Multiple Choice and Short Answer Questions
Question 1. 1. (TCO 1) One example of a firm studying its
_____ is an annual assessment of the labor supply available to the company.
(Points : 5)
organizational
culture
internal
environment
external
environment
organizational
mission
Question 2. 2. (TCO 2) A company that is doing an analysis
of its physical assets is doing what sections of a SWOT? (Points : 5)
Threats
Opportunities
Internal
External
Question 3. 3. (TCO 3) A leader who wants to encourage
ethics within the company should do all of the following EXCEPT (Points : 5)
be a good role
model by being ethical and honest.
be willing to
admit personal failures.
communicate
personal values with employees.
hide information.
Question 4. 4. (TCO 4) _____ is the attitude in which
managers use a global view and look for the best approaches and people
regardless of origin. (Points : 5)
Monolingualism
Parochialism
Ethnocentric
attitude
Geocentric
attitude
Question 5. 5. (TCO 5) You have decided to become a small
business owner. On your business plan, you state that the business will offer
exceptional customer service while providing locally grown vegetables and
fruits that are organically grown. What part of the business plan does this
represent? (Points : 5)
A strategic
goal
An operational
plan
A mission
statement
A strategic
plan
Question 6. 6. (TCO 6) An organization or an entrepreneur
can look for opportunities in different external areas, according to Peter
Drucker. When the opportunity is due to a change by altering the types and
quantities of products and services desired and customers’ buying power, this
is _____. (Points : 5)
industry and
market structure changes
demographics
changes
perception
change
the unexpected
or unanticipated change
Question 7. 7. (TCO 1) Give the three critical management
skills used by a manager. Describe the extent to which the skills are used by
different managerial levels. (Points : 10)
Question 8. 8. (TCO 2) Identify and comment on three
organizational stakeholders. (Points : 10)
Question 9. 9. (TCO 3) Give five of the factors that
determine whether an individual will be unethical or ethical in a situation.
Give a short definition of each of the factors. (Points : 10)
Question 10. 10. (TCO 4) Briefly describe the four different
types of international organizations. (Points : 10)
Question 11. 11. (TCO 7) Give the six elements that are
involved in organizational design. Briefly define each. (Points : 10)
Page: 1 2
Essay Questions
Question 1. 1. (TCO 4) Explain how the International
Monetary Fund and the World Bank support and promote global business. (Points :
15)
Question 2. 2. (TCO 5) Identify a company and write a brief
SWOT analysis for that company. (Points : 15)
Question 3. 3. (TCO 6) Describe three major important roles
of entrepreneurship in the American economy. (Points : 15)
Question 4. 4. (TCO 7) The business world today is
increasingly complex and variable in virtually every country and industry.
Thus, organizations must become more organic. How do you define an organic
organization and a mechanistic organization? What are some of the outcomes that
companies will experience as they become more organic and less mechanistic? Be
sure to include both positive and negative outcomes. (Points : 15)
Multiple Choice and Short Answer QuestionsQuestion 1. 1. (TCO 1) One example of a firm studying its
_____ is an annual assessment of the labor supply available to the company.
(Points : 5) organizational
culture internal
environment external
environment organizational
missionQuestion 2. 2. (TCO 2) A company that is doing an analysis
of its physical assets is doing what sections of a SWOT? (Points : 5) Threats Opportunities Internal ExternalQuestion 3. 3. (TCO 3) A leader who wants to encourage
ethics within the company should do all of the following EXCEPT (Points : 5) be a good role
model by being ethical and honest. be willing to
admit personal failures. communicate
personal values with employees. hide information.Question 4. 4. (TCO 4) _____ is the attitude in which
managers use a global view and look for the best approaches and people
regardless of origin. (Points : 5) Monolingualism Parochialism Ethnocentric
attitude Geocentric
attitudeQuestion 5. 5. (TCO 5) You have decided to become a small
business owner. On your business plan, you state that the business will offer
exceptional customer service while providing locally grown vegetables and
fruits that are organically grown. What part of the business plan does this
represent? (Points : 5) A strategic
goal An operational
plan A mission
statement A strategic
planQuestion 6. 6. (TCO 6) An organization or an entrepreneur
can look for opportunities in different external areas, according to Peter
Drucker. When the opportunity is due to a change by altering the types and
quantities of products and services desired and customers’ buying power, this
is _____. (Points : 5) industry and
market structure changes demographics
changes perception
change the unexpected
or unanticipated changeQuestion 7. 7. (TCO 1) Give the three critical management
skills used by a manager. Describe the extent to which the skills are used by
different managerial levels. (Points : 10) Question 8. 8. (TCO 2) Identify and comment on three
organizational stakeholders. (Points : 10) Question 9. 9. (TCO 3) Give five of the factors that
determine whether an individual will be unethical or ethical in a situation.
Give a short definition of each of the factors. (Points : 10) Question 10. 10. (TCO 4) Briefly describe the four different
types of international organizations. (Points : 10) Question 11. 11. (TCO 7) Give the six elements that are
involved in organizational design. Briefly define each. (Points : 10) Page: 1 2 Essay QuestionsQuestion 1. 1. (TCO 4) Explain how the International
Monetary Fund and the World Bank support and promote global business. (Points :
15) Question 2. 2. (TCO 5) Identify a company and write a brief
SWOT analysis for that company. (Points : 15) Question 3. 3. (TCO 6) Describe three major important roles
of entrepreneurship in the American economy. (Points : 15) Question 4. 4. (TCO 7) The business world today is
increasingly complex and variable in virtually every country and industry.
Thus, organizations must become more organic. How do you define an organic
organization and a mechanistic organization? What are some of the outcomes that
companies will experience as they become more organic and less mechanistic? Be
sure to include both positive and negative outcomes. (Points : 15)
