procedural step that could be taken to increase the probability a committee will be successful?
	rephrasing ideas already expressed specifying the authority of the committee bringing all members into active participation stimulating further thought by members

Question 98	1 points				Save
	A set of shared values and beliefs organization members have regarding the functioning and existence of their organization is:
	organizational climate corporate culture corporate climate none of the above

Question 99	1 points				Save
	Which of the following is an organization-related step in building an effective work team?
	develop clear objectives, directions, and project plans for the team reward and recognize team members for their accomplishments encourage team involvement try to make the team’s work satisfying

Question 100	1 points				Save
	Which of the following is the correct sequence of the stages for team development?
	acceptance, communication/decision-making, solidarity, control forming, norming, storming, performing, adjourning forming, storming, norming, performing, adjourning norming, forming, storming, performance, adjourning

 

mgmt 303 principles of management final exam

mgmt 303 principles of management final exam



MGMT 303 Principles of Management Final Exam – Set 1

1. (TCO1) When the dean of the college of business downsized the college from five departments to four departments, the dean primarily was performing the ____ function of management. (Points : 2)
2. (TCO 2) State supported universities receive money from state tax payers. Harvard University’s endowment is so large that Harvard is guaranteed significant income just from the interest the fund generates. The ____ dimension of these competitors is different. (Points : 2)
3. (TCO 2) The expiration of a pharmaceutical drug patent allows generic drug makers to introduce the same chemical compound under a different name and at lower prices. This is an example of ____ for the developer of the original drug. (Points : 2)
4. (TCO3) New York passed a law requiring no smoking in bars and restaurants. Owners who pressure bartenders and waiters to sell to people who are smoking in order to keep profits high are taking a(n)____ stance toward social responsibility. (Points : 2)
5. (TCO4) Coca-Cola is based out of Atlanta but reaches into hundreds of countries. The product is locally packaged, but the cola inside is essentially the same throughout the world. Coca-Cola is edging closer to being a(n) ____ business. (Points : 2)
6. (TCO4) The growth of multinational corporations has left little room for distinction. Any perceived competitive advantage is quickly copied. However, an area for competitive advantage remains in the level of ____ organizations attract, motivate, and retain. (Points : 2)
7. (TCO5) The ____ of Applebee’s is to gain “weekly repeat guests through providing surprisingly friendly hospitality, superior quality food, and world class service and value.” (Points : 2)

MGMT 303 Principles of Management Final Exam – Set 2

1. (TCO1) A CEO of a local newspaper has noticed that the advertising and subscription revenue has been decreasing. The CEO sets a goal of stopping the decline. The CEO is engaged in
2. (TCO 2) State supported universities receive money from state tax payers. Harvard University’s endowment is so large that Harvard is guaranteed significant income just from the interest the fund generates. The ____ dimension of these competitors is different.
3. (TCO 2) The expiration of a pharmaceutical drug patent allows generic drug makers to introduce the same chemical compound under a different name and at lower prices. This is an example of ____ for the developer of the original drug.
4. (TCO3) New York passed a law requiring no smoking in bars and restaurants. Owners who pressure bartenders and waiters to sell to people who are smoking in order to keep profits high are taking a(n)____ stance toward social responsibility.
5. (TCO4) Coca-Cola is based out of Atlanta but reaches into hundreds of countries. The product is locally packaged, but the cola inside is essentially the same throughout the world. Coca-Cola is edging closer to being a(n) ____ business.
6. (TCO4) Eric, an American, is an executive coach at Boeing. One of the executives he coaches is from India. Their diverse backgrounds add variety and create more solutions for management challenges. This illustrates the ____ argument.
7. (TCO5) The ____ of Applebee’s is to gain “weekly repeat guests through providing surprisingly friendly hospitality, superior quality food, and world class service and value.”
8. (TCO5) GE competes in industries ranging from medical devices to appliances to television networks. GE’s mixed strategy is an example of ____ strategy.
9. (TCO6) Jay wants to start a new business. With which of the following methods of starting a new business will he pay a share of the income from the business in return for the use of such things as trademarks and business formulas?
10. (TCO7) Sears has departments for clothing, tools, jewelry, and home goods. This is an example of departmentalization by
11. (TCO7) Andrea had worked in the marketing department for 27 years. She knows the history and successes of the office better than any other employee. When change is suggested, she is reluctant because she remembers accomplishments related to the current way of doing things. As a result of ____, she is resistant to change.
12. (TCO8) Fairway Green Inc. has added a lucrative retirement plan for its employees that includes medical benefits for retirees. These benefits target which level of need in Maslow’s hierarchy?
13. (TCO8) A mid-level manager has power within an organization due to the management position she occupies. This kind of power is known as ____ power.
14. (TCO9) You are a member of a self-managed team; the team has been experiencing interpersonal conflict among its members. Which of the following techniques could you use to eliminate the interpersonal conflict that is occurring within the self-managed team?
15. (TCO10) The credit crisis and the Federal Reserve’s response to it faced criticism from Congress. The Treasury Department requested a review of the central bank’s structure and governance. There is now broad support for auditing the Fed using the Government Accounting Office. The change in the economic and political environment of the Fed means the Fed needs to adapt its ____ control.

