MGMT 301 Exam 1 Questions With Complete Solutions
______________ are the explicitly stated values advocated by a
company's leadership. Correct Answers espoused values
______________ is advocacy through the use of influence or
authority to help others advance. Correct Answers sponsorship
______________ taught to every employee in orientation and
training about how they would prefer the employees to act or
make decisions, while ______________ are actions that are
actually occurring demonstrates the values that are truly
important to the employees. Correct Answers espoused values,
enacted values
A cooperative enterprise between two or more business entities
for a specific purpose. Correct Answers joint venture
A group of individuals that are elected as representatives of the
stockholders to establish corporate management-related policies
and to make decisions on major company issues. Correct
Answers board of directors
A partially or wholly owned company that is part of a larger
corporation with headquarters in another country. Correct
Answers foreign subsidiary
A person living outside their native country. Correct Answers
expatriate
,A strategy in which a business seeks the most cost-efficient
location for manufacturing a product or offering its services.
Correct Answers global sourcing
A system for minimizing errors in production. Correct Answers
quality control
A tax imposed on imported goods and services. Correct
Answers tariff
According to the competing values framework, which type of
culture is focused around competition and tend to value
profitability and goal achievement? Correct Answers market
According to the competing values framework, which type of
culture is focused around control? Correct Answers hierarchy
According to the Inc. video, "Cultures tend to develop very
________ as a result of the behaviors of the founders." Correct
Answers organically
According to the video about Google, our ______________
define the boundaries you are unwilling to expand. Correct
Answers unconscious biases
According to the Weird Al music video, "Our proven
methodology, with strong commitment to quality effectively
enhances corporate ______________." Correct Answers
synergy
, An agreement between states, regions, or countries, to reduce
barriers to trade between the participating regions. Correct
Answers trade blocks
An arrangement between two companies that have decided to
share resources for a specific, mutually beneficial project.
Correct Answers strategic alliance
An object or idea that is used to convey meaning to those within
the organization. Correct Answers symbols
Any product or service that is created by processing resources.
Correct Answers output
Any resources that are put into a system to obtain a desired
output. Correct Answers inputs
Despite the negative connotation associated with bureaucracies,
Weber's main point of associating them with organizations was
that they require structure, order and process to be
__________________. Correct Answers efficient
Despite the numerous steps that have been taken to increase
diversity in the workforce, there are several factors that continue
to slow the diversification process. What are these factors that
slow the process? Correct Answers stereotypes, prejudices, and
biases
Douglas McGregor introduced the idea that there are two types
of managers: ________ management style is mostly pessimistic
and believes workers are unmotivated and resistant to change
______________ are the explicitly stated values advocated by a
company's leadership. Correct Answers espoused values
______________ is advocacy through the use of influence or
authority to help others advance. Correct Answers sponsorship
______________ taught to every employee in orientation and
training about how they would prefer the employees to act or
make decisions, while ______________ are actions that are
actually occurring demonstrates the values that are truly
important to the employees. Correct Answers espoused values,
enacted values
A cooperative enterprise between two or more business entities
for a specific purpose. Correct Answers joint venture
A group of individuals that are elected as representatives of the
stockholders to establish corporate management-related policies
and to make decisions on major company issues. Correct
Answers board of directors
A partially or wholly owned company that is part of a larger
corporation with headquarters in another country. Correct
Answers foreign subsidiary
A person living outside their native country. Correct Answers
expatriate
,A strategy in which a business seeks the most cost-efficient
location for manufacturing a product or offering its services.
Correct Answers global sourcing
A system for minimizing errors in production. Correct Answers
quality control
A tax imposed on imported goods and services. Correct
Answers tariff
According to the competing values framework, which type of
culture is focused around competition and tend to value
profitability and goal achievement? Correct Answers market
According to the competing values framework, which type of
culture is focused around control? Correct Answers hierarchy
According to the Inc. video, "Cultures tend to develop very
________ as a result of the behaviors of the founders." Correct
Answers organically
According to the video about Google, our ______________
define the boundaries you are unwilling to expand. Correct
Answers unconscious biases
According to the Weird Al music video, "Our proven
methodology, with strong commitment to quality effectively
enhances corporate ______________." Correct Answers
synergy
, An agreement between states, regions, or countries, to reduce
barriers to trade between the participating regions. Correct
Answers trade blocks
An arrangement between two companies that have decided to
share resources for a specific, mutually beneficial project.
Correct Answers strategic alliance
An object or idea that is used to convey meaning to those within
the organization. Correct Answers symbols
Any product or service that is created by processing resources.
Correct Answers output
Any resources that are put into a system to obtain a desired
output. Correct Answers inputs
Despite the negative connotation associated with bureaucracies,
Weber's main point of associating them with organizations was
that they require structure, order and process to be
__________________. Correct Answers efficient
Despite the numerous steps that have been taken to increase
diversity in the workforce, there are several factors that continue
to slow the diversification process. What are these factors that
slow the process? Correct Answers stereotypes, prejudices, and
biases
Douglas McGregor introduced the idea that there are two types
of managers: ________ management style is mostly pessimistic
and believes workers are unmotivated and resistant to change
