BUSI 310 Test 2 Liberty University Complete Answers

BUSI 310 Test 2 Liberty University Complete Answers

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The formal planning model emphasizes a _______ approach. 

In the context of the decision-making process in an organization, those who _______ a decision must understand the choice and must be committed to its successful implementation. 

Businesses using a ________ strategy try to be efficient and offer a standard, no-frills product. 

______ is the phenomenon that occurs in decision making when group members avoid disagreement as they strive for consensus. 

Resources are a source of competitive advantage except when they are 

2. 

According to the contingency perspective, there is(are) ______best way(s) to manage and organize. 

3. 

All of the following are key components of the "current landscape in business" EXCEPT 

4. 

_____ are approaches that an organization that acts on its own uses to change some aspect of its current environment. 

5. 

_____ are the underlying qualities and desirable behaviors that are important to an organization. 

6. 

As a manager at Carrel Corp., Derek spends much of his time coaching young managers and making sure that any required information reaches all the branches for them to be successful. Derek would best be described as a(n) 

7. 

As managers rise through an organization, they will probably rely less on their technical skills. 

10. 

A centralized, bureaucratic approach with standardized work processes for managing uncertainty is ideal for which of the following environments? 

11. 

A centralized, organic approach with direct supervision for managing uncertainty is ideal for which of the following environments? 

13. 

The _____ effect refers to people's reactions to being observed or studied resulting in superficial rather than meaningful changes in behavior. 

14. 

Forecasts are most useful when the ____ will look radically different from the _____. 

15. 

_____, founded in the late 19th century, was one of the first university programs to offer management and business education. 

17. 

_____ includes searching for and sorting through information about the environment. 

18. 

In smaller entrepreneurial firms and even in more adaptive larger firms, managers 

19. 

_____ is assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals. 

20. 

________ is keeping costs low enough to achieve profits while pricing products at levels that are attractive to consumers. 

21. 

A _____ is powerful if a buyer has few other sources of supply or if the supplier has many other buyers. 

25. 

_____ is the process of sharing authority with employees to enhance their confidence in their ability to perform their jobs and contribute to an organization. 

26. 

_________________ is the process of working with people and resources to accomplish organizational goals. 

27. 

_____ is the set of practices aimed at discovering and harnessing an organization's intellectual resources, fully utilizing the intellects of the organization's people. 

28. 

Kegg's Cereals Inc. is a major supplier to almost all grocery store chains. It has most of the valuable shelf space in the cereal aisle. Which of the following is true based on this information? 

29. 

The main difference between final consumers and intermediate consumers is that the final consumers