MGT
521 Final Exam Guide ( 30/30 Correct Answers )
To Buy this Class
Copy & paste below link in your Brower
Or Visit Our Website
Visit : http://homeworklance.com
Email Us : lancehomework@gmail.com
MGT 521 Final Exam Guide ( 30/30
Correct Answers )
1) John writes a memo to his
employees. Putting his thoughts onto paper is an example of
A. communicating
B. messaging
B. messaging
C. encoding
D. cryptography
2) Chantel received an invitation to
a web meeting that will take place at 3:00 p.m. She accepted the invitation.
This is an example of
A. formal channels of
communication
B. spontaneous communication
C. feedback as a function of
communication
D. informal channels of communication
D. informal channels of communication
3) You are doing research on
political issues and find that you are on a conservative leaning site. What
type of source credibility issue is this?
A. Credentials
B. Impartiality
C. Currency
D. Style
4) When reviewing an educational
math website, you find the author’s background is in English. What type of
source credibility issue is this?
A. Credentials
B. Impartiality
C. Currency
D. Style
5) A famous ice cream manufacturer
sent workers to a nearby grocery store to offer shoppers a sample of its new
flavor. The workers provided samples to 300 shoppers and noted that 80% of the
sample population stated they liked the flavor. Based on this scenario, which
of the following is an example of an inference?
A. Workers provided samples to
300 shoppers.
B. 20 percent of the sample
population did not like the new flavor or were indifferent.
C. The ice cream manufacturer
began producing the new ice cream flavor and offered it in stores.
D. The workers were offering samples to see if the general public liked the new flavor.
D. The workers were offering samples to see if the general public liked the new flavor.
6) Persuading or convincing others
to accept your argument means the reasoning must be logical. Which of the
following is an example of logical flaws or fallacies?
A. Opposing views are
considered
B. Hasty Generalization
C. Argument presents alternative
explanations
D. Reasoning from specific evidence
D. Reasoning from specific evidence
7) What is the best way for the CEO
to deal with managers in key positions who continue to resist a major change?
A. Minimize their interactions
with fellow employees and work around them
B. Replace them with people
who will support the change
C. Give them space and hope
they will come to see why the change was necessary
D. Keep increasing the pressure on them to support the change
D. Keep increasing the pressure on them to support the change
8) Finding a win-win solution that
allows parties who are involved to have their goals achieved is an example of
A. accommodation
B. collaboration
B. collaboration
C. team building
D. compromising
9) What is emphasized more in
ethical leadership theories than in transformational leadership?
A. Leader values
B. Leader behaviors
C. Leader skills
C. Leader skills
D. Leader traits
10) Ethical behavior and integrity
for a leader is most likely to result in
A. higher unit performance
B. higher performance ratings
for the leader by bosses
C. higher subordinate satisfaction and trust
C. higher subordinate satisfaction and trust
D. less stress for the leader
11) A common characteristic of most
entrepreneurs is that they
A. accept the risks involved
in starting and managing a business
B. have a high level of
scientific and technical expertise
C. possess a great deal of personal
wealth
D. have experience in running
large, complex organizations
12) In order to make an intelligent
investment decision, entrepreneurs should
A. limit their options to
those business investments that are backed by the U.S. government
B. invest in businesses that have generated a stable rate of profit for at least the past ten years
C. invest only in business opportunities where it is possible to take an active role in management
D. compare the risks of potential investments to their expected profits and find the right balance between profit and risk
B. invest in businesses that have generated a stable rate of profit for at least the past ten years
C. invest only in business opportunities where it is possible to take an active role in management
D. compare the risks of potential investments to their expected profits and find the right balance between profit and risk
13) The customers, employees,
stockholders, suppliers, creditors, and others who stand to gain or lose by the
policies and activities of a business represent the firm’s
A. market makers
B. economic environment
C. stakeholders
C. stakeholders
D. social mentors
14) When a firm makes use of the
SWOT analysis, one of its objectives is to
A. identify the best employees
to fill each position within the organization
B. set specific short-term
performance standards for each department
C. evaluate the desirability
of issuing stocks or bonds in the current financial climate
D. identify the things it does
well as an organization and the things it needs to improve
15) The process of rating an
organization’s practices, processes, and products against the best of the world
is known as
A. webworking
B. outsourcing
C. benchmarking
D. core competencies
16) Companies benefit today by
inter-firm cooperation. One of the ways they cooperate is through networking.
