(MGT490 20353 Spring 2015)Assignment:Chapter 09 Quiz1.award:10 out of10.00 pointsIn order to minimize the temptation for managers to act in their own self-interest, governance mechanisms exist for implementationconsideration. Which of the following is a primary means for monitoring managerial behavior?a board of directors that acts in the best interests of shareholders to create short-term value a board of directors that acts in the best interests of shareholders to create long-term valuestakeholder activism in which participants view themselves as shareholdersmanagerial incentives to align management interests with those of the board of directors2.award:10 out of10.00 pointsIn choosing sides concerning CEO duality, two schools of thought exist. Which of the following would be a consideration for the Unity ofCommand school of thought?CEO duality leads to confusion in the decision-making process.CEO duality decreases the responsiveness of the leadership to shareholder needs. CEO duality results in improved leadership efficiency and effectiveness.CEO duality does not provide clear focus on objectives and operations.3.award:10 out of10.00 pointsExternal governance control mechanisms include __________ and ________________.public activists; competitorsanalysts; auditors market for corporate control; governmental regulatory bodiesmedia; competitors4.award:10 out of10.00 pointsAs firms simultaneously downsize and face the need for increased coordination across organizational boundaries, a control system basedprimarily on boundaries and constraints would be ___________.effective dysfunctionalidealrecommended5.award:10 out of10.00 pointsContemporary approaches to strategic control rely primarily on _______ learning.comparative learning double-loopcontrolledsingle-loop6.award:10 out of10.00 pointsOnce a strong and healthy organizational culture has been established, it must be maintained in order to be effective.True False7.award:10 out of10.00 pointsBehavioral controls are aspects of strategic change that involve finding the appropriate balance and ________ among the culture, rewards, andboundaries of the firm.measureperformance alignmentoutcome8.award:10 out of10.00 pointsBehavioral control is primarily concerned with whether or not the organization is doing the right things.True False9.award:10 out of10.00 pointsCentral to agency theory is the concern with problems that can arise between the principals who are the owners of the firm and the agents whoare the people who are paid by outside consultants to perform a job on their behalf.True False10.award:10 out of10.00 pointsStrategic control systems cannot correct the performance and ultimate strategy of a firm. TrueFalse11.award:10 out of10.00 pointsThe traditional approach to strategic control is sequential. Which of the following is not one of the steps in the sequence?Performance is measured against the predetermined goal.Strategies are formulated and top management sets goals. Lower and middle management set strategic corporate goals.Strategies are implemented.12.award:10 out of10.00 pointsChanges in board of director configurations since 1987 indicate that board directors were paid less in 2011, were older, were likely to be femaleand were independent from the company (not insiders).True False13.award:10 out of10.00 pointsFor businesses facing complex and turbulent business environments, which of the following is true?Goals and objectives that are uncertain prevent opportunism.Complacency about predetermined milestones can prevent adaptability.Detailed plans are needed to maintain order. Traditional strategic controls are more appropriate for stable environments.14.award:10 out of10.00 pointsWhich of the following is an example of how organizational culture exerts behavioral control? Culture sets implicit boundaries that encourage individual identification with the organization objectives.Culture discourages individual identification with the organization by creating a framework of shared values.Culture sets explicit boundaries that discourage individual identification with the organization objectives.Culture sets a framework of shared values that discourages individual identification with the organization objectives.15.award:10 out of10.00 pointsFor firms competing in highly stable industries, traditional strategic controls are most appropriate. TrueFalse16.award:10 out of10.00 pointsDouble-loop learning enhances the ability of the organization to respond with speed and flexibility. TrueFalse17.award:10 out of10.00 pointsIn the contemporary approach to control systems, benefits of continuous monitoring include ___________.organization response time is increasedorganizational flexibility is reducedtime lags are dramatically increased early detection of changes in the competitive environment18.award:10 out of10.00 pointsThe primary participants in corporate governance, according to Monks and Minow, are all of the stakeholders, board of directors, andemployees.True False19.award:10 out of10.00 pointsSales quotas, operating budgets, and production schedules are examples of contemporary controls.True False20.award:10 out of10.00 pointsPrimary participants in corporate governance are __________, _________, and __________.employees; management; board of directors shareholders; management; board of directorsCEO; outside stakeholders; board of directorsmanagement; stakeholders; community21.award:10 out of10.00 pointsBehavioral controls involve the appropriate balance and alignment among the culture, rewards, and boundaries of a firm. TrueFalse22.award:10 out of10.00 pointsWhat happens when subcultures emerge that have shared values opposite from the dominant culture of an organization? Individuals lose sight of overall goals and begin working at cross-purposes.Information is likely to be shared more easily.Organizational cohesiveness tends to increase.Individuals gain a better understanding of the overall goals of the organization.23.award:10 out of10.00 pointsInformational control systems are concerned with which of the following? Is the organization doing what is right?Is the organization doing things correctly?Are rules and regulations being followed?Is the organization viable?24.award:10 out of10.00 pointsCalPERS, the California Public Employees Retirement System, manages over 240 billion dollars in assets. As an example of shared activism,they review all short- and long-term performance figures for each of the firms in which they invest and then work to ensure shareholder rightsby forcing the companies to change their business strategy.True False25.award:10 out of10.00 pointsThe collective sum of individual behaviors of the employees of an organization does not always result in what is best for the organization. TrueFalse(MGT490 