TEST BANK for Management, 5th Canadian Edition John Schermerhorn Jr, Daniel Bachrach & Barry Wright. . (Complete Chapters 1-18)
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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...
Test Bank For Management, 5th Canadian Edition by John R. Schermerhorn Jr., Daniel G. Bachrach, Barry Wright Chapter 1-18
Solution Manual For Management, 5th Canadian Edition by John R. Schermerhorn Jr., Daniel G. Bachrach, Barry Wright Chapter 1-18
Class notes BUSI 1011 Management Ch. 9, ISBN: 9781119715061
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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.
,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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