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WorksheetsPOBF Keep the Change 5.03F
Total questions: 20
Worksheet time: 20mins
Which of the following is a result of globalization:
Higher productivity
Decreased competition
Increased consumer spending
Shrinking product life cycles
Which of the following is a true statement about consumer demands:
Consumers don’t care about delivery times
Consumers want value more than they want low prices
Consumers want new product features
Consumers are less demanding than they were in the past
What actions are consumers most likely to take when the economy is poor?
Gain confidence
Purchase more high-dollar items
Buy more products from overseas
Restrain their spending
How have industry structure changes affected the current business environment?
Organizations are less willing to change than in the past
Business now moves faster than ever
The manufacturing industry has disappeared
Communication is slightly slower than it used to be
Which of the following industries is part of the fast-growing services-producing sector of the economy:
Agriculture
Construction
Manufacturing
Education
Wyatt’s laptop is only a couple of years old, but he’d already like to replace it with a newer, updated model. What characteristic of the current business environment does this illustrate?
Spending trends
Growth of service businesses
Shrinking product life cycles
Globalization
The Polar Bear Publishing Company, a publisher of children’s books, has made adjustments to its promotion and pricing strategies to suit the current market. This is an illustration of which of the following characteristics of an adaptable organization:
Cohesiveness
Flexibility
Cultural intelligence
Strong leadership
What characteristic has the globalization trend made it necessary for adaptable organizations to display?
Cultural intelligence
Strong leadership
Agility
Cohesiveness
Which of the following actions illustrates the strong leadership needed in an adaptable
organization:
Focusing on maximizing resources
Looking at the big picture rather than individual employees
Relying on past methods and successes
Striving to reduce expenses at all costs
Priscilla’s design company is always willing to consider new ideas, trends, and ways of thinking. This is an example of which of the following characteristics of an adaptable organization:
Cohesiveness
Cultural intelligence
Open-mindedness
Agility
An organization that has the ability to adapt quickly is
culturally intelligent
open-minded
cohesive
agile
Nic’s company is making some quick changes in response to shifting market conditions. The ability to easily realign its people and resources appropriately is called
flexibility
scalability
visibility
cohesiveness
Kelley makes sure her business runs smoothly and all employees have fast access to important information and the latest technologies. This is an example of which of the following characteristics of an adaptable organization:
Cultural intelligence
Open-mindedness
Cohesiveness
Flexibility
Which of the following actions describes proactive management:
Planning in advance for change
Making only long-term plans
Encouraging individualism
Avoiding risk
Which of the following is a true statement about innovative management:
Employees work under rigid job descriptions
Managers are more controlling than facilitative
It focuses more on functions than outcomes
It is more participative than traditional management
Striving to get new products to the market first and win scarce customer dollars is an “adaptable” strategy often called
globalization
competitive aggression
organizational learning
slack resources
Which of the following “adaptable” strategies seeks to strengthen an organization by bringing employees together as well as by empowering them as individuals:
Organizational learning
Market orientation
Slack resources
Competitive aggression
Seeing the “big picture” instead of smaller, individual parts is an organizational learning concept known as
team learning
shared organizational vision
personal mastery
systems thinking
Jon makes custom furniture for his customers. He strives to make sure that meeting their needs and wants is his top priority. What “adaptable” strategy is Jon using?
Innovative management
Market orientation
Slack resources
Proactive management
Jodi needs $10,000 per month to operate her photography business. Last month, she made $13,000. The extra $3,000 are called
spending trends
competitive aggression
slack resources
consumer demands
