texes 14FABUS300350 PRIN OF MGT -exam 2

14FABUS300350 PRIN OF MGT
• Question
1
2 out of 2 points

Decision makers who
“cherry-pick” information that matches what they already know are
guilty of confirmation bias.
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Answer:

• Question
2
2 out of 2 points

Which of the following is the
most effective number of people to have in a group?
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• Question
3
2 out of 2 points

In forward vertical integration,
a company becomes its own ________, while in backward vertical integration, the
company is its own ________.
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Answer:

• Question
4
2 out of 2 points

A sneaker company creating its
own stores where it sells only its own brand is an example of which of the
following?
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Answer:

• Question
5
2 out of 2 points

Which of the following is a
frequently cited criticism of formal planning?
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Answer:

• Question
6
2 out of 2 points

Functional departmentalization
groups jobs by ________.
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Answer:

• Question
7
0 out of 2 points

Which of the following is used
exclusively to generate creative ideas in a group setting?
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• Question
8
0 out of 2 points

When a top manager decides to
hire an individual over the objections of her staff, she is exercising which
kind of power?
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• Question
9
0 out of 2 points

Groups decisions are usually
________ individual decisions.
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• Question
10
2 out of 2 points

In the chain of command, each
person above you ________.
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• Question
11
0 out of 2 points

Emotions and feelings ________
decision making.
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• Question
12
2 out of 2 points

Liquidity is a measure of an
organization’s ability to access cash to meet its debt obligations.
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• Question
13
2 out of 2 points

When dealing with international
organizations, managers must be ________ in order to accommodate the managing
styles of different cultures.
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• Question
14
2 out of 2 points

A bank manager who passes out
bonuses at the end of the year is exercising this.
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• Question
15
2 out of 2 points

A scientist cites two studies
that show a positive effect for her drug and ignores five other studies that
show a negative effect. Which error or bias is she committing?
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Answer:

• Question
16
2 out of 2 points

The chain of command answers this
question.
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• Question
17
2 out of 2 points

Decisions, Decisions (Scenario)

Sondra needed help. Her insurance company’s rapid growth was
necessitating making some IT changes, but what changes? Should they modify the
servers that they currently used or purchase an entirely new system? Sondra was
confused and needed help in making the correct decision.

Sondra has decided to purchase a new system. After obtaining
permission, she has ordered the system from a reputable company. Which stage of
the decision-making process is she carrying out in making the order?
Selected
Answer: implementing the
alternative

• Question
18
2 out of 2 points

In a decision tree, which of the
following is true?
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Answer:

• Question
19
2 out of 2 points

The decision tree shows the
profit outcomes for a sandwich shop in a strong and a weak economy. If the
economy is strong, the shop is likely to make an $80,000 profit.

• Question
20
0 out of 2 points

A manager has a choice of three
bank CDs that pay different amounts of interest over different time periods.
The manager is operating under which condition?
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• Question
21
2 out of 2 points

A manager can faithfully execute
the decision-making process but still end up with nothing of value if ________.
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• Question
22
2 out of 2 points

In informal planning, goals are
usually ________ shared with others in the organization.
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• Question
23
2 out of 2 points

Which of the following is
synonymous with work specialization?
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• Question
24
2 out of 2 points

Most managerial decisions include
an element of risk.
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Answer:

• Question
25
2 out of 2 points

The decision tree shows the
profit outcomes for a coffee shop in a strong and a weak economy for next year.
What is the probability that the economy will be weak in the coming year?

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Answer:

• Question
26
2 out of 2 points

A soap company that features a
bath soap department, a laundry detergent department, and a dish soap
department is using which of the following?
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Answer:

• Question
27
0 out of 2 points (Extra Credit)

Taco Rocket (Scenario)

Imagine that you are the president of Taco Rocket, a new and
successful chain of 8 Mexican fast-food restaurants. The success you have
experienced in the last 5 years has you thinking of what to do with the business
next. Should you expand the business at the current rate? Open new and
different restaurants? What?

