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texes 14FABUS300350 PRIN OF MGT -exam 2

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Question;14FABUS300350 PRIN OF MGT;? Question;1;2 out of 2 points;Decision makers who;cherry-pick" information that matches what they already know are;guilty of confirmation bias.;Selected;Answer;? Question;2;2 out of 2 points;Which of the following is the;most effective number of people to have in a group?;Selected;Answer;? Question;3;2 out of 2 points;In forward vertical integration;a company becomes its own ________, while in backward vertical integration, the;company is its own ________.;Selected;Answer;? Question;4;2 out of 2 points;A sneaker company creating its;own stores where it sells only its own brand is an example of which of the;following?;Selected;Answer;? Question;5;2 out of 2 points;Which of the following is a;frequently cited criticism of formal planning?;Selected;Answer;? Question;6;2 out of 2 points;Functional departmentalization;groups jobs by ________.;Selected;Answer;? Question;7;0 out of 2 points;Which of the following is used;exclusively to generate creative ideas in a group setting?;Selected;Answer;? Question;8;0 out of 2 points;When a top manager decides to;hire an individual over the objections of her staff, she is exercising which;kind of power?;Selected;Answer;? Question;9;0 out of 2 points;Groups decisions are usually;individual decisions.;Selected;Answer;? Question;10;2 out of 2 points;In the chain of command, each;person above you ________.;Selected;Answer;? Question;11;0 out of 2 points;Emotions and feelings;decision making.;Selected;Answer;? Question;12;2 out of 2 points;Liquidity is a measure of an;organization's ability to access cash to meet its debt obligations.;Selected;Answer;? Question;13;2 out of 2 points;When dealing with international;organizations, managers must be ________ in order to accommodate the managing;styles of different cultures.;Selected;Answer;? Question;14;2 out of 2 points;A bank manager who passes out;bonuses at the end of the year is exercising this.;Selected;Answer;? Question;15;2 out of 2 points;A scientist cites two studies;that show a positive effect for her drug and ignores five other studies that;show a negative effect. Which error or bias is she committing?;Selected;Answer;? Question;16;2 out of 2 points;The chain of command answers this;question.;Selected;Answer;? Question;17;2 out of 2 points;Decisions, Decisions (Scenario);Sondra needed help. Her insurance company's rapid growth was;necessitating making some IT changes, but what changes? Should they modify the;servers that they currently used or purchase an entirely new system? Sondra was;confused and needed help in making the correct decision.;Sondra has decided to purchase a new system. After obtaining;permission, she has ordered the system from a reputable company. Which stage of;the decision-making process is she carrying out in making the order?;Selected;Answer: implementing the;alternative;? Question;18;2 out of 2 points;In a decision tree, which of the;following is true?;Selected;Answer;? Question;19;2 out of 2 points;The decision tree shows the;profit outcomes for a sandwich shop in a strong and a weak economy. If the;economy is strong, the shop is likely to make an $80,000 profit.;? Question;20;0 out of 2 points;A manager has a choice of three;bank CDs that pay different amounts of interest over different time periods.;The manager is operating under which condition?;Selected;Answer;? Question;21;2 out of 2 points;A manager can faithfully execute;the decision-making process but still end up with nothing of value if ________.;Selected;Answer;? Question;22;2 out of 2 points;In informal planning, goals are;usually ________ shared with others in the organization.;Selected;Answer;? Question;23;2 out of 2 points;Which of the following is;synonymous with work specialization?;Selected;Answer;? Question;24;2 out of 2 points;Most managerial decisions include;an element of risk.;Selected;Answer;? Question;25;2 out of 2 points;The decision tree shows the;profit outcomes for a coffee shop in a strong and a weak economy for next year.;What is the probability that the economy will be weak in the coming year?;Selected;Answer;? Question;26;2 out of 2 points;A soap company that features a;bath soap department, a laundry detergent department, and a dish soap;department is using which of the following?;Selected;Answer;? Question;27;0 out of 2 points (Extra Credit);Taco Rocket (Scenario);Imagine that you are the president of Taco Rocket, a new and;successful chain of 8 Mexican fast-food restaurants. The success you have;experienced in the last 5 years has you thinking of what to do with the business;next. Should you expand