Exam (elaborations)

TEST BANK for Management, 5th Canadian Edition John Schermerhorn Jr, Daniel Bachrach & Barry Wright. . (Complete Chapters 1-18)

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Course
Management, 5th Canadian Edition

Institution
Management, 5th Canadian Edition

Book
Management

EST BANK for Management, 5th Canadian Edition John Schermerhorn Jr, Daniel Bachrach & Barry Wright. . (Complete Chapters 1-18) Table of contents Chapter 1. Introducing Management Chapter 2. M anagement Learning Past to Present Chapter 3. Ethics and Social Responsibility Chapter 4. Environment, Inno...

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Uploaded on June 15, 2023
Number of pages 1618
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Type Exam (elaborations)
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, Schermerhorn, Management, Fifth Canadian Edition

CHAPTER 1
MANAGEMENT TODAY

Question type: True/False

1) Intellectual capital is a personal asset for individuals.

Answer: True

Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom’s: Knowledge
Difficulty: Easy
AACSB: Analytic

2) Intellectual capital is defined as the collective and shared knowledge of an
organization’s workforce.

Answer: True

Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom’s: Application
Difficulty: Medium
AACSB: Analytic

3) Intellectual capital = Competency x Commitment.

Answer: True

Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom’s: Knowledge
Difficulty: Easy
AACSB: Analytic

4) Commitment represents one’s talents or job-relevant capabilities.

Answer: False

Test Bank Chapter 1 – Management Today 1-1
Copyright © 2021 John Wiley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited

,Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom’s: Knowledge
Difficulty: Easy
AACSB: Analytic

5) A knowledge worker is a person whose physical capabilities are critical assets.

Answer: False

Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom’s: Knowledge
Difficulty: Easy
AACSB: Analytic

6) Creativity and insight are critical assets to a knowledge worker.

Answer: True

Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom’s: Knowledge
Difficulty: Easy
AACSB: Analytic

7) Tech IQ is the ability to use technology and the commitment to stay informed about the
latest technological developments.

Answer: True

Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom’s: Knowledge
Difficulty: Easy
AACSB: Analytic

8) Improvements in technology, the deregulation of markets, and the opening of
national borders have had little impact on businesses in the United States and Europe.

Answer: False

, Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom code: Knowledge
Difficulty: Medium
AACSB: Analytic

9) National boundaries are no longer thought of as a constraint in the world of business.

Answer: True

Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom’s: Knowledge
Difficulty: Easy
AACSB: Analytic

10) Job migration refers to the shift of manufacturing and jobs from overseas to back
home.

Answer: False

Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom’s: Knowledge
Difficulty: Medium
AACSB: Analytic

11) Globalization refers to the worldwide interdependence of resource flows, product
markets, and business competition that characterizes the new economy.

Answer: True

Learning Objective 1: Summarize the challenges of developing and maintaining career
readiness in the new economy
Section Reference: 1.1 Working Today
Bloom’s: Knowledge
Difficulty: Easy
AACSB: Analytic

12) The reach of the global economy means that countries and people are increasingly
connected through media, information technology, travel, and lifestyles.

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Exam (elaborations)

TEST BANK for Management, 5th Canadian Edition John Schermerhorn Jr, Daniel Bachrach & Barry Wright. . (Complete Chapters 1-18)

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