MGMT 320 – Flashcards

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Reengineering basically means preserving the past by establishing the sequence of activities by how work was done
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False
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The framework in which the organization defines how tasks are divided, resources are deployed and departments are coordinated is called organizational structure
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True
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Recruiters are now viewing the profiles and pictures of candidates on social networking sites such as Facebook
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True
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Research has shown that strategic thinking and planning positively affect a firm's performance and financial success
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True
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Service firms include banks, hotels, and law firms
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True
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Hiring and keeping quality employees is one of the most urgent concerns for today's organizations
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True
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A diverse workforce is better able to anticipate and respond to changing consumer needs
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True
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A desired future state that the individuals or organization attempts to realize is a goal
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True
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Executives acquire information about external opportunities and strengths from a variety of reports, including budgets, financial ratios, profit and loss statements, and surveys of employee attitudes and satisfaction
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False
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Stereotypes assume that all members of a group have the same characteristics
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True
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One of the limitations of setting goals and making plans is that they can get in the way of creativity
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True
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The behavioral style is often adopted by managers who like to consider complex solutions based on as much data as they can gather
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False
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Prevention and preparation are the two stages of crisis management
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True
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Collaboration refers to the managerial task of adjusting and synchronizing the diverse activities among different individuals/activites
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False
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People who prefer simple, clear-cut solutions to problems use the directive style
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True
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The confusion and frustration caused by the dual chain of command is a major problem of the matrix structure
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True
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Risk propensity refers to the willingness to undertake risk with the opportunity gaining an increased payoff
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True
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Satisficing behavior occurs when we choose the first solution alternative that satisfies minimal decision criteria regardless of whether better solutions are expected to exist
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True
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The trend in recent years has been toward narrower spans of control as a way to facilitate delegation
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False 1
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A broad definition of the organizations values, aspirations and reason for being, along with a recognition of the scope and operations that distinguishes the organization refers to a business plan
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false
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Th distinctive feature of the project manager position is that the person is not a member of one of the departments begin coordinated
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True
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Research shows that companies with several senior-level women underperform financially and organizationally in comparison to those without senior level women
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False
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step one in the managerial decision making process is recognition of descicon requirement
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True
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one of the questions that human resource planning should consider includes "what is the profit margin and inventory turnover rate?"
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False
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Many people that men make better managers because of their more collaborative, less hierarchal, relationship-oriented approach that is in tune with today's global and multicultural environment
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False
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Some companies hire competitive intelligence professionals to scan the external environment and provide data and research on relevant and domestic and global trends
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True
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Groupthink refers to the tendency of people in groups to suppress contrary opinions
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True
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Because employees with different backgrounds bring different options and ideas to the table, a diverse workhouse may lead to increased conflict, anxiety, and misunderstanding
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True
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Goals should be easy for employees to feel motivated so that they can achieve hem easily, which in turn increases their motivation level
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True
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in the divisional approach, coordination across divisions is great whereas coordination within divisions is often poor
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false
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the essence of formulating strategy is choosing how the organization will conform become to become like its key competitors in the industry
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false
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research show s that realistic job previews lower employee satisfaction and increase turnover
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false
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traditional views of organizational design recommend a span of management of about 7 to 10 subordinates per manager
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True
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The formulation stage involves the use of managerial, administrative, and persuasive abilities to ensure that the chosen alternative is carried out
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False
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The approach that managers use to make decisions usually falls into one of three types-- the classical model, the administrative model, and the political model
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True
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Front-line managers have the final responsibility for strategic planning
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False
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Brainstorming uses a face to face interactive group to spontaneously suggest a wide range of alternatives for decision making
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True
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For companies to operate effectively, the amount of centralization or decentralization should fit the firm's strategy
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True
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point-counter point is a descion making technique in which people are assigned to express competing point of view
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True
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Which of the following structures is most consistent with a strategy of stability?
