Cash flow to creditors is defined as:A. interest paid minus net new borrowingB. interest paid plus net new borrowingC. operating cash flow minus net capital...
The tax rate that determines the amount of tax that will be due on the next dollar of taxable income earned is called the:
The tax rate that determines the amount of tax that will be due on the next dollar of taxable income earned is called the:A. average tax rateB. variable...
Which one of the following decreases net income but does not affect the operating cash flow of a firm that owes no taxes for the current year?
Which one of the following decreases net income but does not affect the operating cash flow of a firm that owes no taxes for the current year?A. indirect...
Which of the following statement is true?
Which of the following statement is true?A. All of the major stock exchanges are U.S. basedB. The NYSE was created by the National Association of Securities...
You contacted your broker this morning and placed an order to sell 300 shares of stock that trades on the NYSE. This sale will occur in the:
You contacted your broker this morning and placed an order to sell 300 shares of stock that trades on the NYSE. This sale will occur in the:A. dealer...
Probably the least effective means of aligning management goals with shareholder interests is:
Probably the least effective means of aligning management goals with shareholder interests is:A. the potential for a proxy fight by an unhappy segment...
An agency issue is most apt to develop when:
An agency issue is most apt to develop when:A. a firm encounters a period of stagnant growthB. a firm downsizesC. the control of a firm is separated from...
The Sarbanes-Oxly Act:
The Sarbanes-Oxly Act:A. requires the corporate officers to personally attest that the financial statements are a fair representation of the company's...
The primary goal of financial management it to maximize:
The primary goal of financial management it to maximize:A. current profitsB. market shareC. current dividendsD. the market value of existing stockE. revenue...
A limited liability corporation (LLC):
A limited liability corporation (LLC):A. is a hybrid between a sole proprietorship and a partnershipB. prefers its profits be taxed as personal income...
Corporate shareholders:
Corporate shareholders:A. are proportionately liable for the firm's debtsB. are protected from all financial lossesC. have the ability to change the corporation's...
One advantage of the corporate form of organization is the:
One advantage of the corporate form of organization is the:A. taxation of the corporate profitsB. unlimited liability for its shareholdersC. double taxation...
Which one of the following is an advantage of being a limited partner?
Which one of the following is an advantage of being a limited partner?A. nontaxable share of any profitsB. control over the daily operations of the firmC....
Which of the following forms of business organization offers liability protection to some of its owners, but not to all of its owners?
Which of the following forms of business organization offers liability protection to some of its owners, but not to all of its owners?A. sole proprietorshipB....
The daily financial operations of a firm are primarily controlled by managing the:
The daily financial operations of a firm are primarily controlled by managing the:A. total debt levelB. working capitalC. capital structureD. capital...
Which one of the following is a capital structure decision?
Which one of the following is a capital structure decision?A. determining the optimal inventory levelB. establishing the preferred debt-equity levelC....
Capital Budgeting includes the evaluation of which of the following?
Capital Budgeting includes the evaluation of which of the following?A. size of future cash flows onlyB. size and timing of future cash flows onlyC. timing...
When conducting a financial analysis of a firm, financial analysts:
When conducting a financial analysis of a firm, financial analysts:A. cannot use accounting information as it is historicalB. rely solely on accounting...
The shareholders of W Markets would benefit if the firm were to be acquired by Better Foods. However, W Markets' board of directors rejects the acquisition offer. This is an example of:
The shareholders of W Markets would benefit if the firm were to be acquired by Better Foods. However, W Markets' board of directors rejects the acquisition...
The potential conflict of interest between a firm's owner and its managers is referred to as which type of conflict?
The potential conflict of interest between a firm's owner and its managers is referred to as which type of conflict?A. organizationalB. structuralC. formativeD....
Will and Bill both encore sunshine, water, and surfboards. Thus the two friends decided to create a business together renting surfboards, paddle boats, ad inflatable devices in CA. Will and Bill will equally share in the decision making and in the business profits or losses. Which type of business did they create if they both have full personal liability for the firm's debts?
Will and Bill both encore sunshine, water, and surfboards. Thus the two friends decided to create a business together renting surfboards, paddle boats,...
Margie opened a used bookstore and it both the 100 percent owner and the store's manager. Which type of business entity does Margie own if she is personally liable for all the store's debts?
Margie opened a used bookstore and it both the 100 percent owner and the store's manager. Which type of business entity does Margie own if she is personally...
