MGT101 Quiz 1 Solution



Q1. Technical skills involve the ability to build cooperation within the team being led.
a. true
b. false

Q2. When an individual loses interest in his career, fails to keep his job skills updated, and suffers a lack of productivity, he has most likely entered which stage of his career?
a. maintenance
b. establishment
c. exploration
d. trial
e. decline

Q3. Management is the process of reaching organizational goals by working with and through people and other resources.
a. true
b. false

Q4. Managerial effectiveness is measured by the extent to which the manager achieves organizational goals.
a. true
b. false

Q5. Effective managers should assume the responsibility of assisting their subordinates in career development.
a. true
b. false

Q6. According to Robert L. Katz, managerial success depends primarily upon personality traits.
a. true
b. false

Q7. A manager who wastes resources to achieve organizational goals may be effective but inefficient.
a. true
b. false

Q8. Organizational resources include monetary, human, raw materials, and capital.
a. true
b. false

Q9. As a manager moves from lower-level management to upper-level management, conceptual skills become more important and technical skills less important.
a. true
b. false

Q10. In order to successfully utilize contingency management concepts and tactics, managers must first consider the realities of the specific organizational circumstances they face.
a. true
b. false

Q11. ________ performed motion studies of bricklaying
a. Henry Gannt
b. Frederick Taylor
c. Frank Gilbreth
d. Abraham Maslow
e. Henri Fayol

Q12. The classical approach to management was the product of the first concentrated effort to develop a body of management thought.
a. true
b. false

Q13. Which of the following researchers has made the greatest contribution to the human relations movement?
a. Frederick Taylor
b. L. Thomas Hopkins
c. Lillian Gilbreth
d. Abraham Maslow
e. Henry Fayol

Q14. With ________, every organizational member understands his or her own job and how the job fits together to provide final products to the customer.
a. Personal mastery
b. Shared vision
c. Systems thinking
d. Team learning

Q15. The management system is a closed system.
a. true
b. false

Q16. A number of interdependent parts functioning independently of each other are a system.
a. true
b. false

Q17. The lower-level analysis portion of the classical approach concerns the management function as a whole.
a. true
b. false

Q18. The management science approach emphasizes the use of the scientific method and mathematical techniques to solve operational problems.
a. true
b. false

Q19. All ethical and unethical conduct within an organization needs to be covered in one code of ethics.
a. true
b. false

Q20. The first step, or phase, in converting social responsibility policies into actions is the recognition by top management that the organization has some social obligation to all organization members.
a. true
b. false

Q21. One of the areas of social responsibility is employment practices.
a. true
b. false

Q22. Irrespective of which argument or combination of arguments particular managers embrace, they generally should be required to perform social responsibility activities beyond those legally required.
a. true
b. false

Q23. The philosophy that you should act in a way you would expect others to act toward you is known as the utilitarian principle.
a. true
b. false

Q24. Which federal agency strives to reduce consumer misunderstandings of manufacturers' product design, labeling, and so on, by promoting clarity of these messages?
a. Environmental Protection Agency
b. Equal Employment Opportunity Commission
c. Occupational Safety and Health Administration
d. Consumer Product Safety Commission

Q25. Business ethics can only be approached from one direction.
a. true
b. false

Q26. Acting in such a way that the action taken under the circumstances could be a universal law, or rule, of behavior would best define which of the following ethical standards?
a. the utilitarian principle
b. the professional ethic
c. Kant's categorical imperative
d. part of the four-way rule
e. the golden rule

Q27. The culture-specific approach gives employees a genuine non-appreciation for the culture they are about to encounter.
a. true
b. false

Q28. According to The Hudson Institute report, the United States must pay more attention to its share of world trade and less to the growth of the economies of other nations of the world so that we can have a worse economy.
a. true
b. false

Q29. The multicultural approach to organizational diversity is the most effective approach to pluralism.
a. true
b. false

Q30. 'Token' employees are always given very high visibility in an organization.
a. true
b. false

Q31. ________ is a preconceived judgment, opinion or assumption about an issue.
a. Ethnocentrism
b. A stereotype
c. Tokenism
d. Prejudice

Q32. Reverse discrimination is the term used to describe inequities affecting members of the minority group as an outcome of programs designed to assist the majority group.
a. true
b. false

Q33. Minorities as well as women often face a 'glass ceiling' limiting their potential advancement.
a. true
b. false

Q34. Managers cannot rise to the challenge of managing a diverse workforce unless they recognize that many employees have difficulties coping with diversity.
a. true
b. false

Q35. One of the similarities of international management and domestic management is that the vast majority of countries experience the industrial revolution at the same time.
a. true
b. false

Q36. Selling goods and services to another country is called 'importing'.
a. true
b. false

Q37. Third-country nationals are organization members who are citizens of the country in which the facility of a foreign-born organization is located.
a. true
b. false

Q38. A polycentric attitude reflects the belief that multinational corporations should regard home-country management as superior to foreign-country management practices.
a. true
b. false

Q39. One form of international management is fighting competition in foreign markets.
a. true
b. false

Q40. The increased distance associated with multinational corporations makes communication between the different divisions easier.
a. true
b. false

Q41. Recently, investments by foreign countries in the United States are growing more rapidly than U.S. investments in foreign countries.
a. true
b. false

Q42. Managers who usually make foreign investments normally expect such investments will allow participation in the rapid expansion of a market abroad.
a. true
b. false

Q43. ________ are firms that raise money from investors and then use money to make investments in new firms.
a. Entrepreneurs
b. Lending institutions
c. Angel investors
d. Venture capitalists

Q44. ________ is the likelihood and magnitude of an opportunity's downside loss.
a. Feasibility analysis
b. Entrepreneurial risk
c. Entrepreneurial alertness
d. Information asymmetry

Q45. Opportunity evaluation is the first stage of the entrepreneurial process.
a. true
b. false

Q46. Today, approximately ________ angel investors provide capital to companies each year.
a. 40,000
b. 4,000
c. 400,000
d. 14,000

Q47. Venture capitalists are wealthy individuals who provide capital to new companies.
a. true
b. false

Q48. With respect to corporate entrepreneurship, sustained regeneration occurs when firms develop new culture, processes, or structures to support new product innovations.
a. true
b. false

Q49. ________ occurs when a firm attempts to alter its own competitive strategy.
a. Domain definition
b. Sustained regeneration
c. Strategic renewal
d. Organized rejuvenation

Q50. Angel investors help approximately 50,000 companies get off the ground each year.
a. true
b. false


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