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Fundamentals of Economics and Management | Set 10

1. You are a member of a work team whose goal is to improve the efficiency of the production process. Your team is best described as:

Correct : C. Problem-solving.

2. Work groups of employees and supervisors that meet regularly to discuss their quality problems and recommend solutions is a form of participative management called:

Correct : B. Quality circles.

3. Self-managed work teams are generally:

Correct : A. Groups of employees who take on the responsibilities of their former supervisors.

4. ____________ teams are employees from about the same hierarchical level, but from different work areas, who come together to accomplish a task.

Correct : C. Cross-functional

5. ______________________ teams are an effective way to allow people from diverse areas within an organization to exchange information, develop new ideas and solve problems, and coordinate complex project.

Correct : D. Cross-functional

6. Virtual teams are characterized by:

Correct : D. Use of computer technology to communicate with individuals at different worksites.

7. Which of the following is not useful in building trust?

Correct : D. Keep your feelings to yourself.

8. The stages of group development are:

Correct : D. Forming, storming, norming, performing, adjourning.

9. In the second stage of group development:

Correct : C. intragroup conflict often occurs.

10. After which stage of a group‟s development has the group formed a common set of expectations of member behaviours?

Correct : C. norming

11. According to the punctuated-equilibrium model, all of the following are true about groups except:

Correct : B. A transition takes place at the end of the first phase which occurs exactly when the group has used up one third of its allotted time.

12. In order to reinforce team effort and commitment, managers should consider the use of:

Correct : D. recognition and small financial rewards

13. Successful teams translate their _______ into specific, measurable, and realistic performance goals.

Correct : C. common purpose

14. _____________ is reliability, predictability, and good judgment in handling situations.

Correct : A. Consistency

15. _______________ is a characteristic of high performance teams where members believe in the integrity, character, and ability of each other

Correct : A. Trust

16. All of the following are advantages of diversity except:

Correct : B. increased cohesiveness

17. The strongest case for diversity on work teams centres around:

Correct : D. bringing multiple perspectives to discussion and thus increasing unique solutions.

18. When managing a diverse team, it is important to keep in mind that:

Correct : B. the lack of a common perspective means that more time is spent on discussing issues

19. The challenge of creating team players will be greatest where the national culture is:

Correct : C. individualistic

20. The challenge of creating teams is less demanding for management when teams are introduced where employees have strong _________ values

Correct : A. collectivist

21. When designing reward systems for teams, it is best to encourage cooperative efforts rather than ____________ ones.

Correct : B. competitive

22. If companies value teamwork, then promotions, pay raises, and other forms of recognition should be given to individuals for how effectively the work as:

Correct : B. team members

23. In our model of decision making under different conditions, what is the difference between risk and uncertainty?

Correct : B. Under risk, choices are clear and the chances of different outcomes can be measured; under uncertainty, neither applies.

24. When a manager knows little about the intended goals of a decision and the outcomes of the options are unclear, what type of situation are they in?

Correct : D. Ambiguity

25. Decision making situations can be categorized along a scale which ranges from………

Correct : C. Certainty to risk to uncertainty to ambiguity

26. A firm that is involved in two or more distinct businesses is known as:

Correct : A. A diversified company

27. Which of the following describe(s) a global marketplace?

Correct : A. The entire world is a marketplace

28. The __ of a strategy specifies the range of markets in which an organization will compete

Correct : A. Scope

29. When a manger made a decision and he is uncertain about the outcomes. His decision is likely to be:

Correct : D. Risky

30. Non-programmed decisions are typically made under a condition of which of the following?

Correct : C. Uncertainty

31. Which of the following is part of the 14 principles of management identified by Henri Fayol?

Correct : A. Scalar chain

32. A well-designed goal should be:

Correct : B. Written in terms of outcomes rather than actions

33. The threat of new entrants is the extent to which new competitors can easily enter a market. Thus the threat of new entrants for a local restaurant than a automobile company is

Correct : D. Equal

34. Which of the following BEST describes directional plans?

Correct : A. Flexible plans that set out general guidelines

35. SWOT analysis divides organizational strengths into two categories; common strength and__.

Correct : D. Distinctive competencies

36. Planning is often called the primary management function because it:

Correct : C. Establishes the basis for all the other functions

37. The organization that has developed the capacity to continuously learn, adapt, and change is called:

Correct : B. Learning organization

38. Which of the following is important in effectively implementing the chosen alternative in the decisionmaking process?