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Functional Structure
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A blue print specifying the resource allocations schedules, and other actions necessary for attaining goes is referred to as a
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plan
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________ decisions are associated with decision rules
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Programmed
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_______ in a psychological experience of a person who, usually emerged in a task, is aware of a stereotype about his or her identity group suggesting he or she will not perform well on that task
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Stereotype Threat
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With a(n) ____ strategy, the organization attempts to develop innovative products unique to the market
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Differentiation
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managers are considered _______ style when they prefer to consider complex solutions based on as match data as they can gather
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analytical
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_________ is characterized by intangible outlets
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service technology
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_________ is a contemporary approach to structural design in departmentalization
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Teams
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Double Click, Inc. has a number of strategic business units. Their hand-held computer unit has a large market share in this rapidly growing industry.. Their hand-held computer business would be classified as:
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a star
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Sarah is a middle manager at Stylin' Sneakers corporation. She is most likely responsible for the achievement of ___________ goals
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tactical
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Bierderlack has a policy that states that more than three absences in a 6 month periodshall result in a suspension. Colleen, the manager, has just decided to fire one of her shift employees for violating this policy. This is an example of:
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A programmed decision
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there is little duplication of services across divisions
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false
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Which of the following typically is not considered a staff department?
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Manufacturing
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is developing a new product a program or non programmed decisions?
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Nonprogrammed
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It is inappropriate to ask applicants ancestry/ ethnicity on an employment application
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True
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Where does the information about opportunities and threats comes from?
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Scanning the external environments
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Pizza Deluxe University is an in house center and education facility that offers broad based learning opportunities for employees. Pizza Deluxe University would be considered:
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corporate university
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MBO Operational goals are able to displace strategic goals
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False
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Cash Cow
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It has a large market share in a slow growth industry
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When managers base decisions on what has worked in the past and fail to explore new options, they are
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perpetuating the status quo
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Mingles, Inc. concentrates its efforts on its target market of 18 to 25 year olds. It is using _____ strategy
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focus
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What structure works best in an uncertain organizational environment?
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A horizontal structure
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the plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is known as?
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strategy
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Focusing manager and employee efforts on activities that will lead to goal attainment is a benefit of what?
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Management by objectives
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Which of the following is a commonly-cited limitation of plans?
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Plans can create a false sense of security
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TEST 3
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TEST 3
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Self-management is not a component of emotional intelligence
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False
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the group of theories that explain how employees meet their needs and determine their success are called process theories
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True
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Extrinsic reward refers to the satisfaction a person receives in the process of performing a particular action
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False
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Physiological needs are the most basic human physical needs, which are reflected in the workplace as needs for adequate heat, air, and base salary to ensure survival
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True
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The ability to connect to others, build positive relationships, respond to the emotions of others, and influence others is referred to as relationship management
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True
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An emotion can be thought of as a mental state that arises spontaneously within a person based on interaction with the environment rather than through conscious effort and is often accompanied by physiological changes
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True
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Job Enlargement is a job design that incorporates achievement, recognition, and other high level motivators into the work
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False
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Productive output pertains to the teams ability to meet the personal needs of its members
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False
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Organizations that want to challenge their employees and stay competitive can easily be stress free
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False
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The stage of team development in which conflicts are resolved and members focus on problem solving is called reforming
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False
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A free rider is a person who benefits from team membership but does not make a proportionate contribution to the teams work
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True
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Leaderships occurs among people, involves the use of influence, and is used to attain goals
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True
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Legitimate, reward, and expert powers are all forms of position power
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False
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a team is defined as a group of two or more people who interact and coordinate their work to accomplish a specific objective
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True
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The arousal, direction, and persistence of behavior refers to motivation
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True
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A common dysfunction of teams is to be results oriented
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False
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Behavior that is positively reinforce tends to be repeated, and behavior that is not reinforced tends not to be repeated, as stated in the law of effect
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True
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Extreme competitiveness, impatience, aggressiveness, and devotion to work are included in Type B behavior pattern
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False
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A positive attitude towards ones job is called cognitive attitude
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False
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A transformational leader is a leader distinguished by a special ability to bring about innovation and change
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True
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Two ways to classify rewards are extrinsic and monetary
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False
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Research shows that the personalities of the individual members play the most critical role in determining how well a team functions
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False
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Social awareness is the ability to connect to others, build positive relationships, respond to the emotions of others and influence others
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False
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Low Machs are particularly good in jobs that require bargaining skills or that involve substantial rewards for winning
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False
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Organizing the selected data into patterns for interpretation and response is the last step in the perception process
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True
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Making explicit statements about the desired team behaviors is a powerful way leaders influence norms
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True
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Personal power, innovation, and nurturing are consistently viewed as manager qualities
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False
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The last step in getting organized is to empty your head
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False
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Virtual and global teams are particularly prone to communication breakdowns
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True
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________ means that the first behaviors that occur in a team often set a precedent for later team expectations
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Primacy
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_______ refers to performance and the quality and quantity of task outputs as defined by team goals
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Productive Output
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Which type of leader clarifies the role and task requirements of subordinates?