Uptown Markets if financed with 45 percent debt and 55 percent equity. This mixture is referred to as the firms:
Uptown Markets if financed with 45 percent debt and 55 percent equity. This mixture is referred to as the firms:A. Capital StructureB. Capital BudgetC....
The Bailey Wildlife Fund was created to act as a protector of wolves, grizzly bears, and other predatory animals. It works with landowners to prevent or reduce predator problems. The non profit organization asks landowners to suggest plans that can be implemented to prevent predators from attacking their herds, and then the Fund pays to implement those that offer the most universal benefit. The landowners are part of the _____ component of the Fund's specific environment.
The Bailey Wildlife Fund was created to act as a protector of wolves, grizzly bears, and other predatory animals. It works with landowners to prevent...
Laura Childs found a charming old cottage in which to set up her herbal business and tea house, but the bathroom was not big enough for a wheelchair. Lawrence Li wanted to set up a paintball alley in an old factory but there was no ramp entrance. Many other small business owners have found how expensive it is to comply with Americans with Disabilities Act regulations in new businesses. This federal law is an example of a component of the _____ environment.
Laura Childs found a charming old cottage in which to set up her herbal business and tea house, but the bathroom was not big enough for a wheelchair....
Which of the following is NOT a potential legal risk associated with traditional managerial decisions like recruiting, hiring, and firing employees?
Which of the following is NOT a potential legal risk associated with traditional managerial decisions like recruiting, hiring, and firing employees?a.negligent...
Which of the following is NOT a dimension of the political/legal component of the general environment that governs and regulates business behavior?
Which of the following is NOT a dimension of the political/legal component of the general environment that governs and regulates business behavior?a.legislationb.competitive...
Many urban areas have installed roadside cameras to record motorists running red lights and give tickets to those whose cars are photographed racing through the intersections. This attempt to save lives by getting people to drive more safely reflects a change in the __________ components of the general environment.
Many urban areas have installed roadside cameras to record motorists running red lights and give tickets to those whose cars are photographed racing through...
The popularity of natural, organic supermarkets such as Whole Foods Markets has negatively impacted the sales at Kroger, Albertsons, and Safeway supermarkets. The negative impact on sales was due to changes in the ______ environment.
The popularity of natural, organic supermarkets such as Whole Foods Markets has negatively impacted the sales at Kroger, Albertsons, and Safeway supermarkets....
When Hurricane Katrina pounded her way through the Gulf Coast, Orleans Parish, La., and Harrison County, Miss., were among the areas hardest hit. The counties, which are home to New Orleans and Biloxi, Miss., respectively, also share other traits. Data from the U.S. Census Bureau show that with median household incomes of about $31,000, they lag the national average of $44,684 by 44 percent. The _____ environments in those counties will influence the general environment of businesses that try to locate there.
When Hurricane Katrina pounded her way through the Gulf Coast, Orleans Parish, La., and Harrison County, Miss., were among the areas hardest hit. The...
Ten years ago, upper- and middle-class Chinese enjoyed various forms of hard liquor such as brandy, gin, and bourbon. Today, these same Chinese classes are ordering wine rather than hard liquor. This is an example of a change in the __________ component of the general environment of a distiller.
Ten years ago, upper- and middle-class Chinese enjoyed various forms of hard liquor such as brandy, gin, and bourbon. Today, these same Chinese classes...
Managers often prefer to use business confidence indices:
Managers often prefer to use business confidence indices:a.to identify sociocultural trendsb.as predictors of future economic activity when making business...
Home networking is predicted to be the wave of the future. Microprocessors can be used to run up to85 different appliances and such in the average home. You will be able to set a program to record a television show, check to see if you turned off your curling iron, turn on and off lights, and do hundreds of other similar tasks from wherever you happen to be. This change in the _____ environment will influence all kinds of businesses from appliance manufacturers to security systems.
Home networking is predicted to be the wave of the future. Microprocessors can be used to run up to85 different appliances and such in the average home....
Technology is the __________ used to transform inputs (raw materials, information, etc.) into outputs(goods or services).
Technology is the __________ used to transform inputs (raw materials, information, etc.) into outputs(goods or services).a.knowledge, tools, and techniques...
More premature babies than ever before are surviving due to improvements in medical knowledge and care. The __________ component of hospitals has influenced this improved survival rate.
More premature babies than ever before are surviving due to improvements in medical knowledge and care. The __________ component of hospitals has influenced...
