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BUS 201 Midterm Exam (COMPLETE SOLUTION)According to a study by The Corporate Library, some of the worst boards include: Select one: a. Hershey Foods Corporation b. Cintas Corporation c. Citigroup Inc. d. All of th ...

BUS 201 Midterm Exam (COMPLETE SOLUTION)According to a study by The Corporate Library, some of the worst boards include: Select one: a. Hershey Foods Corporation b. Cintas Corporation c. Citigroup Inc. d. All of the above. e. None of the above. The correct answer is: Citigroup Inc. Manager A is a "rugged individualist" who believes that every person is responsible for him/herself. Manager B is the employee who questions everything – not just the decision made but whether or not the decision-maker should have made the decision. Manager A could be described as: Select one: a. high power distance b. low power distance c. individualist d. collectivist e. high uncertainty avoidance The correct answer is: individualist Question 4 Correct Mark 2.50 out of 2.50 Question 5 Correct Mark 2.50 out of 2.50 Which of the steps in the formal planning process involves studying past events, examining current conditions, and forecasting future trends? Select one: a. Situational analysis b. Alternative goals and plans c. Goal and plan evaluation d. Goal and plan selection e. Monitor and control The correct answer is: Situational analysis When Johnny Jack of Jack Enterprises realized that his plan to increase sales levels among associates was not producing the results he desired, he took quick action to make necessary adjustments. Johnny was exercising the management function of Select one: a. planning. b. organizing. c. leading. d. controlling. e. communicating. The correct answer is: controlling. Question 6 Correct Mark 2.50 out of 2.50 Question 7 Correct Mark 2.50 out of 2.50 Economies in which materials and processes employed in one product can be used to make other, related products are: Select one: a. subassemblies. b. economies of scope. c. flexible factories. d. functional organizations. e. economies of scale. The correct answer is: economies of scope. Corporate ethics programs commonly include: Select one: a. formal ethics code b. ethics committees c. ethics communication systems d. ethics training e. All of the above. The correct answer is: All of the above

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