BL12 Quiz

What is globalization in the context of management fundamentals?

• The process of integrating governments around the world.

• The worldwide interdependence of resource flows, product markets, and business competition.

• The strategy used by companies to enter new markets.

• The use of global marketing techniques.

What does productivity refer to in a business context?

• The number of products a company produces.

• The efficiency of the production process.

• The quantity and quality of work performance, relative to the resources used.

• The profitability of a company.

Who are considered organizational stakeholders?

• Only the investors and employees.

• Only the customers and suppliers.

• Investors, employees, customers, and suppliers.

• Only the top management and shareholders.

What is the glass ceiling effect?

• A transparent roof in modern office buildings.

• A metaphor for the visible levels of hierarchy in an organization.

• An invisible barrier stopping minorities and women from leveling up in the workplace.

• The effect of clear communication in an organization.

Which of the following is NOT one of the three branches of the classical approach to management?

• Scientific management

• Administrative principles

• Bureaucratic organization

• Collaborative management

According to McGregor's Theory X, what is the assumption about employees?

• Employees are inherently lazy and must be closely supervised.

• Employees are motivated by rewards and personal gain.

• Employees work best in a team environment.

• Employees are self-motivated and seek out responsibility.

What is the general premise of Max Weber's Theory?

• Employment in an organization should be based on social connections.

• Employment in an organization should be based on personal relationships.

• Employment in an organization should be linked with organizational responsibilities through division of labor and specialization.

• Employment in an organization should be temporary and flexible.

What is the main focus of utilitarian view of ethical behavior?

• Ensuring that individual rights are protected.

• Following the strictest laws and regulations.

• Maximizing overall happiness and reducing suffering.

• Maintaining a balance between nature and industry.

What is the purpose of a code of ethics in an organization?

• To outline the financial goals of the company.

• To provide a detailed history of the organization.

• To set guidelines defining acceptable conduct within the organization.

• To describe the organizational structure and job roles.

What is Corporate Social Responsibility (CSR) best defined as?

• A company's commitment to manage the social, environmental, and economic effects of its operations responsibly.

• The obligation of the organization to act in ways that serve both its own interests and the interests of society at large.

• A strategy for businesses to increase their profits by engaging in social causes.

• The legal requirement for a company to invest a certain percentage of profits in charitable activities.