MGT500 Week 5 Midterm Exam

Question 1      

            ____ refers to the use of managerial tools to direct resources toward the achievement of strategic goals.                                             

Question 2      

            The ____ strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors.                                                    

Question 3      

            Which of the following is a business activity that an organization does especially well relative to its competition?                                                   

Question 4      

            The purpose of ________ is to expand the firm’s business operations to produce new kinds of valuable products and services?                                                        

Question 5      

            When an official is given the responsibility of overseeing all aspects of ethics and legal compliance, s/he is referred to as                                                   

Question 6      

            The ____ refers to the ethical concept that moral decisions are those that best maintain the rights of those people affected by them.                                                          

Question 7      

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

Question 8      

            According to Douglas McGregor, the classical perspective on management is consistent with which of the following?                                                       

Question 9      

            Elements of TQM include                                                     

Question 10    

            Operations research grew out of World War II groups and is based on ____.                                                           

Question 11    

            Which of the following is a form of franchising?                                                     

Question 12    

            A company's risk of loss of assets, earning power, or managerial control due to politically based events or action by host government is referred to as                                                        

Question 13    

            A country that places emphasis on fairness and values kindness would be described by the Globe Project as high in ____.                                                       

Question 14    

            One of the first characteristics or points of a successful business plan is                                         

Question 15    

            What are the two principal advantages of forming a corporation?                                       

Question 16    

            Which of the following demographic factors distinguish entrepreneurs from others?                                               

Question 17    

            The ____ represents people in the environment who can be hired to work for the organization.                                                        

Question 18    

            Companies can reduce boundaries and increase collaboration with other organizations by creating                                                      

Question 19    

            The level of corporate culture in which values are so deeply embedded that members are no longer consciously aware of them is                                                           

Question 20    

            ____ are called the action steps by which an organization intends to attain its strategic goals.                                                           

Question 21    

            ____ refers to a desired future state that an organization attempts to realize.                                                           

Question 22    

            Standing plans are                                                     

Question 23    

            Which of the following skill is the manager's ability to work with and through other people and to work effectively as a group member?                                                   

Question 24    

            ____ skills is the cognitive ability to see the organization as a whole and the relationship among its parts.                                     

Question 25    

            Which of the following refers to the amount of resources used to achieve an organization's goal?                           

           

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MGT----------- 50-----------0 W-----------eek----------- 5 -----------Mid-----------ter-----------m E-----------xam-----------

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