GB 370 GENTRY FINAL QUESTIONS
& ANSWERS(GRADED A+)
T/F
In countries like Russia and Greece, family and background count for more than
performance does. - ANSWERTrue
Hierarchy as an organization is necessary for _______
a) decentralization
b) lunch meetings
c) communication
d) unity of command - ANSWERUnity of Command
T/F
In highly assertive countries, competition between individuals and groups is
discouraged. - ANSWERFalse
T/F
Only supervisors are affected by the principles of management. - ANSWERFalse
Working with people from different countries can be a
challenge because of ___________
a) Language issues and different cultural norms
b) Cross-cultural misunderstandings
c) Different work skills according to cultural norms
d) Global strategic communication - ANSWERLanguage issues and different cultural
norms
T/F
As a manager, if you feel like you are wearing a lot of hats, this is a good thing. -
ANSWERTrue
The company that relies on computer and telecommunications technologies instead
of physical presence for communication between employees is a ________
a) service organization
b) virtual organization
c) social organization
d) learning organization - ANSWERVirtual Organization
Which of the following is not a type of manager described in the Levels of
Management?
a) section managers
b) partical managers
,c) corporate managers
d) head managers - ANSWERSection Managers
The penetration of mobile phones is changing the way we do business because
______
a) The cost of phones is low
b) Increasing sophistication of phones
c) We can send text instead of voice
d) People are more connected and able to share more information -
ANSWERPeople are are more connected and able to share more information
Frederick Taylor is most famous for _______
a) theory of studies
b) time studies
c) time management
d) theory of management - ANSWERTime studies
T/F
Managers do not spend all of their time managing. - ANSWERTrue
People in societies where uncertainty avoidance is high _____
a) Are less rule-oriented
b) Tolerate a variety of opinions
c) Are open to change and taking risks
d) Want strict rules, laws and policies - ANSWERWant strict rules, laws, and policies
A way to test ideas in small steps is ______
a) Experimentation
b) Learning from past experience
c) Learning from others
d) Transferring knowledge - ANSWERExperimentation
T/F
In high power distance countries, decision-making power is distributed equally
among the groups. - ANSWERFalse
Which of the following is not a disadvantage of franchising?
a) reduced financial risk of new business success
b) loss of independence due to imposed operational controls
c) limitations of franchise
d) start-up fees to purchase franchise - ANSWERReduced financial risk of new
business success
T/F
, You can refer to a lawyer who does a good job for our company as a valuable asset.
- ANSWERTrue
What is something you don't have to do before the trademark search of your new
idea names?
a) Select your trademark Idea
b) Narrow to only one, maybe two, name ideas
c) Make sure its not copied
d) Is your idea original? - ANSWERNarrow to only one, maybe two, name ideas
T/F
Even if your company isn't incorporated, you can still use the word "Inc." in your firm
name. - ANSWERFalse
Which option below is the fastest growing segment of small-business enterprise?
a) Wholesaling
b) Manufacturing
c) Retailing
d) Transportation
e) Services - ANSWERServices
When choosing an accountant, you want to find out their services, fees, and _____
a) personality
b) appearance
c) height
d) weight - ANSWERPersonality
T/F
The legal structure for your company is important, but not in relating to taxes. -
ANSWERFalse
The most common forms of business are sole proprietorship, partnership,
corporation, and ______
a) L-corporation
b) limited liability company
c) S-corporation
d) checks/balances - ANSWERS-Corporation
Which is the legal structure with the easiest start-up process?
a) Sole proprietorship
b) Partnership
c) Corporation
d) limited liability company - ANSWERSole Proprietorship
T/F
& ANSWERS(GRADED A+)
T/F
In countries like Russia and Greece, family and background count for more than
performance does. - ANSWERTrue
Hierarchy as an organization is necessary for _______
a) decentralization
b) lunch meetings
c) communication
d) unity of command - ANSWERUnity of Command
T/F
In highly assertive countries, competition between individuals and groups is
discouraged. - ANSWERFalse
T/F
Only supervisors are affected by the principles of management. - ANSWERFalse
Working with people from different countries can be a
challenge because of ___________
a) Language issues and different cultural norms
b) Cross-cultural misunderstandings
c) Different work skills according to cultural norms
d) Global strategic communication - ANSWERLanguage issues and different cultural
norms
T/F
As a manager, if you feel like you are wearing a lot of hats, this is a good thing. -
ANSWERTrue
The company that relies on computer and telecommunications technologies instead
of physical presence for communication between employees is a ________
a) service organization
b) virtual organization
c) social organization
d) learning organization - ANSWERVirtual Organization
Which of the following is not a type of manager described in the Levels of
Management?
a) section managers
b) partical managers
,c) corporate managers
d) head managers - ANSWERSection Managers
The penetration of mobile phones is changing the way we do business because
______
a) The cost of phones is low
b) Increasing sophistication of phones
c) We can send text instead of voice
d) People are more connected and able to share more information -
ANSWERPeople are are more connected and able to share more information
Frederick Taylor is most famous for _______
a) theory of studies
b) time studies
c) time management
d) theory of management - ANSWERTime studies
T/F
Managers do not spend all of their time managing. - ANSWERTrue
People in societies where uncertainty avoidance is high _____
a) Are less rule-oriented
b) Tolerate a variety of opinions
c) Are open to change and taking risks
d) Want strict rules, laws and policies - ANSWERWant strict rules, laws, and policies
A way to test ideas in small steps is ______
a) Experimentation
b) Learning from past experience
c) Learning from others
d) Transferring knowledge - ANSWERExperimentation
T/F
In high power distance countries, decision-making power is distributed equally
among the groups. - ANSWERFalse
Which of the following is not a disadvantage of franchising?
a) reduced financial risk of new business success
b) loss of independence due to imposed operational controls
c) limitations of franchise
d) start-up fees to purchase franchise - ANSWERReduced financial risk of new
business success
T/F
, You can refer to a lawyer who does a good job for our company as a valuable asset.
- ANSWERTrue
What is something you don't have to do before the trademark search of your new
idea names?
a) Select your trademark Idea
b) Narrow to only one, maybe two, name ideas
c) Make sure its not copied
d) Is your idea original? - ANSWERNarrow to only one, maybe two, name ideas
T/F
Even if your company isn't incorporated, you can still use the word "Inc." in your firm
name. - ANSWERFalse
Which option below is the fastest growing segment of small-business enterprise?
a) Wholesaling
b) Manufacturing
c) Retailing
d) Transportation
e) Services - ANSWERServices
When choosing an accountant, you want to find out their services, fees, and _____
a) personality
b) appearance
c) height
d) weight - ANSWERPersonality
T/F
The legal structure for your company is important, but not in relating to taxes. -
ANSWERFalse
The most common forms of business are sole proprietorship, partnership,
corporation, and ______
a) L-corporation
b) limited liability company
c) S-corporation
d) checks/balances - ANSWERS-Corporation
Which is the legal structure with the easiest start-up process?
a) Sole proprietorship
b) Partnership
c) Corporation
d) limited liability company - ANSWERSole Proprietorship
T/F
