BUSMHR 2292 Midterm 1 Exam Questions With
Correct Answers
Primary differences for profit oriented businesses deal with: - CORRECT
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ANSWER✔✔-Single or double taxation | | |
Liability sharing (2 types of liability)
| | | | |
Paperwork & legal costs | | |
Ken Jennings question about artificial intelligence? - CORRECT ANSWER✔✔-What
| | | | | | | |
happens to society when the world has all this artificial intelligence
| | | | | | | | | | |
Google's 5 key characteristics to high performing teams? - CORRECT ANSWER✔✔-
| | | | | | | | | |
1. Dependability
|
2. Structure and clarity- Clarifying team deliverables
| | | | | |
3. Meaning
|
4. Impact
|
5. Psychological saftey- Feeling like you can approach or share your opinion and
| | | | | | | | | | | | |
showing vulnerability and bravery to speak up
| | | | | |
Bruce Tuckman's Team Model - CORRECT ANSWER✔✔-1. Forming- Just meeting
| | | | | | | | | |
your team; There's a need for a leader, no clear goals and deliverable for team,
| | | | | | | | | | | | | | |
people don't know their roles yet
| | | | |
2. Storming- Dividing up who will do what for the group
| | | | | | | | | |
,3. Norming- Working with the same group of people on a similar project; Reliance
| | | | | | | | | | | | |
on leader starts diminishing; leader is not needed to tell people what to do as it
| | | | | | | | | | | | | | | | |
would've been during the forming stages
| | | | |
4. Performing- Team is delivering results consistently
| | | | | |
5. Adjourning-Everyone goes their separate ways
| | | | |
Note: Model is not linear, it is a circular motion; You don't have to start at a
| | | | | | | | | | | | | | | | |
specific place, the group can catch you up to speed as you join the performing
| | | | | | | | | | | | | | |
stage
Goal: Have an understanding of the different stages to get get team to performing
| | | | | | | | | | | | |
stage
|
Social Loafing - CORRECT ANSWER✔✔-The more people on the team the easier it
| | | | | | | | | | | |
is to hide; Dependability, structure and clarity is a lot more difficult because
| | | | | | | | | | | | | |
there's more people to coordinate
| | | |
Groupthink - CORRECT ANSWER✔✔-An idea gets thrown out, and the consensus
| | | | | | | | | | |
is collected; Someone had the idea and everyone kind of just went along with it
| | | | | | | | | | | | | | |
because they didn't mind | | |
What are The five dysfunctions of a team book? - CORRECT ANSWER✔✔-1.
| | | | | | | | | | | |
Inattention to Results | |
,2. Avoidance of accountability
| | |
3. Lack of commitment
| | |
4. Fear of conflict
| | |
5. Absence of trust
| | |
Stanford Study - CORRECT ANSWER✔✔-Did a study to prove that people can be
| | | | | | | | | | | | |
manipulated by fake news and can impact democracy
| | | | | | |
5 key steps to networking by Wesley Smith - CORRECT ANSWER✔✔-1. Organize
| | | | | | | | | | | |
contacts using Excel
| |
2. Prioritize your closest connections
| | | |
3. Do your research to ask great question
| | | | | | |
4. Follow-up and stay in touch
| | | | |
5. Find your champion
| | |
, Who competed against Ken Jennings in TV show Jeopardy? - CORRECT
| | | | | | | | | | |
ANSWER✔✔-IBM's Watson super computer | | |
What did the McKinsey case find about diversity? - CORRECT ANSWER✔✔--
| | | | | | | | | | |
Companies with gender and ethnic diversity are 15% and 35% more likely to
| | | | | | | | | | | | |
outperform those that don't | | |
- Organizations with more female execs are more profitable
| | | | | | | |
-Companies in the top quartile of e-board diversity had returns on the equity that
| | | | | | | | | | | | |
|were 53% higher than this in the bottom quartile
| | | | | | | |
Biases in the workplace - CORRECT ANSWER✔✔-1. Unconscious: We all have our
| | | | | | | | | | | |
biases and we are using them to make decisions without even knowing about it
| | | | | | | | | | | | |
2. Confirmation bias: if you have stereotype about someone, you seek out
| | | | | | | | | | | |
confirmation on that bias, ad because you are seeking it out the likely hood that it
| | | | | | | | | | | | | | |
becomes true is higher
| | | | |
3. Beauty bias: 60% of CEOs in the U.S. are over 6ft tall.. but only 15% of people
| | | | | | | | | | | | | | | | | |
in the world are over 6ft. "If they look better, they will do better"... they're mostly
| | | | | | | | | | | | | | |
|white males, and fairly good looking
| | | | |
4. Affinity bias: "Similar to me bias"
| | | | | |
- If you are affiliated in the same groups then a OSU alum recruiter for example,
| | | | | | | | | | | | | | | |
maybe more likely to recruit OSU students because both are Buckeyes
