MGMT 303 Midterm Exam

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MGMT 303 Midterm Exam
(TCO 7) In what ways are virtual and learning organizations different from the typical organization…

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MGMT 303 Midterm Exam

MGMT 303 Midterm Exam

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(TCO 1) One example of a firm studying its ____ is an annual assessment of the labor supply available to the company. (Points : 5)

Organizational culture

Internal environment

External environment

Organizational mission

(TCO 2) Various social networks have enabled people to stay in contact with each other. It also hurts relationships when too much information is shared. This reflects the _____ element of the general environment. (Points : 5)

economic
(TCO 3) The United Nations says that companies should have core values that include all EXCEPT (Points : 5)

Anti-corruption

Concern for stockholders

Human rights

Labor standards

The environment

(TCO 4) With whom is the United States involved in an agreement which creates a vast economic bloc? (Points : 5)

The African Union

The Latin American Integration Association

The Caribbean Common Market

Canada and Mexico

Pacific Asia

(TCO 5) You have decided to become a small business owner. On your business plan, you state that the business will offer exceptional customer service while providing locally grown vegetables and fruits that are organically grown. What part of the business plan does this represent? (Points : 5)

A strategic goal

An operational plan

A mission statement

A strategic plan

A tactical plan

(TCO 6) An organization or an entrepreneur can look for opportunities in different external areas according to Peter Drucker. When the opportunity is due to a change by altering the types and quantities of products and services desired and cutomers’ buying power, this is _______. (Points : 5)

Industry and market structure changes

Demographics changes

Perception change

The unexpected or unanticipated change

None of the above
(TCO 1) Mintzberg studied managerial roles and created a model with managerial roles. What are those roles? What does each role require? (Points : 10)

(TCO 2) Explain the differences between global sourcing, strategic alliance, and foreign subsidiary. (Points : 10)

(TCO 3) Give five arguments for and five against a company being socially responsible. (Points : 10)

(TCO 4) What is the World Trade Organization and why is it important to the global environment? (Points : 10)

(TCO 7) Briefly describe the bureaucratic model of organizational design. (Points : 10)

(TCO 4) Describe three environmental challenges of international management. (Points : 15)

(TCO 5) Identify a company and write a brief SWOT analysis for that company. (Points : 15)

(TCO 6) Describe three major important roles of entrepreneurship in the American economy. (Points : 15)

(TCO 7) In what ways are virtual and learning organizations different from the typical organization? (Points : 15)