Business Management Expert Answers & Study Resources

43) The plant superintendent wants to know the value of products per man hour. She is concerned with ________. A) waste B)costs C)profits D)productivity 44) Festus believes organizational effectiveness is more important to the organization than organizational productivity. What could be the rationale behind this belief? A) Organizational productivity is not directly related to organizational output. B).

98) How does corporate culture affect strategy execution? 99) Outline at least four ways to sustain organizational norms and principles. .

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 13) Because large companies have more at stake, it is more important for them to conduct strategy evaluation than it is for small companies. 14) The end of the fiscal year is the best time to do.

99) Helen noticed employee theft has increased. She has considered several options to deal with this loss. Which one of the following is likely to be the most effective concurrent control? A) Carefully screen job applicants using honesty testing. B) Dismiss any employee involved in theft. C) Publicly announce thefts when they are.

91) What best describes how much a company is worth? A) It is the result of explicit accounting standards. B) It is static. C) An educated guess. D) An exact science. E) It is known only to the firm's accountants. 93) What is the best definition of goodwill? A) Excess of current assets over liabilities B) Value associated.

100) What are the characteristics of an unhealthy culture? Quote examples from the companies situated in the Arab world. .

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 4) In his speech the previous day, the new CEO had discussed his experience in the industry and his education. Carrie thought that the new CEO would do a great job given these characteristics, coupled with his.

79) Issues that should be primarily confined to CEOs include A) planning information technology systems. B) setting performance expectations, accountability, and organizational culture. C) monitoring financial performance. D) making appointments to senior management positions. E) all the above. 80) Unlike most of their counterparts in the west, Arab CEOs face three interwoven challenges. Which of the.

51) Transparency is not so crucial for safeguarding cultural adaptation and preventing the emergence of an unhealthy culture. 52) A strong organizational culture is a strategic advantage for an organization. 53) Culture is one of the most critical factors in strategy formulation and implementation. 54) A strong culture helps a company formulate and.

109) Firms often monitor employee emails to limit the firm's legal exposure to ________. A) sexual harassment claims B)product liability claims C) employee theft D)hazardous workplace issues 110) Corporate governance ________. A) is a term that refers to legal agreements made between two or more partner firms B) refers to the compliance of the company to applicable.

ESSAY. Write your answer in the space provided or on a separate sheet of paper. 103) There are three major approaches for minimizing and resolving conflict in an organization. Define these three approaches and give an example of each. .

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 110) A leader's effectiveness does not depend on the followers' experience. 111) Workers with high levels of ability require minimal supervision. 112) A relations-oriented leadership style works well in any culture. 113) A task-oriented leader focuses on the needs.

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) Less than 2 percent of formulated strategies are successfully implemented. 2) Given that most information on individuals is available online, the extent to which companies can track individuals' movements on the Internet is not a marketing.

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 55) How are objectives in the areas of profitability, growth and market share commonly established? A) Geographic location B) Customer groups C) Product D) Business segment E) all of the above 56) Establishing objectives is a A) decentralized activity. B) centralized activity. C) top-level activity. D).

140) Coercive power and reward power are synonymous. 141) Referent power is based primarily on a person's expertise. 142) Legitimate power is inherent in management positions. 143) Legitimate power and authority are one and the same. 144) Reward power is the power that arises because of a person's desirable resources or personal traits. 145) Credibility.

111) When people judge someone on the basis of their perception of a group to which that person belongs, they are using the shortcut called ________. A) assumed similarity B)stereotyping C) self-serving bias D)the halo effect 112) "Everyone knows Plutonians are sneaky little wretches who will steal you blind if you aren't careful. Polly is.

17) Which one of the following is an advantage of using statistical reports as the source of information? A) Statistical reports can be used to obtain firsthand knowledge. B) Statistical reports are effective for showing relationships. C) Statistical reports provide unbiased information. D) Unfiltered information can be obtained using statistical reports. 18) Andrew prefers to.

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 15) Conflict of any kind is avoidable in organizations. 16) Concerning managing and resolving conflict, defusion includes such actions as ignoring the problem in the hope that the conflict will resolve itself. 17) Holding a meeting at which.

94) What permits quick response to change, prevents panic in crisis situations, and makes managers more adaptable? A) Contingency planning B) Measuring performance C) Auditing D) Implementing a balanced scorecard E) Taking corrective actions 95) What term refers to a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to.

66) Donna discovers major flaws in the packaging department. She consults the production manager and formulates control measures to improve packaging. Here, Donna is using the ________ control. A) feedback B)feedforward C)reactive D)concurrent 67) The information provided by the customer who brings a product in for warranty work can be used for ________ control A) preventive B)concurrent C)feedforward D)feedback 68).

95) Describe the importance of leadership and culture in the strategic management process. .

79) Which one of the following is a performance measurement tool that looks at four areas that contribute to a company's performance? A) information control approach B)triple bottom line method C) market value method D)balanced scorecard approach 80) ________ is the search for the best practices among competitors or non-competitors that lead to their superior.

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 59) The essence of leadership is the ability: A) to communicate the organization's main purpose and mission, but not to get too involved in strategy execution. B) to articulate vision, organize and deploy resources, and sustain productive involvement.

96) Describe the three categories of the evolving role of the CEOs. 97) Explain some of the rules for successful CEO transitions. .

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 52) Which of these is/are a basic activity of strategy evaluation? A) Taking corrective actions B) Measuring organizational performance C) Reviewing the underlying internal and external factors that represent the bases of current strategies D) all of the above E) both.

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) Leadership is defined as a process of influence that is shared in nature between leaders and followers. 2) In the Arab world leaders have not had a strong impact on the welfare of societies. 3) Certain Arab.

