MGMT 310 FINAL EXAM || Questions and 100% Verified Answers.
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Course
MGMT 310
Institution
MGMT 310
Which of the following best defines corporate-level strategy? correct answers The way a company seeks to create value through the configuration and coordination of multimarket activities
Which of the following statements is true about strategy formulation? correct answers Managers should engage ...
MGMT 310 FINAL EXAM || Questions and 100% Verified
Answers.
Which of the following best defines corporate-level strategy? correct answers The way a
company seeks to create value through the configuration and coordination of multimarket
activities
Which of the following statements is true about strategy formulation? correct answers Managers
should engage in environmental scanning on an ongoing basis.
Which of the following is the most important skill of a middle manager? correct answers
Interpersonal skills such as motivating and developing teams
A global strategy. correct answers attempts to provide a standardized product to all markets.
Which of the following statements best describes scientific management? correct answers It
focuses on how jobs, work, and incentive schemes could be designed to improve productivity
using industrial engineering methods.
Harry, a top manager of an organization, clearly differentiated the tasks and responsibilities of
his employees. Moreover, he emphasized that top level executives should do the planning and
the lower level executives should execute those plans. Identify the management technique used
by Harry. correct answers Bureaucratic organization structure
Which of the following individuals is a best example of a frontline supervisor? correct answers A
person who focuses on technical issues to ensure that operations are running smoothly
Which of the following statements best describes multinational strategies? correct answers They
are used by firms when it is important to be responsive and sensitive to local needs and tastes.
The factor that distinguishes owners from the board of directors is that. correct answers the
owners maintain legal control of the organization.
The fourth largest regional trading group, MERCOSUR, comprises the countries of: correct
answers Argentina, Brazil, Paraguay, Uruguay, and Venezuela.
Identify a benefit provided by an effective mission statement. correct answers It defines the
purpose of the company.
Which of the following statements about the three pillars of management is true? correct answers
The interplay of strategy, organizational design, and individual action operates within a broad
contextual landscape.
A firm's task environment includes. correct answers competitors, suppliers, and customers
, A firm's ethical responsibilities are. correct answers behaviors the general population expects
Milton Friedman believed that a firm's exclusive duty is to. correct answers maximize its profits
within the law
The factor that distinguishes leadership from management is that. correct answers leadership is
the ability to drive change through motivation.
Justice helps countries set up rules through political legislation and enforce the rules fairly
through court systems. correct answers Procedural
Which of the following statements best describes a business-level strategy? correct answers The
determination of how a company will compete in a given business and position itself among its
competitors.
An emergent component of a firm's strategy. correct answers makes it flexible and adaptable to
changing environmental conditions.
Which of the following is a direct benefit derived from CSR? correct answers CSR enables a
company to build its brand value.
The factor that distinguishes human relations movement from scientific management is that
human relations movement. correct answers emphasized the importance of informal social
relations at work.
The factor that distinguishes an internal environment of an organization from an external
environment is that. correct answers the internal environment includes owners, the board of
directors, employees, and culture.
Jake, a corporate accountant, works for a manufacturing firm. During an annual accounts review,
he noticed that there were certain discrepancies in the accounts. He knew that the top
management was involved in manipulation of accounts and reported this to the federal
authorities. In this scenario, Jake is. correct answers engaged in whistle-blowing
The members of a particular society in Rhodia often find it hard to adapt themselves to the
changing situations. Therefore, they prefer to follow standard rules and procedures in an attempt
to reduce the occurrences of any anxiety causing situations. Which of the following Hofstede's
social dimensions is described in the above example? correct answers Uncertainty avoidance
A scientist receives a yearly grant from a pharmaceutical company that funds research on a new
cancer drug. After conducting the research, the scientist learns that the new cancer drug is a less
effective when compared to many other cancer drugs in the market. After the scientist shares this
information with the company, they encourage him to "reanalyze the data" in order to find
different results favorable to the pharmaceutical company. The company also suggests that if
different results are not found they will withdraw all research funding from the scientist. Which
of the following is the scientist facing? correct answers A conflict of interest
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