MGMT 303 Midterm Exam | DeVry University, San Diego - Latest 2025/2026 | Graded A.

MGMT 303 Midterm New 2025 - DeVry University, San Diego MGMT 303 Midterm Graded A Question 1. 1. (TCO 1) The shared values, principles, and traditions can be described as (Points : 5) stakeholder culture. ...

MGMT 303 Midterm New 2025 - DeVry University, San Diego MGMT 303 Midterm Graded A Question 1. 1. (TCO 1) The shared values, principles, and traditions can be described as (Points : 5) stakeholder culture. team culture. employee culture. organizational culture. Question 1.1. (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 Question 2. 2. (TCO 2) The Ford Motor Company sold an auto parts company because profitability was low. The main environmental dimension considered was (Points : 5) sociocultural. technological. economic. political/legal. Question 2.2. (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 task political/legal sociocultural technological Question 3. 3. (TCO 3) A leader who wants to encourage ethics within the company should do all of the following EXCEPT (Points : 5) be a good role model by being ethical and honest. be willing to admit personal failures. communicate personal values with employees. hide information. Question 3.3. (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 Question 4. 4. (TCO 4) Which of the following is usually the second type of international business in which a company gets involved? (Points : 5) Licensing strategy Joint venture Importing/exporting Direct investment Question 4.4. (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 Question 5. 5. (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 Question 6. 6. (TCO 6) Which of the following is a source of equity financing provided by a professionally managed pool of investors? (Points : 5) Financial institutions Personal financial resources Angel investors None of the above Question 6.6. (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. Question 7. 7. (TCO 1) What are the functions of a manager? Describe each function. (Points : 10) Question 7.7. (TCO 1) Mintzberg studied managerial roles and created a model with managerial roles. What are those roles? What does each role require? (Points : 10) . Question 8. 8. (TCO 2) Identify and comment on three organizational stakeholders. (Points : 10) The three organizational stakeholders are investors, employee and customers. Question 8.8. (TCO 2) Explain the differences between global sourcing, strategic alliance, and foreign subsidiary. (Points : 10) Question 9. 9. (TCO 3) What are the three general areas that should be included in a company's code of ethics? Give two examples of a specific thing that would be found in each of these general areas. (Points : 10) Question 10. 10. (TCO 4) Culture varies by country. Give five of the dimensions and one country that is likely to be high and one that is likely to be low for each dimension. (Points : 10) Question 10.10. (TCO 4) What is the World Trade Organization and why is it important to the global environment? (Points : 10) " Question 11.11. (TCO 7) Briefly describe the bureaucratic model of organizational design. (Points : 10) In summary, the bureaucratic model of organizational design includes reports that consist of financial activities pertaining to expenses and revenues of the organization. This model also outlines the procedure each company has in order to accomplish their mission and to assist their customers. Question 12.12. (TCO 4) Describe three environmental challenges of international management. (Points : 15) Question 2. 2. (TCO 5) What are the differences between strategy formulation and strategy implementation? (Points : 15) Question 13.13. (TCO 5) Identify a company and write a brief SWOT analysis for that company. (Points : 15) Question 14.14. (TCO 6) Describe three major important roles of entrepreneurship in the American economy. (Points : 15) Question 4. 4. (TCO 7) Briefly describe the matrix form of organization design. List its advantages and disadvantages. This structural form is most likely to be used under what conditions? (Points : 15) Question 15.15. (TCO 7) In what ways are virtual and learning organizations different from the typical organization? (Points : 15) nds or changes in the economy, thus creating a competitive advantage for the organization