| | | | | | | | | |
Correct Answers
Primary differences for profit oriented businesses deal with: - CORRECT
| | | | | | | | | |
ANSWER✔✔-Single or double taxation | | |
Liability sharing (2 types of liability)
| | | | |
Paperwork & legal costs | | |
Ken Jennings question about artificial intelligence? - CORRECT ANSWER✔✔-What
| | | | | | | |
happens to society when the world has all this artificial intelligence
| | | | | | | | | | |
Google's 5 key characteristics to high performing teams? - CORRECT ANSWER✔✔-
| | | | | | | | | |
1. Dependability
|
2. Structure and clarity- Clarifying team deliverables
| | | | | |
3. Meaning
|
4. Impact
|
5. Psychological saftey- Feeling like you can approach or share your opinion and
| | | | | | | | | | | | |
showing vulnerability and bravery to speak up
| | | | | |
Bruce Tuckman's Team Model - CORRECT ANSWER✔✔-1. Forming- Just meeting
| | | | | | | | | |
your team; There's a need for a leader, no clear goals and deliverable for team,
| | | | | | | | | | | | | | |
people don't know their roles yet
| | | | |
2. Storming- Dividing up who will do what for the group
| | | | | | | | | |
,3. Norming- Working with the same group of people on a similar project; Reliance
| | | | | | | | | | | | |
on leader starts diminishing; leader is not needed to tell people what to do as it
| | | | | | | | | | | | | | | | |
would've been during the forming stages
| | | | |
4. Performing- Team is delivering results consistently
| | | | | |
5. Adjourning-Everyone goes their separate ways
| | | | |
Note: Model is not linear, it is a circular motion; You don't have to start at a
| | | | | | | | | | | | | | | | |
specific place, the group can catch you up to speed as you join the performing
| | | | | | | | | | | | | | |
stage
Goal: Have an understanding of the different stages to get get team to performing
| | | | | | | | | | | | |
stage
|
Social Loafing - CORRECT ANSWER✔✔-The more people on the team the easier it
| | | | | | | | | | | |
is to hide; Dependability, structure and clarity is a lot more difficult because
| | | | | | | | | | | | | |
there's more people to coordinate
| | | |
Groupthink - CORRECT ANSWER✔✔-An idea gets thrown out, and the consensus
| | | | | | | | | | |
is collected; Someone had the idea and everyone kind of just went along with it
| | | | | | | | | | | | | | |
because they didn't mind | | |
What are The five dysfunctions of a team book? - CORRECT ANSWER✔✔-1.
| | | | | | | | | | | |
Inattention to Results | |
,2. Avoidance of accountability
| | |
3. Lack of commitment
| | |
4. Fear of conflict
| | |
5. Absence of trust
| | |
Stanford Study - CORRECT ANSWER✔✔-Did a study to prove that people can be
| | | | | | | | | | | | |
manipulated by fake news and can impact democracy
| | | | | | |
5 key steps to networking by Wesley Smith - CORRECT ANSWER✔✔-1. Organize
| | | | | | | | | | | |
contacts using Excel
| |
2. Prioritize your closest connections
| | | |
3. Do your research to ask great question
| | | | | | |
4. Follow-up and stay in touch
| | | | |
5. Find your champion
| | |
, Who competed against Ken Jennings in TV show Jeopardy? - CORRECT
| | | | | | | | | | |
ANSWER✔✔-IBM's Watson super computer | | |
What did the McKinsey case find about diversity? - CORRECT ANSWER✔✔--
| | | | | | | | | | |
Companies with gender and ethnic diversity are 15% and 35% more likely to
| | | | | | | | | | | | |
outperform those that don't | | |
- Organizations with more female execs are more profitable
| | | | | | | |
-Companies in the top quartile of e-board diversity had returns on the equity that
| | | | | | | | | | | | |
|were 53% higher than this in the bottom quartile
| | | | | | | |
Biases in the workplace - CORRECT ANSWER✔✔-1. Unconscious: We all have our
| | | | | | | | | | | |
biases and we are using them to make decisions without even knowing about it
| | | | | | | | | | | | |
2. Confirmation bias: if you have stereotype about someone, you seek out
| | | | | | | | | | | |
confirmation on that bias, ad because you are seeking it out the likely hood that it
| | | | | | | | | | | | | | |
becomes true is higher
| | | | |
3. Beauty bias: 60% of CEOs in the U.S. are over 6ft tall.. but only 15% of people
| | | | | | | | | | | | | | | | | |
in the world are over 6ft. "If they look better, they will do better"... they're mostly
| | | | | | | | | | | | | | |
|white males, and fairly good looking
| | | | |
4. Affinity bias: "Similar to me bias"
| | | | | |
- If you are affiliated in the same groups then a OSU alum recruiter for example,
| | | | | | | | | | | | | | | |
maybe more likely to recruit OSU students because both are Buckeyes
| | | | | | | | | |
