question

TF: Ethics, found between the domain of law and free choice, is the code of moral principles that governs any individual or groups

answer

true

question

TF: an ethical dilemma arises in a situation when each alternative choice or behavior is undesirable because of potentially harmful ethical consequences

answer

true

question

TF: the moral agent is an individual who must make an ethical choice in an organization

answer

true

question

TF: The ethical concept that acts are moral when they promote the individual's best long term interests, which ultimately leads to the greater good, is known as the moral rights approach

answer

false

question

TF: Procedural justice requires that rules be stated clearly, consistently and impartially enforced, and administered fairly

answer

true

question

TF: The Preconventional level of Personal Moral Development lives up to expectations of others, upholds laws, and fulfills duties and obligations of the social system

answer

false

question

TF: the majority of managers operate at the pre conventional level of personal moral development

answer

false

question

TF: Social responsibility is management;s obligation to make choices and take actions that will contribute to the welfare and interests of society as well as the organization

answer

true

question

TF: Economic development that generates wealth and meets the needs of the current population while preserving the environment for the needs of future generations refer to sustainability

answer

true

question

TF: A formal statement of the organizations values regarding moral principles and governing its response to social values is called a code of ethics

answer

true

question

TF: the process of initiating a business venture, gathering and organizing the appropriate resources, and assuming the associated riska and rewards refers to entrepreneurship

answer

true

question

TF: Entrepreneurship and small business in the U.S. is an engine for job creation and innovation

answer

true

question

TF: a need to achieve is a psychological characteristic that means people are motivated to excel and pick situations in which success is likely

answer

true

question

TF: Social entrepreneurship combines the creativity, business smarts, passion, and hard work of the traditional entrepreneur with a mission to change the world for the better

answer

true

question

TF: the first step in pursuing an entrepreneurial dream is to come up with a viable idea

answer

true

question

TF: since a corporation is a legal structure reserved for large firms, small businesses have two basic choices for legal structure of their company: proprietorship and partnership

answer

false

question

TF: Equity financing is when funds are invested in exchange for ownership in the company

answer

true

question

TF: The advantage of buying an existing business is the ability to develop and design the business in the entrepreneur's own way

answer

false

question

TF: The first stage of growth for an entrepreneurial company is the investment stage

answer

false

question

TF: In the start-up stage of an entrepreneurial business, formal planning tends to be nonexistent except for the business plan

answer

true

question

Ethics

answer

Which of the following refers to the code of moral principles and values that govern behaviors wither respect to what is right and wrong?

question

The Ethical Domain

answer

A new drug has not been approved by the FDA to sell its product in another country immediately to start recovering the costs of R&D and production three years ahead of time. This example places the decision in which of these categories from the text?

question

The Moral Agent

answer

Which of the following is a is the individual who must make an ethical choice in an organization?

question

Domain of Ethics

answer

Anne Chinoda, top executive at Florida Blood Center, is under pressure to resign because she took a $71,000 pay increase just months before she laid off 42 employes. Chinoda's decision lies in the:

question

Utilitarian

answer

Which approach is the ethical concept that moral behaviors produce the greatest good for the greatest number?

question

Moral-Rights Approach

answer

Human beings have fundamental rights and liberties that cannot be taken away by another individuals decision. This ethical decision making approach is known as the:

question

Justice Approach

answer

The ethical decision approach that requires persons to be guided by standards of equity, fairness and impartiality is the:

question

Justice Approach

answer

Most of the laws guiding human resource management are based on the:

question

Preconventional

answer

In what stage of personal moral development is a person mostly concerned with external rewards and personal consequences of an action?

question

Discretionary

answer

Which of the following responsibilities is purely voluntary and is guided by a company's desire to make social contributions not mandated by economics, law, or ethics.

question

Entrepreneurship

answer

Which of the following is the process of starting a business venture, organizing the resources, and taking the risks?

question

They are likely the children of immigrants

answer

Which of the following demographic factors distinguish entrepreneurs from others?

question

self-confidence

answer

Andrew, a young entrepreneur, feels sure about his ability to win customers through his people skills. He is comfortable with his ability to handle technical details and deals that he is able to keep his business moving. This most closely relates to which personality trait of entrepreneurs?

question

Improving society

answer

What is the primary goal of the social entrepreneur?

question

Business Plan

answer

Before opening his own business, Kareem was writing a report that details the specifies of his ideas and future business operations. This document is known as a:

question

Sole Proprietorship

answer

Which of these refers to an unincorporated business owned by an individual for profit?

question

Corporation

answer

A ___________ has a legal life of its own

question

Debt Financing

answer

___________ refers to borrowing money that hs to be repaid in order to start a business

question

Start a New Business

answer

Which of these offers the advantage that the entrepreneur has the ability to develop and design the business in the entrepreneur's own way?

question

business incubator

answer

provides shared office space, management support services, and management advice

question

TF: In today's turbulent and hyper competitive global environment, managers must help their complains innovate more than ever.

