5 Written questions
5 Matching questions
- Franchising, (Franchising is a form of licensing in which a company allows a foreign company to pay it a fee and a share of the profit in return for using the first company's brand name and a package of materials and services.)
- defensive, (A defensive strategy or a retrenchment strategy, is a grand strategy that involves reduction in the organization's efforts. In a variation of this strategy, it can sell off (liquidate) assets—land, buildings, inventories, and the like.)
- licensing (In licensing, a company allows a foreign company to pay it a fee to make or distribute the first company's product or service)
- outsourcing., (A common practice of many companies, outsourcing is defined as using suppliers outside the company to provide goods and services.)
- a When a company uses a supplier outside itself to provide goods and services, it is
- b A company allows a foreign firm to pay it a fee to make or distribute the first company's product or service. This is called
- c A ______ manager is responsible for just one organizational activity.
- d Techno Tools is selling off land, buildings and some of its product inventory. This is a variation of which of these grand strategies?
- e Pizza Hut provides the use of its name plus operating know-how to companies in Costa Rica in return for a fee plus a percentage of profits. Pizza Hut is
5 Multiple choice questions
- This financial statement shows revenues and expenses over time
- Kendall was feeling very uncomfortable and disoriented since she arrived for her new job in Bangkok. It seemed like just about everything was different than what she was used to. Kendall was experiencing
- According to the Ohio State studies, leaders with this behavior that organize and define what group members should be doing
- This financial statement shows a firm's assets, liabilities and owner's equity
- In considering a large-scale layoff, a manager performs a cost-benefit analysis and determines that profits will be greatest if she proceeds. She is using the ______ approach to guide her decision regarding an ethical dilemma.
5 True/False questions
organizational opportunities, (Organizational opportunities are environmental factors that the organization may exploit for competitive advantage.) → A group of people who work together to achieve some specific purpose is/are called
Sociocultural, (The U.S. obesity rate is one of those sociocultural forces capable of altering entire industries.) → The American epidemic of obesity among U.S. youth is an example of which external force?
joint venture, (A U.S. firm may form a joint venture, also known as a strategic alliance, with a foreign company to share the risks and rewards of starting a new enterprise together in a foreign country. Sometimes a joint venture is the only way an American company can have a presence in a certain country, whose laws may forbid foreigners from ownership. Indeed, in China, this is the only way foreign cars may be sold in that country.) → China does not allow foreign car manufacturers to sell vehicles independently in its country but instead requires them to partner with a Chinese company. This type of partnership is known as a
Extrinsic Reward → Power deriving from one's personal attraction is called
anchoring and adjustment bias, (Managers will often give their employees a standard percentage raise in salary, even though the raise may be completely out of alignment with what other companies are paying for the same skills. This is an instance of the anchoring and adjustment bias, the tendency to make decisions based on an initial figure.) → Managers at Mercury Motor Club have given employees raises year after year based on what they had given the year before, even though now their employees were very underpaid compared to similar positions with other clubs. This is an example of a(n)