Question 1

The Internet, global interconnectedness and the social media revolution have forced companies to consider all of the following risk related issues EXCEPT:

Accepted Answer

A)  security 
B)  legal 
C)  ethical 
D)  privacy 
E)  insurance 
A)  security 
B)  legal 
C)  ethical 
D)  privacy 
E)  insurance E

Question 2

According to a survey by Economist magazine, a sound ethical compass was Number One on a Top 10 list of leadership qualities.

Accepted Answer

A) True 
 B)False  True

Question 3

Making a big mistake and feeling threatened are included in the "school of hard knocks."

Accepted Answer

A) True 
 B)False  True

Question 4

Managerial ____ tell us what managers generally do, while managerial ____ tell us more precisely how managers carry them out.

Accepted Answer

A)  visions; goals 
B)  desires; visions 
C)  goals; desires 
D)  functions; skills 
E)  skills; functions 
A)  visions; goals 
B)  desires; visions 
C)  goals; desires 
D)  functions; skills 
E)  skills; functions

Question 5

Renee' Burgos
Renee' Burgos, recently took a risk for he and his family by choosing to move to the United States from Columbia. Although he owned a cafe' and bakery in his home country of Columbia, he considered the future and felt his family would have better long-term opportunities in the U.S.. He is considering a career in small business. During his research to learn more about small business and entrepreneurship in America he has discovered frightening statistics along with contradictory and confusing information. Can you help him?
-Refer to Renee' Burgos. If Mr. Burgos has no capital, what would you tell him about his career options in small business?

Accepted Answer

A)  Buy a small business owned by his family 
B)  Become an independent contractor/consultant 
C)  Start his own small business 
D)  Take a job with a small business 
E)  Purchase a franchise 
A)  Buy a small business owned by his family 
B)  Become an independent contractor/consultant 
C)  Start his own small business 
D)  Take a job with a small business 
E)  Purchase a franchise

Question 6

Assume that both car manufacturers produce high quality vehicles. If Honda annually produces 51 cars per worker, whereas Toyota produces 69 cars per worker, it can be said that in terms of labor productivity,

Accepted Answer

A)  Toyota is both more effective and more efficient than Honda. 
B)  Honda is both more effective and more efficient than Toyota. 
C)  Honda is more effective but Toyota is more efficient. 
D)  Toyota is more effective but Honda is more efficient. 
E)  both are inefficient. 
A)  Toyota is both more effective and more efficient than Honda. 
B)  Honda is both more effective and more efficient than Toyota. 
C)  Honda is more effective but Toyota is more efficient. 
D)  Toyota is more effective but Honda is more efficient. 
E)  both are inefficient.

Question 7

A common stumbling block for entrepreneurs is that

Accepted Answer

A)  they become lazy and uncreative. 
B)  they become preoccupied with profits. 
C)  they run out of money. 
D)  their organizations outgrow them. 
E)  they become power hungry. 
A)  they become lazy and uncreative. 
B)  they become preoccupied with profits. 
C)  they run out of money. 
D)  their organizations outgrow them. 
E)  they become power hungry.

Question 8

Dr. Marty Weller is a strong believer in maintaining smaller class sizes at the university where she is the President. This means hiring additional faculty and spending more money than allocated every year. However, the students are happy and are receiving a top-quality education. Dr. Weller is

Accepted Answer

A)  somewhat effective and very inefficient. 
B)  not effective but efficient. 
C)  effective but not efficient. 
D)  not effective and not efficient. 
E)  both effective and efficient. 
A)  somewhat effective and very inefficient. 
B)  not effective but efficient. 
C)  effective but not efficient. 
D)  not effective and not efficient. 
E)  both effective and efficient.

Question 9

Union Pacific Railroad's management team uses information technology to increase efficiency and improve the environment.

Accepted Answer

A) True 
 B)False

Question 10

Entrepreneurship is the process by which individuals pursue opportunities without regard to

Accepted Answer

A)  intrapreneurship. 
B)  the plans. 
C)  law. 
D)  resources. 
E)  the future. 
A)  intrapreneurship. 
B)  the plans. 
C)  law. 
D)  resources. 
E)  the future.

Question 11

Phil recently read about the derailed managers study. Being a first-line manager and aspiring to climb the management ladder, Phil wants to avoid the mistakes involving working effectively with and through others identified in the study. Which of the following does he need to work on?

Accepted Answer

A)  the ability to think in closed-system terms 
B)  the ability to predict the future 
C)  the ability to build and lead a team 
D)  the ability to make financial decisions 
E)  the ability to avoid change 
A)  the ability to think in closed-system terms 
B)  the ability to predict the future 
C)  the ability to build and lead a team 
D)  the ability to make financial decisions 
E)  the ability to avoid change

Question 12

____ enters the picture when the resources required to achieve an objective are weighed against what was actually accomplished, whereas ____ entails promptly achieving a stated objective.

