BCOR 2202 Quiz 2 Questions and Answers Already Passed

BCOR 2202 Quiz 2 Questions and Answers Already Passed Which of the following is NOT a benefit experienced by organizations that value diversity? A) new perspectives to organizational issues B) Increased employee performance C) greater homogeneity D) Less interpersonal conflict E) Access to more perspectives on a problem - Answer-C) greater homogeneity Given current demographic trends, which of the following is NOT a strategy companies would use to gain a competitive advantage through promoting diversity A) encourage older workers to retire B) create heterogeneous teams C) put women in top management D) utilize reverse mentoring - Answer-A) encourage older workers to retire Which of the following is a dimension of diversity? A) mental abilities B) sexual orientation C) age D) gender E) all of these are correct - Answer-E) all of these are correct _____ diversity occurs when there are differences in position or opinion among group members, especially regarding group goals or processes. - Answer-Separation Assume a team is comprised of a marketing professional, a materials specialist, a manufacturing floor manager, a product safety advisor, an advertising department head, and a legal expert. What type of diversity is represented by this group - Answer-variety diversity Which of the following is an example of deep-level diversity A) ethnicity B) goals C) physical abilities D) gender E) age - Answer-B) goals Which term refers to similarities and differences among people, including those such as race, age, ethnicity, physical abilities and characteristics, and gender? - Answer-Surface-level diversity Which of the following is the primary competitive advantage Costco has over Sam's Club, its closest competitor? A) high-quality products at a low price B) lower employee salaries C) excellent customer experience D) lower operating expenses - Answer-C) excellent customer experience Which of the following strategies focuses on company expansion, either organically or through acquisitions A) cost leadership B) specialization C) differentiation D) growth E) domination - Answer-D) growth Your region has many supermarket bakeries, but there aren't any niche cafes offering superior coffee and home-baked goods using local, organic ingredients. You decide to open such a business. Based on these factors which types of strategic behaviors would help assure that your small enterprise specializes and thrives A) hire employees with strong business experience B) explore opportunities for mergers and acquisitions C) deliver unique products and services D) offer the best quality product at a low price - Answer-C) deliver unique product and services Organizations pursuing a specialization strategy often try to develop a competitive advantage based on - Answer-customer intimacy Businesses that use a ______ strategy focus on a narrow market segment or niche - Answer-specialization Walmart is famous for exemplifying the cost leadership strategy. Which of the following is Walmart likely NOT to do? A) Keep prices as low as possible B) automate as few jobs as possible C) keep expenses as low as possible D) rely heavily on low-wage employees E) automate as many jobs as possible - Answer-B) automate as few jobs as possible Maximizing the efficiency of the manufacturing or product development process in order to minimize costs is referred to as - Answer-operational excellence Organizations pursuing a differentiation strategy often try to develop a competitive advantage based on product - Answer-innovation to gain a competitive advantage, a company must offer - Answer-superior value for the price organizations pursuing a strategy of keeping costs and prices low usually to develop a competitive advantage using which of the following A) cost analysis B) operational excellence C) product innovation D) differentiation E) employee training - Answer-B) operational excellence Individual characteristics that may render leader behavior unnecessary include all of the following EXCEPT A) professionalism B) norms C) motivation D) experience E) training - Answer-B) norms One conclusion of the University of Michigan studies was that a leader who focuses on work procedures and performance is exhibiting - Answer-job-centered leader behavior According to the LPC theory, a situation that has low position power, high task structure, and good leader-member relations is - Answer-very favorable According to the path-goal theory of leadership, the two types of situational factors that influence how leaders should behave are - Answer-personal characteristics of the subordinates and environmental characteristics Each of the following is associated with transformational leaders EXCEPT A) creating a vision to guide change B) recognizing a need for change C) having tremendous influence D) executing change E) managing routine work - Answer-managing routine work