20353 Spring 2015)Assignment:Chapter 09 Quiz1.award:10 out of10.00 pointsIn order to minimize the temptation for managers to act in their own self-interest, governance mechanisms exist for implementationconsideration. Which of the following is a primary means for monitoring managerial behavior?a board of directors that acts in the best interests of shareholders to create short-term value a board of directors that acts in the best interests of shareholders to create long-term valuestakeholder activism in which participants view themselves as shareholdersmanagerial incentives to align management interests with those of the board of directors2.award:10 out of10.00 pointsIn choosing sides concerning CEO duality, two schools of thought exist. Which of the following would be a consideration for the Unity ofCommand school of thought?CEO duality leads to confusion in the decision-making process.CEO duality decreases the responsiveness of the leadership to shareholder needs. CEO duality results in improved leadership efficiency and effectiveness.CEO duality does not provide clear focus on objectives and operations.3.award:10 out of10.00 pointsExternal governance control mechanisms include __________ and ________________.public activists; competitorsanalysts; auditors market for corporate control; governmental regulatory bodiesmedia; competitors4.award:10 out of10.00 pointsAs firms simultaneously downsize and face the need for increased coordination across organizational boundaries, a control system basedprimarily on boundaries and constraints would be ___________.effective dysfunctionalidealrecommended5.award:10 out of10.00 pointsContemporary approaches to strategic control rely primarily on _______ learning.comparative learning double-loopcontrolledsingle-loop6.award:10 out of10.00 pointsOnce a strong and healthy organizational culture has been established, it must be maintained in order to be effective.True False7.award:10 out of10.00 pointsBehavioral controls are aspects of strategic change that involve finding the appropriate balance and ________ among the culture, rewards, andboundaries of the firm.measureperformance alignmentoutcome8.award:10 out of10.00 pointsBehavioral control is primarily concerned with whether or not the organization is doing the right things.True False9.award:10 out of10.00 pointsCentral to agency theory is the concern with problems that can arise between the principals who are the owners of the firm and the agents whoare the people who are paid by outside consultants to perform a job on their behalf.True False10.award:10 out of10.00 pointsStrategic control systems cannot correct the performance and ultimate strategy of a firm. TrueFalse11.award:10 out of10.00 pointsThe traditional approach to strategic control is sequential. Which of the following is not one of the steps in the sequence?Performance is measured against the predetermined goal.Strategies are formulated and top management sets goals. Lower and middle management set strategic corporate goals.Strategies are implemented.12.award:10 out of10.00 pointsChanges in board of director configurations since 1987 indicate that board directors were paid less in 2011, were older, were likely to be femaleand were independent from the company (not insiders).True False13.award:10 out of10.00 pointsFor businesses facing complex and turbulent business environments, which of the following is true?Goals and objectives that are uncertain prevent opportunism.Complacency about predetermined milestones can prevent adaptability.Detailed plans are needed to maintain order. Traditional strategic controls are more appropriate for stable environments.14.award:10 out of10.00 pointsWhich of the following is an example of how organizational culture exerts behavioral control? Culture sets implicit boundaries that encourage individual identification with the organization objectives.Culture discourages individual identification with the organization by creating a framework of shared values.Culture sets explicit boundaries that discourage individual identification with the organization objectives.Culture sets a framework of shared values that discourages individual identification with the organization objectives.15.award:10 out of10.00 pointsFor firms competing in highly stable industries, traditional strategic controls are most appropriate. TrueFalse16.award:10 out of10.00 pointsDouble-loop learning enhances the ability of the organization to respond with speed and flexibility. TrueFalse17.award:10 out of10.00 pointsIn the contemporary approach to control systems, benefits of continuous monitoring include ___________.organization response time is increasedorganizational flexibility is reducedtime lags are dramatically increased early detection of changes in the competitive environment18.award:10 out of10.00 pointsThe primary participants in corporate governance, according to Monks and Minow, are all of the stakeholders, board of directors, andemployees.True False19.award:10 out of10.00 pointsSales quotas, operating budgets, and production schedules are examples of contemporary controls.True False20.award:10 out of10.00 pointsPrimary participants in corporate governance are __________, _________, and __________.employees; management; board of directors shareholders; management; board of directorsCEO; outside stakeholders; board of directorsmanagement; stakeholders; community21.award:10 out of10.00 pointsBehavioral controls involve the appropriate balance and alignment among the culture, rewards, and boundaries of a firm. TrueFalse22.award:10 out of10.00 pointsWhat happens when subcultures emerge that have shared values opposite from the dominant culture of an organization? Individuals lose sight of overall goals and begin working at cross-purposes.Information is likely to be shared more easily.Organizational cohesiveness tends to increase.Individuals gain a better understanding of the overall goals of the organization.23.award:10 out of10.00 pointsInformational control systems are concerned with which of the following? Is the organization doing what is right?Is the organization doing things correctly?Are rules and regulations being followed?Is the organization viable?24.award:10 out of10.00 pointsCalPERS, the California Public Employees Retirement System, manages over 240 billion dollars in assets. As an example of shared activism,they review all short- and long-term performance figures for each of the firms in which they invest and then work to ensure shareholder rightsby forcing the companies to change their business strategy.True False25.award:10 out of10.00 pointsThe collective sum of individual behaviors of the employees of an organization does not always result in what is best for the organization. TrueFalse