Accepted Answer

A)  Quality; quantity 
B)  Effectiveness; quality 
C)  Efficiency; effectiveness 
D)  Efficiency; quality 
E)  Effectiveness; efficiency 
A)  Quality; quantity 
B)  Effectiveness; quality 
C)  Efficiency; effectiveness 
D)  Efficiency; quality 
E)  Effectiveness; efficiency

Question 13

Henri Fayol originally identified planning, organizing, command, coordination, and ____ as the universal managerial functions.

Accepted Answer

A)  staffing 
B)  communicating 
C)  control 
D)  decision making 
E)  motivate 
A)  staffing 
B)  communicating 
C)  control 
D)  decision making 
E)  motivate

Question 14

Raymond Vitelli is CEO of Vitelli Innovations 3//4 a software firm. Recently, Vitelli Innovations has grown dramatically and Raymond finds that he lacks some confidence now that he is competing with bigger and stronger software companies. What is the cause of Raymond's lack of confidence?

Accepted Answer

A)  Laziness on the part of Raymond's employees 
B)  Laziness on the part of Raymond 
C)  Vitelli Innovations has outgrown Raymond's ability to manage 
D)  Vitelli Innovations has run out of money 
E)  Raymond Vitelli has become power-hungry 
A)  Laziness on the part of Raymond's employees 
B)  Laziness on the part of Raymond 
C)  Vitelli Innovations has outgrown Raymond's ability to manage 
D)  Vitelli Innovations has run out of money 
E)  Raymond Vitelli has become power-hungry

Question 15

Paul earned his college degree after retaking four classes, changing his major three times, and spending twice as much as his family budgeted. In terms of the definition of management, Paul was

Accepted Answer

A)  ineffective but efficient. 
B)  partly effective and partly efficient. 
C)  neither effective nor efficient. 
D)  effective but not efficient. 
E)  both effective and efficient. 
A)  ineffective but efficient. 
B)  partly effective and partly efficient. 
C)  neither effective nor efficient. 
D)  effective but not efficient. 
E)  both effective and efficient.

Question 16

What percentage of small businesses are microbusinesses, with fewer than five employees?

Accepted Answer

A)  60 percent 
B)  40 percent 
C)  20 percent 
D)  10 percent 
E)  Less than 5 percent 
A)  60 percent 
B)  40 percent 
C)  20 percent 
D)  10 percent 
E)  Less than 5 percent

Question 17

Union Pacific Railroad uses information technology to track the fuel efficiency of every engineer. This is an example of a company increasing efficiency and productivity while also protecting __________________.

Accepted Answer

A)  the train engines 
B)  the computers on board 
C)  the conductor 
D)  the natural environment 
E)  the freight 
A)  the train engines 
B)  the computers on board 
C)  the conductor 
D)  the natural environment 
E)  the freight

Question 18

Researchers recently found that multinational corporations adhering to strict environmental standards had ____ compared to those taking advantage of lax environmental standards.

Accepted Answer

A)  80 percent lower stock market valuations 
B)  20 percent lower stock market valuations 
C)  the same stock market valuations 
D)  20 percent higher stock market valuations 
E)  80 percent higher stock market valuations 
A)  80 percent lower stock market valuations 
B)  20 percent lower stock market valuations 
C)  the same stock market valuations 
D)  20 percent higher stock market valuations 
E)  80 percent higher stock market valuations

Question 19

____ involves comparing desired results with actual results and taking corrective action.

Accepted Answer

A)  Controlling 
B)  Motivating 
C)  Planning 
D)  Leading 
E)  Organizing 
A)  Controlling 
B)  Motivating 
C)  Planning 
D)  Leading 
E)  Organizing

Question 20

The management process would be aimless and wasteful without

Accepted Answer

A)  competitive pressure. 
B)  organizational objectives. 
C)  employee involvement. 
D)  shareholder commitment. 
E)  organizational profits. 
A)  competitive pressure. 
B)  organizational objectives. 
C)  employee involvement. 
D)  shareholder commitment. 
E)  organizational profits.

The Internet, global interconnectedness and the social media revolution have forced companies to consider all of the following risk related issues EXCEPT:

According to a survey by Economist magazine, a sound ethical compass was Number One on a Top 10 list of leadership qualities.

Making a big mistake and feeling threatened are included in the "school of hard knocks."

Managerial tell us what managers generally do, while managerial tell us more precisely how managers carry them out.

Assume that both car manufacturers produce high quality vehicles. If Honda annually produces 51 cars per worker, whereas Toyota produces 69 cars per worker, it can be said that in terms of labor productivity,

A common stumbling block for entrepreneurs is that

Dr. Marty Weller is a strong believer in maintaining smaller class sizes at the university where she is the President. This means hiring additional faculty and spending more money than allocated every year. However, the students are happy and are receiving a top-quality education. Dr. Weller is

Union Pacific Railroad's management team uses information technology to increase efficiency and improve the environment.

