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MGT 521 FINAL EXAM (Questions and Answers)

1. Adopting a __________ involves distributing monetary resources among divisions to increase financial returns or to spread risks among different businesses.
2. A person’s upbringing is an important source of __________.
3. ​. __________ is the formal system of task and job reporting relationships that determines how employees utilize resources to achieve a company’s goals.
4. Which of the following statements is true of a corporate-level strategy?
5. Which of the following did Frederick W. Taylor believe to be an outcome of recording the method of performing a particular task in an organization?
6. First-line managers in an organization are responsible for:
7. First-line managers in an organization are responsible for:
8. Which of the following scenarios illustrates the attraction-selection-attrition framework?
9. Identify a true statement about an effective control system?​
10. Which of the following is an advantage of group decision making?
11. How does an increase in job specialization lead to higher organizational performance?
12. _____ is a measure of how productively resources are utilized to meet a goal
13. __________ is the process by which managers establish the structure of working relationships among employees to allow them to achieve a company’s goals efficiently and effectively.​
14. Which of the following is an advantage of implementing a functional structure in an organization?
15. ​A differentiation strategy can be employed by organizations to:
16. Which of the following statements is true of transformational leaders
17. A __________ specifies the national markets and industries an organization plans to compete in and why it intends to do so.​
18. A low-cost strategy requires organizations to mgt 521 final exam
19. Which of the following is a feature of a high-performing organization?
20. Which of the following principles identified by Henri Fayol focuses on the chain of command with an organization?
21. A differentiation strategy is ideal for organizations that:​
22. A differentiation strategy is ideal for organizations that:​
23. An organization’s return on investment is calculated by dividing:​
24. __________ signify what an organization and its members are trying to accomplish
25. One way of pursuing a differentiation strategy is by:
26. The __________ of an organization is responsible for building an efficient top management team.
27. According to Henry Fayol, the planning process in an organization is effective when:
28. Which of the following statements is true of an evolutionary change in an organization?
29. __________ is the process by which managers regulate and monitor how efficiently and effectively an organization as a whole works to achieve organizational goals.
30. Unlike leaders, managers are those who:​