MGMT 303 Midterm Exam (Question and Answers)
Question 1.(TCO 1) The shared values, principles, and traditions can be described as
Question 2.(TCO 2) A company that is doing an analysis of its physical assets is doing what sections of a SWOT?
Question 3.(TCO 3) A company is required by law to preserve and protect the natural resources. A company that goes beyond the requirements of the law might adopt a(an) ________ approach.
Question 4.(TCO 4) _____ is the attitude in which managers use a global view and look for the best approaches and people regardless of origin.
Question 5. (TCO 5) A company that has severe financial problems that are long term would best use which strategy?
Question 6.(TCO 6) Which of the following is a source of equity financing provided by a professionally managed pool of investors?
Question 7.(TCO 1) What are the functions of a manager? Describe each function. mgmt 303 midterm exam
Question 8.(TCO 2) Explain the differences between global sourcing, strategic alliance, and foreign subsidiary.
Question 9.(TCO 3) Give five arguments for and five against a company being socially responsible.
Question 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.
Question 11.(TCO 7) Give the six elements that are involved in organizational design. Briefly define each.
Question 1.(TCO 4) Identify and describe three main dimensions of cultural intelligence.
Question 2.(TCO 6) A new business can be started either from scratch or by buying an existing business. Which method seems best to you? Explain your answer.
Question 3. (TCO 5) Briefly describe each of Porter’s competitive (generic) strategies, and give an original example of how a firm might use each strategy.
Question 4.(TCO 7) In what ways are virtual and learning organizations different from the typical organization?