Another way is by seeking technological knowledge and learning new processes
from other firms that usually fall outside of their respective industries. We
call this
A. competency capturing
B. technology swapping
C. benchmarking
D. broadening the knowledge
base
17) An important difference between
accounting and other business functions, such as marketing and management, is
that
A. accounting functions must
be performed by an “outsider” (rather than by an employee of the business) in
order to avoid conflicts of interest
B. accounting offers us insight into whether the business is financially sound
B. accounting offers us insight into whether the business is financially sound
C. accounting involves mainly
clerical activities and thus requires very little analysis
D. accounting deals
exclusively with numbers
18) Although accounting has several
specific uses, the overall purpose of accounting can be summarized as
A. to provide financial
information that is useful to decision makers
B. to meet the legal
requirements of the Financial Accounting Standards Board (FASB)
C. to allow the government to track business activity levels
C. to allow the government to track business activity levels
D. to compute the profit or
loss and declared dividend of a business firm
19) An important advantage that
knowledge technology has over older versions of business technology is that it
A. is much cheaper to
incorporate into most business operations
B. delivers timely information
directly to the people who need it
C. allows businesses to locate
anywhere and still reach their customers
D. eliminates the need for
business to store information electronically
20) First Engineering, a large U.S.
based mechanical engineering firm, is considering entering the global market.
Upon careful analysis of the global market, they will find that global trade
A. opportunities are
diminishing
B. is dominated by emerging,
developing countries
C. is likely to be severely
restricted in the future by nontariff trade barriers
D. is big business today and
is expected to be more important in the future
21) The process of setting up
individual functional units of the business to do specialized tasks is called
A. departmentalization
B. division of labor
C. job specialization
D. delegation of authority
22) The proven success of job
specialization lies in the fact that
A. it leads to groupthink
B. it avoids the pitfalls of
division of labor, where workers become removed from thinking conceptually
about the business
C. it is a detractor to others who are thinking about entering your industry because it successfully creates barriers to entry
D. it adds efficiency to the business’s operation by identifying tasks that some do better than others
C. it is a detractor to others who are thinking about entering your industry because it successfully creates barriers to entry
D. it adds efficiency to the business’s operation by identifying tasks that some do better than others
23) Economics is the study of how a
society
A. invests wisely in the stock
market
B. employs resources to
produce goods and services and distribute them among competing groups and
individuals
C. employs statistical techniques to make predictions about the evolution of society over the long run
D. governs itself for the good of its citizens
C. employs statistical techniques to make predictions about the evolution of society over the long run
D. governs itself for the good of its citizens
24) How is it that people working in
their own self-interest produce goods, services, and wealth for others?
A. By taking advantage of a
vast supply of labor, people working in their own self-interest could hire
others at very low wages.
B. In order to earn money and produce goods that improve lives, self-directed gain would provide jobs, and subsequently wages for others.
C. The government pays entrepreneurs in the United States to produce goods, services, and wealth for others.
D. Entrepreneurs tend to include themselves in a group of people who need charitable support. A portion of the entrepreneur’s profit (as required by law) goes to the charity of one’s choice to support the less fortunate.
B. In order to earn money and produce goods that improve lives, self-directed gain would provide jobs, and subsequently wages for others.
C. The government pays entrepreneurs in the United States to produce goods, services, and wealth for others.
D. Entrepreneurs tend to include themselves in a group of people who need charitable support. A portion of the entrepreneur’s profit (as required by law) goes to the charity of one’s choice to support the less fortunate.
25) The ultimate resource of a firm
is its
A. business plan
B. marketing mix
C. capital budget
C. capital budget
D. employees
26) Today, human resource management
has become so important that in many firms it has become
A. a function performed by
managers in all areas of the organization
B. the main responsibility of
the firm’s legal staff
C. a function handled only by
specialists in the human resource department
D. function handled only by the firm’s top management
D. function handled only by the firm’s top management
27) Which of the following is
included in performing a business analysis?
A. Hiring new employees
B. Entering global markets
C. Conducting a SWOT analysis
D. Networking
28) When the competition is intense
and the environment is changing rapidly, it is especially important to
A. maintain a high level of
external monitoring
B. have detailed plans and
operating procedures
C. increase the power of the
chief executive
D. strengthen the organization
culture
29) Which of the following would be
a concern addressed in a strategic plan?
A. Which specific jobs should
be assigned to each employee?
B. How much output should be
produced this week in a given production facility?
C. Which computer software
package should the firm’s human resources office use to manage the payroll?
D. Should the firm make a long-term commitment to expand into new markets?
D. Should the firm make a long-term commitment to expand into new markets?
30) Tactical planning is concerned
with
A. determining the best way to
cope with an emergency situation
B. devising temporary courses
of action to be used if the primary plans do not achieve the desired results
C. developing detailed strategies about what is to be done, who is to do it, and how it is to be done
D. setting long run goals that will govern the general course of the organization for years
C. developing detailed strategies about what is to be done, who is to do it, and how it is to be done
D. setting long run goals that will govern the general course of the organization for years
No comments:
Post a Comment