Management Final Exam with Accurate
Solutions
______________ is the process of enabling or authorizing an individual to think,
behave, take action and control work and decision making in autonomous ways -
ANSWER-Empowerment
A _______ manager leads a function that contributes directly to products or service -
ANSWER-Line
With reference to ten managerial roles which one is interpersonal? - ANSWER-
Figurehead
In the ____ role the manager interacts with peers and people outside the organization.
The top level manager uses this role to gain favors and information, while the supervisor
uses it to maintain the routine flow of work - ANSWER-Liason
In the role of ____, the manager disseminates the organizations info into its
environment - ANSWER-Spokesperson
______ is defined as the social and informal sources of influence that you use to inspire
action taken by others - ANSWER-Leadership
_______ is defined as the recognition of opportunities and the use or creation of
resources to implement innovative ideas for new thoughtfully planned ventures -
ANSWER-Entrepreneurship
________ is the central, integrated, externally oriented concept of how an organization
will achieve its objectives - ANSWER-Strategy
________ is the function of management that involves setting objectives and
determining a course of action for achieving those objectives - ANSWER-Planning
_________ is the function of management that involves developing an organizational
structure and allocating human resources to ensure the accomplishment of objectives -
ANSWER-Organizing
_______ is the function of management that consists of three steps, 1. Establish
performance standards, 2. Comparing actual performance against standards, 3. Taking
corrective action when necessary - ANSWER-Controlling
, the triple bottom line refers to the measurement of business performance along social,
____, and economic dimensions - ANSWER-environmental
______ learners have a preference for actually doing things and learning from trial and
error - ANSWER-Kinesthetic
In a 1993 article, Harvard Business School professor defined _______ organizations as
an organization skilled at creating acquiring and transferring knowledge - ANSWER-
Learning
In its 2006 report, GLOBE identified nine dimensions which of the following is not one of
these nine dimensions? - ANSWER-Conscientiousness
Societies that score ______, want strict rules, laws, and policies to eliminate or control
the unexpected - ANSWER-High on uncertainty avoidance
_____ reflects the extent to which the less powerful members of institutions and
organizations expect and accept that power is distributed unequally - ANSWER-Power
Distance
The scientific approach to management is - ANSWER-Taylorism
When information on alternatives can be gathered and quantified, the goal is to
maximize the outcome, people often use ______ decision making model - ANSWER-
Rational
When individuals continue on a failing course of action after information reveals that it
may be a poor path to follow, this tendency is called ______ - ANSWER-Escalation of
commitment bias
The tendency to rely too heavily on a single piece of information describes which of the
following? - ANSWER-Anchoring Bias
Which of the following decision making models is most likely to lead to analysis
paralysis? - ANSWER-Rational
______ decisions are decisions that occur frequently enough to develop an automated
response to them. - ANSWER-Programmed
Which of the following decisions is most likely to be an example of a strategic decision?
- ANSWER-Should we merge with another company?
The internal business process in the balanced scorecard looks at organizational
efficiency. (T/F) - ANSWER-True
Solutions
______________ is the process of enabling or authorizing an individual to think,
behave, take action and control work and decision making in autonomous ways -
ANSWER-Empowerment
A _______ manager leads a function that contributes directly to products or service -
ANSWER-Line
With reference to ten managerial roles which one is interpersonal? - ANSWER-
Figurehead
In the ____ role the manager interacts with peers and people outside the organization.
The top level manager uses this role to gain favors and information, while the supervisor
uses it to maintain the routine flow of work - ANSWER-Liason
In the role of ____, the manager disseminates the organizations info into its
environment - ANSWER-Spokesperson
______ is defined as the social and informal sources of influence that you use to inspire
action taken by others - ANSWER-Leadership
_______ is defined as the recognition of opportunities and the use or creation of
resources to implement innovative ideas for new thoughtfully planned ventures -
ANSWER-Entrepreneurship
________ is the central, integrated, externally oriented concept of how an organization
will achieve its objectives - ANSWER-Strategy
________ is the function of management that involves setting objectives and
determining a course of action for achieving those objectives - ANSWER-Planning
_________ is the function of management that involves developing an organizational
structure and allocating human resources to ensure the accomplishment of objectives -
ANSWER-Organizing
_______ is the function of management that consists of three steps, 1. Establish
performance standards, 2. Comparing actual performance against standards, 3. Taking
corrective action when necessary - ANSWER-Controlling
, the triple bottom line refers to the measurement of business performance along social,
____, and economic dimensions - ANSWER-environmental
______ learners have a preference for actually doing things and learning from trial and
error - ANSWER-Kinesthetic
In a 1993 article, Harvard Business School professor defined _______ organizations as
an organization skilled at creating acquiring and transferring knowledge - ANSWER-
Learning
In its 2006 report, GLOBE identified nine dimensions which of the following is not one of
these nine dimensions? - ANSWER-Conscientiousness
Societies that score ______, want strict rules, laws, and policies to eliminate or control
the unexpected - ANSWER-High on uncertainty avoidance
_____ reflects the extent to which the less powerful members of institutions and
organizations expect and accept that power is distributed unequally - ANSWER-Power
Distance
The scientific approach to management is - ANSWER-Taylorism
When information on alternatives can be gathered and quantified, the goal is to
maximize the outcome, people often use ______ decision making model - ANSWER-
Rational
When individuals continue on a failing course of action after information reveals that it
may be a poor path to follow, this tendency is called ______ - ANSWER-Escalation of
commitment bias
The tendency to rely too heavily on a single piece of information describes which of the
following? - ANSWER-Anchoring Bias
Which of the following decision making models is most likely to lead to analysis
paralysis? - ANSWER-Rational
______ decisions are decisions that occur frequently enough to develop an automated
response to them. - ANSWER-Programmed
Which of the following decisions is most likely to be an example of a strategic decision?
- ANSWER-Should we merge with another company?
The internal business process in the balanced scorecard looks at organizational
efficiency. (T/F) - ANSWER-True
