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WorksheetsPMB1
Total questions: 60
Worksheet time: 46mins
Which Key driver of globalization is expressed in the following: Many multinational companies, use English as their official working language.
Universalization
Liberalization
Internatioalization
Which driver of globalization (that is external to the organization) is expressed in the following: Apple, a U.S.-based company, has invested heavily in manufacturing facilities and partnerships in China.
Rational Knowledge
FDI
changing markets
technological innovations
Zappos, an online shoe and clothing retailer, uses the skills of a specialized firm within the U.S. as well, for customer service.
This is:
Outsourcing offshore
Offshoring
Outsourcing
Which of the following is not an assumed issue with offshoring/outsourcing offshore to the home country and its firms
Unemployment
Wage reduction
Lower quality products and services
smaller firms may be forced to close
Walmart influences suppliers by setting strict pricing, delivery, and product standards. in order to maintain their contracts, suppliers must comply.
This is an example of:
Producer driven chain
Buyer-driven chain
Toyota collaborates closely with its suppliers through long-term partnerships, sharing resources and information to improve quality and efficiency. This cooperation includes joint product development and a commitment to mutual success.
This is an example of...
Captive chain
Modular chain
Relational chain
Is a company that uses outsourcing offshore for only one function considered a multinational company?
Yes
No
Nestle operates in various counties with a focus on local responsiveness. The company tailors its products, marketing strategies, and operations to meet the specific tastes and preferences of each market.
Nestle is a...
Multi-domestic MNE
Transnational MNE
International MNE
Subway allows local entrepreneurs to open and operate their own subways. this is an example of
Exporting
wholly-owned subsidiaries
Licensing
Franchising
Coca-Cola uses its strong brand and distribution network to maximize profits in international markets. this is a form of
Asset augmenting
Asset exploiting
Government policies such as trade regulations, tax incentives, and labor laws are a part of
Local environment
National environment
Global environment
all answers are correct
analyzing demographic trends, such as the aging population or increasing urbanization is a function of.... inside the PESTEL analysis
Political
Economic
Social
Technological
Ethical
The (............) of the U.S. was approx 25 trillion dollars, this figure refelcts the total income earned by residents and business of the U.S. from both domestic and foreign sources
GDP per capita
GDP
non of the above
GNP
GNI
one of the reasons for the economic growth of Russia, is that workers worked longer hours, and were paid small wages.
False
True
one of the reasons for Japan's economic growth is that it protected its home markets.
False
True
The BRICS nations face challenges in developing a unified collective vision for their future cooperation (world politics, climate change). which limits their economic potential
False
True
Which of the following is NOT a reason for China's economic growth
WTO membership
Privatization and growth of the stock market
Human capital development. Increased access to education at all levels
Close links and good relations with the supply chain creating a networked economy
Which of the following are characteristics of the Anglo-Saxon market (a) (b) (c)
(d)
When the government provides subsidies or tax incentives for renewable energy installations, such as solar panels or wind turbines it intervenes businesses as a
Demand management
Consumer
Employer
Collective provision
Goals are
Overall future intention
Statement of key values
Generalized statements of intent
Intentions measurable within a time frame
an example of a SMART objective is when a company wants to increase website traffic over the next six months through targeted marketing campaigns
False
True
An example of a SMART objective is when a company wants to increase email newsletter subscriptions by 25% by implementing a referral program
False
True
An example of a SMART objective is when a business wants to help 100 employees complete a wellness program within 6 months to improve overall health and productivity.
False
True
which of the above is a structural choice when deciding on the type of structure for a business
Reward systems
Grouping of tasks
Degree of specialization
Nature of the hierarchy
all are correct
(fill in the blank)structure divides the company based on specialized roles (e.g., marketing, finance). It has clear specialization but can lead to isolation, focusing only on their own tasks, without collaborating with others – may hinder overall coordination and innovation
Functional
Multidivisional
Matrix
Project
a company that not only uses the elements of functional structure but also creates small structures that focus on specific goals and projects is using a ..... structure
none
Matrix
Project
Multidivisional
Matrix structure has its issues, as it has one main problem, which is the risk of duplicating resources instead of sharing and saving money.
False
True
a company that values individuals and interactions over processes and tools, working software over comprehensive documentation, and customer collaboration over contract negotiation is following a set of principles called Agile Manifesto
False
True
the ability of a firm to adjust the number of employees based on demand. This could involve hiring temporary workers, freelancers, or part-time during peak periods, or laying off employees when demand is low. is called...
