MGT Exam 5

2 March 2024
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30 test answers

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In order to gain employee acceptance of useful performance standards, a manager can
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set standards that employees view as possible to achieve.
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_____ involves the use of pricing mechanisms and exchange relations to regulate activities in organizations as though they were economic transactions.
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Market control Market control involves the use of pricing mechanisms and exchange relations to regulate activities in organizations as though they were economic transactions.
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_____ provides managers with continuous feedback so that when plans are not carried out properly, managers can take steps to correct the problem.
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Control
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_____ does not assume that the interests of the organization and individuals naturally diverge.
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Clan Control Clan control does not assume that the interests of the organization and individuals naturally diverge. Instead it is based on the idea that employees may share the values, expectations, and goals of the organization and act in accordance with them
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_____ is a process wherein managers control work by dividing and simplifying tasks.
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Scientific management To increase output on an assembly line, managers in the past tried to identify the "one best way" to approach the work and then to monitor employees' activities to make certain that they followed standard operating procedures. In short, they controlled work by dividing and simplifying tasks, a process referred to as scientific management.
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Which of the following actions is recommended for managing in an empowered world?
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Incentive systems should reinforce teamwork.
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The _____ shows the financial picture of a company at a given time.
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Balance Sheet
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The _____ budget is used for the cost of fixed assets like plants and equipment.
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Capital
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_____ starts with the assumption that organizations are collections of people performing many different but related activities to satisfy customer needs.
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Activity-based costing
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Which of the following stages of budgetary control involves dealing with identifying what is being accomplished and comparing the results with expectancies?
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performing budgetary operations
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_____ refers to limiting measures to functional or departmental responsibilities rather than the organization's overall objectives.
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Provincialism
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The _____ states that control is enhanced by concentrating on the exceptions to, or significant deviations from, the expected result or standard.
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principle of exception
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_____ are the amounts the corporation owes to various creditors.
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Liabilities
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In computer-controlled production technology, the strategy of _____ is more efficient because deviations are controlled closer to their source.
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Operator Control In operator control, multiskilled operators can rectify their own problems as they occur. This strategy is more efficient because deviations are controlled closer to their source.
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_____ are designed to measure progress toward set performance goals, and if necessary, to apply corrective measures to ensure that performance meets objectives.
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Bureaucratic control systems
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______ are proactive "technology-push" innovators and have cultures that are outward-looking and opportunistic.
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Prospector firms Prospector firms are proactive "technology-push" innovators and have cultures that are outward-looking and opportunistic. Typically they have technology champions who articulate competitively aggressive, first-mover technological strategies.
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Which of the following is a logical extension of the sociotechnical philosophy of work design?
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workforce empowerment The sociotechnical approach redesigns tasks in a way that jointly optimizes the social and technical efficiency of work. Today's trends in bureaucracy bashing, lean and flat organizations, work teams, and workforce empowerment are logical extensions of the sociotechnical philosophy of work design.
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Employees in a manufacturing company are resisting the management's decision to introduce changes in the production process. They fear that they will lose their prominence and eventually their jobs if the management decides to alter the production process by installing new machineries. Which of the following reasons can be attributed to their resistance?
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Self-interest Most people will resist a change if they think it will cause them to lose something of value. The possible fears people face include loss of the feeling of being competent in a familiar job, expectations that the job will become more difficult or time-consuming, uncertainty about whether enough training or other resources will be provided for succeeding at the change, and doubts about the organization's future success, given that management wasn't satisfied with the status quo.
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In most situations, the simplest, easiest, and most cost-effective way to acquire new technology is to
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Purchase it In most situations this is the simplest, easiest, and most cost-effective way to acquire new technology.
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In the context of companies trying different strategic postures to compete in an uncertain future, _____ are those who try to change the structure of their industries, creating a future competitive landscape of their own design
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Shapers
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_____ is best described as responding to pressure after a problem has arisen.
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Reactive Change Reactive change means responding to pressure after a problem has arisen. It implies being a follower.
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Which of the following is true of the moving stage in the three-stage model for managing resistance to change?
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It begins with establishing a vision of where the company is heading.
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Even though there are many accounting software products available in the market, some people still resist utilizing them because they are comfortable with their old ways of manually preparing and maintaining their accounts. Which of the following is the reason for this resistance to change?
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Inertia Several reasons for resistance arise regardless of the actual content of the change, one of which is inertia. Usually people don't want to disturb the status quo. The old ways of doing things are comfortable and easy, so people don't want to shake things up and try something new.
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Which of the following is true of organization development (OD)?
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It involves an actual process of changing for the better and for the long term. The "systemwide" component of the definition means OD is not a narrow improvement in technology or operations but a broader approach to changing organizations, units, or people. The "behavioral science" component means OD is not focused directly on economic, financial, or technical aspects of the organization—although they may benefit through changes in the behavior of the people in the organization. The other key part of the definition—to develop, improve, and reinforce—refers to the actual process of changing for the better and for the long term.
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Which of the following is true of emerging technologies?
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Managers do not need to invest in them until they have been more fully developed.
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Which of the following is a function of product champions?
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They secure sponsorship for new ideas or an innovation within the organization. The product champion—often at the risk of his or her position and prestige—promotes the idea throughout the organization, searching for support and acceptance. If the champion lacks the power and financial resources to make the required changes independently, she or he must convince people in authority to support the innovation. In other words, product champions must get sponsorship.
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Which of the following helps organizations achieve sustained, superior performance?
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a culture that empowers people to innovate A culture that motivates, empowers people to innovate, rewards people appropriately (psychologically as well as economically), entails strong values, challenges people, and provides a satisfying work environment facilitates a sustained, superior performance within an organization.
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When compared to defender and analyzer firms, early adopters of new technologies tend to be
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more specialized Early adopters of new technologies tend to be larger, more profitable, and more specialized. As a result, they can absorb the risks associated with early adoption while profiting more from its advantages.
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_____ is change that affects the way outputs are produced.
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Process Innovation Process innovations are changes that affect the way outputs are produced. These include flexible manufacturing practices such as just-in-time, mass customization, and simultaneous engineering.
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Which of the following ways of acquiring new technology helps keep the technology proprietary-exclusive to the organization?
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Internal Development