A CEO who is considering opening a manufacturing business in the Dominican Republic would need to know that the country contains about 2.6 million laborers and has a 17 percent unemployment rate. Its unemployment rate would be part of the expanding business's _____ environment.
A CEO who is considering opening a manufacturing business in the Dominican Republic would need to know that the country contains about 2.6 million laborers...
White Castle is a fast-food restaurant chain that is famous for its small, square hamburgers. Which of the following would be a component of its general environment?
White Castle is a fast-food restaurant chain that is famous for its small, square hamburgers. Which of the following would be a component of its general...
Which of the following is a component of a local newspaper's general environment and will indirectly influence how it does business?
Which of the following is a component of a local newspaper's general environment and will indirectly influence how it does business?a.an Internet-based...
Changes in any sector of the general environment:
Changes in any sector of the general environment:a.will typically not impact most organizations b.tend to slow down how quickly an organization moves...
Which of the following is a component of the specific environment that would directly influence a museum's day-to-day operation?
Which of the following is a component of the specific environment that would directly influence a museum's day-to-day operation?a.other museums in the...
Legislation concerning the disposal of biological wastes, the development of more sophisticated imaging machines, and longer patient life spans would all be part of the __________ for a public hospital.
Legislation concerning the disposal of biological wastes, the development of more sophisticated imaging machines, and longer patient life spans would...
The __________ consists of the economy and the technological, sociocultural, and political/legal trends that indirectly affect all organizations.
The __________ consists of the economy and the technological, sociocultural, and political/legal trends that indirectly affect all organizations.a.economic...
Environmental __________ is affected by environmental complexity, change, and resources.
Environmental __________ is affected by environmental complexity, change, and resources.a.uncertaintyb.differentiationc.complexityd.essencee.entrepre...
Environmental __________ determines how well managers can understand or predict the external changes and trends affecting their businesses.
Environmental __________ determines how well managers can understand or predict the external changes and trends affecting their businesses.a.complexi...
________ is the degree to which an organization's external environment has an abundance or scarcity of critical organizational resources.
________ is the degree to which an organization's external environment has an abundance or scarcity of critical organizational resources.a.Environmental...
Imagine that a Venezuelan appliance manufacturer wants to export its refrigerators to Guatemala. Theknowledge that the distribution of income within Guatemala is highly unequal and about 75 percent of the population is below the poverty line would be a(n) __________ component in the manufacturer'sgeneral environment.
Imagine that a Venezuelan appliance manufacturer wants to export its refrigerators to Guatemala. Theknowledge that the distribution of income within Guatemala...
All events outside a company that have the potential to influence or affect it occur in the __________ environment.
All events outside a company that have the potential to influence or affect it occur in the __________ environment.a.specificb.externalc.formald.pote...
In terms of external organizational environments, the __________ environment affects all organizations while the __________ environment is unique to each company.
In terms of external organizational environments, the __________ environment affects all organizations while the __________ environment is unique to each...
What are the two types of external organizational environments?
What are the two types of external organizational environments?a.general and specificb.public and privatec.global and the nationald.organizational and...
In a very strong economy, where the demand for qualified job applicants exceeds the supply, the environmental characteristic of __________ is likely to be particularly salient for many companies.
In a very strong economy, where the demand for qualified job applicants exceeds the supply, the environmental characteristic of __________ is likely to...
A company facing a simple environment would:
A company facing a simple environment would:a.most likely be in the first stage of the environmental cycleb.exhibit proof of the punctuated equilibrium...
In terms of environmental complexity, __________ environments have few environmental factors, whereas __________ environments have many environmental factors.
In terms of environmental complexity, __________ environments have few environmental factors, whereas __________ environments have many environmental...
According to the __________, companies go through long, simple periods of environmental stability,followed by short, complex periods of dynamic, fundamental environmental change, finishing with areturn to environmental stability.
According to the __________, companies go through long, simple periods of environmental stability,followed by short, complex periods of dynamic, fundamental...
Through the rational management of resources and distribution of goods and services, scientific management helps ensure that business operations are efficient and effective.
Through the rational management of resources and distribution of goods and services, scientific management helps ensure that business operations are efficient...
George, who owns a small grocery store, has a reputation in the community as a tough manager. Many customers have heard George yell at his employees because he feels that workers today are lazy, lack ambition, and hate to work. George is a(n) ____ manager.
