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MGT 350/MGT350 FINAL EXAM VERSION 4

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Question;1) Programmed decisions are useful when there is no predetermined structure on which to;rely.;A. True;B. False;2) Managers often ignore problems.;A. True;B. False;3) Bill Simmons is the manager of a small restaurant and must decide how much money he;owes his suppliers. This is an example of a nonprogrammed decision.;A. True;B. False;4) In the fourth state of decision making, problem diagnosis is linked to the development of;alternatives.;A. True;B. False;5) Choosing a ready-made alternative takes less time than designing a custom-made;solution.;A. True;B. False;6) Contingency plans are best developed following the final stage of decision;making?evaluating the decision.;A. True;B. False;7) One advantage of using a group for decision making is that one person dominates.;A. True;B. False;8) Discounting the future is said to partly explain governmental budget deficits and;environmental destruction.;A. True;B. False;9) In decision making, it is always better to use a group than an individual.;A. True;B. False;10) Which of the following does NOT describe good plans in organizations?;A. They provide a clear road map;B. They are purposeful;C. They may be formal or informal;D. They are flexible;11) The targets or ends the manager wants to reach are called;A. Plans;B. Mission statement;C. Vision;D. Goals;12) Plans are;A. Targets a manager wants to reach;B. Specific to differing industries;C. Inappropriate when resources are scarce;D. Actions taken to achieve goals;13) A plan which focuses on ongoing activities and may become a more permanent policy;or rule is called a(n);A. Single-use plan;B. Strategy;C. Mission statement;D. Standing plan;14) A policy developed for the yearly graduation ceremony at Easy Town High School can;be described as a(n);A. Single-use plan;B. Contingency plan;C. ?What-if? plan;D. Standing plan;15) _____________ plans might be referred to as what-if plans.;A. Strategic;B. Contingency;C. Standing;D. Single-use;16) Coordination refers to;A. Division of labor within an organization;B.;The performance of specific tasks by specific people;C.;The need for specific tasks in the functional fields;D.;The linking of the various components of an organization;17) An organization chart conveys all of the following EXCEPT;A. Who reports to whom;B. How decisions are made;C. How the work is divided;D. The work performed by each unit;18) The assignment of different tasks to different people or groups is the;A. Organization structure;B. Division of labor;C. Value chain;D. Strategic plan;19) Incremental decision making occurs when managers make small decisions and move;cautiously toward a bigger solution.;A. True;B. False;20) Managers often ignore problems for all of the following reasons EXCEPT;A. Getting involved is risky;B.;It is easier to procrastinate or to get busy with less demanding activities;C.;Managers are often too busy to make decisions;D.;They cannot be sure how much time, energy, or trouble lies ahead;21) Characteristics of managerial decisions include all of the following EXCEPT;A. Uncertainty;B. Lack of structure;C. Convention;D. Risk;22) The state that exists when decision makers have insufficient information is;A. Uncertainty;B. Probability;C. Risk;D. Certainty;23) Shakil works for a large contractor. Company policy requires that in hiring;subcontractors, at least three bids must be received and that the lowest bid which meets;specifications will be accepted. Shakil?s decisions regarding the hiring of subcontractors;would be classified as;A. Programmed;B. Reprehensible;C. Lacking structure;D. Minimizing;24) Managers of Shadow Blinds are contemplating whether to open the company?s first;international branch in Europe or Asia. These managers are facing a _______ decision.;A. Programmed;B. Nonprogrammed;C. Well structured;D. Routine;25) The initial step in the decision-making process is to;A. Evaluate the decision;B. Identify the problem;C. Implement the decision;D. Select an alternative;26) Once a problem is identified and properly diagnosed, the next stage in the decision-;making process involves;A. Evaluating consequences;B. Generating alternative solutions;C. Evaluating information;D. Evaluating alternatives;27) Kathy has received two job offers. One is from a firm in a town that Kathy would like to;live in but the other offer would pay more. Kathy is having a difficult time making a;decision due to experiencing;A. Organizational conflict;B. Psychological conflict;C. Physical location conflict;D. Internal conflict;28) The essential characteristic of great companies, according to Collins and Porras, was;their relentless focus on beating the competition.;A. True;B. False;29) Collins and Porras argue that organizations must focus on both purpose beyond profit;AND pragmatic pursuit of profit.;A. True;B. False;30) A critical characteristic of success, for all the great companies studied in Built to Last,,was a set of common values that all the companies followed.;A. True;B. False;31) A performance gap can occur when performance is good but someone realizes that it;could be better.;A. True;B. False;32) The key to successful change is people.;A. True;B. False;33) When management realizes that its current practices are no longer appropriate and;the company must break out of its present mold by doing things differently, this is called;freezing.;A. True;B. False;34) Susan has the opportunity to either go along with her coworkers and participate in;filling out inaccurate time records OR tell her manager what is happening. This is an;example of;A. An ethical issue;B. A situation that is not a problem;C.;A time when Susan should ignore the problem;D. A moral rights issue;35) People in the ____________ stage make decisions based on concrete rewards and;punishments and immediate self-interest.;A. Principled;B. Deontology;C. Preconventional;D. Conventional;36) A situation, problem or opportunity in which an individual must choose among several;actions that must be evaluated as morally right or wrong is called;A. An ethical issue;B. A personal issue;C. Business ethics;D. Ethical;37). Satisficing is achieving the best possible outcome.;A. True;B. False;38). Affective conflict is differences in perspectives or judgments about issues whereas;cognitive conflict is emotional and directed at other people.;A. True;B. False;39. Some experts advise that in today?s complex business significant problems should;always be tackled by groups.;A. True;B. False;40. Which is the first step in the formal planning process?;A. Goal and plan evaluation.;B. Implementation;C. Monitor and Control;D. Situational Analysis;41. Which of the steps in the formal planning process involves studying past events, examining;current conditions, and forecasting future trends?;A. Situational analysis;B. Monitor and control;C. Goal and plan evaluation;D. Alternative goals and plans;42. If expansion to Australia does not materialize, Widget, Inc.?s backup plan is to expand to Asia.;This backup plan is an example of;A. Strategic plan;B. Standing;C. Contingency plan;D. Single-use plan

 

Paper#45616 | Written in 18-Jul-2015

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