Q5. Nick is 29 years old and has just been promoted from salesperson to sales ma

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Q5. Nick is 29 years old and has just been promoted from salesperson to sales manager for his company. Nick is most likely in which stage of his career?
    a. decline
    b. stagnation
    c. maintenance
    d. establishment
    e. exploration

Q6. The statement that management principles are universal means that these principles apply to all types of organizations and organization levels.
    a. true
    b. false

Q7. Effective managers should assume the responsibility of assisting their subordinates in career development.
    a. true
    b. false

Q8. To be effective, a manager must simply understand how the four management functions are defined and related.
    a. true
    b. false

Q9. A good tactic for career management is to work for a manager who will play a constructive role in your career.
    a. true
    b. false

Q10. Which of the following is most accurate when describing the management thinking that emerged as a result of the Hawthorne studies?
    a. social relationships are unimportant in worker performance
    b. the emphasis should be placed on task efficiency in job design
    c. the human variable in organizations required much more analysis
    d. job design should involve the bonus system
    e. managerial problems should be solved through the utilization of management science techniques

Q11. Douglas McGregor emphasized a management philosophy built upon the views that people can be self-directed and accept responsibility.
    a. true
    b. false

Q12. Gantt's favored compensation system incorporated a piece-rate system and a bonus system.
    a. true
    b. false

Q13. A plant is an example of an open system.
    a. true
    b. false

Q14. The scientific management approach to management emphasizes the 'one best way' to perform a task.
    a. true
    b. false

Q15. The lower-level analysis portion of the classical approach concerns the management function as a whole.
    a. true
    b. false

Q16. Which of the following researchers has made the greatest contribution to the human relations movement?
    a. Frederick Taylor
    b. L. Thomas Hopkins
    c. Lillian Gilbreth
    d. Abraham Maslow
    e. Henry Fayol

Q17. In order to successfully utilize contingency management concepts and tactics, managers must first consider the realities of the specific organizational circumstances they face.
    a. true
    b. false

Q18. The management system is a closed system.
    a. true
    b. false

Q19. Which federal agency strives to reduce consumer misunderstandings of manufacturers' product design, labeling, and so on, by promoting clarity of these messages?
    a. Environmental Protection Agency
    b. Equal Employment Opportunity Commission
    c. Occupational Safety and Health Administration
    d. Consumer Product Safety Commission

Q20. Organizations characterized by attitudes and behaviors consistent with either the social responsibility or the social obligation approach are generally more socially responsive than organizations characterized by attitudes and behaviors consistent with the social responsiveness approach.
    a. true
    b. false

Q21. Business ethics can only be approached from one direction.
    a. true
    b. false

Q22. Adherence to legislated social responsiveness is the minimum standard of social responsibility performance that managers must achieve.
    a. true
    b. false

Q23. All ethical and unethical conduct within an organization needs to be covered in one code of ethics.
    a. true
    b. false

Q24. There is very little controversy regarding the need for corporations to be actively involved in socially responsible behavior.
    a. true
    b. false

Q25. One of the areas of social responsibility is employment practices.
    a. true
    b. false

Q26. The problem with ethics and business is that there is an inevitable conflict between ethical practices and making a profit.
    a. true
    b. false

Q27. Men can be victims of sexual harassment.
    a. true
    b. false

Q28. 'Token' employees are always given very high visibility in an organization.
    a. true
    b. false

Q29. A prejudice is a preconceived judgment, opinion, or assumption about an issue, behavior, individual, or group of people.
    a. true
    b. false

Q30. The culture-specific approach gives employees a genuine non-appreciation for the culture they are about to encounter.
    a. true
    b. false

Q31. According to The Hudson Institute report, the United States must pay more attention to its share of world trade and less to the growth of the economies of other nations of the world so that we can have a worse economy.
    a. true
    b. false

Q32. Minorities as well as women often face a 'glass ceiling' limiting their potential advancement.
    a. true
    b. false

Q33. Managers cannot rise to the challenge of managing a diverse workforce unless they recognize that many employees have difficulties coping with diversity.
    a. true
    b. false

Q34. Affirmative action programs are designed to provide barriers for underutilized or disadvantaged individuals.
    a. true
    b. false

Q35. A polycentric attitude reflects the belief that multinational corporations should regard home-country management as superior to foreign-country management practices.
    a. true
    b. false

Q36. A license agreement is the right granted by one company to another to use its brand name, technology, product specifications, and so on in the manufacture or sale of goods and services.
    a. true
    b. false

Q37. The geocentric attitude reflects the belief that the overall quality of management recommendations, rather than the location of managers, should determine the acceptability of management practices used to guide multinational corporations.
    a. true
    b. false

Q38. Managers who usually make foreign investments normally expect such investments will allow participation in the rapid expansion of a market abroad.
    a. true
    b. false

Q39. Which of the following attitudes is generally considered most appropriate for long-term organizational success?
    a. geocentric
    b. egocentric
    c. ethnocentric
    d. polycentric
    e. no one attitude is best

Q40. Our multinational company hires the best managers for our operations, regardless of the location of those managers. We practice which approach to hiring?
    a. ethnocentric
    b. polycentric
    c. polyhedric
    d. egocentric
    e. geocentric

Q41. Selling goods and services to another country is called 'importing'.
    a. true
    b. false

Q42. Third-country nationals are organization members who are citizens of the country in which the facility of a foreign-born organization is located.
    a. true
    b. false

Q43. With respect to corporate entrepreneurship, sustained regeneration occurs when firms develop new culture, processes, or structures to support new product innovations.
    a. true
    b. false

Q44. Opportunity evaluation is the first stage of the entrepreneurial process.
    a. true
    b. false

Q45. ________ involves improving the firm's ability to execute strategies and focuses on new processes instead of new products.
    a. Strategic renewal
    b. Organized rejuvenation
    c. Sustained regeneration
    d. Domain definition

Q46. ________ are firms that raise money from investors and then use money to make investments in new firms.
    a. Entrepreneurs
    b. Lending institutions
    c. Angel investors
    d. Venture capitalists

Q47. Venture capitalists are wealthy individuals who provide capital to new companies.
    a. true
    b. false

Q48. Individuals with extended social networks are more likely to identify potential entrepreneurial opportunities than those with more narrow social networks.
    a. true
    b. false

Q49. Strategic renewal involves improving the firm's ability to execute strategies and focuses on new processes instead of new products.
    a. true
    b. false

Q50. ________ are wealthy individuals who provide capital to new companies.
    a. Lending institutions
    b. Venture capitalists
    c. Angel investors
    d. Entrepreneurs

Explanation / Answer

Q5. Correct answer is “d. establishment”.

The establishment stage of career is reached in the mid-twenties through mid-forties. In this stage, a suitable field is selected by an employee, and further he makes efforts to secure a long-term place in the career he has selected.

Q6. The given statement is “True”.

The management principles are universal in nature. It means that these principles can be applied to all type of organizations irrespective of their nature or size. The application of the principles might be modified as per the requirement of an organization; however the principles are suitable for all kinds of organizations.

Q7. The given statement is “True”.

An effective manager should be responsible for assisting his subordinates in their career development. He should act as a coach, counsellor as well as mentor to his employees. Besides, he should also act as a communicator and provide suitable information to the juniors regarding their career development.

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