For a limited time, Taco Rocket is thinking of coming out
with a new Fifth Degree Burrito that is so hot it “burns a hole in the
plate.” Catering to the small segment of the market that likes super-hot
food is an example of a ________.
Selected
Answer: cost leader strategy

• Question
28
0 out of 2 points

Group decisions tend to provide
more complete information than individual decisions.
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Answer:

• Question
29
2 out of 2 points

Which three conditions do
decision makers face?
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Answer:

• Question
30
2 out of 2 points

Which of the following is an
example of a strategic goal for a professional baseball team?
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Answer:

• Question
31
2 out of 2 points

An internal analysis, the third
step of the strategic management process helps identify ________.
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Answer:

• Question
32
2 out of 2 points

Sticking to a decision despite
evidence that it is a mistake is called ________.
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Answer:

• Question
33
2 out of 2 points

The first step in the six-step
strategic management process is to ________.
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Answer:

• Question
34
2 out of 2 points

Line authority gives a manager
the ability to direct the work of ________.
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Answer:

• Question
35
2 out of 2 points

Which of the following is NOT
allowed in a brainstorming session?
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Answer:

• Question
36
2 out of 2 points

Which statement accurately
defines work specialization?
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Answer:

• Question
37
0 out of 2 points

The personal secretary of a top
manager may have ________.
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Answer:

• Question
38
0 out of 2 points

One legislator sees decreased tax
revenue as the key problem in the budget. A second legislator sees increased
spending as the problem. Each of these legislators has a(n) ________.
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Answer:

• Question
39
0 out of 2 points

In a condition of certainty,
________.
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• Question
40
2 out of 2 points

In decision making, a problem can
be defined as a discrepancy between what exists and what the problem solver
desires to exist.

• Question
41
0 out of 2 points

Individualistic countries like
the United States tend to have ________ than group-oriented countries like
Japan.
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Answer:

• Question
42
2 out of 2 points

Decisions, Decisions (Scenario)

Sondra needed help. Her insurance company’s rapid growth was
necessitating making some IT changes, but what changes? Should they modify the
servers that they currently used or purchase an entirely new system? Sondra was
confused and needed help in making the correct decision.

According to the decision-making process, the first step
Sondra should take is to ________.
Selected
Answer:

• Question
43
2 out of 2 points

SWOT analysis identifies and
analyzes an organization’s ________.
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Answer:

• Question
44
2 out of 2 points

Which of the following is NOT a
function of planning?
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Answer:

• Question
45
2 out of 2 points

A manager is determining what
kind of new computers she should purchase for her department. She has made a
list of five different computer models for consideration. Which stage of the
decision-making process is this?
Selected
Answer:

• Question
46
2 out of 2 points

Taco Rocket (Scenario)

Imagine that you are the president of Taco Rocket, a new and
successful chain of 8 Mexican fast-food restaurants. The success you have
experienced in the last 5 years has you thinking of what to do with the
business next. Should you expand the business at the current rate? Open new and
different restaurants? What?

Recently, Taco Rocket has considered buying a local
competitor and the two would combine under the Taco Rocket name. This is an
example of which of the following?
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Answer:

• Question
47
2 out of 2 points

State motor vehicle offices usually
use this kind of departmentalization.
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Answer:

• Question
48
2 out of 2 points

A manager uses break-even
analysis to find out how many units of a product he needs to sell to make a
profit of zero.

• Question
49
2 out of 2 points

An external analysis, the second
step of the strategic management process, helps identify ________.
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Answer:

• Question
50
2 out of 2 points

A person who satisfices fails to
________.
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Answer:

• Question
51
2 out of 2 points

Taco Rocket (Scenario)

Imagine that you are the president of Taco Rocket, a new and
successful chain of 8 Mexican fast-food restaurants. The success you have
experienced in the last 5 years has you thinking of what to do with the
business next. Should you expand the business at the current rate? Open new and
different restaurants? What?

You are thinking of buying a tortilla factory in a nearby
state. This action would be an example of ________.
Selected
Answer: