Quiz 2 (MGMT 241) - Quiz #2

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Unformatted text preview: Quiz #2 http://bsuonline.bowiestate.edu/...=AB49D6EFF626479CA1FE1C6A0D2B163F&response_id=54D6B1C1292240DD90E74BA42439BB8F[10/06/2010 9:35:42 AM] 1. ____ is the process of choosing a solution from available alternatives. A) Decision making B) Heuristics C) Problem identification D) Problem solving E) Multivariable selection 2. The two general kinds of trade barriers are ____. A) qualitative and quantitative barriers B) tariff barriers and nontariff barriers C) nationalistic and geocentric barriers D) voluntary and involuntary barriers E) government import standards and industry import standards 3. NTL is the largest cable company in the United Kingdom. The company has recently declared bankruptcy and needs to engage in restructuring in order to give it more flexibility and allow it to raise capital. Since it has identified the need for strategic change, what would be the organization's next step in this strategy-making process? A) assessing the need for strategic change B) conducting a situation analysis C) finding the optimal strategic solution D) brainstorming E) conducting focus groups Feedback: See Exhibit 6.1. 4. A(n) ____ lists the specific steps, people, resources, and time period for accomplishing a goal. A) proximal goal B) subordinate objective C) distal goal D) action plan E) strategy Submitted by HOWELL, NAQUENA (HOWELLN0208) on 10/6/2010 9:33:35 AM Points Awarded 48.00 Points Missed 1.00 Percentage 98.0% Points Earned: 1.0/1.0 Correct Answer(s): A Points Earned: 0.0/1.0 Correct Answer(s): B Points Earned: 1.0/1.0 Correct Answer(s): B Points Earned: 1.0/1.0 Quiz #2 http://bsuonline.bowiestate.edu/...=AB49D6EFF626479CA1FE1C6A0D2B163F&response_id=54D6B1C1292240DD90E74BA42439BB8F[10/06/2010 9:35:42 AM] 5. A news article on Latin America read, "Mexico is the closest Latin America gets to the U.S. both geographically and culturally." According to Hofstede, this means the Mexican culture ____. A) is not oriented towards individualism B) is accurately described by all of these C) does not support individualism D) has a masculine orientation E) is strong in power distance Feedback: On Hofstede's Cultural Dimensions, the U.S. scores relatively high on individualism, masculinity, and short-term orientation; and moderate on uncertainty avoidance. 6. The first step in the strategy-making process is to ____. A) assess the need for strategic change B) evaluate the impact of changes on the internal environment C) conduct a situation analysis D) create a strategic budget E) choose strategic alternatives Feedback: See Exhibit 6.1. 7. Planning is ultimately based upon ____. A) the personality type of the individual engaged in planning B) the relationship between organizational line and staff personnel C) how a planner deals with bounded rationality D) choosing a goal and developing a method or strategy to achieve that goal E) whether the mission statement is internally or externally oriented Feedback: This is the definition of planning....
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