MGMT 303 Principles of Management Final Exam – Set 3

1. (TCO1) Discuss the functions of management. Which function of management is the most important? Support your answer.
2. (TCO2) In order to be effective and efficient, CEOs must monitor both the internal and external environments. Is it more important for the CEO to monitor the organization’s external or internal environment? Why?
3. (TCO3) You have recently been assigned as the ethics officer for your organization, as part of your responsibilities you have been asked to write a code of ethics. Discuss the three areas of special concern for managerial ethics that you will need to address specifically in the code of ethics.
4. (TCO4) There are several characteristics that an organization needs to possess to be considered a multicultural organization. Describe what a multicultural organization will look like using these characteristics.
5. (TCO5) Discuss a time in your professional or personal life when you had to implement a reaction plan. How did that plan differ from a contingency plan?
6. (TCO6) If you were considering starting you own business, what are the four major types of information would you include in your business plan?
7. (TCO7) Define the term reengineering. Discuss why an organization might need to engage in it.
8. (TCO8) Briefly explain what is meant by objective and judgmental performance evaluation. Discuss two methods of judgmental evaluation.
9. (TCO9) As a manager, in what types of situations should you use written communication? Briefly discuss the reasons why written communication would be best in these situations.
10. (TCO10) In your opinion, which two characteristics of effective controls are the most important? Why?
11. (TCO2) Compare and contrast the sociocultural and the political-legal dimensions of the general environment, with particular attention to how forces in one could affect the other.
12. (TCO3) Discuss the notion of social responsibility. Discuss how an organization is impacted when its adopts socially responsible practices.
13. (TCO4) Assume you accepted a transfer with your company to move overseas as a manager within the company’s new international division. Discuss the general environmental challenges of international management that you will face in the global environment that you did not face in the domestic environment?
14. (TCO5) The CEO of your organization has developed two potential plans to help the organization cut costs. The CEO has asked you to form a group; the members of the group are to represent a cross-section of all the departments within the organization. The goal of the group is to discuss and decide which of the two proposed plans you should implement …..
15. (TCO5) Describe the job characteristics approach to job design and explain how it is related to job enrichment and the creation of work teams.
16. (TCO8) Phil W. supervises a group of very competent workers. These employees are involved in a routine task, and the company has written standard operating procedures to cover most of the operation. Phil is trying to decide what leadership style…..?
17. (TCO9) You are the plant manager at Acme Plastics. You are running two shifts, a day shift and an evening shift. Before the day shift leaves each day, the workers must get an adequate supply of raw materials from the warehouse for the evening shift to use. On several occasions, they have failed to do so. By the time the evening shift gets to work,…..?

principles of management final exam answers

principles of management final exam answers




MGMT 303 Principles of Management Final Exam – Set 1

1. (TCO1) When the dean of the college of business downsized the college from five departments to four departments, the dean primarily was performing the ____ function of management. (Points : 2)
2. (TCO 2) State supported universities receive money from state tax payers. Harvard University’s endowment is so large that Harvard is guaranteed significant income just from the interest the fund generates. The ____ dimension of these competitors is different. (Points : 2)
3. (TCO 2) The expiration of a pharmaceutical drug patent allows generic drug makers to introduce the same chemical compound under a different name and at lower prices. This is an example of ____ for the developer of the original drug. (Points : 2)
4. (TCO3) New York passed a law requiring no smoking in bars and restaurants. Owners who pressure bartenders and waiters to sell to people who are smoking in order to keep profits high are taking a(n)____ stance toward social responsibility. (Points : 2)
5. (TCO4) Coca-Cola is based out of Atlanta but reaches into hundreds of countries. The product is locally packaged, but the cola inside is essentially the same throughout the world. Coca-Cola is edging closer to being a(n) ____ business. (Points : 2)
6. (TCO4) The growth of multinational corporations has left little room for distinction. Any perceived competitive advantage is quickly copied. However, an area for competitive advantage remains in the level of ____ organizations attract, motivate, and retain. (Points : 2)
7. (TCO5) The ____ of Applebee’s is to gain “weekly repeat guests through providing surprisingly friendly hospitality, superior quality food, and world class service and value.” (Points : 2)

