BUS 500001- Peter is part of a global virtual team handling

BUS 500001- Peter is part of a global virtual team handling

Subject: Business    / General Business
Question

1. Peter is part of a global virtual team handling the Ebola outbreak crisis. He is part of a _______ organization.

A. commonweal

B. nonprofit

C. porous

D. mutual-benefit

2. Who suggested the importance of achieving common higher goals for reducing conflicts in organizations?

A. Henri Fayol

B. Mooney and Riley

C. Mary Parker Follett

D. Chester Barnard

3. Which of the following organizational forces deals with lobbyists?

A. Political

B. Social

C. Technological

D. Economic

4. Regarding an organization’s lifecycle, organizational politics enter into which of the following lifecycle phases?

A. Development

B. Decline

C. Growth

D. Creation

5. Which of the following is an example of traditional management?

A. Non-learning organization

B. Empowered employees

C. Participative management

D. Information economy

6. A company’s growth rate is 4%, and the economy’s growth rate is 6%. This is an example of _______ growth.

A. normal

B. supernormal

C. negative

D. zero

7. A positive result from the scientific management approach is an increase in _______ productivity.

A. social

B. management

C. employee

D. psychological

8. Which of the following types of organizations operate to protect, preserve, and educate citizens?

A. Commonweal

B. Nonprofit

C. Porous

D. Mutual-benefit

9. Which of the following considers both owners and customers when making management decisions?

A. B-corporation

B. C-corporation

C. Limited liability company (LLC)

D. S-corporation

10. Regarding competitive strategies, companies seek efficient manufacturing and productive employees to achieve

A. differentiation.

B. low-cost leadership.

C. global operations.

D. focused differentiation.

11. A company decides to improve its product warranty to show customers it has higher quality when compared to other products in the marketplace. This is an example of

A. threat of new entrants.

B. rivalry among existing firms.

C. availability of complementary products.

D. bargaining power of suppliers.

12. A company’s marginal revenue is $15, its marginal cost is $15, and its price is $20. This company is operating in a/an _______ market structure.

A. perfect competition

B. monopoly

C. oligopoly

D. monopolistic competition

13. “New and improved” products come from _______ innovation.

A. traditional

B. reverse

C. incremental

D. breakthrough

14. How do organizations formulate and implement strategies that provide a competitively superior fit between the organization and its environment to achieve its goals?

A. Developing stretch goals

B. During supernormal growth business cycles

C. Becoming porous organizations

D. Using the strategic management process

15. In traditional management, _______ departments are the norm.

A. lean

B. silo

C. semi-silo

D. agile

16. Which of the following is an advantage of decentralized decision making?

A. Optimization of power

B. Autonomy

C. Optimization of resources

D. Knowledge in policies and procedures

17. Juan found a supplier that costs 20% less than all other suppliers who provide the same quality. This is an example of

A. efficiency.

B. economy.

C. effectiveness.

D. productivity.

18. Employee empowerment can be found in _______ departments.

A. agile

B. silo

C. semi-silo

D. legacy

19. Regarding competitive strategies, advertising is used in which strategy?

A. Global operations

B. Low-cost leadership

C. Focused differentiation

D. Differentiation

20. _______ occurs when the cyclical unemployment rate is zero.

A. Full employment

B. Structural unemployment

C. Frictional unemployment

D. Natural unemployment
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