QUESTION Managers find themselves needing to make a decision when faced with both problems and opportunities. Problems are difficulties that impede the achievement of goals. Why would an opportunity require decision making? What will be an ideal response? ANSWER Answer: An opportunity is a favorable circumstance that presents possibilities for progress beyond existing goals. […]
QUESTION Which of the following is NOT a characteristic of a solid contingency plan? A) contact information for an on-site crisis manager B) information systems backup software C) an evacuation plan D) a prioritized list of critical operations E) a summary of common types of emergencies ANSWER Answer: E Explanation: E) A summary of […]
QUESTION Under which of the following conditions would an autocratic style of leadership be considered most appropriate? A) when a company wants to kick-start an urgent turnaround or is dealing with a problem employee B) when a company wants to help competent, motivated employees improve performance by building long-term capabilities C) when a company wants […]
QUESTION Which of the following types of planning has its main focus on handling of unforeseen events? A) tactical planning B) contingency planning C) operational planning D) strategic planning E) SWOT planning ANSWER Answer: B Explanation: B) Contingency plans are alternative plans that are developed in case the original schema prove to be unworkable.
QUESTION A nation reduces the trade barriers on the export of vegetables. What does this represent for a vegetable exporter in that country? A) an internal strength B) an external opportunity C) an internal weakness D) an internal threat E) an external threat ANSWER Answer: B Explanation: B) If the trade barriers are reduced, […]
QUESTION What is one disadvantage associated with having a vertical organizational structure rather than a horizontal organizational structure? A) It has no specified functional teams with specialized skills. B) It shows no clear point of authority for decision making. C) It indicates a push toward collaborative work. D) It represents a solid structure that cannot […]
QUESTION Nigel Williams is the CEO of a toy manufacturing company. He constantly reviews his business model to look for ways to improve operations. He recently learned that it would be less expensive for him to produce toys if he simply purchased each part from a different distributor, instead of making them at his factory, […]
QUESTION Which type of chart represents a company organized by specific functions, such as marketing, finance, purchasing, information technology, and human resources? A) vertical B) social C) matrix D) horizontal E) web ANSWER Answer: A Explanation: A) In a vertical organization chart, the vertical lines reflect the lines of authority with personnel grouped in […]
QUESTION What is one advantage associated with having a horizontal organizational structure? A) It has no specified functional teams with specialized skills. B) It shows a clear point of authority for decision making. C) It indicates a push toward collaborative work. D) It represents a solid structure that cannot change. E) It is a fragmented […]
QUESTION Which of the following is an advantage associated with a vertical organization? A) A vertical organization can respond quickly to changes in a market. B) Lines of communication are shorter in vertical organizations. C) Vertical organizations have a clear point of authority for decisions. D) Bureaucratic procedures do not delay decision making in vertical […]