MGMT 303 Principles of Management Final Exam – Set 2

1. (TCO1) A CEO of a local newspaper has noticed that the advertising and subscription revenue has been decreasing. The CEO sets a goal of stopping the decline. The CEO is engaged in
2. (TCO 2) State supported universities receive money from state tax payers. Harvard University’s endowment is so large that Harvard is guaranteed significant income just from the interest the fund generates. The ____ dimension of these competitors is different.
3. (TCO 2) The expiration of a pharmaceutical drug patent allows generic drug makers to introduce the same chemical compound under a different name and at lower prices. This is an example of ____ for the developer of the original drug.
4. (TCO3) New York passed a law requiring no smoking in bars and restaurants. Owners who pressure bartenders and waiters to sell to people who are smoking in order to keep profits high are taking a(n)____ stance toward social responsibility.
5. (TCO4) Coca-Cola is based out of Atlanta but reaches into hundreds of countries. The product is locally packaged, but the cola inside is essentially the same throughout the world. Coca-Cola is edging closer to being a(n) ____ business.
6. (TCO4) Eric, an American, is an executive coach at Boeing. One of the executives he coaches is from India. Their diverse backgrounds add variety and create more solutions for management challenges. This illustrates the ____ argument.
7. (TCO5) The ____ of Applebee’s is to gain “weekly repeat guests through providing surprisingly friendly hospitality, superior quality food, and world class service and value.”
8. (TCO5) GE competes in industries ranging from medical devices to appliances to television networks. GE’s mixed strategy is an example of ____ strategy.
9. (TCO6) Jay wants to start a new business. With which of the following methods of starting a new business will he pay a share of the income from the business in return for the use of such things as trademarks and business formulas?
10. (TCO7) Sears has departments for clothing, tools, jewelry, and home goods. This is an example of departmentalization by
11. (TCO7) Andrea had worked in the marketing department for 27 years. She knows the history and successes of the office better than any other employee. When change is suggested, she is reluctant because she remembers accomplishments related to the current way of doing things. As a result of ____, she is resistant to change.
12. (TCO8) Fairway Green Inc. has added a lucrative retirement plan for its employees that includes medical benefits for retirees. These benefits target which level of need in Maslow’s hierarchy?
13. (TCO8) A mid-level manager has power within an organization due to the management position she occupies. This kind of power is known as ____ power.
14. (TCO9) You are a member of a self-managed team; the team has been experiencing interpersonal conflict among its members. Which of the following techniques could you use to eliminate the interpersonal conflict that is occurring within the self-managed team?
15. (TCO10) The credit crisis and the Federal Reserve’s response to it faced criticism from Congress. The Treasury Department requested a review of the central bank’s structure and governance. There is now broad support for auditing the Fed using the Government Accounting Office. The change in the economic and political environment of the Fed means the Fed needs to adapt its ____ control.

MGMT 303 Principles of Management Final Exam – Set 3

1. (TCO1) Discuss the functions of management. Which function of management is the most important? Support your answer.
2. (TCO2) In order to be effective and efficient, CEOs must monitor both the internal and external environments. Is it more important for the CEO to monitor the organization’s external or internal environment? Why?
3. (TCO3) You have recently been assigned as the ethics officer for your organization, as part of your responsibilities you have been asked to write a code of ethics. Discuss the three areas of special concern for managerial ethics that you will need to address specifically in the code of ethics.
4. (TCO4) There are several characteristics that an organization needs to possess to be considered a multicultural organization. Describe what a multicultural organization will look like using these characteristics.
5. (TCO5) Discuss a time in your professional or personal life when you had to implement a reaction plan. How did that plan differ from a contingency plan?
6. (TCO6) If you were considering starting you own business, what are the four major types of information would you include in your business plan?
7. (TCO7) Define the term reengineering. Discuss why an organization might need to engage in it.
8. (TCO8) Briefly explain what is meant by objective and judgmental performance evaluation. Discuss two methods of judgmental evaluation.
9. (TCO9) As a manager, in what types of situations should you use written communication? Briefly discuss the reasons why written communication would be best in these situations.
10. (TCO10) In your opinion, which two characteristics of effective controls are the most important? Why?
11. (TCO2) Compare and contrast the sociocultural and the political-legal dimensions of the general environment, with particular attention to how forces in one could affect the other.
12. (TCO3) Discuss the notion of social responsibility. Discuss how an organization is impacted when its adopts socially responsible practices.
13. (TCO4) Assume you accepted a transfer with your company to move overseas as a manager within the company’s new international division. Discuss the general environmental challenges of international management that you will face in the global environment that you did not face in the domestic environment?
14. (TCO5) The CEO of your organization has developed two potential plans to help the organization cut costs. The CEO has asked you to form a group; the members of the group are to represent a cross-section of all the departments within the organization. The goal of the group is to discuss and decide which of the two proposed plans you should implement …..
15. (TCO5) Describe the job characteristics approach to job design and explain how it is related to job enrichment and the creation of work teams.
16. (TCO8) Phil W. supervises a group of very competent workers. These employees are involved in a routine task, and the company has written standard operating procedures to cover most of the operation. Phil is trying to decide what leadership style…..?
17. (TCO9) You are the plant manager at Acme Plastics. You are running two shifts, a day shift and an evening shift. Before the day shift leaves each day, the workers must get an adequate supply of raw materials from the warehouse for the evening shift to use. On several occasions, they have failed to do so. By the time the evening shift gets to work,…..?