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5 Written questions

5 Matching questions

  1. environmental scanning., (Environmental scanning is careful monitoring of an organization's internal and external environments to detect early signs of opportunities and threats that may influence the firm's plans.)
  2. 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.)
  3. 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.)
  4. differentiation. (The differentiation strategy is to offer products or services that are of unique and superior value compared to those of competitors but to target a wide market.)
  5. liaison, (In a liaison role, you must act like a politician, working with other people outside your work unit and organization to develop alliances that will help you achieve your organization's goals.)
  1. a The tendency of a group to settle on a decision that is "good enough" is called
  2. b In a ______ role, you must act like a politician, working with other people outside your work unit and organization to develop alliances that will help you achieve your organization's goals.
  3. c An organization that is offering unique, superior products or services to a wide market is pursuing a strategy of
  4. d Careful monitoring of an organization's internal and external environment to detect early signs of opportunities and threats that may influence the firm's plans is called
  5. e 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

5 Multiple choice questions

  1. This use of positive consequences to encourage desirable behavior is called
  2. This program tries to make up for past discrimination in employment by actively finding, hiring, and developing the talents of people from groups traditionally discriminated against
  3. A group of people who work together to achieve some specific purpose is/are called
  4. This financial statement shows revenues and expenses over time
  5. The PDCA cycle was made popular by this quality pioneer.

5 True/False questions

  1. ValenceAccording to Expectancy Theory, motivation is a function of expectancy, instrumentality, and

          

  2. setting goals and deciding how to achieve themAccording to the Ohio State studies, leaders with this behavior that organize and define what group members should be doing

          

  3. 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.)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

          

  4. bounded rationality., (The bounded rationality concept suggests that the ability of decision makers to be rational is limited by numerous constraints, such as complexity. The problems that need solving are often exceedingly complex, beyond understanding.)Candace and other managers in her firm are trying to make some decisions about global expansion. They are struggling to understand the risks, given the complexity of world markets today and recent global instabilities. The difficulty Candace's team is facing prevents perfectly rational decision making, and is an example of

          

  5. 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.)When administrators of a college are determining whether to hire more full-time instructors or possibly more part-time ones, they are engaged in