Principles of Management Multiple Choice
Course FHNW
Course FHNW
Set of flashcards Details
| Flashcards | 182 |
|---|---|
| Language | English |
| Category | Micro-Economics |
| Level | University |
| Created / Updated | 28.12.2020 / 14.01.2025 |
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One result of effectively managing diversity is a(n)
One of the ways in which effective management of diversity can improve profitability is by increasing retention of valued employees, which decreases the costs of hiring replacements for those who quit as well as ensures that all employees are highly motivated.
A(n) _______ budget approach evaluates managers on the difference between the revenues generated by the sales of goods and services and the budgeted cost of making those goods and services.
Managers may be evaluated on the difference between the revenues generated by the sales of goods and services and the budgeted cost of making those goods and services (a profit budget approach).
A manager in a liaison role manages diversity in an organization by
A manager in a liaison role manages diversity in an organization by enabling diverse individuals to coordinate their efforts and cooperate with one another.
The _____ environment is the set of forces and conditions that originates with suppliers, distributors, customers, and competitors.
The task environment is the set of forces and conditions that originates with suppliers, distributors, customers, and competitors; these forces and conditions affect an organization's ability to obtain inputs and dispose of its outputs.
_____ focuses on the use of quantitative techniques to help managers make maximum use of organizational resources to produce goods and services.
The CEO of a large chain of hair salons gave an annual speech to the employees via Skype in which she enthusiastically discussed what she wanted to achieve and why the employees were integral to achieving those goals. The CEO was using ________ to motivate her employees.
The ability of the CEO and top managers to convey to their subordinates a compelling vision of what they want the organization to achieve is called strategic leadership.
Melco, a furniture manufacturer, stocks excess inputs in a warehouse as a measure to meet sudden upturns in demand. This is an example of
The just-in-case view of inventory leads an organization to stockpile excess inputs in a warehouse in case it needs them to meet sudden upturns in demand.
The _____ environment is the set of forces and conditions that originates with suppliers, distributors, customers, and competitors.
The task environment is the set of forces and conditions that originates with suppliers, distributors, customers, and competitors; these forces and conditions affect an organization's ability to obtain inputs and dispose of its outputs.
A _______ structure simultaneously groups people and resources by function and by product.
In a matrix structure, managers group people and resources in two ways simultaneously: by function and by product.
What is an advantage of benchmarking?
Managers can use benchmarking to compare their performance on specific dimensions with the performance of high-performing organizations to decide how successful a change effort has been.
A(n) ________ plan pertains to the goals that a department's manager proposes to pursue to help the division attain its business-level goals.
The functional-level plan is the functional or departmental managers' decisions pertaining to the goals that they propose to pursue to help the division attain its business-level goals, which, in turn, will allow the entire company to achieve its corporate goals.
Renee receives monthly reports from the accounting department that reflect current financial conditions. The data Renee receives is
Real-time information is information that reflects current business conditions.
Amesh wanted to determine his company's _______, so he divided the company's operating profit by its sales revenues.
Operating margin is calculated by dividing a company's operating profit (the amount it has left after all the costs of making the product and running the business have been deducted) by sales revenues.
Which of the following is true about the task environment?
Company ABC encourages its employees to exercise initiative in performing their jobs. When an employee told her manager she didn't feel the tasks she was assigned were really benefiting the organization, he asked her what she would do to improve the process. Which management theory does Company ABC demonstrate?
Theory Y assumes that workers, if given the opportunity, will do what is good for the organization. It is the manager’s task to create a work setting that encourages commitment to organizational goals and provides opportunities for workers to be imaginative and to exercise initiative and self-direction.
________ product innovations result in the development of new, often radically different, kinds of goods and services because of fundamental shifts in technology brought about by pioneering discoveries.
Quantum product innovations results in the development of new, often radically different, kinds of goods and services because of fundamental shifts in technology brought about by pioneering discoveries. Quantum product innovations are relatively rare.
_______ provide managers with information about how well the organizational strategy and structure are working.
Control systems are formal target-setting, monitoring, evaluation, and feedback systems that provide managers with information about whether the organization's strategy and structure are working efficiently and effectively.
The greater the level of uncertainty in an organization's environment,
The greater the level of uncertainty in the organization's environment, the more complex its strategy and technology.
Last week Beverly stayed after hours and spent a lot of effort and time to complete a routine assignment and meet a critical deadline. Her supervisor Annie was impressed, and so for the next assignment, Annie assigned Beverly an interesting and new type of project. Annie’s action is consistent with ______ justice.
Latosha's boss gave her tasks that would help her professional development, and he provided advice when Latosha was feeling overwhelmed. Her boss was
Mentoring is a process by which an experienced member of an organization (the mentor) provides advice and guidance to a less experienced member (the protégé) and helps the less experienced member learn how to advance in the organization and in his or her career.
Cameo Ltd., a record label company, subsequently entered the airline industry to expand business. This example of a record label company entering the airline industry is an example of
Managers pursue unrelated diversification when they establish divisions or buy companies in new industries that are not linked in any way to their current businesses or industries.
Everyone looks forward to the annual company picnic, which gives them an opportunity to get to know others in the company but also to feel being a part of something bigger than themselves. This demonstrates which of Fayol’s concepts?
Esprit de corps refers to shared feelings of comradeship, enthusiasm, or devotion to a common cause among members of a group.
