BUSMHR 2292 - OSU Midterm 1 Questions and Answers New (2024/2025) Solved 100% Correct
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Course
BUSMHR 2292 - OSU
Institution
BUSMHR 2292 - OSU
What is the halo effect? - ️️giving more credit than due based on outstanding
performance in one aspect
What is the forming stage? - ️️just meeting team, high reliance on a leader, people
don't know their roles
How do you google search with a country code? - ️️site: country code
Wh...
BUSMHR 2292 - OSU Midterm 1
What is the halo effect? - ✔️✔️giving more credit than due based on outstanding
performance in one aspect
What is the forming stage? - ✔️✔️just meeting team, high reliance on a leader, people
don't know their roles
How do you google search with a country code? - ✔️✔️site: country code
What does SWOT Analysis stand for? - ✔️✔️Strengths, weaknesses, opportunities,
threats
What is Wolfram Alpha? - ✔️✔️knowledge engine that compares two subjects
What is the purpose of a SWOT analysis? - ✔️✔️understand how internal conditions
contribute to an organization's strengths and weaknesses
What are the five stages of Tuckman's model? - ✔️✔️Form, storm, norm, perform,
adjourn
What is the storming stage? - ✔️✔️members are dividing roles up
What is the norming stage? - ✔️✔️begin to understand members'
strengths/weaknesses, reliance on a leader decreases
What is the performing stage? - ✔️✔️delivering consistent positive results
What is the adjourning stage? - ✔️✔️group departs
Automazation - ✔️✔️incentive for lower prices
What is social loafing? - ✔️✔️hiding in a large group where dependability and clarity is
more difficult
What is "group think"? - ✔️✔️a dominating leader throws out an idea and everyone
goes along with it
, What are the five levels to team pitfalls (base to top)? - ✔️✔️Absence of trust, fear of
conflict, lack of commitment, avoidance of accountability, inattention to results
What is the unconscious bias? - ✔️✔️making biases without even knowing
What is the confirmation bias? - ✔️✔️stereotype you seek out so you're right
What is the beauty bias? - ✔️✔️attractive people do better and are favored
What is the affinity bias? - ✔️✔️attraction due to association with the same groups
What is the horn effect? - ✔️✔️giving less credit than due based on poor performance
in one aspect
What is the attribution bias? - ✔️✔️something positive happens and claim it was
because of you, but attribution goes to others when things go bad
What is the recency effect? - ✔️✔️last thing sticks out more
What are the factors of production? - ✔️✔️land, labor, capital, entrepreneurs,
knowledge
What is an economic system? - ✔️✔️means by which countries and government
distributes resources and trades g/s
What is a planned economy? - ✔️✔️government decides how FOP are used
What is a market economy? - ✔️✔️people decide how FOP are used
What is a mixed economy? - ✔️✔️combination of market and planned
How do we reaffirm capitalism? - ✔️✔️return to conducting business with virtue,
restore values
2 ways we measure the health of the economy - ✔️✔️GDP and unemployment
What does a U6 include that U3 doesn't? - ✔️✔️includes those who are not actively
looking for work but want work and those who are working part-time and want more
work
What is crowd funding? - ✔️✔️Kickstarter
What are angel investors? - ✔️✔️group of high wealth investors at an early stage
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