QUESTION The organization where you work is strictly hierarchical, has workers perform highly specialized jobs, has many rigidly imposed rules, and places all authority in the hands of a few top leaders. Your organization is A) neurotic. B) autocratic. C) bureaucratic. D) demagogic. ANSWER C
Date: September 3rd, 2020
QUESTION Antonio runs an innovative company and focuses on the triple bottom line. What is NOT part of this focus? a. Turning the best profit b. Connecting with customers and giving them what they want c. Seeking professional rewards for marketing purposes d. Going green without undue financial hardship ANSWER c
Date: September 3rd, 2020
QUESTION What level of innovation involves improving on an existing product and transforming an industry? a. incremental b. disruptive c. revolutionary d. exponential ANSWER b
Date: September 3rd, 2020
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 Which will shift the supply curve? a. changes in production costs b. changes in customer preference c. increases in the number of potential buyers d. the prices of related products ANSWER a
Date: September 3rd, 2020
