Expert Answers

1.Which of the following is a specific goal?

a. The company wants to make aprofit

b. The company wants to increase itssale

c. I want to jog for an hour everymorning.

d. I want to travel the world

2. which of the following is a measurable goal?

a. I want to save $ 100,000 by the end of the year

b. I want to see more insurance policies.

c. The company wants to be best in retailing.

d. The company wants to spread its marketing efforts.

3. Peter wants to become a doctor. In this context, which of thefollowing would be a short-term goal for Peter?

a. Take two classes a week in astrophysics

b. Get a job as a medical practitioner

c. Obtain a degree in medicine

d. Take lessons in soft skills

4.Which is framework designed to translate an organization’smission and vision statements and overall business strategy intospecific, quantifiable goals and objectives?

a. Drucker framework

b. Balanced scorecard

c. Management by objectives

d. Retention framework

5. Which are outcome statements that define what an organizationis trying to accomplish

a. Goals

b. Skills

c. Objectives

d. Measures

6. Which of the following questions should be addressed todetermine wheaser your objectives is measurable?

a. How will I know when it is accomplished ?

b. What do I want to accomplish?

c. Who is involved?

d. What are the requirements and constraints

7. Which of the following reflects your values and piloasophy oflife in a personalscorecard?

a. Set your long-term goal

b. Identify your past success

c. Identify your core values

d. Set your short-term goals

8. Organizations value people who can show their focus anddedication to continually unlearning and learning.

a. True

B. False

9. Which of the following criteria should you consider whencreating long-term goals?

1. Specific
2. Simple
3. Manageable
4. Accurate
5. Measurable
6. Attainable

10. What is short-term goal that you must have to achieve yourbiggest goals?

a. Mission

b. Vision

c. Objective

d. Value

1. Which of the following statements represents a challengeassociated with matrix structures?

Group of answer choices

Each employee is assigned one direct boss.

Creates opportunities for unsavory employees to avoidresponsibility.

Create cross-functional teams that each work on differentprojects.

Organizations have a difficult time developing new managers.

Communication across functional lines is difficult andconfusing.

2. Which of the following refers to a process wherein managersand employees work together to create goals?

Group of answer choices

Management by objectives

Job enrichment

Quality circle

Organizational culture

Benchmarking

3. In which of the following is the number of shareholderscapped, usually at 100?

Group of answer choices

S corporation

Partnership

Sole proprietorship

Association

Limited liability company

1/ Which of the following statements describes and advantage offranchising instead of building an independent business fromscratch?

Group of answer choices

The time required to set up an independent business is muchlower than obtaining a franchise.

A franchise outlet often reaches the break-even point fasterthan an independent business would.

A franchisee would experience more flexibility in decisionmaking than the owner of the independent business.

The quality of goods and services needs to be more standardizedand uniform in an independent business than in franchises.

Access to managerial and financial assistance is more limited infranchises than in independent businesses.

2/ All of the following are true of the causes of ethicalconflict EXCEPT

Group of answer choices

Many employees utilize the same ethical standards at work and athome.

Ethical conflict increases when employees feel that theircompany is exerting pressure on them to engage in unethicalconduct.

Business managers often experience some tension between theirown ethical beliefs and their obligations to the organizationswhere they work.

Employees often experience some tension between their ownethical beliefs and their obligations to the organizations wherethey work.

Many employees utilize different ethical standards at work thanthey do at home.

1. Which of the following is true of a global productstructure?

Group of answer choices

It provides a way to achieve vertical and horizontalcoordination simultaneously along two dimensions.

It provides a fairly straightforward way to effectively manage avariety of businesses and products around the world.

It enables a global firm to achieve aspects of both globaluniformity and local diversification and responsiveness.

It works best when pressure for decision making balances theinterests of both product standardization and geographiclocalization.

2. Supply chains are a source of ongoing ethical challenges forglobal organizations because they are so broad and diffuse thatmanagers cannot monitor the actions of all supply chain contractorsand subcontractors.

Group of answer choices

True

False

3. An organization that pursues both profit and social missionssimultaneously is called a _____ organization.

Group of answer choices

business

philanthropic

hybrid

benefit

1. Foreign government’s restriction made on the amountof income that firms can bring home from the foreign operations isan example of _______ risk.
A) country      B)currency      C)commercial    D) cross-cultural

1. Which of the following is not the uniqueness of sportproduct?

1. The four Career stages that employees go through are

a. establishment, advancement, leader, retiree

b. junior member, team member, boss, leader

c. advancement, establishment, withdrawal, maintenance

d. joining, growing, maintenance and establishment

.

2. Needs of a leader during the maintenance stage are

a. Getting exposure to larger audiences

b. learning new skills

c. Coaching and Guidance.

d. getting appreciation for good mentorship

.

3. Salary is the single most important motivator foremployees

a. True

b. False