2001 Practive Prelim 1 - AEM220 Introduction to Business...

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AEM220 Spring 2005 Introduction to Business Management Pedro David Pérez Prelim #1 FORM A 1. This exam is composed of 100 questions, a mixture of multiple choice, matching, and true/false questions. You will have exactly 90 minutes to complete the exam. Please allocate your time accordingly. 2. Make sure you leave yourself enough time at the end to have the bubble sheet completely filled out before time is calle No additional time will be allocated for this activity. 3. If you have questions about anything, do not hesitate to ask. Just raise your hand and we will come to your seat. 4. After you have completed your exam , print your name in the space below, sign and date the Honor Cod GOOD LUCK!!! Name (please print) _______________________________________________________ Student ID Number _____________________________ Honor Code : I affirm that I have abided by the guidelines set forth in the Cornell University Code of Conduct: Signature ________________________________________________________________ Date ________________________________
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PART I. Please match the following concepts to the construct they belong to. (NOTE: each of the constructs may belong to multiple concepts). The constructs are: a. Career development cycle b. Functional areas of business c. Maslow’s hierarchy of needs d. Stages of the product life cycle e. Types of organizational culture 1. Action 2. Bureaucratic E 3. Decline D 4. Development D 5. Empowered A 6. Entrepreneurial E/B 7. Esteem C 8. Exploration A 9. Finance B 10. Goal oriented E 11. Growth D 12. Introduction D 13. Marketing B 14. Maturity D 15. Operations B 16. Physiological C 17. Safety C 18. Self-actualization C 19. Social C 20. Understanding C
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PART II Please answer the following multiple choice questions 21. A merger aimed at diversifying operations and investments is Horizontal Vertical Conglomerate None of the above A mistake 22. Which one of the following is not a management function? Controlling Financing Leading Organizing Planning 23. Which of the following is not an accurate statement about mass production and economies of scale? Mass production simplifies the production process Mass production refers to the efficient production of a large quantity of goods Under economies of scale conditions, the bigger a plant, the more efficient production becomes Under economies of scale conditions, the average cost of goods decreases as production levels increase The production of cars, computers, and houses has benefited from mass production 24. Which of the following was not a consideration for Frederick Taylor’s scientific management approach to worker productivity? Time Methods Rules of work Motivation All of the above were significant considerations in Taylor’s scientific management methodology 25. What did the Hawthorne studies show?
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