George, who owns a small grocery store, has a reputation in the community as a tough manager. Many customers have heard George yell at his employees because...
Maslow's hierarchy of human needs included ______.
Maslow's hierarchy of human needs included ______.1) physiological, financial, love, esteem, self-actualization2) financial, love, friends, self-actualization3)...
Pablo, a construction manager with employees working in Puerto Rico, is having a hard time with employee turnover. While speaking with his human resources manager, Avery, he says he does not understand why the workers come to work late, take longer lunches, and yet still punch out at five o'clock. He feels they should want to work to get the country back on its feet and do what it takes to get the job done. Based on this example, Pablo is most likely a(n) ________ manager.
Pablo, a construction manager with employees working in Puerto Rico, is having a hard time with employee turnover. While speaking with his human resources...
Victor works for a company that highly values performance-oriented traits, such as achieving a certain level of sales and increasing market share by a certain percentage. In analyzing this aspect of Victor's company, Geert Hofstede would examine the company's ________ dimension.
Victor works for a company that highly values performance-oriented traits, such as achieving a certain level of sales and increasing market share by a...
Which of the following statements is FALSE?
Which of the following statements is FALSE?Answer: The United States was the most competitive economy in 20...
Victor works for a company that highly values performance-oriented traits, such as achieving a certain level of sales and increasing market share by a certain percentage. In analyzing this aspect of Victor's company, Geert Hofstede would examine the company's ________ dimension.
Victor works for a company that highly values performance-oriented traits, such as achieving a certain level of sales and increasing market share by a...
Pietro, the vice president of marketing, is talking to Ryan, a sales manager in a foreign office, about several local situations that Ryan's reps are facing in their territory. Pietro tells Ryan that he believes there are differences and similarities between home and foreign personnel and practices, and that Ryan should use whatever techniques are most effective. Pietro is a(n) ________ manager.
Pietro, the vice president of marketing, is talking to Ryan, a sales manager in a foreign office, about several local situations that Ryan's reps are...
According to the GLOBE project, in-group collectivism refers to
According to the GLOBE project, in-group collectivism refers toAnswer: the extent to which people should take pride in being members of their family,...
A nation's culture is
A nation's culture isAnswer: the shared set of beliefs, values, knowledge, and patterns of behavior common to its peop...
Monochronic time is a
Monochronic time is aAnswer: preference for doing one thing at a ti...
According to Rosabeth Moss Kantor of the Harvard Business School, which three events of the 1980s paved the way for the global economy?
According to Rosabeth Moss Kantor of the Harvard Business School, which three events of the 1980s paved the way for the global economy?Answer: The...
Shrimpers in South Louisiana have accused China of selling shrimp in the United States at a lower price than U.S. suppliers. The goal of the Chinese, they argue, is to drive down the price of U.S. shrimp. The U.S. shrimpers are accusing the Chinese of
Shrimpers in South Louisiana have accused China of selling shrimp in the United States at a lower price than U.S. suppliers. The goal of the Chinese,...
_______ is a trading bloc consisting of 28 trading partners in Europe.
_______ is a trading bloc consisting of 28 trading partners in Europe.Answer: The European Un...
NAFTA and the EU are both
NAFTA and the EU are bothAnswer: trading blo...
The ________ is the law that makes it illegal for employees of U.S. companies to make "questionable" or "dubious" contributions to political decision makers in foreign nations.
The ________ is the law that makes it illegal for employees of U.S. companies to make "questionable" or "dubious" contributions to political decision...
Based on the text, many companies are interested in expanding globally in order to
Based on the text, many companies are interested in expanding globally in order toAnswer: gain access to supplies, new markets, and lower labor ...
In 1999, the top exporting nation was the United States, but in 2016, the world's top exporting nation was China.
In 1999, the top exporting nation was the United States, but in 2016, the world's top exporting nation was China.Answer: t...
________ is prevented by quotas.
________ is prevented by quotas.Answer: Dump...
The United States uses government regulations, such as tariffs, embargoes, and import quotas, to limit the import of goods and services and to protect U.S. industries against foreign competition. ________ is the use of these regulations.
The United States uses government regulations, such as tariffs, embargoes, and import quotas, to limit the import of goods and services and to protect...
According to the GLOBE project, in-group collectivism refers to
According to the GLOBE project, in-group collectivism refers toAnswer: the extent to which people should take pride in being members of their family,...
