management Test 1

management Test 1 - Test 1 1 A society that stresses"living...

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Test 1 1. A society that stresses "living for the moment" is said to have: Ans: short-term orientation 2. Organizations that produce goods that are similar to another organization's goods are known as: Ans: competitors 3. Which of the following statements is true regarding restructuring? Ans: It can be done by eliminating departments and reducing levels in the hierarchy. 4. If the product of a major competitor has a large share of the existing market for that product, we say that this product has a large amount of: Ans: brand loyalty 5. In general, the _____ the barriers to entry into an industry, the _____ the number of competitors in that industry and the _____ the threat of competition within that industry. Ans: higher; smaller; lower 6. If a society values the group more than the individual, and believes that people should be judged by the quality of their contribution to the group instead of their individual achievement, then the society is said to value: Ans: collectivism 7. The stakeholder group with the most responsibility for deciding the goals of the organization are: Ans: managers 8. Which of the following statements is true regarding outsourcing? Ans: It can be used for activities such as manufacturing, marketing, and customer service. 9. _____ are often regarded as the most critical stakeholder group.] Ans: Customers 10. The specific set of departmental skills, knowledge, and experience that allows one organization to outperform its competitors is called: Ans: core competencies 11. The values, norms, beliefs, laws, and customs that unite the citizens of a country are known as: Ans: the national culture 12. When we say that the top managers of an organization are responsible for the
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management Test 1 - Test 1 1 A society that stresses"living...

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