Bus401 s07 sena quiz8 - d0\O(O Bus 401 Quiz 8 Student This...

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Unformatted text preview: d0 \O/(O Bus 401 Quiz 8 Student \- This test is open book, open notes. Please submit your test answers directly to your instructor at the beginning of the next class. Please do NOT submit them in electronic form -- either via the digital drop box in blackboard or by email. Chapter 9 1. The “traditional” approach to strategic control is interactive; the “contemporary” approac®ategic control is sequential. True or False 2. Continuous monitoring enhances an organization's ability to respond with speed and flex" 'Iy: ‘rue rFalse 3. As firms downsize, a control system based on rewards and culture becomes dysfuncti l True or £19 4. Once a strong and healthy organizational culture has been established, it becomes self-sustai ' _. True or FélJSLE? 5. Differ functiona areas within an organization often have different reward systems. Luger False 6. Boundaries and constraints are just used to maintain order In an organization and have little ton the organization' 5 strategic priorities. True or j 7. Rule based controls are appropriate in organizations where most of the employees ’re skilled. ‘ r False 8. Research has shown that executives who have large holdings of stock in their firm were more likely to have diversification strategies more consistent with reholder interests--increasing long-term returns. or False than portf lio versification by shareholders. 9. Product diversi ' tion by a company is a cheaper way to reduce shareholder risk True or F l e Bus 401 Quiz 8 Page 1 10. The “traditional” approach to strategic control is sequential. Which of the wing is not one of the steps in the sequence? @adion plans are submitted by lower level managers. B) performance is measured against the predetermined goal. C) strategies are implemented. D) strategies are formulated and top management sets goals. 11. For businesses facing complex and turbulent business environments AL goals and objectives that are uncertain prevent opportunism. @ traditional strategic controls are usually inappropriate. C) complacency about predetermined milestones can prevent adaptability. D) detailed plans are needed to maintain order. 12. Contemporary approaches to strategic control rely primarily on A) feedback controls. B) single—loop learning. C double-loop learning. ) comparative learning. 13. Most successful organizations minimize the need for explicit rules, regulations, and other boundaries by A) posting written statements of the organization's goals and objectives. (3) discouraging the formation of subcultures that isolate work groups. C designing effective reward systems. ) encouraging employees to see themselves as free agents. 14. Which of the following is not one of the functions of reward and incentive tems? They represent a poor means of influencing an organization's culture. B) They focus efforts on high-priority tasks. C) They motivate high levels of individual and collective task performance. D) They represent an effective control mechanism. 15. Effective boundaries and constraints A) tend to inhibit efficiency and effectiveness. B distract employees who are trying to focus on organizational priorities. ’ minimize improper and unethical conduct. D) tend to limit organizational growth. 16. Which of the following statements about action plans is true? A) Action plans though specific, should permit a degree of autonomy to managers and not be constrained by budgets. ® Action plans must be specific so that managers will have a clear understanding of the resource requirements necessary to implement the plan. C) Action plans should not be constrained by a time frame in order to allow for modification. D) Although managers must be held accountable for implementing action plans, this accountability often erodes the managers’ motivation to implement the plan on a timely basis. Bus 401 Quiz 8 Page 2 17. Rule-based controls are most appropriate in organizations with all of the following characteristics except ‘ environments are stable and predictable. ‘ employees are highly skilled and independent. ‘3 consistency in product or service. D) the risk of malfeasance is extremely high. 18. Most organizations with strong cultures and a sound system of rewards and incentives can eventually internalize boundaries rather than use explicit rules and regulations. Which of the following is not a technique for moving in that direction? A) Hire people that identify with the organization's dominant values. (B Develop managerial role models. C) Minimize training and indoctrination. Align reward systems with organizational goals and objectives. 19. The primary participants in corporate governance are all of the following except: A the shareholders. key stakeholders such as financial institutions. management (led by the chief executive officer). D) the board of directors. 20. External control mechanisms include all of the following except A) auditors. analysts. p) competitors. the market for corporate control. Bus 401 Quiz 8 Page 3 ...
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  • Spring '06
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