Correct : C. Allowing those impacted by the outcome to participate in the process

39. Cultivating a learning culture where organizational members systematically gather knowledge and share it with others in the organization so as to achieve better performance is called:

Correct : A. Knowledge management

40. Which one of the following individuals is most closely associated with scientific management?

Correct : A. Frederick Taylor

41. All of the following are steps in objective setting, EXCEPT.

Correct : D. Prioritize goals

42. Concern for employee motivation is most closely associated with which of the following management approach?

Correct : B. Organizational behavior

43. An appropriate managerial behavior in a given situation that depends on a wide variety of elements, is called:

Correct : B. Contingency perspective

44. A budget is an example of which of the following plan?

Correct : B. Single use plan

45. Which of the following is best described as doing something differently and has been described as discontinuous or complementary change?

Correct : B. Innovation

46. First-line managers are responsible to report to:

Correct : B. Middle-level mangers

47. Associations of different nations like European Union & NAFTA have been established to:

Correct : C. Promote open trade among nations

48. Discrepancy between existing and a desired state of affairs is called:

Correct : D. Problem

49. Low level management has a complete authority to make decisions in case of:

Correct : C. Scalar Chain

50. Which of the following is called an input to a system?

Correct : D. Employee behavior

51. When objectives are not written down or rarely verbalized, and the planning is general and lacks continuity, which of the following types of planning is used?

Correct : C. Informal planning

52. Which one of the following is an example of organization?

Correct : D. All of the given options

53. The principle of “Division of Labor” was given by:

Correct : C. Adam Smith

54. Which of the following types of plans is highly interdependent and must take into account the resources and capabilities of the entire organization and its external environments?

Correct : B. Strategic plans

55. In some countries, such as Venezuela, titles, rank, and status carry a lot of weight. These countries have a large:

Correct : A. Power distance

56. Plant managers come under which of following management levels?

Correct : C. Middle managers

57. At the very first stage of establishment, organizations are generally indulged in:

Correct : A. Planning

58. Feed Back of ____ is necessary to improve the quality of the product.

Correct : D. All of the given options

59. The process of monitoring performance, comparing it with goals and correcting any significant deviations is known as:

Correct : D. Controlling

60. Staffing is concerned with providing and maintaining................resources.

Correct : C. Human

61. Kets de Vries (1996) identified that most successful leaders perform two roles. What are these roles?

Correct : A. Charismatic and architectural

62. The Action Centred Leadership model was put forward and developed in 1973 by whom?

Correct : C. Adair

63. It has been identified that there are 6 Pillars of Character that are important to adopting and ethical perspective in leadership development. Can you name four of the six?

Correct : A. Trustworthiness, Respect, Responsibility, Fairness, Caring and Citizenship

64. Berg and Chyung use an analogy to distinguish formal and informal learning. In this analogy, formal learning is represented as a journey by bus, whereas informal learning is characterized as what?

Correct : B. Like riding a bicycle

65. Barner and Higgins identify four theory models of coaching to which all coaches will subscribe, consciously or otherwise, in varying degrees. Which of these models aims primarily to help the individual to gain insights into themselves (as a person and as a manager) and to effect changes based on those insights?

Correct : D. Clinical model

66. The authors take a broad view of leadership and management (L&M) development, including all activities aimed at building ongoing L&M capacity, enabling the organization to meet its objectives, to sustain itself and to what else?

Correct : A. Transform itself

67. Holton (1996) criticised Kirkpatrick's model of levels of evaluation in learning, stating that only three of these levels were causally related to learning and development. Which were the three levels Holton identified?

Correct : B. Learning, individual performance, organizational results

68. Research in the styles of leadership preferred by different generations was completed by Arsenault (2004). What was the style of leadership that Generation X was found to prefer?

Correct : D. Egalitarian

69. Earley and Mosakowski (2004) developed the concept of cultural intelligence in the context of attitudes and skills. Which of the following did they identify which related to learning strategies whereby people acquire and develop coping strategies?

Correct : A. Mind

70. Whilst there is no consensus as to what global leadership competencies are there is agreement as to what according to Neary and O'Grady?

Correct : D. The need to develop managers through such an approach

71. Planning to learn from experience is in keeping with which of Mumford's four approaches to learning?

Correct : A. Prospective approach

72. Which of Carnall's (2003) four core managerial components essential for the effective management of change involves team building?

Correct : D. Maintaining momentum

73. Which type of decision making process in effect involves no decision per se?

Correct : B. nominal decision making

74. Nominal decision making is sometimes referred to as _____.

Correct : A. habitual decision making

75. A(n) _____ is the way an individual perceives his or her feelings and situation to be at the present time.

Correct : B. actual state

76. The four main approaches to organisations and management are……..

Correct : D. classical, human relations, systems and contingency