3. Team results in the Farm Supply Game suggest that increasing market share alw

Question

3. Team results in the Farm Supply Game suggest that increasing market share always translates into increased profits. True /False Transformational leadership relinquishes all decision-making to followers so the group decides what to do. 4. True Fals 5. Human resource management involves only the organizing task of management True False 6. Maslow's needs hierarchy is based on the idea that different kinds of needs have different levels of importance to individuals according to the individuals current level of satisfaction. True False Theory X assumes people are motivated to achieve goals to which they are committed. 7· True False The best form of motivation is negative criticism in front of the employee's peers. 9. True False Section III-Multiple Choice-45 pts. Circle the correct answer. 1. Key decision criteria related to risk management planning includes (a) Safety-first rule (b) Production risk (c) Attitude toward risk (d) Product diversification 2. A risk-loving manager would most likely choose the altermative with the following expected value (a) EV .10(10,000)+90(100) $1,090 (b) Ev-.80(1,000) + .20(900) = $980 (c) EV- .60 (1,000)+ 40900) $960 (d) None of the above 3. Risk management strategies carn (a) Reduce risk within the operation (b) Transfer risk outside the operation (c) All of the above (d) None of the above

Explanation / Answer

3 Context missing 4 FALSE As they take full control and do not let the group decide 5 FALSE It deals with organizing, development and training as well 6 TRUE 7 FALSE Theory X assumes people are not motivated to do any work 9 FALSE Positive criticism is the best form 1 A As safety is first ascertained 2 A As the skewness in output is high but return is also high with less probability 3 C It reduces both internal and external risk

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