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Transactional
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Which term, in goal setting theory, refers to the need to make goals highly ambitious but achievable?
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goal difficulty
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Traits of _____ seem to be particularly important in todays collaborative organizations
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agreeableness
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A follower who participates actively in the organization but does not use critical thinking skills
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conformist
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_______ type people, according to Jung, would rather work with known facts and hard data and prefer routine and order in gathering information
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Sensation
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The delegation of power and authority to subordinates is referred to as:
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empowerment
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Which theory places an emphasis on behavior and its consequences?
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Reinforcement Theory
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_________ refers to a positive attitude toward ones job
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job satisfaction
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what is a desired characteristic in both leaders and followers ?
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honesty
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Teams that are created outside the formal organization structure to undertake a project of special importance or creativity?
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special purpose
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_______ means being unpretentious and modest rather than arrogant and prideful
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altruism/humility
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Type A behavior is characterized by
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impatience, devotion to work, extreme competitiveness
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Leadership qualities:
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visionary, innovative, promotes change, structured, nurtures
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In what stage of the perception process are individuals likely to put things into patterns
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selecting/organizing
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Morale is higher in cohesive teams
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True
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Maintaining a secretive culture is a tactic for promoting stronger organizational commitment
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False
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Two leadership styles used by Fielder in his contingency theory were:
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relationship oriented and task oriented
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A task force is sometimes called
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cross functional team
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A high degree of _____ means you can accurately assess your own strengths and limitations and have a heavy sense of self confidence
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self- awareness
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Describe the last step of the perception process
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Organizing the selected data into patterns
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Research shows that _______ are predisposed to being pragmatic, capable of lying to achieve personal gain, likely to win in win-lose situations, and more likely to persuade than to be persuaded
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High Machs
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The job characteristic of feedback provides the worker with :
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knowledge of actual results
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The leader who stimulates high standards and champions dedication to vision is a :
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Level 4 Leader
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Blaming the teacher for a poor grade on an exam, and taking credit for good grades could be an example of which perpetual bias?
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self serving bias
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The early research on leadership traits was referred to as the
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great man approach
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Did Maslow propose compensation needs in his model?
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No
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According to the leadership grid, ______ means the absence of a management philosophy , where managers exert little effort toward interpersonal relationships or work accomplishment
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impoverished management
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The forming stage of team development is characterized by
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orientation
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The collaborating style of conflict resolution is based on a _____ degree of assertiveness and a ______ degree of cooperativeness
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high, high
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The avoiding styler of conflict resolution is based on a _______ degree of assertiveness and a ______ degree of cooperativeness
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low, low
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According to Herzberg, _____ is an example of a hygiene factor
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pay
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TEST 1
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TEST 1
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A foreign terrorist kidnaps your firms marketing VP while the VP is in the host country. This is a harsh example of:
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political risk
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what word describes that managers do not have sufficient information about environmental factors to understand and predict environmental needs and changes?
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Uncertainty
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_______ includes al elements existing outside the boundary of the organization that have the potential to affect the organization
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Organizational Environment
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Of the management trends that have been popular over the past decade, managers are most aware of:
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e-business
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The people and organizations in the environment who acquire goods or services from the organization are:
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customers
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Languages, values, religion, and education all describe which dimension in there international environment?
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Sociocultural
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Of all management duties, one of the things managers like the least is:
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financial planning
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The set of key values, beliefs understandings, and norms shared by members of an organization.
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Culture
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The legal-political environment includes
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tariffs and taxes
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One of the roles that a small business manager may emphasize over a counterpart in a large organization is
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spokesperson
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The extent to which trade and investments, information, social and cultural ideas, and political cooperation flow between countries is called:
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globalization
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The general environment dimension that includes consumer purchasing power, the unemployment rate, and interest rates is called the :
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economic dimension
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When senior managers at Gap, Inc decided to become the number one service quality clothing company in the world, they were engaging in the management function of:
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planning
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According to Mintzberg, _____ is an interpersonal role?
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Liaison
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What responsibilities is purely voluntary and is guided by a company's desire to make social contributions not mandated by economics, law, or ethics?