Numerical flexiblity
Functional flexibility
Financial flexiblity
Temporal flexibility
Flexibility in the working hours or patterns, such as the use of flexible working hours, part-time work, job sharing, or shift work to meet the needs of both the firm and the employees. is called
Financial flexiblity
Temporal flexibility
Functional flexilibty
Geographical flexibility
the ability of the organization to encourage innovative and creative thinking among its employees, allowing for adaptability in problem-solving and strategic thinking is called
Functional flexibility
Temporal flexibility
Cognitive flexibility
Geographic flexibility
Which of the following is a characteristic of a Limited company? (a) (b) (c)
Large corporate owners (the shareholders) fear that the professional managers will only act for their own self-interest, what can be done to minimize this risk? (there are two correct answers or none)
Incentives paid to manager
non of the above
take away managers shares
Boards of dominant shareholders are elected
Avoid hiring agents in the first place (professional managers)
Managers are more involved with the firm, its employees and its community than typical shareholders
False
True
which the following is a key characteristic of public sector corporations?
Operate primarily for profit maximazation
Funded primarily through private investments and shareholder equity
Aim to provide services to the public sector rather than generating profit
Managed by private individuals without government oversight
Limited management autonomy and motivation, and financial constraints are both issues with the public sector
False
True
Which of the following is commonly cited as an advantage of privatization of public sector sevices?
Greater efficiency and innovation through competition
Increased government control over operations
Enhanced accountability to public stakeholders
Lower service costs due to reduced competition
answers 1,2 are correct
How does the size of a business typically impact its operations and strategy?
Smaller businesses are usually better at utilizing advanced technologies than larger ones
Large businesses generally require fewer resources to achieve economics of scale compared to small ones
Size has no significant effect on a business's ability to innovate or adapt
Larger businesses tend to have more rigid structures and less flexibility in decision making.
none of the above is correct
Which of the following is a characteristic commonly associated with small firms?
Access to extensive capital resources
greater agility and ability to respond quickly to market changes
large bureaucratic structures and formal processes
focus on global markets rather than local or niche markets
A start-up, high tech, company is usually considered a
growth firm
life style firm
MNE
None of the above
one of the contributions of a smaller firm on the economy forcing change through flexibility and innovation
False
True
Google is known for its innovative and open culture, which emphasizes creativity, collaboration, and employee well-being. this is
Organizational culture
Corporation culture
Apple is renowned for its design-driven and performance-oriented culture, which emphasizes innovation, secrecy, and focus on user experience. This is
Organizational culture
Corporation culture
Netflix is recognized for its high-performance and freedom-focused culture, which emphasizes accountability, innovation, and commitment to results. This is
Organizational culture
Corporate culture
Strong culture in the corporate enables managers to coordinate and control through moral involvement
False
True
One of the reasons for the emergence of professional managers is the creation of the joint stock company - separation of ownership and control
False
True
A sales manager who offers a bonus to team members who exceed their sales targets demonstrates...
Reward power
Charisma power
Political power
Position power
This employee supervises junior staff, coordinates tasks, conducts performance reviews, and serves as a liaison between the team and upper management. Is he a manager?
No
Yes
proposed that there is no one-size-fits-all approach to management because a manager’s job is shaped by several variables. s/he developed the “Demands, constraints, and choices” framework, which emphasizes that managers must balance various pressures in their roles
Rosemary Stewart 1967
Henry Mintzberg 1973
Fred Luthans 1988
Tony Watson 1994
focused on the social and cultural aspects of management, emphasizing the importance of understanding organizations as social systems. S/he believed that managers are influenced by the culture and social dynamics of their organizations and that management in more about navigating these relationships than just carrying social rules.
Rosemary Stewart 1967
Henry Mintzberg 1973
Fred Luthans 1988
Tony Watson 1994
differentiated between effective managers (those who get the job done well) and successful managers (those who climb the corporate ladder quickly). His/ Her study found that managers often engage in different activities depending on their goals
Rosemary Stewart 1967
Henry Mintzberg 1973
Fred Luthans 1988
Tony Watson 1994
In Henry Mintzberg's model, representing the organization symbolically, e.g., attending a company event is a function of a manager as a
Leader
Liaison
Figurehead
All of the above
In Henry Mintzberg's model, sharing relevant information with the team, e.g., briefing employees on new policies, is a function of a manager as a
Monitor
Disseminator
Spokesperson
All of the above
In Henry Mintzberg's model, dealing with crises or conflicts. E.g., resolving a dispute between staff, is a function of a manager as a
Disturbance handler
Entrepreneur
Resource allocator
none of the above
Negotiator
what type of strategy is the following: A company like Amazon expanding from e-commerce into cloud computing and entertainment
Corporate strategy
Business strategy
Functional strategy
none of the above
what type of strategy is the following: Apple’s strategy for its smartphone division includes differentiating through premium design and innovation in its iPhone products
Corporate strategy
Business strategy
Functional strategy
None of the above
In SWOT analysis Information is usually incomplete
False
True
Strategy assists and can be used in organizational and cultural change
False
True
The luxury fashion market has low barriers to entry
True
False
Characteristics of when buyers have higher bargaining power (a) (b)
