GB 370 FINAL EXAM OLE MISS
COMPLETELY SOLVED!!!
what are the backbone of business plans? - ANSWERFinancial Factors
What is the easiest business legal structure to start up? - ANSWERSole Proprietorship
What does MVP stand for? - ANSWERMinimum Viable Product
Differentiation of products create _______ rivalry - ANSWERless
An Organizational analysis is an assessment of _________ and ___________ -
ANSWERStrengths and weaknesses
POLC framework stands for - ANSWERplanning, organization, leading, controlling
Strategy falls under what category of POLC - ANSWERplanning
True or false: Uncertainty is one of the main driving forces in an organization -
ANSWERtrue
True or False: Strategy is only relevant to large public companies - ANSWERfalse
What is Fred Taylor famous for? - ANSWERtime studies
Bounded rationality is - ANSWERwhen decision makers are limited by having
incomplete information as well as by their values, unconscious reflexes, skills, and
habits
Whether an alternative is within the realm of probability and practicality for the
organization is the definition of which alternative evaluation criteria? -
ANSWERFeasibility
Operational plans flow directly from ________ plans - ANSWERtactical
the decision to hire a janitorial service, buy a fleet of sales vehicles, or hire a PR expert
are all decisions made under _________ - ANSWERuncertainty
What is an example of a programmed decision? - ANSWERStudents sits in the same
seat in mgmt 101 every class even though seats are unassigned
True or False: A Delphi group is an example of an interacting group - ANSWERfalse
, True or false proper implementation of tactical plans requires a clear cut operational
plan - ANSWERfalse
A manager who had difficulty identifying alternatives and assessing their probabilities is
experiencing __________________________ - ANSWERdecision making under
uncertainty
Reduced innovativeness occurs because employees are used to behaving in a certain
manner is a disadvantage of ____________ in organizational structure -
ANSWERformalization
True or false in centralized companies many important decisions are made at lower
levels of their hierarchy - ANSWERfalse
Youtube was operating at a loss when Google bought it. Three years later it is still
operating at a loss. Google may be experiencing - ANSWERescalation of commitment
a balloon loan requires only the ___ to be paid before the final day of the loan -
ANSWERinterest
A no interest loan cannot be more than ______ - ANSWER$100,000
True or false Self financing is the most common form of financing in business start ups -
ANSWERTrue
Workers comp insurance is generally determined by _________ - ANSWERthe state
True false a government's decision to intervene in a market is always to support the
interests of the country as a whole - ANSWERfalse
True or false A bill of lading acts as a tax document - ANSWERfalse
True or False Ad Valorem tariffs are levied as a proportion of the value of the imported
goods - ANSWERtrue
True or False the infant industry argument is and economic reason for government
intervention - ANSWERTrue
True or false China is the #1 importer and exporter - ANSWERfalse
True or false Multimarket flexibility means that international businesses may respond to
a change in one country by implementing a change in another country - ANSWERtrue
The international Trade Loan program would fall under which loan category ? -
ANSWERSpecial purpose loans
COMPLETELY SOLVED!!!
what are the backbone of business plans? - ANSWERFinancial Factors
What is the easiest business legal structure to start up? - ANSWERSole Proprietorship
What does MVP stand for? - ANSWERMinimum Viable Product
Differentiation of products create _______ rivalry - ANSWERless
An Organizational analysis is an assessment of _________ and ___________ -
ANSWERStrengths and weaknesses
POLC framework stands for - ANSWERplanning, organization, leading, controlling
Strategy falls under what category of POLC - ANSWERplanning
True or false: Uncertainty is one of the main driving forces in an organization -
ANSWERtrue
True or False: Strategy is only relevant to large public companies - ANSWERfalse
What is Fred Taylor famous for? - ANSWERtime studies
Bounded rationality is - ANSWERwhen decision makers are limited by having
incomplete information as well as by their values, unconscious reflexes, skills, and
habits
Whether an alternative is within the realm of probability and practicality for the
organization is the definition of which alternative evaluation criteria? -
ANSWERFeasibility
Operational plans flow directly from ________ plans - ANSWERtactical
the decision to hire a janitorial service, buy a fleet of sales vehicles, or hire a PR expert
are all decisions made under _________ - ANSWERuncertainty
What is an example of a programmed decision? - ANSWERStudents sits in the same
seat in mgmt 101 every class even though seats are unassigned
True or False: A Delphi group is an example of an interacting group - ANSWERfalse
, True or false proper implementation of tactical plans requires a clear cut operational
plan - ANSWERfalse
A manager who had difficulty identifying alternatives and assessing their probabilities is
experiencing __________________________ - ANSWERdecision making under
uncertainty
Reduced innovativeness occurs because employees are used to behaving in a certain
manner is a disadvantage of ____________ in organizational structure -
ANSWERformalization
True or false in centralized companies many important decisions are made at lower
levels of their hierarchy - ANSWERfalse
Youtube was operating at a loss when Google bought it. Three years later it is still
operating at a loss. Google may be experiencing - ANSWERescalation of commitment
a balloon loan requires only the ___ to be paid before the final day of the loan -
ANSWERinterest
A no interest loan cannot be more than ______ - ANSWER$100,000
True or false Self financing is the most common form of financing in business start ups -
ANSWERTrue
Workers comp insurance is generally determined by _________ - ANSWERthe state
True false a government's decision to intervene in a market is always to support the
interests of the country as a whole - ANSWERfalse
True or false A bill of lading acts as a tax document - ANSWERfalse
True or False Ad Valorem tariffs are levied as a proportion of the value of the imported
goods - ANSWERtrue
True or False the infant industry argument is and economic reason for government
intervention - ANSWERTrue
True or false China is the #1 importer and exporter - ANSWERfalse
True or false Multimarket flexibility means that international businesses may respond to
a change in one country by implementing a change in another country - ANSWERtrue
The international Trade Loan program would fall under which loan category ? -
ANSWERSpecial purpose loans
