Reference no: EM132819310

1. According to the Management Text: Managing workforce diversity is important for three reasons: 1) people management benefits - better use of employee talent, 2) organizational performance benefits - reduced costs, enhanced problem solving ability, improved system flexibility, and 3) strategic benefits - increased understanding of a diverse marketplace....

True/False

2. According to the Management Text: The three main challenges managers face in managing diversity are: personal bias, the glass ceiling, and socioeconomic background.

True/ False

3) According to the Management Text: Social responsibility is not a business's obligation to pursue as a long-term goal, but it may be good for society.

True/ False

4) According to the Management Text: Since ethical standards are universal, managers should know what they can and cannot do legally as defined by the Foreign Corrupt Practices Act.

True/ False

5. According to the Management Text: A change agent acts as the catalyst for change but does not assume responsibility for the change process.

True/ False

6) According to the Management Text: Creativity is the ability to combine ideas in a unique way or to make unusual associations between ideas.

True/ False

7. According to the Management Text: The four purposes of planning include: providing direction, reducing uncertainty, maximizing revenue generation, and establishing goals or standards for use in controlling.

Ture/False

8) According to the Management Text: In a traditional objective setting, objectives are set at the top of the organization and then become sub-goals for each organizational area (unit).

True/ False

9) According to the Management Text: Strategic management is important for three reasons: 1) it makes a difference in how well organizations perform, 2) it helps managers cope with continually changing situations, and 3) it helps and focus employee efforts on what's important....

True/ False

10) According to the Management Text: Porter's three competitive strategies are: 1) cost leadership (competing on the basis of having the lowest costs in the industry, 2) price leadership having the lowest product/service pricing in the industry, and 3) differentiation (competing on the basis of having unique products/services in a narrow segment of the industry.

True/ False