QUESTION What term is used to describe the force that guides free market capitalism through competition for scarce resources? a. the economies of scale b. the invisible force c. the invisible hand d. the market force ANSWER c
Date: September 3rd, 2020
QUESTION Which of the following is NOT true about an organization that has a matrix structure? A) Employees have more than one boss. B) Each person reports to just one other person. C) Employees “belong” to functional departments as well as product teams. D) A person’s boss can be a department manager one day and […]
Date: September 3rd, 2020
QUESTION The benefit of skill development is limited only to an employee’s own career advancement. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Which statement about SWOT analysis is FALSE? a. SWOT can be used by anyone for anything. b. SWOT can be used to find competitive advantages. c. SWOT can be used to identify core competencies. d. SWOT can be used as a one-time process. ANSWER d
Date: September 3rd, 2020
QUESTION Which of the following is NOT an advantage of the matrix organizational structure? A) The structure promotes flexible use of human resources. B) The organization can easily take on a variety of short-term projects. C) The company can adapt quickly to changing conditions. D) Reporting lines are clear, making communication easy and effective. […]
Date: September 3rd, 2020
QUESTION With simulation training, managers have employees practice the work they are going to do to familiarize employees with company procedures and any equipment the employees will be using. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION A person who uses his or her entrepreneurial skills within an organization is a(n) ________. a. intrapreneur b. interpreneur c. social entrepreneur d. franchisee ANSWER a
Date: September 3rd, 2020
QUESTION Victor Vroom’s expectancy theory says that employees are motivated when they believe more effort will lead to better job performance, which in turn will lead to rewards they value. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION The invisible hand theory holds that the entire society will benefit if people _________. a. act in the interest of societal goodwill b. act in the interest of corporate goodwill c. act in the interest of political goodwill d. act in their own self interests ANSWER d
Date: September 3rd, 2020
QUESTION Which of the following is NOT a disadvantage of a tall organizational structure? A) The long chain of command means that decision making can be slow. B) Communication can be difficult, since it must pass through different layers of management. C) The role of lower-level workers may not be clearly defined, creating confusion over […]
Date: September 3rd, 2020
