MAN 320F – Foundations of Management – University of Texas
at Austin – Exam 2 Study Guide (Aroian) – Complete and
Verified Answers
Introduction:
This document provides a complete and accurate study guide for
MAN 320F Exam 2 with Professor Aroian at the University of Texas
at Austin. It covers key management concepts such as globalization,
corporate social responsibility, ethics, strategic management,
leadership theories, and motivation models. The content includes 60+
precisely worded exam questions and correct answers based on the
official course material, ensuring 100% accuracy for review and
exam preparation.
Exam Questions and Answers
Social Responsibility --- correct precise answer ---An organization's
obligation to maximize its positive impact and minimize its
negative impact on society
Corporate Social Responsibility --- correct precise answer ---a
business's concern for society's welfare
Carroll's Global Corporate Social Responsibility Pyramid --- correct
precise answer ---
Types of Social Responsibility --- correct precise answer ---
sustainability, natural capital, philanthropy
,model of career readiness --- correct precise answer ---Knowledge,
Softskills, Attitude, Others
lead to Career readiness
which leads to career outcomes
globalization --- correct precise answer ---the trend of the world
economy toward becoming a more interdependent system
Global Village (McLuhan) --- correct precise answer ---we have
extended our central nervous system itself in a global embrace. We
have to become irrevocably involved with, and responsible for, each
other
e-commerce --- correct precise answer ---the buying and selling of
goods over the internet
the global economy --- correct precise answer ---megafirms &
mergers are on rise
minifirms are operating worldwide
international management includes... --- correct precise answer ---
multinational corporation
multinational organizations
,multinational corporations --- correct precise answer ---business
firm with operations in several countries
multinational organization --- correct precise answer ---nonprofit
organization with operations in several countries
ethnocentric managers --- correct precise answer ---believe that
their native country, culture, language, and behavior are superior
to all others
related to parolchialism
parolchialism --- correct precise answer ---a narrow view in which
ppl see things solely through their own perspective
polycentric managers --- correct precise answer ---take the view
that native managers in the foreign offices best understand native
personnel and practices, and so the home office should leave them
alone
geocentric managers --- correct precise answer ---accept that there
are differences and similarities between home and foreign
personnel and practices and that they should use whatever
techniques are most effective
, Why companies expand internationally --- correct precise answer --
-1. Availability of supplies
2. New markets
3. Lower labor costs
4. Access to finance capital
5. Avoidance of tariffs & import quotas
Five ways of expanding internationally --- correct precise answer --
-1. Global Outsourcing
2. Importing, exporting, countertrading
3. Licensing and franchising
4. Joint ventures
5. Wholly owned subsidiaries
Blue Ocean Strategy --- correct precise answer ---strategy where it
includes all industries not in existence, unknown market space
going where the profits and growth is, not where the competition is
Red Ocean Strategy --- correct precise answer ---all industries in
existence, the known mkt space
industries never stand... --- correct precise answer ---still
at Austin – Exam 2 Study Guide (Aroian) – Complete and
Verified Answers
Introduction:
This document provides a complete and accurate study guide for
MAN 320F Exam 2 with Professor Aroian at the University of Texas
at Austin. It covers key management concepts such as globalization,
corporate social responsibility, ethics, strategic management,
leadership theories, and motivation models. The content includes 60+
precisely worded exam questions and correct answers based on the
official course material, ensuring 100% accuracy for review and
exam preparation.
Exam Questions and Answers
Social Responsibility --- correct precise answer ---An organization's
obligation to maximize its positive impact and minimize its
negative impact on society
Corporate Social Responsibility --- correct precise answer ---a
business's concern for society's welfare
Carroll's Global Corporate Social Responsibility Pyramid --- correct
precise answer ---
Types of Social Responsibility --- correct precise answer ---
sustainability, natural capital, philanthropy
,model of career readiness --- correct precise answer ---Knowledge,
Softskills, Attitude, Others
lead to Career readiness
which leads to career outcomes
globalization --- correct precise answer ---the trend of the world
economy toward becoming a more interdependent system
Global Village (McLuhan) --- correct precise answer ---we have
extended our central nervous system itself in a global embrace. We
have to become irrevocably involved with, and responsible for, each
other
e-commerce --- correct precise answer ---the buying and selling of
goods over the internet
the global economy --- correct precise answer ---megafirms &
mergers are on rise
minifirms are operating worldwide
international management includes... --- correct precise answer ---
multinational corporation
multinational organizations
,multinational corporations --- correct precise answer ---business
firm with operations in several countries
multinational organization --- correct precise answer ---nonprofit
organization with operations in several countries
ethnocentric managers --- correct precise answer ---believe that
their native country, culture, language, and behavior are superior
to all others
related to parolchialism
parolchialism --- correct precise answer ---a narrow view in which
ppl see things solely through their own perspective
polycentric managers --- correct precise answer ---take the view
that native managers in the foreign offices best understand native
personnel and practices, and so the home office should leave them
alone
geocentric managers --- correct precise answer ---accept that there
are differences and similarities between home and foreign
personnel and practices and that they should use whatever
techniques are most effective
, Why companies expand internationally --- correct precise answer --
-1. Availability of supplies
2. New markets
3. Lower labor costs
4. Access to finance capital
5. Avoidance of tariffs & import quotas
Five ways of expanding internationally --- correct precise answer --
-1. Global Outsourcing
2. Importing, exporting, countertrading
3. Licensing and franchising
4. Joint ventures
5. Wholly owned subsidiaries
Blue Ocean Strategy --- correct precise answer ---strategy where it
includes all industries not in existence, unknown market space
going where the profits and growth is, not where the competition is
Red Ocean Strategy --- correct precise answer ---all industries in
existence, the known mkt space
industries never stand... --- correct precise answer ---still
