QUESTION Decision making is a small part of running a successful business. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION In a SWOT analysis, the document that compares a company’s internal strengths and external opportunities against their internal weaknesses and external threats is called a ________. a. strategic balance sheet b. competitive balance sheet c. innovative balance sheet d. entrepreneurial balance sheet ANSWER a
Date: September 3rd, 2020
QUESTION When 3M employee, Arthur Fry, invented the Post-It note, he was acting as a(n) ________. a. intrapreneur b. interpreneur c. social entrepreneur d. franchisee ANSWER a
Date: September 3rd, 2020
QUESTION The leader of a Web news company tells employees that the site must move now to link to social networking sites. The leader is ________. a. empowering people to act b. consolidating and moving forward c. establishing a sense of urgency d. anchoring the change ANSWER c
Date: September 3rd, 2020
QUESTION Who is the 18th century philosopher known as “the father of economics?” a. Adam James b. Adam Smith c. John James d. John Smith ANSWER b
Date: September 3rd, 2020
QUESTION In an organization that has a linear structure A) each employee has an informal reporting relationship with several managers from other units. B) the hierarchy of authority goes from lower-level employees up to top management. C) each manager reports to a manager on the same level who is in charge of a different unit. […]
Date: September 3rd, 2020
QUESTION What is the term for the skills and expertise of one company’s employees, which are considered better than those of people in other companies within the industry? a. cultural cores b. competitive intelligence c. core competencies d. critical competencies ANSWER c
Date: September 3rd, 2020
QUESTION Empowering people to act means ________. a. clearing the path for employees to embrace a change program b. giving them a good reason to change c. cementing changes in the organization’s policies d. inviting innovators and early adopters to join the team leading change ANSWER a
Date: September 3rd, 2020
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