the business at the current rate? Open new and;different restaurants? What?;For a limited time, Taco Rocket is thinking of coming out;with a new Fifth Degree Burrito that is so hot it "burns a hole in the;plate." Catering to the small segment of the market that likes super-hot;food is an example of a ________.;Selected;Answer: cost leader strategy;? Question;28;0 out of 2 points;Group decisions tend to provide;more complete information than individual decisions.;Selected;Answer;? Question;29;2 out of 2 points;Which three conditions do;decision makers face?;Selected;Answer;? Question;30;2 out of 2 points;Which of the following is an;example of a strategic goal for a professional baseball team?;Selected;Answer;? Question;31;2 out of 2 points;An internal analysis, the third;step of the strategic management process helps identify ________.;Selected;Answer;? Question;32;2 out of 2 points;Sticking to a decision despite;evidence that it is a mistake is called ________.;Selected;Answer;? Question;33;2 out of 2 points;The first step in the six-step;strategic management process is to ________.;Selected;Answer;? Question;34;2 out of 2 points;Line authority gives a manager;the ability to direct the work of ________.;Selected;Answer;? Question;35;2 out of 2 points;Which of the following is NOT;allowed in a brainstorming session?;Selected;Answer;? Question;36;2 out of 2 points;Which statement accurately;defines work specialization?;Selected;Answer;? Question;37;0 out of 2 points;The personal secretary of a top;manager may have ________.;Selected;Answer;? Question;38;0 out of 2 points;One legislator sees decreased tax;revenue as the key problem in the budget. A second legislator sees increased;spending as the problem. Each of these legislators has a(n) ________.;Selected;Answer;? Question;39;0 out of 2 points;In a condition of certainty;Selected;Answer;? Question;40;2 out of 2 points;In decision making, a problem can;be defined as a discrepancy between what exists and what the problem solver;desires to exist.;? Question;41;0 out of 2 points;Individualistic countries like;the United States tend to have ________ than group-oriented countries like;Japan.;Selected;Answer;? Question;42;2 out of 2 points;Decisions, Decisions (Scenario);Sondra needed help. Her insurance company's rapid growth was;necessitating making some IT changes, but what changes? Should they modify the;servers that they currently used or purchase an entirely new system? Sondra was;confused and needed help in making the correct decision.;According to the decision-making process, the first step;Sondra should take is to ________.;Selected;Answer;? Question;43;2 out of 2 points;SWOT analysis identifies and;analyzes an organization's ________.;Selected;Answer;? Question;44;2 out of 2 points;Which of the following is NOT a;function of planning?;Selected;Answer;? Question;45;2 out of 2 points;A manager is determining what;kind of new computers she should purchase for her department. She has made a;list of five different computer models for consideration. Which stage of the;decision-making process is this?;Selected;Answer;? Question;46;2 out of 2 points;Taco Rocket (Scenario);Imagine that you are the president of Taco Rocket, a new and;successful chain of 8 Mexican fast-food restaurants. The success you have;experienced in the last 5 years has you thinking of what to do with the;business next. Should you expand the business at the current rate? Open new and;different restaurants? What?;Recently, Taco Rocket has considered buying a local;competitor and the two would combine under the Taco Rocket name. This is an;example of which of the following?;Selected;Answer;? Question;47;2 out of 2 points;State motor vehicle offices usually;use this kind of departmentalization.;Selected;Answer;? Question;48;2 out of 2 points;A manager uses break-even;analysis to find out how many units of a product he needs to sell to make a;profit of zero.;? Question;49;2 out of 2 points;An external analysis, the second;step of the strategic management process, helps identify ________.;Selected;Answer;? Question;50;2 out of 2 points;A person who satisfices fails to;Selected;Answer;? Question;51;2 out of 2 points;Taco Rocket (Scenario);Imagine that you are the president of Taco Rocket, a new and;successful chain of 8 Mexican fast-food restaurants. The success you have;experienced in the last 5 years has you thinking of what to do with the;business next. Should you expand the business at the current rate? Open new and;different restaurants? What?;You are thinking of buying a tortilla factory in a nearby;state. This action would be an example of ________.;Selected;Answer

 

Paper#45708 | Written in 18-Jul-2015

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