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Discretionary
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McDonald's "We Love to See You Smile" is an example of a:
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Slogan
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Roadtec Tire Company has a corporate culture that emphasizes an internal focus on the involvement and participation of employees, placing high value on meeting the needs of employees. The company is known for its caring, family-like atmosphere. Which type of culture does Roadtec possess?
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Involvement Culture
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For a widget manufacturing company, worker-hours per widget is a measure of:
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organizational efficiency
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The profit maximizing view of economic responsibility is advocated by who?
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Milton Friedman
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The _______ dimension of the general environment includes federal, state, and local gov regulations
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legal-political
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What employee behaviors matches with the conventional level of personal moral development?
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work group collaboration
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Any group within or outside the organization that has an interest in the organizations performance is called:
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a stakeholder
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______ mens that managers are honest and trustworthy, fair in their dealings with employees and customers, and behave ethically in both their personal and professional lives
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ethical leadership
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Which of the following refers to engaging in the international division of labor so as to obtain the cheapest source of labor and supplies regardless of country?
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Outsourcing
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_____ is a narrative based on true event that is repeated frequently and shared by organizational employees
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Story
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Managers use a variety of measures to monitor performance. List some of these measures:
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Controlling work processes, regulating employee behavior, systems for financial resources, developing human resources, evaluating profitability
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Organizational Control
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the systematic process through which managers regulate organizational activities to make them consistent with expectations established in plans, targets, and standards of performance
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Feedback Control Model
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Establish Standards of Performance--> Measure actual performance--> compare performance to standards --> Take corrective action
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The Balanced Scorecard
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Balanced perspective of company performance
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What does the balanced score card do?
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Integrates varius areas of the organization
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What are managerial roles associated with The Balanced Scorecard
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to record, analyze, and discuss the metrics
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What does The Balanced Scorecard serve as?
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Serves as core management- control system
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Hierarchal Controls
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include the monitoring of behavior through rules, policies, reward systems, and written documentation
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Decentralized Controls
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based on values and assumptions; rules are only used when necessary
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Open book Management
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decentralized Philosophy that gets every employee thinking like an owner. It encourages information sharing and teamwork. It allows employees to see the financial condition of company
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Total Quality Management
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Infuses quality into every aspect of the business, all day to day activities.
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When did Total Quality Management become popular?
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US 1980s
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What does Total Quality Management focus on?
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Teamwork, collaboration, and identifying improvements
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What is the overall goal of TQM?
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zero defects
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What are some TQM techniques?
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Quality Circles, Benchmarking, Six Sigma, Quality Partnering, Continuus Improvement
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5 steps of the benchmarking process
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Plan --> Find--> Collect--> Analyze-->Improve
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What are the key aspects of budgetary control?
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-Setting targets and monitoring expenditures -Budgets list planned and actual expenditures
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What are budgets usually associated with within an organization?
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by division/department
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What kind of budgets do managers use?
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Expense Budget Revenue Budget Cash budget Capital budget Zero based budget--Top down budgeting/bottom up budgeting
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What financial statements are used most by managers?
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Balance Sheet and Income Statement
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Balance Sheet
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shows firm's financial position
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Income Statement
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profit-and-loss statement--highlights firms financial performance
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Managers need to _____ financial reports
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evaluate
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Why does interpreting the numbers matter?
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comparing performance with other data and industry standards
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What are two components of financial analysis?
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Ratios and Statistics
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Managers must review:
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profits, assets, sales, and inventory
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what are some Common Financial Ratios?
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Liquidity Ratios Activity Ratios Profitability Ratios Leverage Ratios
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Liquidity Ratios
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Current ratio Quick ratio
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Activity Ratios
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Inventory turnover Conversion ratio
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Profitability Ratios
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Profit Margin on sales Gross Margin Return on Assets
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Leverage Ratio
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debt ratio
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ISO 9000 standards
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International Organization for Standardization that certifies a businesses commitment to quality
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What place had the most ISO 9000 standard certificates?
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Europe
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What country has had the greatest number of new ISO 9000 certifications in recent years?
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USA
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What is the role of corporate governance?
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goes beyond systems and rules from the top to safeguard shareholders.
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What does corporate governance ensure?
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accountability, fairness, and transparency in all its dealings
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What are the US legal Requirements included in Corporate Governance?
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-auditing reforms--internal/external -certification of financial reports by top leaders -Enhanced public financial disclosure -Justification of board structure
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