answer

True

question

TF Where the organization wants to be in the future and how to get there defines controlling

answer

false

question

TF Controlling involves monitoring employee's activities and taking corrective action as necessary

answer

true

question

TF The ultimate responsibility of managers is to achieve high performance by balancing efficiency and effectiveness

answer

true

question

TF to perform effectively, all managers must posses conceptual, human, and technical skills, though the degree of each skill necessary at different levels of an organization may vary

answer

true

question

TF a manager forwards information to other organization members in the disseminator role

answer

true

question

TF social forces refer to those aspects of a culture that guide and influence relationships among people

answer

true

question

TF Frederick W. Taylor developed Systems Thinking and emphasized the fourteen principle of management that should guide managerial behavior

answer

false

question

TF Fayol's unity of command principle emphasizes that each subordinate receives orders from one and only one superior

answer

true

question

TF Unfortunately, Mary Parker Follett's approach to leadership stressed the importance of engineering techniques rather than people

answer

false

question

TF the inherent focus of TQM is on managing the total organization to deliver quality to the customer

answer

true

question

TF the outer layer, the general environment is widely dispersed and affects organization to deliver quality organizations directly

answer

false

question

TF the international dimension of the external environment represents events originating in foreign countries as well as opportunities for U.S. companies in other countries

answer

true

question

Organizations must manage environmental uncertainty

answer

true

question

TF given the increasing environmental uncertainty, managers in partnering organizations are shifting from a partnership orientation to an adversarial orientation

answer

false

question

TF the criterion traditional used to classify countries as developed or developing is per capita income

answer

true

question

TF An example of global outsourcing is seen when Gap, Inc uses low-cost Caribbean labor to cheaply produce its clothing and then finishes off and sells its clothing in the U.S.

answer

true

question

TF the goal of the European Union is to create a powerful single market system for Europe's million of consumers

answer

true

question

TF the sub-divisions of the international environment are the economic, the sociocultural and the legal-political environments

answer

true

question

TF unfortunately many U.S. managers fail to realize that the values and behaviors that typically govern how business is done in the United States do not translate to the rest of the world

answer

true

question

Collaborative relationships

answer

Success in the new workplace depends on the strength and quality of _________.

question

The Management functions of planning, organizing, leading, and controlling

answer

one of the important ideas in the text's definition of management is:

question

assigning responsibility for task accomplishment

answer

which of these can best describe organizing

question

All of these

answer

Conceptual, human, and technical skills are important to which managerial level?

question

All of these

answer

Critical management missteps include

question

Functional Manager

answer

Patty Rohrer is the director of human resources at Pet Grooming Inc. She can be best described as a:

question

The Classical Perspective

answer

The nineteenth and early twentieth centuries saw the development of which management perspective?

question

One best way to do work

answer

Frank Gilbreth felt that efficiency equated with:

question

Bureaucratic Organizations

answer

Archies' Antiques Inc. is characterized by separation of management from ownership and by clearly defined lines of authority and responsibility. These characteristics are consistent with the principles of:

question

Administrative Principles Approach

answer

Genex Dynamics is a ballistics company that uses the unity of command, scalar chain, and division of work principles. These are part of which management approach?

question

Physiological

answer

Maslow's hierarchy of needs started with which of these needs?

question

Synergy

answer

The teamwork philosophy is based in part on the assumption that five people working together can produce more than five people working individually. This philosophy is consistent with the concept of _________.

question

Deming

answer

Which of the following refers to managing the sequence of suppliers and purchasers, covering all stages of processing from obtaining raw materials to distributing finished goods to consumers

question

Supply Chain Management

answer

Which of the following refers to managing the sequence of suppliers and purchases, covering all stages of processing from obtaining raw materials to distributing finished goods to consumers?

question

Employers

answer

All of these are part of an organizations task environment except

question

Globalization

answer

The extent to which trade and investments, information, social and cultural ideas, and political cooperation flow between countries is called ________.

question

Outsourcing

answer

Which of the following refers to engaging in the international division of labor so as to obtain the cheapest sources of labor and supplies regardless of country?

question

Greenfield Venture

answer

Go RVing a U.S. company built a subsidiary from scratch in England. This is an example of:

question

All of these

answer

__________ aspects of management do not change when doing business internationally.

question

Economic

answer

Resource development, infrastructure, and exchange rates all describe which dimension in the international environment?

question

TF A desired future state that the individual or organization attempts to realize is a goal.

answer

True

question

TF Goals specify today's means; plans specify future ends.

answer

false

question

TF Tactical plans are designed to help execute the major strategic plans and to accomplish a specific part of the company's strategy

answer

true

question

TF Strategic plans and goals are those that focus on where the organization wants to be in the future and pertain to the organization as a whole

answer

true

question

Management by objectives, single-use plans, and standing plans are all management planning approaches

answer

true

question

TF The interaction of Production and Sales working together to produce profit greater than the total of both working separately is an example of synergy

answer

true

question

TF Core competence is the plan of action that prescribes resource

answer

...

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