MANA 1301 Exam 3 Questions and Answers
Former General Electric CEO Jack Welch was well known for regularly meeting one-on-one with all senior managers and business unit head. Welch was practicing ____ control
Interpersonal
U.S. Corporations have been pouring investments into China to build...
former general electric ceo jack welch was well kn
us corporations have been pouring investments in
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MANA 1301 Exam 3 Questions and
Answers
Former General Electric CEO Jack Welch was well known for regularly meeting one-on-
one with all senior managers and business unit head. Welch was practicing ____
control - answer Interpersonal
U.S. Corporations have been pouring investments into China to build manufacturing
facilities to produce goods for the local and export markets. Since economists expect
the Chinese yuan to appreciate against the dollar in the future, the forthcoming Chinese
yuan profits of U.S. MNEs when converted to U.S. dollars will be high. This is an
example of U.S. companies cutting costs by ____ - answer Reacting to exchange
rate movements
Which of the following is NOT true about licensing? - answer It involves slightly more
risk to the licensee than licensor.
In the banking industry, a particular bank's efficiency ration is a closely monitored
metric. If one bank can achieve a profit of $2 million per year with 90 employees, and
another bank needs to employ 200 employees to achieve the same level of profits, the
first bank's employees are more efficient than the second. Which of the following output
controls and measurement is the banking industry using? - answer Productivity
Limited Clothing Inc. has a corporate headquarters with three divisions: North American
Division, European Division, and Asia Division. Limited Clothing Inc. has a ____
structure. - answer Geographical region
Coca-Cola has built 43 bottling plants and two concentrate manufacturing plants with
three separate partners in China since 1979. This is an example of a(n) ____ - answer
International joint venture
A(n) ____ plan for Best Buy might be to build and open 50 new stores in the United
States and Canada within the next two-and-one-half years. - answer Tactical
To make sure it has enough employees on hand during the busy holiday season, Target
plans to hire thousands of temporary, seasonal help for the final three months of the
calendar year. This is an example of a(n) _____ plan. - answer Operational
At IBM, there are five divisions: Global Technology Services, Global Business Services,
Software, Systems and Technology, and Global Financing. IBM utilizes a _____
structure. - answer Product
, Altria Group, Inc., may feel that the importance of "fiscal discipline" in its stated mission
mandates that it reduce its operations and concentrate upon making its existing U.S.-
based Marlboro operations as efficient and profitable as possible. In short, Altria will be
most concerned with maintaining its existing strategic position. This is an example of
Miles and Snows' _____ typology. - answer Defender
CEMEX has three divisions: (1) North America; (2) South America and the Caribbean;
and (3) Europe, Asia, and the Middle East. CEMEX has a _____ structure. - answer
Geographical Region
Brazil is one of the world's lowest cost producers of ethanol and soybeans. Japanese
corporations have heavily invested in Brazil to lease large tracts of land to grow
soybeans for export to Japan, where they are used to derive products such as soy
sauce and chicken feed. These Japanese companies are cutting costs by _____. -
answer Minimizing factor input costs
Of the following, which is NOT listed in the text as a purpose of organizational
structure? - answer It allows the members of an organization to develop a cohesive
company culture
Which of the following is NOT true about franchising? - answer in franchising, the
parent firm assumes relatively less risk than with licensing.
Anadarko Petroleum Corporation may decide that the best long-term way to implement
its strategic goal of providing financial returns to its shareholders could be to explore for
oil in other parts of the world where it has not yet explored, such as Africa. This is an
example of Miles and Snows' _____ typology. - answer Prospector
At ExxonMobil, divisions include Upstream, Downstream, and Chemical. The Upstream
division includes exploration, development, production, and gas and power marketing.
The Downstream division includes refining and supply, fuels and marketing, and
lubricants. ExxonMobil utilizes a _____ structure. - answer Product
Typewriters are in the _____ stage of the product life cycle. - answer Decline
A top salesperson "just knows how to sell" but has a difficult time communicating how
she does it. Her ability to sell is an example of _____. - answer Tacit Knowledge
A global business is organized into four groups: Manufacturing, Research and
Development, Finance, and Sales. This company uses a(n) ______ structure. - answer
Functional
Lenovo, the Chinese computer manufacturer, is a corporation where it is difficult to
identify one country as the home country. Lenovo can be described as a _____
corporation. - answer Stateless
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