QUESTION Which of the following is NOT a characteristic of a bureaucratic organization? A) The structure is strictly hierarchical. B) There are few rigidly imposed rules. C) Workers perform highly specialized jobs. D) All authority is in the hands of a few top leaders. ANSWER B
Date: September 3rd, 2020
QUESTION Amazon.com created a new way to read newspapers, magazines, and books with the Kindle, a wireless reading device. This is an example of ________ innovation. a. incremental b. disruptive c. revolutionary d. exponential ANSWER b
Date: September 3rd, 2020
QUESTION The point at which the supply and demand curves intersect is called the ________. a. ideal price b. interaction point c. equalizing point d. equilibrium price ANSWER d
Date: September 3rd, 2020
QUESTION Change can often be unsettling for people because it means they have to________. a. work in a predictable environment b. learn about the unknown c. accept traditions d. choose safety over fear ANSWER b
Date: September 3rd, 2020
QUESTION When suppliers are selling all the goods they have produced and consumers are getting all the goods they demand, the ________ is achieved. a. equilibrium price b. ideal price c. ideal point d. equalizing point ANSWER a
Date: September 3rd, 2020
QUESTION What level of innovation extends past individual products and markets to transform society and create a new way of living? a. incremental b. disruptive c. revolutionary d. exponential ANSWER c
Date: September 3rd, 2020
QUESTION You work in a company that has only a few layers of management. The company has a _______ structure. A) flat B) round C) tall D) long ANSWER A
Date: September 3rd, 2020
QUESTION A transformational leader who leads others to seeing change as an opportunity in which they can thrive is ________. a. declaring victory too soon b. emphasizing managing over leading c. demonstrating integrity d. instilling confidence ANSWER d
Date: September 3rd, 2020
QUESTION When supply exceeds demand, a company has a(n) ________. a. excess b. surplus c. shortage d. scarcity ANSWER b
Date: September 3rd, 2020
QUESTION Brenda is a manager and has responsibility for many employees. She has a _______ span of control. A) short B) long C) narrow D) wide ANSWER D
Date: September 3rd, 2020