Countertrading is ________ goods for goods.
Countertrading is ________ goods for goods.Answer: barter...
Hayley, from California, arrived in Saudi Arabia and immediately noticed that the way Saudi men treat women is vastly different than the way men in the United States treat women. Hayley was feeling uncomfortable and disoriented because she was experiencing
Hayley, from California, arrived in Saudi Arabia and immediately noticed that the way Saudi men treat women is vastly different than the way men in the...
Wendy's Truffles makes quality desserts and sells its products to customers in other countries. Wendy's Truffles is ________ its products.
Wendy's Truffles makes quality desserts and sells its products to customers in other countries. Wendy's Truffles is ________ its products.Answer:&nbs...
A(n) ____ is a formal written set of ethical standards guiding an organization's actions.
A(n) ____ is a formal written set of ethical standards guiding an organization's actions.Answer: code of eth...
Which forces are part of the macroenvironment?
Which forces are part of the macroenvironment?Answer: Economic, technological, sociocultural, demographic, political-legal, and internatio...
Arielle, a successful banker and educator, has decided to retire, but she is very interested in staying involved with a company "that cares." So when asked to serve on its board of directors, she gladly accepted the invitation. As a member of the board, Arielle will be involved with the organization's
Arielle, a successful banker and educator, has decided to retire, but she is very interested in staying involved with a company "that cares." So when...
Tia and Sam are partners who solely own T and S Florist. As owners, they can
Tia and Sam are partners who solely own T and S Florist. As owners, they canAnswer: claim the organization as their legal proper...
An organization's internal stakeholders consist of
An organization's internal stakeholders consist ofAnswer: the board of directors, employees, and owne...
Rosemarie and Dominique, owners of Sugarplum Coffee and Pastry Shop, are concerned because Panera Bread is opening a new store just one mile from their shop. Rosemarie and Dominique know that Panera will be offering similar products; therefore, Panera Bread will be a(n) ________ of Rosemarie and Dominique.
Rosemarie and Dominique, owners of Sugarplum Coffee and Pastry Shop, are concerned because Panera Bread is opening a new store just one mile from their...
When a food distributor considers changing the products it markets in the southern states because of an increasing percentage of customers from Central and South America, it is examining the ____ forces at work in the southern United States.
When a food distributor considers changing the products it markets in the southern states because of an increasing percentage of customers from Central...
_____ guides the justice approach to deciding ethical dilemmas.
_____ guides the justice approach to deciding ethical dilemmas.Answer: Respect for impartial standards of fairness and equ...
The Sarbanes-Oxley Act of 2002 established requirements for ____. Noncompliance can result in penalties of
The Sarbanes-Oxley Act of 2002 established requirements for ____. Noncompliance can result in penalties ofAnswer: proper financial record keeping...
What mechanism is used to provide a systematic assessment of an organization's performance in implementing socially responsible programs, often based on predefined goals?
What mechanism is used to provide a systematic assessment of an organization's performance in implementing socially responsible programs, often based...
Fewer children are interested in learning how to play a musical instrument, and young people have less interest in owning cars. These two trends are examples of ____ forces at work.
Fewer children are interested in learning how to play a musical instrument, and young people have less interest in owning cars. These two trends are examples...
Ethics are defined as
Ethics are defined asAnswer: standards of right and wrong that influence behavi...
Which of the following is an example of a green policy or action?
Which of the following is an example of a green policy or action?Answer: Coca-Cola has pledged to replenish (return to nature) all the water it uses...
Mackenzie, a successful store manager, leads her employees by encouraging them and showing that she genuinely believes in them. She also encourages group and team efforts. Mackenzie manages at Kohlberg's _____ level of personal moral development.
Mackenzie, a successful store manager, leads her employees by encouraging them and showing that she genuinely believes in them. She also encourages group...
Every Saturday Mrs. Luo and hundreds of other shoppers visit Zion Market, a grocery store, to buy food for their home or business. These shoppers are _____ of Zion.
Every Saturday Mrs. Luo and hundreds of other shoppers visit Zion Market, a grocery store, to buy food for their home or business. These shoppers are...
Consider the following situation: Local livestock farmers could allow the runoff of manure nutrients into a stream that feeds a local lake because polluting the stream helps farmers in the short term. However, farmers will act ethically in the short run to avoid harming others in the long run because doing so is also in the farmer's best long-term interests. This type of thinking reflects the _____ approach to deciding ethical dilemmas.
Consider the following situation: Local livestock farmers could allow the runoff of manure nutrients into a stream that feeds a local lake because polluting...
An organization's internal stakeholders consist of
An organization's internal stakeholders consist ofAnswer: the board of directors, employees, and owne...
Outside directors are supposed to be elected yet many are handpicked by the CEO, creating the directors' lack of
Outside directors are supposed to be elected yet many are handpicked by the CEO, creating the directors' lack ofAnswer: independence from the C...
To increase profitability, top management of a national retailer needs to decide if it will close several stores. Management knows that by closing the locations, it will save the company millions of dollars and benefit many stockholder groups and individuals. The benefits of closing the stores outweigh the benefits of keeping them open. Keeping the stores open would be advantageous for many fewer people than closing the stores. This logic is an example of the ___ approach to deciding ethical dilemmas.
To increase profitability, top management of a national retailer needs to decide if it will close several stores. Management knows that by closing the...
Jose, a lobbyist who represents the oil industry, is meeting with several members of Congress to try to exert political influence by contributing funds to the lawmakers' election campaigns. Jose also is involved in a letter-writing campaign to promote his cause. Jose is working on behalf of a
Jose, a lobbyist who represents the oil industry, is meeting with several members of Congress to try to exert political influence by contributing funds...
As the CEO of a company that produces products for schools, Amber believes that her company needs not only to produce a profit but also to do things that benefit society. _______ guides Amber's beliefs.
As the CEO of a company that produces products for schools, Amber believes that her company needs not only to produce a profit but also to do things that...
Which of the following describes the system of corporate governance?
Which of the following describes the system of corporate governance?Answer: governing a company so that the interests of corporate owners and other...
The macroenvironment, also known as the _____ includes six forces.
The macroenvironment, also known as the _____ includes six forces.Answer: general environm...
Management science stresses the use of rational, science-based techniques and mathematical models to improve
Management science stresses the use of rational, science-based techniques and mathematical models to improveAnswer: decision making and strategic...
Gary Hamel suggests we need to look at management as a process and then make improvements and innovation
Gary Hamel suggests we need to look at management as a process and then make improvements and innovationAnswer: ongoing and systemat...
Chenglei, an IT manager, has been studying the actions that his workers perform in an attempt to improve their productivity. Chenglei is utilizing
Chenglei, an IT manager, has been studying the actions that his workers perform in an attempt to improve their productivity. Chenglei is utilizingAnswer: Scientific...
A computer manufacturer is seeking to cut costs by designing an inventory system that reduces the number of finished products in stock due to overproduction and to set in place a production schedule that better matches customers' orders. These plans are an example of ____ in action.
A computer manufacturer is seeking to cut costs by designing an inventory system that reduces the number of finished products in stock due to overproduction...
The classical viewpoint of management emphasized ways to
The classical viewpoint of management emphasized ways toAnswer: manage work more efficient...
The new chief information officer of a national fast food chain is using mathematical tools to aid in product ordering and scheduling decisions. The CIO is using
The new chief information officer of a national fast food chain is using mathematical tools to aid in product ordering and scheduling decisions. The CIO...
When a manager assesses a particular situation and decides what to do according to the individual and environmental situation, the manager is utilizing the ____ viewpoint.
When a manager assesses a particular situation and decides what to do according to the individual and environmental situation, the manager is utilizing...
Luka, who owns a small breakfast and salad bar, has a reputation in the community as a tough manager. Many customers have heard Luka yell at his employees because he feels that workers today are lazy, lack ambition, and hate to work. Luka is a(n) ____ manager.
Luka, who owns a small breakfast and salad bar, has a reputation in the community as a tough manager. Many customers have heard Luka yell at his employees...
______ suggested that organizations should be operated as "communities," with managers and subordinates working together in harmony. For example, in a publishing company run as a community, editors, editorial assistants, and publishers would work together to determine which books should be published.
______ suggested that organizations should be operated as "communities," with managers and subordinates working together in harmony. For example, in a...
For years Print and Copy, a copier machine supplier, enjoyed strong sales and a huge share of the copier market, far ahead of its nearest competitor. However, over the years, Print and Copy seldom asked customers for feedback. So when some of Print and Copy's competition responded to customers' needs and started offering copiers with new features (such as wireless printing from laptop and tablet computers), Print and Copy lost much of its market share. Print and Copy's system is best described as
For years Print and Copy, a copier machine supplier, enjoyed strong sales and a huge share of the copier market, far ahead of its nearest competitor....
The systems viewpoint regards the various parts making up the whole system as
The systems viewpoint regards the various parts making up the whole system asAnswer: subsyste...
Within his company, Vernon has set up a system with inputs, outputs, transformation processes, and feedback. He utilizes a management style that varies according to the individual and environmental situation, with a strategy for minimizing errors by managing each stage of production. Vernon is utilizing a _______ perspective.
Within his company, Vernon has set up a system with inputs, outputs, transformation processes, and feedback. He utilizes a management style that varies...
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a(n) _____ system.
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a(n) _____ system.Answer: differential...
According to proponents of the Hawthorne effect,
According to proponents of the Hawthorne effect,Answer: giving more attention to employees increases worker productivi...
Abraham Maslow proposed the
Abraham Maslow proposed theAnswer: hierarchy of producti...
To better meet corporate goals this year, Yumiko, a CEO, is encouraging her managers to focus on the major functions of management, which are
To better meet corporate goals this year, Yumiko, a CEO, is encouraging her managers to focus on the major functions of management, which areAnswer: planning,...
Sari, a movie theater manager, recently implemented a policy stating that workers who are willing to work a double shift on Friday or Saturday nights will earn a bonus on top of their regular pay. What is Sari implementing?
Sari, a movie theater manager, recently implemented a policy stating that workers who are willing to work a double shift on Friday or Saturday nights...
Joseph Juran defined quality as "fitness for use," which means that
Joseph Juran defined quality as "fitness for use," which means thatAnswer: a product or service should satisfy a customer's real nee...
Hugo Munsterberg is known as
Hugo Munsterberg is known asAnswer: the father of industrial psycholo...
Which disciplines does the field of behavioral science include?
Which disciplines does the field of behavioral science include?Answer: psychology, forensic science, sociology, anthropology, and econom...
Jasmine, a chef in a fine restaurant, utilizes top-of-the-line equipment as she prepares meals for customers. Jasmine and her equipment are a(n) ______ in the restaurant's system.
Jasmine, a chef in a fine restaurant, utilizes top-of-the-line equipment as she prepares meals for customers. Jasmine and her equipment are a(n) ______...
The Ryan family had a fire that destroyed their home. Various departments of a restoration company, from the initial cleanup crew to the assistance with the Ryan family moving back in, worked together to achieve this goal. All of the company's interrelated parts working together to accomplish a goal (in this case, the restoration of the Ryan home) is an example of a(n)
The Ryan family had a fire that destroyed their home. Various departments of a restoration company, from the initial cleanup crew to the assistance with...
The behavioral science approach relies on scientific research for developing theories about human behavior that can be
The behavioral science approach relies on scientific research for developing theories about human behavior that can beAnswer: used to provide practical...
Noah's Ark is a successful child care center. It focuses on actively developing, finding, and communicating new knowledge to its employees so that workers can modify their behavior to reflect this new knowledge. Noah's Ark is an example of a(n) _______ organization.
Noah's Ark is a successful child care center. It focuses on actively developing, finding, and communicating new knowledge to its employees so that workers...
The management of Omega Manufacturing is implementing a plan to minimize production mistakes by allowing teams that work in each area of the production facility to develop a plan and then monitor their area to ensure the reduction of errors. The managers are engaging in
The management of Omega Manufacturing is implementing a plan to minimize production mistakes by allowing teams that work in each area of the production...
Even for nonprofits, sooner or later there will be no organization without
Even for nonprofits, sooner or later there will be no organization withoutAnswer: custome...
Rochelle, the CEO of a Fortune 500 company, met with business leaders from the local community. Afterwards, she spent time informally answering their questions about the company. In answering these questions, which managerial role was Rochelle playing?
Rochelle, the CEO of a Fortune 500 company, met with business leaders from the local community. Afterwards, she spent time informally answering their...
According to Robert Katz, which three skills do managers develop through education and experience?
According to Robert Katz, which three skills do managers develop through education and experience?Answer: technical, conceptual, hu...
Being a manager can be one of the greatest avenues to a meaningful life, particularly if the manager
Being a manager can be one of the greatest avenues to a meaningful life, particularly if the managerAnswer: is working within a supportive or interesting...
When Clay, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. At first Clay thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. Clay was able to discover the cause of the problem by utilizing ________ skills.
