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BUS 201 Midterm Exam (COMPLETE SOLUTION)

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BUS 201 Midterm Exam (COMPLETE SOLUTION)According to a study by The Corporate Library, some of the worst boards include: Select one: a. Hershey Foods Corporation b. Cintas Corporation c. Citigroup Inc. d. All of the above. e. None of the above. The correct answer is: Citigroup Inc. Manager A is a "rugged individualist" who believes that every person is responsible for him/herself. Manager B is the employee who questions everything – not just the decision made but whether or not the decision-maker should have made the decision. Manager A could be described as: Select one: a. high power distance b. low power distance c. individualist d. collectivist e. high uncertainty avoidance The correct answer is: individualist Question 4 Correct Mark 2.50 out of 2.50 Question 5 Correct Mark 2.50 out of 2.50 Which of the steps in the formal planning process involves studying past events, examining current conditions, and forecasting future trends? Select one: a. Situational analysis b. Alternative goals and plans c. Goal and plan evaluation d. Goal and plan selection e. Monitor and control The correct answer is: Situational analysis When Johnny Jack of Jack Enterprises realized that his plan to increase sales levels among associates was not producing the results he desired, he took quick action to make necessary adjustments. Johnny was exercising the management function of Select one: a. planning. b. organizing. c. leading. d. controlling. e. communicating. The correct answer is: controlling. Question 6 Correct Mark 2.50 out of 2.50 Question 7 Correct Mark 2.50 out of 2.50 Economies in which materials and processes employed in one product can be used to make other, related products are: Select one: a. subassemblies. b. economies of scope. c. flexible factories. d. functional organizations. e. economies of scale. The correct answer is: economies of scope. Corporate ethics programs commonly include: Select one: a. formal ethics code b. ethics committees c. ethics communication systems d. ethics training e. All of the above. The correct answer is: All of the above

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Question According to a study by The Corporate Library, some of the worst boards

2 include:

Correct
Select one:
Mark 2.50 out
a. Hershey Foods Corporation
of 2.50
b. Cintas Corporation

c. Citigroup Inc.

d. All of the above.

e. None of the above.



The correct answer is: Citigroup Inc.




Question Manager A is a "rugged individualist" who believes that every person is

3 responsible for him/herself. Manager B is the employee who questions
everything – not just the decision made but whether or not the decision-maker
Correct
should have made the decision.
Mark 2.50 out

of 2.50 Manager A could be described as:


Select one:
a. high power distance

b. low power distance

c. individualist

d. collectivist

e. high uncertainty avoidance



The correct answer is: individualist

,Question Which of the steps in the formal planning process involves studying past

4 events, examining current conditions, and forecasting future trends?

Correct
Select one:
Mark 2.50 out
a. Situational analysis
of 2.50
b. Alternative goals and plans

c. Goal and plan evaluation

d. Goal and plan selection

e. Monitor and control



The correct answer is: Situational analysis




Question When Johnny Jack of Jack Enterprises realized that his plan to increase sales

5 levels among associates was not producing the results he desired, he took
quick action to make necessary adjustments. Johnny was exercising the
Correct
management function of
Mark 2.50 out

of 2.50 Select one:
a. planning.

b. organizing.

c. leading.

d. controlling.

e. communicating.



The correct answer is: controlling.

,Question Economies in which materials and processes employed in one product can be

6 used to make other, related products are:

Correct
Select one:
Mark 2.50 out
a. subassemblies.
of 2.50
b. economies of scope.

c. flexible factories.

d. functional organizations.

e. economies of scale.



The correct answer is: economies of scope.




Question Corporate ethics programs commonly include:

7
Select one:
Correct
a. formal ethics code
Mark 2.50 out
b. ethics committees
of 2.50

c. ethics communication systems

d. ethics training

e. All of the above.



The correct answer is: All of the above.

, Question Which of the following does NOT follow the typical guideline for conducting a

8 termination interview?

Correct
Select one:
Mark 2.50 out
a. Give as much warning as possible for mass layoff.
of 2.50
b. Complete termination session within 15 minutes.

c. Terminate employees when they are on vacation or have just
returned.

d. Be sure the employee hears about his or her termination from a
manager not a colleague.

e. Express appreciation for what the employee has contributed if
appropriate.



The correct answer is: Terminate employees when they are on vacation or
have just returned.




Question Which ethical system would support the premise that people should hold

9 some values as always appropriate?

Correct
Select one:
Mark 2.50 out
a. Utilitarianism
of 2.50
b. Egoism

c. Rule Utilitarianism

d. Universalism

e. Act Utilitarianism



The correct answer is: Universalism

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