Principals of Managment
Q1. Nick is 29 years old and has just been promoted from salesperson to sales manager for his company. Nick is most likely in which stage of his career?
a. decline
b. stagnation
c. maintenance
d. establishment
e. exploration
Q2. The statement that management principles are universal means that these principles apply to all types of organizations and organization levels.
a. true
b. false
Q3. According to Robert L. Katz, managerial success depends primarily upon personality traits.
a. true
b. false
Q4. When an individual loses interest in his career, fails to keep his job skills updated, and suffers a lack of productivity, he has most likely entered which stage of his career?
a. maintenance
b. establishment
c. exploration
d. trial
e. decline
Q5. A good tactic for career management is to work for a manager who will play a constructive role in your career.
a. true
b. false
Q6. As a manager moves from lower-level management to upper-level management, conceptual skills become more important and technical skills less important.
a. true
b. false
Q7. Effective managers should assume the responsibility of assisting their subordinates in career development.
a. true
b. false
Q8. The maintenance stage is the second stage of career evolution and occurs when individuals from about 25 to 45 years old start to become productive.
a. true
b. false
Q9. Managerial effectiveness is measured by the extent to which the manager achieves organizational goals.
a. true
b. false
Q10. The scientific management approach to management emphasizes the ‘one best way’ to perform a task.
a. true
b. false
Q11. Douglas McGregor emphasized a management philosophy built upon the views that people can be self-directed and accept responsibility.
a. true
b. false
Q12. A number of interdependent parts functioning independently of each other are a system.
a. true
b. false
Q13. With ________, every organizational member understands his or her own job and how the job fits together to provide final products to the customer.
a. Personal mastery
b. Shared vision
c. Systems thinking
d. Team learning
Q14. ________ performed motion studies of bricklaying
a. Henry Gannt
b. Frederick Taylor
c. Frank Gilbreth
d. Abraham Maslow
e. Henri Fayol
Q15. Gantt’s favored compensation system incorporated a piece-rate system and a bonus system.
a. true
b. false
Q16. In order to successfully utilize contingency management concepts and tactics, managers must first consider the realities of the specific organizational circumstances they face.
a. true
b. false
Q17. Which of the following researchers has made the greatest contribution to the human relations movement?
a. Frederick Taylor
b. L. Thomas Hopkins
c. Lillian Gilbreth
d. Abraham Maslow
e. Henry Fayol
Q18. A plant is an example of an open system.
a. true
b. false
Q19. The first step, or phase, in converting social responsibility policies into actions is the recognition by top management that the organization has some social obligation to all organization members.
a. true
b. false
Q20. Using ethics as a major guide for making and evaluating business decisions is only popular in the United States.
a. true
b. false
Q21. Which of the following stakeholders is owed the obligation of having debts repayed?
a. Banks and Lenders
b. Consumers
c. Government
d. Stockholders
Q22. Acting in such a way that the action taken under the circumstances could be a universal law, or rule, of behavior would best define which of the following ethical standards?
a. the utilitarian principle
b. the professional ethic
c. Kant’s categorical imperative
d. part of the four-way rule
e. the golden rule
Q23. One of the areas of social responsibility is employment practices.
a. true
b. false
Q24. All ethical and unethical conduct within an organization needs to be covered in one code of ethics.
a. true
b. false
Q25. Organizations characterized by attitudes and behaviors consistent with either the social responsibility or the social obligation approach are generally more socially responsive than organizations characterized by attitudes and behaviors consistent with the social responsiveness approach.
a. true
b. false
Q26. Business ethics can only be approached from one direction.
a. true
b. false
Q27. Reverse discrimination is the term used to describe inequities affecting members of the minority group as an outcome of programs designed to assist the majority group.
a. true
b. false
Q28. Which of the following represents the lowest degree of organizational commitment to multiculturalism?
a. enforcing external policies
b. complying with external policies
c. responding inadequately
d. implementing adequate programs
e. ignoring differences
Q29. Men can be victims of sexual harassment.
a. true
b. false
Q30. Minorities as well as women often face a ‘glass ceiling’ limiting their potential advancement.
a. true
b. false
Q31. Role conflict refers to having too many expectations to comfortably fulfill.
a. true
b. false
Q32. A diverse workforce is most effective when managers are capable of guiding the organization toward achieving pluralism.
a. true
b. false
Q33. The culture-specific approach gives employees a genuine non-appreciation for the culture they are about to encounter.
a. true
b. false
Q34. A prejudice is a preconceived judgment, opinion, or assumption about an issue, behavior, individual, or group of people.
a. true
b. false
Q35. Managers who usually make foreign investments normally expect such investments will allow participation in the rapid expansion of a market abroad.
a. true
b. false
Q36. Host-country nationals are organizational members who are citizens of one country and who work in another country for an organization headquartered in still another country.
a. true
b. false
Q37. Managers should allow expatriates to adjust slowly to the new environment and delay emphasis on goal attainment as long as possible.
a. true
b. false
Q38. Selling goods and services to another country is called ‘importing’.
a. true
b. false
Q39. Third-country nationals are organization members who are citizens of the country in which the facility of a foreign-born organization is located.
a. true
b. false
Q40. The maximum level of international activity on the continuum of international involvement is a transnational organization.
a. true
b. false
Q41. Which of the following attitudes is generally considered most appropriate for long-term organizational success?
a. geocentric
b. egocentric
c. ethnocentric
d. polycentric
e. no one attitude is best
Q42. One of the similarities of international management and domestic management is that the vast majority of countries experience the industrial revolution at the same time.
a. true
b. false
Q43. ________ are wealthy individuals who provide capital to new companies.
a. Lending institutions
b. Venture capitalists
c. Angel investors
d. Entrepreneurs
Q44. ________ of new organizations are started by entrepreneurial teams.
a. 30%
b. 75%
c. 60%
d. 45%
Q45. ________ are firms that raise money from investors and then use money to make investments in new firms.
a. Entrepreneurs
b. Lending institutions
c. Angel investors
d. Venture capitalists
Q46. Angel investors help approximately 50,000 companies get off the ground each year.
a. true
b. false
Q47. ________ involves improving the firm’s ability to execute strategies and focuses on new processes instead of new products.
a. Strategic renewal
b. Organized rejuvenation
c. Sustained regeneration
d. Domain definition
Q48. ________ is the first step of the entrepreneurial process.
a. Opportunity exploitation
b. Opportunity feedback
c. Opportunity identification
d. Opportunity evaluation
Q49. ________ is the likelihood and magnitude of an opportunity’s downside loss.
a. Feasibility analysis
b. Entrepreneurial risk
c. Entrepreneurial alertness
d. Information asymmetry
Q50. Today, approximately ________ angel investors provide capital to companies each year.
a. 40,000
b. 4,000
c. 400,000
d. 14,000