MGMT 3301 - Midterm Exam Management Process
Questions With Complete Solutions
__________ are comfortable with abstraction and unstructured
situations. They tend to be idealistic, prone toward intellectual
and theoretical positions, and are logical and impersonal.
Correct Answers Intuitive thinkers
__________ is the requirement to show performance results to a
supervisor. Correct Answers Accountability
__________ occurs through direct supervision or administrative
systems. Correct Answers External control
_______________ are special strengths that an organization has
or does exceptionally well and that help it outperform
competitors. Correct Answers Core competencies
_______________ is the active oversight by boards of directors
of top management decisions in such areas as corporate strategy
and financial reporting. Correct Answers Corporate governance
_______________ planning identifies alternative courses of
action that can be quickly taken if problems occur with the
original plan. Correct Answers Contingency
3 types of cooperative strategies Correct Answers - strategic
alliances
- supply chain
- co-opetition
,A __________ customizes products and advertising to the
culture of the local markets into which they are sold. Correct
Answers multidomestic strategy
A __________ organization would have a __________ span of
control. Correct Answers flat; wide
A __________ views the world as one market and adopts
standard products and advertising for use worldwide. Correct
Answers globalization strategy
A _______________ in the BCG Matrix would have a high
market share in a low-growth market. Correct Answers cash
cow
A "tall" organization will likely have _________________
spans of control than a "flat" organization with the same number
of members. Correct Answers narrower
A bureaucratic organization is similar to a(n) _________.
Correct Answers mechanistic organization
A common mistake made by managers facing crisis situations is
_______________. Correct Answers trying to get too much
information before responding
A company buys cloth in one country, has designs made in
another country, has the garments sewn in another country, and
sells the finished product in yet other countries. This firm is
actively engaging in the practice of _______________. Correct
Answers global sourcing
,A company legally works with its rivals on projects of mutual
benefit. This is called __________. Correct Answers co-
opetition
A company poster lists instructions as to what to do in case of a
fire alarm. This is an example of a(n) __________. Correct
Answers procedure
A comprehensive action plan that identifies long-term direction
for an organization is called a(n) __________. Correct Answers
strategy
A cross-functional team member in a matrix structure reports to
__________. Correct Answers 2 managers
A decision that attempts to select the absolute best alternative
solution to a problem is called a(n) __________. Correct
Answers optimizing decision
A firm that wants to compete with rivals by selling a very low-
priced product in a broad market would need to successfully
implement a _______________. Correct Answers cost
leadership strategy
A good performance objective is written in such a way that it
_______________. Correct Answers can be easily measured
A group-based decision would be called for in all of the
following cases, EXCEPT if: Correct Answers the problem
needs a quick solution.
, A lack-of-participation error occurs when: Correct Answers
employees, who have to implement the decision, do not
participate in the decision making process.
A manager who decides against hiring a new employee who just
graduated from Downstate University because the last person
hired from there turned out to be a low performer is falling prey
to _______________. Correct Answers anchoring error
A manager who is reactive and works hard to address problems
after they occur is described as a _______________. Correct
Answers problem solver
A manufacturing business with a functional structure has
recently acquired two other businesses with very different
product lines. The president of the combined company might
consider using a _________________ to allow a better focus on
the unique needs of each product area. Correct Answers
divisional structure
A marketing plan in a business firm would most likely deal with
_______________. Correct Answers sales and product
distribution
A person who supports and is responsible for the work of others
is called a(n) __________. Correct Answers manager
A plan covering production activities for the three months would
be an example of a(n) __________. Correct Answers
operational plan
Questions With Complete Solutions
__________ are comfortable with abstraction and unstructured
situations. They tend to be idealistic, prone toward intellectual
and theoretical positions, and are logical and impersonal.
Correct Answers Intuitive thinkers
__________ is the requirement to show performance results to a
supervisor. Correct Answers Accountability
__________ occurs through direct supervision or administrative
systems. Correct Answers External control
_______________ are special strengths that an organization has
or does exceptionally well and that help it outperform
competitors. Correct Answers Core competencies
_______________ is the active oversight by boards of directors
of top management decisions in such areas as corporate strategy
and financial reporting. Correct Answers Corporate governance
_______________ planning identifies alternative courses of
action that can be quickly taken if problems occur with the
original plan. Correct Answers Contingency
3 types of cooperative strategies Correct Answers - strategic
alliances
- supply chain
- co-opetition
,A __________ customizes products and advertising to the
culture of the local markets into which they are sold. Correct
Answers multidomestic strategy
A __________ organization would have a __________ span of
control. Correct Answers flat; wide
A __________ views the world as one market and adopts
standard products and advertising for use worldwide. Correct
Answers globalization strategy
A _______________ in the BCG Matrix would have a high
market share in a low-growth market. Correct Answers cash
cow
A "tall" organization will likely have _________________
spans of control than a "flat" organization with the same number
of members. Correct Answers narrower
A bureaucratic organization is similar to a(n) _________.
Correct Answers mechanistic organization
A common mistake made by managers facing crisis situations is
_______________. Correct Answers trying to get too much
information before responding
A company buys cloth in one country, has designs made in
another country, has the garments sewn in another country, and
sells the finished product in yet other countries. This firm is
actively engaging in the practice of _______________. Correct
Answers global sourcing
,A company legally works with its rivals on projects of mutual
benefit. This is called __________. Correct Answers co-
opetition
A company poster lists instructions as to what to do in case of a
fire alarm. This is an example of a(n) __________. Correct
Answers procedure
A comprehensive action plan that identifies long-term direction
for an organization is called a(n) __________. Correct Answers
strategy
A cross-functional team member in a matrix structure reports to
__________. Correct Answers 2 managers
A decision that attempts to select the absolute best alternative
solution to a problem is called a(n) __________. Correct
Answers optimizing decision
A firm that wants to compete with rivals by selling a very low-
priced product in a broad market would need to successfully
implement a _______________. Correct Answers cost
leadership strategy
A good performance objective is written in such a way that it
_______________. Correct Answers can be easily measured
A group-based decision would be called for in all of the
following cases, EXCEPT if: Correct Answers the problem
needs a quick solution.
, A lack-of-participation error occurs when: Correct Answers
employees, who have to implement the decision, do not
participate in the decision making process.
A manager who decides against hiring a new employee who just
graduated from Downstate University because the last person
hired from there turned out to be a low performer is falling prey
to _______________. Correct Answers anchoring error
A manager who is reactive and works hard to address problems
after they occur is described as a _______________. Correct
Answers problem solver
A manufacturing business with a functional structure has
recently acquired two other businesses with very different
product lines. The president of the combined company might
consider using a _________________ to allow a better focus on
the unique needs of each product area. Correct Answers
divisional structure
A marketing plan in a business firm would most likely deal with
_______________. Correct Answers sales and product
distribution
A person who supports and is responsible for the work of others
is called a(n) __________. Correct Answers manager
A plan covering production activities for the three months would
be an example of a(n) __________. Correct Answers
operational plan
