MGT 498 FINAL EXAM (DEC 2014 VERSION) COMPLETE WITH ANSWERS.All assets, capabilities, organizational processes, firm attributes, information, knowledge,
... [Show More] and so on,
controlled by a firm that enable the firm to conceive of and implement strategies that improve its
efficiency and effectiveness most accurately defines the term _____.
resources
functions
capabilities
priorities
Which of the following statements is true of corporate culture?
Put simply, culture is just how things are done in any organization.
Culture proves to be very weak because it cannot inform action without the need for supervision.
It consists of behavioral assumptions that are considered inappropriate for organizational members.
An organization’s culture, by itself, can be regarded as good.
A(n) _____ is a legal structure for organizing a business where the organization is a distinct and
separate entity from its owners.
corporation
proprietorship
limited partnership
general partnership
Walker and Harris are senior research fellows at a global non-profit organization. They are working on
a project that studies the growth trend of a multinational corporation, Garcia Inc. When Walker and
Harris decide to consolidate their study findings, Walker is of the opinion that Garcia is in the ‘change
process’ phase, while Harris believes that the company is in the ‘refreeze’ phase. Which of the
following statements, if true, would strengthen Harris’ belief?
Garcia Inc. publicly admits that the current situation is not working.
Garcia Inc. decides to adapt to its environment and learn new growth-inducing behaviors.
Garcia Inc. adopts a trial and error method to decide on the best growth strategy.
Garcia Inc. formalizes and institutionalizes its new growth strategies.
TrueBiz Corp. follows a system wherein all the activities of the company are directed toward
converting parts of a product into an entire finished good. These activities are done in tandem so that
a perfected product can be created which can be sold to a prospective customer. This is an example of
a _____.
pricing chain
supplier chain
value chain
product line
Jason, a visually impaired employee of Melony Inc., believes that his workplace has given him
independence and self-confidence, thereby increasing his morale. Which of the following has been
exemplified by Melony in this scenario?
Superordinate goal
Social value
Legal responsibility
Capacity building [Show Less]