Q1. A good tactic for career management is to work for a manager who will play a constructive role in your career.
a. true
b. false

Q2. To be effective, a manager must simply understand how the four management functions are defined and related.
a. true
b. false

Q3. The maintenance stage is the second stage of career evolution and occurs when individuals from about 25 to 45 years old start to become productive.
a. true
b. false

Q4. Technical skills involve the ability to build cooperation within the team being led.
a. true
b. false

Q5. Managerial effectiveness is measured by the extent to which the manager achieves organizational goals.
a. true
b. false

Q6. The statement that management principles are universal means that these principles apply to all types of organizations and organization levels.
a. true
b. false

Q7. Organizational resources include monetary, human, raw materials, and capital.
a. true
b. false

Q8. When an individual loses interest in his career, fails to keep his job skills updated, and suffers a lack of productivity, he has most likely entered which stage of his career?
a. maintenance
b. establishment
c. exploration
d. trial
e. decline

Q9. Management is the process of reaching organizational goals by working with and through people and other resources.
a. true
b. false

Q10. A number of interdependent parts functioning independently of each other are a system.
a. true
b. false

Q11. Gantt’s favored compensation system incorporated a piece-rate system and a bonus system.
a. true
b. false

Q12. A plant is an example of an open system.
a. true
b. false

Q13. Which of the following researchers has made the greatest contribution to the human relations movement?
a. Frederick Taylor
b. L. Thomas Hopkins
c. Lillian Gilbreth
d. Abraham Maslow
e. Henry Fayol

Q14. The scientific management approach to management emphasizes the ‘one best way’ to perform a task.
a. true
b. false

Q15. Which of the following is most accurate when describing the management thinking that emerged as a result of the Hawthorne studies?
a. social relationships are unimportant in worker performance
b. the emphasis should be placed on task efficiency in job design
c. the human variable in organizations required much more analysis
d. job design should involve the bonus system
e. managerial problems should be solved through the utilization of management science techniques

Q16. Douglas McGregor emphasized a management philosophy built upon the views that people can be self-directed and accept responsibility.
a. true
b. false

Q17. The management system is a closed system.
a. true
b. false

Q18. The classical approach to management was the product of the first concentrated effort to develop a body of management thought.
a. true
b. false

Q19. Organizations characterized by attitudes and behaviors consistent with either the social responsibility or the social obligation approach are generally more socially responsive than organizations characterized by attitudes and behaviors consistent with the social responsiveness approach.
a. true
b. false

Q20. One of the strong arguments for business performing socially responsible activities is that business is a very influential member of society, so it has the responsibility to help maintain and improve the overall welfare of society.
a. true
b. false

Q21. Using ethics as a major guide for making and evaluating business decisions is only popular in the United States.
a. true
b. false

Q22. Adherence to legislated social responsiveness is the minimum standard of social responsibility performance that managers must achieve.
a. true
b. false

Q23. There is very little controversy regarding the need for corporations to be actively involved in socially responsible behavior.
a. true
b. false

Q24. Which federal agency strives to reduce consumer misunderstandings of manufacturers’ product design, labeling, and so on, by promoting clarity of these messages?
a. Environmental Protection Agency
b. Equal Employment Opportunity Commission
c. Occupational Safety and Health Administration
d. Consumer Product Safety Commission

Q25. Which of the following stakeholders is owed the obligation of having debts repayed?
a. Banks and Lenders
b. Consumers
c. Government
d. Stockholders

Q26. The philosophy that you should act in a way you would expect others to act toward you is known as the utilitarian principle.
a. true
b. false

Q27. A prejudice is a preconceived judgment, opinion, or assumption about an issue, behavior, individual, or group of people.
a. true
b. false

Q28. ‘Token’ employees are always given very high visibility in an organization.
a. true
b. false

Q29. According to The Hudson Institute report, the United States must pay more attention to its share of world trade and less to the growth of the economies of other nations of the world so that we can have a worse economy.
a. true
b. false

Q30. ________ is a preconceived judgment, opinion or assumption about an issue.
a. Ethnocentrism
b. A stereotype
c. Tokenism
d. Prejudice

Q31. Role conflict refers to having too many expectations to comfortably fulfill.
a. true
b. false

Q32. Diversity is the degree of basic human differences among a given population.
a. true
b. false

Q33. Managers cannot rise to the challenge of managing a diverse workforce unless they recognize that many employees have difficulties coping with diversity.
a. true
b. false

Q34. The multicultural approach to organizational diversity is the most effective approach to pluralism.
a. true
b. false

Q35. One of the similarities of international management and domestic management is that the vast majority of countries experience the industrial revolution at the same time.
a. true
b. false

Q36. Third-country nationals are organization members who are citizens of the country in which the facility of a foreign-born organization is located.
a. true
b. false

Q37. Managers who usually make foreign investments normally expect such investments will allow participation in the rapid expansion of a market abroad.
a. true
b. false

Q38. Host-country nationals are organizational members who are citizens of one country and who work in another country for an organization headquartered in still another country.
a. true
b. false

Q39. One form of international management is fighting competition in foreign markets.
a. true
b. false

Q40. The geocentric attitude reflects the belief that the overall quality of management recommendations, rather than the location of managers, should determine the acceptability of management practices used to guide multinational corporations.
a. true
b. false

Q41. Importing is the buying of goods or services from another country.
a. true
b. false

Q42. Recently, investments by foreign countries in the United States are growing more rapidly than U.S. investments in foreign countries.
a. true
b. false

Q43. Individuals with extended social networks are more likely to identify potential entrepreneurial opportunities than those with more narrow social networks.
a. true
b. false

Q44. ________ occurs when a firm attempts to alter its own competitive strategy.
a. Domain definition
b. Sustained regeneration
c. Strategic renewal
d. Organized rejuvenation

Q45. Today, approximately ________ angel investors provide capital to companies each year.
a. 40,000
b. 4,000
c. 400,000
d. 14,000

Q46. ________ of new organizations are started by entrepreneurial teams.
a. 30%
b. 75%
c. 60%
d. 45%

Q47. With respect to corporate entrepreneurship, sustained regeneration occurs when firms develop new culture, processes, or structures to support new product innovations.
a. true
b. false

Q48. Opportunity evaluation is the first stage of the entrepreneurial process.
a. true
b. false

Q49. ________ is the likelihood and magnitude of an opportunity’s downside loss.
a. Feasibility analysis
b. Entrepreneurial risk
c. Entrepreneurial alertness
d. Information asymmetry

Q50. ________ are firms that raise money from investors and then use money to make investments in new firms.
a. Entrepreneurs
b. Lending institutions
c. Angel investors
d. Venture capitalists