Entrepreneurship is the process by which individuals pursue opportunities without regard to

Phil recently read about the derailed managers study. Being a first-line manager and aspiring to climb the management ladder, Phil wants to avoid the mistakes involving working effectively with and through others identified in the study. Which of the following does he need to work on?

enters the picture when the resources required to achieve an objective are weighed against what was actually accomplished, whereas entails promptly achieving a stated objective.

Henri Fayol originally identified planning, organizing, command, coordination, and ____ as the universal managerial functions.

Raymond Vitelli is CEO of Vitelli Innovations 3//4 a software firm. Recently, Vitelli Innovations has grown dramatically and Raymond finds that he lacks some confidence now that he is competing with bigger and stronger software companies. What is the cause of Raymond's lack of confidence?

Paul earned his college degree after retaking four classes, changing his major three times, and spending twice as much as his family budgeted. In terms of the definition of management, Paul was

What percentage of small businesses are microbusinesses, with fewer than five employees?

Union Pacific Railroad uses information technology to track the fuel efficiency of every engineer. This is an example of a company increasing efficiency and productivity while also protecting __________________.

Researchers recently found that multinational corporations adhering to strict environmental standards had ____ compared to those taking advantage of lax environmental standards.

____ involves comparing desired results with actual results and taking corrective action.

The management process would be aimless and wasteful without

The Evolution of Management Thought

The Changing Environment of Management: Diversity, Global Economy, and Technology

International Management and Cross-Cultural Competence

Managements Social and Ethical Responsibilities

The Basics of Planning and Project Management

Strategic Management: Planning for Long-Term Success

Decision Making and Creative Problem Solving

Organizations: Effectiveness, Design, and Cultures

Human Resource Management

Communicating in the Internet Age

Motivating Job Performance

Group Dynamics and Teamwork

Influence, Power, and Leadership

Change, Conflict, and Negotiation

Organizational Control and Quality Improvement

Filters

Exam 1: Managers and Entrepreneurs

The Internet, global interconnectedness and the social media revolution have forced companies to consider all of the following risk related issues EXCEPT:

According to a survey by Economist magazine, a sound ethical compass was Number One on a Top 10 list of leadership qualities.

Making a big mistake and feeling threatened are included in the "school of hard knocks."

Managerial ____ tell us what managers generally do, while managerial ____ tell us more precisely how managers carry them out.

Assume that both car manufacturers produce high quality vehicles. If Honda annually produces 51 cars per worker, whereas Toyota produces 69 cars per worker, it can be said that in terms of labor productivity,

A common stumbling block for entrepreneurs is that

Dr. Marty Weller is a strong believer in maintaining smaller class sizes at the university where she is the President. This means hiring additional faculty and spending more money than allocated every year. However, the students are happy and are receiving a top-quality education. Dr. Weller is

Union Pacific Railroad's management team uses information technology to increase efficiency and improve the environment.

Entrepreneurship is the process by which individuals pursue opportunities without regard to

Phil recently read about the derailed managers study. Being a first-line manager and aspiring to climb the management ladder, Phil wants to avoid the mistakes involving working effectively with and through others identified in the study. Which of the following does he need to work on?

____ enters the picture when the resources required to achieve an objective are weighed against what was actually accomplished, whereas ____ entails promptly achieving a stated objective.

Henri Fayol originally identified planning, organizing, command, coordination, and ____ as the universal managerial functions.

Raymond Vitelli is CEO of Vitelli Innovations 3//4 a software firm. Recently, Vitelli Innovations has grown dramatically and Raymond finds that he lacks some confidence now that he is competing with bigger and stronger software companies. What is the cause of Raymond's lack of confidence?

Paul earned his college degree after retaking four classes, changing his major three times, and spending twice as much as his family budgeted. In terms of the definition of management, Paul was

What percentage of small businesses are microbusinesses, with fewer than five employees?

Union Pacific Railroad uses information technology to track the fuel efficiency of every engineer. This is an example of a company increasing efficiency and productivity while also protecting __________________.

Researchers recently found that multinational corporations adhering to strict environmental standards had ____ compared to those taking advantage of lax environmental standards.

____ involves comparing desired results with actual results and taking corrective action.

The management process would be aimless and wasteful without

The Evolution of Management Thought

The Changing Environment of Management: Diversity, Global Economy, and Technology

International Management and Cross-Cultural Competence

Managements Social and Ethical Responsibilities

The Basics of Planning and Project Management

Strategic Management: Planning for Long-Term Success

Decision Making and Creative Problem Solving

Organizations: Effectiveness, Design, and Cultures

Human Resource Management

Communicating in the Internet Age

Motivating Job Performance

Group Dynamics and Teamwork

Influence, Power, and Leadership

Change, Conflict, and Negotiation

Organizational Control and Quality Improvement

Filters

Managerial tell us what managers generally do, while managerial tell us more precisely how managers carry them out.

enters the picture when the resources required to achieve an objective are weighed against what was actually accomplished, whereas entails promptly achieving a stated objective.