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.)
- satisficing., (Because most people would just as soon cut short a group meeting, the tendency is to seek a decision that is "good enough" rather than to push on in pursuit of other possible solutions. Satisficing can occur because groups have limited time, lack the right kind of information, or are unable to handle large amounts of information.)
- strong financial resources of the firm, (Strengths of a company include financial resources & requirements, an internal factor.)
- uncertainty avoidance, (The Hofstede model of four cultural dimensions identified four dimensions along which national cultures can be placed: (1) individualism/collectivism, (2) power distance, (3) uncertainty avoidance, and (4) masculinity/femininity.)
- a Which of the following is a cultural dimension of Hofstede's model?
- b When analyzing the "S" in a SWOT analysis, a manager might take note of
- c The tendency of a group to settle on a decision that is "good enough" is called
- d According to Expectancy Theory, motivation is a function of expectancy, instrumentality, and
- 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
- Eli Lilly has agreed to let a South African company manufacture several of Eli Lilly's diabetes drugs and pay Eli Lilly a fee to distribute the drugs with a different brand name in South Africa. Eli Lilly is engaging in
- Determining, by observation and analysis, the basic elements of a job.
- 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)
- This process instituting ongoing small, incremental improvements in all parts of an organization
- Which of the following statements about a code of ethics is most true?
5 True/False Questions
Trait Approach → This approach to leadership attempts to identify distinctive characteristics that account for the effectiveness of leader
Extrinsic Reward → The payoff a person receives from others for performing a particular task
availability bias, (Managers tend to give more weight to more recent behavior. This is because of the availability bias—managers use information readily available from memory to make judgments.) → Managers tend to give more weight to more recent behavior. This is due to the
outsourcing., (A common practice of many companies, outsourcing is defined as using suppliers outside the company to provide goods and services.) → When a company uses a supplier outside itself to provide goods and services, it is
groupthink, (Groupthink occurs when group members strive to agree for the sake of unanimity and thus avoid accurately assessing the decision situation. Here the positive team spirit of the group actually works against sound judgment.) → Carla talked with Maddie after their task force meeting, and they discovered that neither of them had been in favor of dropping some items from next year's budget, yet neither spoke up. Both wanted to be supportive of the group instead. This is an example of