Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 (2 points) The organization sets out to be the lowest-cost producer in its industry is believed to be following the Differentiation strategy. Question

Question 1 (2 points)

The organization sets out to be the lowest-cost producer in its industry is believed to be following the Differentiation strategy.

Question 1 options:

True
False

Question 2 (2 points)

A Boundaryless Organization is..

Question 2 options:

An organizational structure in which the entire organization is made up of work groups or teams.

None of the given

An organizational structure in which employees continuously work on projects.

An organizational structure that assigns specialists from different functional departments to work on one or more projects.

Question 3 (2 points)

Overspecialization of work can result in human diseconomies from boredom, fatigue, stress, poor quality, increased absenteeism, and higher turnover.

Question 3 options:

True
False

Question 4 (2 points)

Rational Decision Making is about making decisions that are consistent and value-minimizing within specified constraints

Question 4 options:

True
False

Question 5 (2 points)

Single businesses of an organization in several different businesses that are independent and formulate their own strategies are called Strategic Business Units (SBUs).

Question 5 options:

True
False

Question 6 (2 points)

A person's need for internal factors such as self-respect, autonomy, and achievement, and external factors such as status, recognition, and attention is known as..

Question 6 options:

None of the given

Self-actualization needs

Social needs

Esteen needs

Question 7 (2 points)

"The continuous line of authority that extends from the top of the organization to the lowest level and clarifies who reports to whom" is...

Question 7 options:

Organizational chart

Chain of command

Span of control

Work simplification

Question 8 (2 points)

Judging a person based on a prejudicial perception of a group to which that person belongs is an example of..

Question 8 options:

Personal bias

Stereotyping

Prejudice

Discrimination

Question 9 (2 points)

The assumption that employees are creative, enjoy work, seek responsibility, and can exercise self-direction is known as Theory X.

Question 9 options:

True
False

Question 10 (2 points)

Business plan is a written document that summarizes a business opportunity and defines and articulates how the identified opportunity is to be seized and exploited.

Question 10 options:

True
False

Question 11 (2 points)

Subcultures exclude the core values of the dominant culture, plus additional values unique to members of the subculture.

Question 11 options:

True
False

Question 12 (2 points)

As per the BCG matrix, which is incorrect?

Question 12 options:

Stars: high growth rate, high market share

Cash cows: low growth rate, high market share

Question marks: low growth rate, high market share

Dogs: low growth rate, low market share

Question 13 (2 points)

A process of setting mutually agreed-upon goals and using those goals to evaluate employee performance is called..

Question 13 options:

Management Beyond Objectives (MBO)

Management By Objectives (MBO)

None of the given

Management Between Objectives (MBO)

Question 14 (2 points)

Identify the correct five forces.

Question 14 options:

1.Threat of New Entrants

2.Threat of Superiors

3.Bargaining Power of Buyers

4.Bargaining Power of Suppliers

5.Current Rivalry

1.Threat of New Entrants

2.Threat of Substitutes

3.Bargaining Power of Buyers

4.Bargaining Power of Suppliers

5.Current Rivalry

1.Threat of New Entrants

2.Threat of Substitutes

3.Bargaining Power of Buyers

4.Bargaining Power of Suppliers

5.Potential Rivalry

1.Threat of New Entrants

2.Threat of Substitutes

3.Bargaining Power of Sellers

4.Bargaining Power of Suppliers

5.Current Rivalry

Question 15 (2 points)

A Matrix structure is..

Question 15 options:

None of the given

An organizational structure in which employees continuously work on projects.

An organizational structure that assigns specialists from different functional departments to work on one or more projects.

An organizational structure in which the entire organization is made up of work groups or teams.

Question 16 (2 points)

Selecting, organizing, and interpreting events based on the decision maker's biased perceptions is knows as..

Question 16 options:

Selective perception

Selective listening

Subliminal perception

Passive listening

Question 17 (2 points)

As per the BCG, which of the following need heavy investment?

Question 17 options:

Dogs

Cash cows

Stars

Question marks

Question 19 (2 points)

Seeking to increase the organization's business by expanding the number of products offered or markets served, either through its current business(es) or through new business(es) is an example of..

Question 19 options:

Growth strategy

Diversification strategy

Stability strategy

Concentration strategy

Question 20 (2 points)

The plan that aims to position the organization in terms of its environment is..

Question 20 options:

Tactical Plan

Long term plan

Strategic Plan

Operational Plan

Question 21 (2 points)

A business model..

Question 21 options:

requires that managers examine and adapt to business environment changes, allowing them to better cope with uncertain environments.

plans for how an organization will do what it's in business to do, how it will compete successfully, and how it will attract and satisfy its customers in order to achieve its goals.

None of the given

is a strategic design for how a company intends to profit from its strategies, work processes, and work activities.

Question 22 (2 points)

Decisions which are unique and nonrecurring; and which require custom-made solutions are Structured decisions.

Question 22 options:

True
False

Question 23 (2 points)

The degree to which lower-level employees provide input or actually make decisions is Decentralization.

Question 23 options:

True
False

Question 24 (2 points)

An organization's major value-creating skills, capabilities, and resources that determine its competitive advantage is..

Question 24 options:

Core competencies

Key factors

Vital resporces

Capabilities

Question 26 (2 points)

SWOT means..

Question 26 options:

Strong, Weakness, Opportunity, Threat

Strengths, Weaknesses, Opportunities, and Talent

Strengths, Weaknesses, Opportunities, and Threats

None of the given

Question 27 (2 points)

Span of control is.

Question 27 options:

The continuous line of authority that extends from the top of the organization to the lowest level and clarifies who reports to whom.

Authority that entitles a manager to direct the work of an employee.

The rights inherent in a managerial position to tell people what to do and to expect them to do it.

The number of employees who can be effectively and efficiently supervised by a manager.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Small Business Management Entrepreneurship and Beyond

Authors: Timothy s. Hatten

5th edition

538453141, 978-0538453141

More Books

Students also viewed these General Management questions

Question

What is the relation of physical mathematics with examples?

Answered: 1 week ago

Question

What are oxidation and reduction reactions? Explain with examples

Answered: 1 week ago