Reference no: EM132292965
1. What is efficiency?
A. Performing the right task
B. Attaining goals
C. Prioritizing work tasks
D. Quickly completing a task
E. Doing things correctly
2. Study of management is important because ________.
A. we all interact with organizations, and an understanding of management offers insights into many organizational aspects of the company
B. knowledge of management is important only if you choose to work in a large organization
C. the majority of employees are promoted to management
D. knowledge of management will guarantee that you will become a successful entrepreneur
E. managers have job security
3. What is management?
A. Doing a task correctly
B. A set of ongoing and interrelated activities
C. The process of getting things done, effectively and efficiently, with and through other people
D. Doing the right things
E. The primary activities or functions that managers perform
4. Which of the following was identified by the World Economic Forum as a significant risk facing business leaders and policy makers over the next decade?
A. Severe income disparity
B. Increased birth rates
C. Poverty
D. Security threats
E. Unethical business practices
5. The U.S. unemployment rate is reported at a specific percentage. This is a component of the ________ environment.
A. global
B. economic
C. technological
D. political/legal
E. sociocultural
6. Which of the following is a change related to an organization's focus on serving customers?
A. It is a concern only in service-related industries.
B. It is no longer part of management training.
C. It is the responsibility of marketing managers.
D. It is increasingly important to organizations and managers.
E. It has no relationship to employee attitudes and behaviors.
7. Which of the following environments represents the highest level of environmental uncertainty?
A. Simple, stable
B. Complex, stable
C. Simple, dynamic
D. Complex, dynamic
E. Successful, unsuccessful
8. Which of the following is not identified as a way for managers to encourage ethical behavior?
A. Provide ethics training.
B. Link job goals and performance appraisals.
C. Establish codes of ethics.
D. Lead by example.
E. Hire employees with low ethical standards.
9. Which global arrangement involves the greatest commitment of resources and poses the greatest amount of risk, with a company directly investing in a foreign country?
A. Foreign subsidiary
B. Strategic alliance
C. Multinational corporation
D. Franchise
E. Joint venture
10. Management ________ are the group of activities that managers perform, whereas management ________ are their abilities, talents, or capabilities.
A. practices; roles
B. functions; skills
C. functions; titles
D. skills; roles
E. priorities; procedures