Principles of Management Mid-Term Review

Weston and Carrie are discussing what guides people's behavior in the workplace. Carrie says it's about following standards of right and wrong. What are they talking about?

• guidelines for effective communication.

• standards of right and wrong that influence behavior.

• influenced only by legal regulations.

• company policies that are prominently posted on office bulletin boards.

Santiago and Sydni are working on a group project. They discover that one of their sources may not be properly cited, and they must decide how to handle the situation. This is an example of

• A. evaluating conflicting choices involving ethics and potential legality.

• B. choosing the easiest path regardless of consequences.

• C. following the rules without considering personal interests.

• D. engaging in behaviors solely based on legality.

Carrie and Jared are working on a project about factors that influence a company’s external environment. Which of the following factors represents a sociocultural force they should consider?

• fluctuations in exchange rates between different countries

• advances in manufacturing technology and automation

• shifting consumer preferences towards organic and sustainable products

• changes in government regulations

Jan and Irina are discussing how to improve their team's performance at work. They decide to use the evidence-based management approach. This approach is based on

• goal setting.

• effectively delivering goods and services.

• cost-cutting and planning.

• rational decision making.

Jorge, Timothy, and Carrie are working together on a business project. In this collaborative environment, synergy refers to the

• competition between departments to achieve superior results.

• individual efforts of team members working independently.

• combined output of separate components resulting in an enhanced outcome.

• isolation of tasks to maintain streamlined processes

Weston is a manager at a company. He notices that his approach to leading Joshua and Santiago needs to change depending on their individual personalities and the specific work situations they face. Which viewpoint emphasizes that a manager's approach should vary according to the individual and the environmental situation?

• contingency

• classical

• quantitative

• Contemporary

Vahnyel and Elena are discussing the different groups that interact with their company. According to their conversation, an organization’s external stakeholders include

• employees, owners, suppliers, and the board of directors.

• customers, suppliers, strategic allies, and financial institutions.

• top managers, strategic allies, workplace investigators, and non-management employees.

• local communities, distributors, employees, and the board of regents.

Javon and Sydni start a company that makes an ice cream-like treat using banana. They sell their branding, production techniques, and proprietary flavors to other companies for a fee and a share of the profits. Javon and Sydni's company is engaged in

• franchising.

• importing.

• offshoring.

• countertrading.

Carrie is managing a team in a multinational company. She believes that her native country, culture, language, and behavior

• are superior to those of other countries.

• should be replaced by foreign practices.

• are less important than global standards.

• must always adapt to local customs.

Juno and Jorge are managers who oversee the daily work on the front lines at their company. They are most involved with which component of the planning process?

• writing a mission statement

• tactical planning

• strategic management

• operational planning