When Clay, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low...
Cheyanne, the regional manager of a global sales organization, gives freedom to the sales representatives on the amount spent on gifts for prospective Asian and European customers. Cheyanne is managing for
Cheyanne, the regional manager of a global sales organization, gives freedom to the sales representatives on the amount spent on gifts for prospective...
To maintain a competitive advantage, the top management of a national furniture store made the decision to increase employee training, add rewards that motivate employees, and look at improving procedures related to disciplining workers. These decisions are made by managers who play a ________ role.
To maintain a competitive advantage, the top management of a national furniture store made the decision to increase employee training, add rewards that...
The city fire department offers its services to any individual within its city limits, so even Ken, who is driving through the city on vacation, received assistance with a car fire. The fire department is an example of a ________organization.
The city fire department offers its services to any individual within its city limits, so even Ken, who is driving through the city on vacation, received...
What do technical skills consist of?
What do technical skills consist of?Answer: job-specific knowledge needed to perform well in a specialized fi...
You work as the sales manager for a company that sells paper supplies to businesses of all sizes. Because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on all paper supplies from the manufacturers. When reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. When you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?
You work as the sales manager for a company that sells paper supplies to businesses of all sizes. Because the profit margins are razor-thin, you need...
When building a new residential development or mall, a national real estate organization typically does not remove many trees, basing its decision on the belief that natural resources are limited and the company must not compromise the ability of future generations to meet its own needs. To which philosophy is the company adhering
When building a new residential development or mall, a national real estate organization typically does not remove many trees, basing its decision on...
______ is the discipline concerned with creating computer systems that simulate human reasoning and sensation.
______ is the discipline concerned with creating computer systems that simulate human reasoning and sensation.Answer: Artificial intellige...
______ is the discipline concerned with creating computer systems that simulate human reasoning and sensation.
______ is the discipline concerned with creating computer systems that simulate human reasoning and sensation.Answer: Artificial intellige...
Justin, a college student, has become very interested in helping his community, so he is volunteering in a neighborhood improvement organization. This type of organization is an example of a(n) ________ organization.
Justin, a college student, has become very interested in helping his community, so he is volunteering in a neighborhood improvement organization. This...
Conceptual skills consist of the
Conceptual skills consist of theAnswer: ability to think analytically, to visualize an organization as a whole, and to understand how the parts work...
At times, customers have an unexpected need and require certain departments, such as production, to change their schedule to meet the demands of the sales department. When Shannon, the vice president of marketing, inspires the production team to put in the extra effort, she is playing a(n) ________ role.
At times, customers have an unexpected need and require certain departments, such as production, to change their schedule to meet the demands of the sales...
Because upper management must deal with problems that are ambiguous but that could have far-reaching consequences, ________ skills are particularly important for top managers.
Because upper management must deal with problems that are ambiguous but that could have far-reaching consequences, ________ skills are particularly important...
The general manager of a clothing store recently gave a motivational PowerPoint presentation to his employees on the value of being courteous to each customer. The manager's behavior is an example of
The general manager of a clothing store recently gave a motivational PowerPoint presentation to his employees on the value of being courteous to each...
Which is better: mindfulness or multitasking?
Which is better: mindfulness or multitasking?Answer: Mindfulness is better because you are focusing on one thing until it is complet...
Which one of the following is one way to think about management?
Which one of the following is one way to think about management?Answer: the art of getting things done through peo...
According to management scholar Henry Mintzberg, which three roles do managers play?
According to management scholar Henry Mintzberg, which three roles do managers play?Answer: interpersonal, informational, decisio...
What are the four principal functions of management?
What are the four principal functions of management?Answer: planning, organizing, leading, and controll...
Edgar is a chef and the kitchen manager in an upscale restaurant. He is very knowledgeable in both the culinary and restaurant management fields. Because he possesses these technical skills, Edgar can be considered a(n) ________ worker.
Edgar is a chef and the kitchen manager in an upscale restaurant. He is very knowledgeable in both the culinary and restaurant management fields. Because...
Research shows that ________ is a key trait of successful people.
Research shows that ________ is a key trait of successful people.Answer: resilie...
Emma, the marketing manager, is constantly seeking information about her competition while looking online or speaking to people. Emma is playing the ________ role.
Emma, the marketing manager, is constantly seeking information about her competition while looking online or speaking to people. Emma is playing the ________...
Subscribe to:
Posts (Atom)