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 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 In general, managers have authority over ____________ in the company’s organization chart. A) managers who work in other units at the same level B) the employees directly above them C) the employees directly below them D) people two levels above them. ANSWER C
Date: September 3rd, 2020
