Practice Midterm

Question 1

When a manager chooses inappropriate goals but makes good use of resources, the result is?

Answer 1

A high quality product that customers do not want to buy

Question 2

When a manager chooses good goals but does a poor job of the use of resources, the result is?

Answer 2

Low efficiency/ high effectiveness

Question 3

The outcome of planning is

Answer 3

A strategy

Question 4

Relative to top and middle workers, first line managers spend more time:

Answer 4

Leading

Question 5

What is NOT associated with Mintzberg Interpersonal Type of Managerial roles:
Figurehead
Leader
Liason
Negotiater

Answer 5

Negotiator

Question 6

When a manager must decide which projects to or programs to initiate and how to invest resources to increase organizational performance, they are preforming Mintzberg role of:

Answer 6

Entrepreneurship

Question 7

The ability to diagnose and analyze a situation and to distinguish between cause and effect describes

Answer 7

Conceptual Skills

Question 8

Which set of skills share almost equal importance among all three levels of management

Answer 8

Human Skills

Question 9

The techniques of scientific management were originally developed by

Answer 9

Fredrick Taylor

Question 10

the study of how to create an organizational structure that leads to high efficiency and effectiveness describes

Answer 10

Administrative management

Question 11

Which of the following is NOT Henri Fayol’s principle of management?
1. Line of Authority
2. Espirit de Corps
3. Standard Operating Procedures
4. Authority and Responsibility

Answer 11

Standard Operating Procedures

Question 12

Which of the following is NOT an argument in support of the stakeholder view of corporate governance?
1. Long run profits are more secure through a stakeholder approach
2. Business has power in society and must balance this with responsibility
3. There are no direct lines of social accountability for business to the public
4. Government regulation is discouraged

Answer 12

3. There are no direct lines of social accountability for business to the public.

Question 13

Which of the following is NOT a source that arises from an organizations general environment
1. Sociocultural
2. Technological
3. Competitors
4. Demographics

Answer 13

3. Competitors

Question 14

When fending off a hostile takeover event, requiring a large majority of stakeholders to approve the takeover exemplifies:

Answer 14

A shark repellant

Question 15

When does a vertical merger occur

Answer 15

Firms that are involved in different levels of the same business merge

Question 16

Which of the following statement describing a Crown Corporation is FALSE
1. A ‘not-for-profit’ corporation
2. A corporation owned by federal, provincial, or local government
3. Focus is on providing a service
4. Operates in areas where the private sector would not or could not operate

Answer 16

1. A not for profit business

Question 17

A corporation that controls one or more other corporations through the ownership of their common stock is a:

Answer 17

A Holding Company

Question 18

In a partnership, a secret partner:

Answer 18

is unknown to the public but takes an active management role

Question 19

The Open-Systems View presents the organization as a system that takes in resources from its external environment and converts or transforms them into goods and services that are then sent back to that environment, where they are bought by customers. In a closed system, entropy can occur. In this context, entropy refers to:

Answer 19

The tendency of a system to dissolve and disintegrate because it loses the ability to control itself

Question 20

The idea that managers’ choice of organizational structures and control systems depends on characteristics of the external environment in which the organization operates describes:

Answer 20

Contingency Theory