bestmind

MGT 521 FINAL EXAM GUIDE (NEW)

1. ________ is defined as a business firm- intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society.         
Social screening         
Social responsibility
Social obligation        
Values-based management 
2. The balanced scorecard measures organizational performance against previously established standards. Which of the four functions of management relates most closely to setting these standards?           
Controlling
Leading          
Organizing     
Planning 
3. Budgets can be used as tools within which two functions of management?
Controlling and organizing    
Planning and leading
Controlling and planning
Organizing and leading 
4. Indira Patel has been working in her organization- computer security department for the past 10 years. If another employee follows Indira- recommendations in a given situation, based on her expertise in computer security, which source of power is Indira using?    
Legitimate power      
Coercive power          
Expert power
Referent power 
5. If Carol Reece is a charismatic leader, which of the following characteristics is she most likely to possess?         
An external locus of control  
A sensitivity to environmental constraints and follower needs
A strong need to be in control           
A fear of taking risks 
6. According to the Ohio State studies, which of the following dimensions of leader behavior refers to the extent to which a leader is likely to define and structure his or her role and the roles of group members to meet goals?     
Consideration structure         
Intelligence structure
Initiating structure
Psychological structure 
7. On Monday, Jim- Taco Shop identified a problem with tainted ground beef that was used to make tacos and nacho platters for its lunch customers. If the staff at Jim- did not identify the problem until after the lunch rush, what type of control would this demonstrate?    
Feedforward control  
Concurrent control    
Proactive control       
Feedback control 
8. The ________ determines the number of levels and managers in an organization. 
chain of command     
span of control
unity of command      
delegation of authority 
9. During benchmarking, an organization can compare its processes and products to competitors in its own industry and to noncompetitors outside the industry. What is a main benefit of comparing a firm- performance against an organization it does not consider a competitor?        
A noncompetitor may allow an organization to see its practices more readily than a competitor in the same industry.
A noncompetitor may be the world leader in a specific process or practice, and an organization can learn from it. 
A noncompetitor may be easier to find and benchmark, because the top firms in the world are so diverse.          
There is no benefit to benchmarking a firm against a noncompetitor. 
10. If a manager rationalizes that he or she does not have time to investigate the source of a problem and instead resorts to putting out fires, the manager is missing the use of ________.
bureaucratic control  
basic corrective action          
concurrent control     
immediate corrective action 
11. Which leadership theory is derived from the belief that a leader- job is to remove pitfalls and roadblocks so followers can achieve their work goals?   
Contingency theory    
Fiedler- theory          
Leader participation model   
Path-goal theory 
12. A company that wants to distinguish itself from the competition in the marketplace is most likely using which of the following strategies?   
Functional strategy      
Focus strategy
Differentiation strategy
Generic strategy 
13. When a manager makes use of a SWOT analysis, one of his or her objectives is to
set specific short-term performance standards for each department 
formulate appropriate strategies to exploit strengths, protect against threats, and correct weaknesses 
evaluate the desirability of issuing stocks or bonds in the current financial climate 
identify the best employees to fill each position in the organization 
14. What can be said about a manager who believes she worked hard and met her organization- productivity goals despite unfavorable conditions?        
She has an external locus of control.
She has a high ego strength. 
She has an internal locus of control. 
She has a low ego strength. 
15. Which of the following is a characteristic of a matrix organization?
It is free of internal and external boundaries.          
It has formal departments to which employees return after completing a project
It conforms to the unity of command principle.       
It has a single chain of command for functional managers to report to. 
16. Which of the following is a characteristic of an organic organization?        
Narrow span of controls        
High specialization
Cross-functional teams          
Rigid departmentalization 
17. Conflicts can be resolved by satisfying one- own needs at the expense of others. This conflict- management technique is known as ________.    
forcing
avoiding         
collaborating  
compromising 
18. When planning for unexpected events, a company is using which of the following techniques?
Contingency planning
Benchmarking
Financial forecasting 
SWOT analysis 
19. Melvin manages a team of 10 employees, including Jane and Jared.  Jared is leaving the organization to find a job as a manager in another field. Meanwhile, due to performance issues, Melvin terminates Jane- employment with the company. Both of these are examples of what type of employee behavior?           
Job satisfaction          
Employee productivity           
Absenteeism  
Turnover 
20. Searching for new ideas beyond an organization- boundaries and allowing changes to easily transfer inward and outward is known as ________.         
open innovation
strategic partnering   
knowledge management       
organizational osmosis 
21. Which business practice would likely encourage ethical behavior? 
Intense competition for valued rewards       
Cultural values for obedience to authority   
Strong emphasis on individual productivity  
Strong emphasis on leading by example 
22. Why are feedforward controls more rarely implemented as compared to other types of controls?           
Feedforward controls result in wasted time and money.     
Feedforward controls require managers to interact directly with employees.       
Feedforward controls are time-consuming for managers because they must continually monitor progress.        
Feedforward controls require timely and accurate information that is hard to obtain. 
23. Which of the following statements is true about group decision making? 
It generates more complete information and knowledge.
It is most suitable for matters that must be critically evaluated.     
It prevents any one minority from dominating or influencing the final decision.    
It takes less time to reach a solution than it would an individual. 
24. In the ________ approach of going green, organizations respond to the environmental preferences of customers.
activist
legal   
market
stakeholder 
25. Thomas often annoys his coworkers with his talkativeness and assertive personality. According to the Big Five Model of personality, Thomas would be described as high in the trait of  ________.     
openness to experience         
extraversion
agreeableness
conscientiousness 
26. If a firm wanted to identify how much money was being made for each sale of a given product (above and beyond the costs associated with making that product), what type of ratio would it use?        
Liquidity ratios           
Activity ratios 
Profitability ratios      
Leverage ratios 
27. It is crucial to determine an acceptable _____ during the comparing step in the control process.           
written report
measure of organizational performance      
ideal standard
range of variation 
28. An organization- ________ goals are official statements of what an organization says its goals are.           
real     
stated
synthetic         
implicit 
29. Kelly is interviewing candidates to fill a vacancy on her team. One candidate has a degree from a prestigious university, and Kelly is impressed. In speaking with her fellow members of the interview panel, however, Kelly finds that no one else enjoyed the interview with the candidate, finding her to be pompous, aggressive, and self-serving. In her focus on only the candidate- education, Kelly may have fallen victim to _______.     
stereotyping   
the halo effect
assumed similarity     
selectivity 
30. Which of the following stages is when the group structure is in place and accepted by the group members?      
Norming         
Storming        
Performing
Adjourning


Answered
Other / Other
02 Apr 2016

Answers (1)

  1. bestmind

    MGT 521 FINAL EXAM GUIDE (NEW)

    1. ________ is defined as a business firm’s intention, beyond its legal and economic obliga ****** ******
    To see full answer buy this answer.
    Answer Attachments

    1 attachments —

    • img
      MGT_521_Final_Exam_Guide279756.docx

Report As Dispute

Share Your Feedback

Give Review : A+ A B C D F