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 69) Which of these obligations generally must be met, regardless of circumstances? A) Fixed debt B) Employee C) Dividends D) Equity E) all of these 73) What is a drawback of using only equity to raise capital? A) The cost B) That it will.

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 87) The company announced it would be laying off several workers because of the loss of several large orders. Employees wondered how the workers to be laid off would be selected. They were concerned with ________. A).

ESSAY. Write your answer in the space provided or on a separate sheet of paper. 55) Explain the importance of delivering employee performance feedback including the use of disciplinary action. .

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 21) Which of the following statements is NOT true about algorithms? A) Problems can be solved by different algorithms in different ways. B) Algorithms can be given at different levels of detail, depending on the abilities of the agent. C).

101) Describe the three ways a strategy-culture fit helps a company’s strategy execution. 102) What are the various options for managing culture-strategy relationship? .

81) What is the best way to overcome individuals' resistance to change in strategy evaluation? A) Rational argument B) Participation C) Laissez-faire D) Emotional reactions E) Command-and-control 82) An organization's ability to adapt successfully to changing circumstances refers to its A) liquidity. B) revision power. C) future shock. D) corporate agility. E) dynamism. 84) Which of the following is not a component.

130) The dimension of trust that is used to describe honesty and truthfulness is ________. A) competence B) consistency C) integrity D) loyalty 131) Shaun is the manager of a warehouse operated by a department store. He is trusted by his subordinates because he shares information freely, is reliable, and shows extremely good judgment while.

86) Researchers who train individuals to use charismatic nonverbal behaviors do not recommend ________. A) having relaxed posture B) having animated facial expressions C) leaning toward the subordinate D) avoiding eye contact 87) ________ leaders have a vision, the ability to articulate that vision and a willingness to take risks to achieve that vision. A) Charismatic B).

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 76) When Alan was promoted to the head of the sales team at Mac Software Inc., he chose three of his closest friends in the team to form the core sales group with him. Which one of.

96) A charismatic leader is likely seen as being self-confident and influential. 97) People working for charismatic leaders are motivated to exert extra work effort but express lower satisfaction. 98) Charisma is an essential quality that leaders must possess to achieve high levels of employee performance. 99) Charisma is the ability to create.

ESSAY. Write your answer in the space provided or on a separate sheet of paper. 94) What are the four forms of leadership? .

27) Managers should use subjective measures when ________. A) work activities are critical to the organization B) organizational processes and activities are complex C) work activities cannot be expressed in quantifiable terms D) employee attitudes are at stake 28) ________ corrects the problem at once to get performance back on track. A) Basic corrective action B)Verbal feedback C).

69) In considering executives' orientations, it is apparent that A) executives differ in their orientations but rarely in their strategy implementation. B) executives all have a similar orientation and a similar approach to strategy implementation. C) executives rarely differ in their orientations but their approaches to strategy implementation can be very varied. D) executives.

41) Business organizations that have sustained growth and achieved remarkable market positions do not necessarily have a strong organizational culture. 42) The articulation of corporate values enhances loyalty among employees and creates a positive image in the marketplace. 43) Culture has a minor effect on strategy execution. 44) The founders of an organization.

120) Which one of the following is the type of power a person has because of his or her position in the formal organizational hierarchy? A) Legitimate power B) Expert power C) Reward power D) Coercive power 121) Sam is the manager at a department store. He has 20 employees working for him who are.

70) A revised ________ should indicate how effective a firm's strategies have been in response to key opportunities and threats. A) IFE matrix B) CPM matrix C) mission D) vision E) EFE matrix 72) Ineffectiveness and/or inefficiencies indicate the need for A) layoffs. B) more synergy. C) reductions in pay. D) some form of corrective action. E) consultants. 73) What is the.

135) The influence that models have on an individual is determined by the amount of attention the model gives to the learner. 136) Both positive and negative reinforcement result in learning. ESSAY.  Write your answer in the space provided or on a separate sheet of paper. 137) Define learning and explain the two.

31) Managers in the Arab world, in the era of global competition, have had to be more willing than their predecessors to participate in strategic implementation. 32) Managers in the Arab world are generally uncomfortable with leadership activities and roles. 33) In formulating strategy and engaging in implementation, CEOs have to play.

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 56) An organization hires additional personnel as soon as they get a major contract. The organization is using ________ control. A) feedforward B)management C)concurrent D)feedback 57) Contours, Inc., knows each drill bit can cut approximately 100,000 holes before the hole size is.

104) Compare and contrast charismatic and authentic leadership. MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 105) Two traits unique to most leaders are ________. A) intelligence and conscientiousness B) intelligence and narcissism C) conscientiousness and narcissism D) above-average height and blue eyes 106) A leader who cares about their followers.

11) The desired qualities that should be nurtured in leaders of the next generation, according to the GCC's definition, are far-sighted vision, ability to generate profit, and communication skills. 12) The spread of desired qualities in leaders of the next generation can be achieved by communicating the values and practices shown.

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 6) Which one of the following represents the controlling function? A) The die cast machine operator adjusts the settings on the machine. B) The shift supervisor checks the production schedule for the day. C) The quality auditor selects one piece.

125) The influence of models depends on how well an individual remembers the model's behavior. This refers to the individual's ________. A) motor reproduction process B)observational skills C) attentional process D)retention process 126) After watching a behavior in a social learning situation, a person can demonstrate learning by performing the behavior. This is known as.

21) The tradition-driven executives are particularly concerned with group harmony. 22) The tradition-driven leaders usually make decisions at the top and centralize control, and maintain formality in operational aspects and conduct. 23) In tradition-driven leadership situations, subordinates may exhibit commitment to goal implementation because of their involvement in performance. 24) The spiritually enlightened.