MGT 450 Week 1 Quiz ~ ( Latest Syllabus - Updated Jan, 2015 - Perfect Tutorial - Scored 100% )

 Question 1.A functional organizational design is most common among single-business companies. 

•   True
• False   

Question 2.Vision statements can be judged as good or not using which criterion? 

•   Conciseness   
•   Ability to inspire   
•   Memorability   
•   Achievability   
•   All of the above   

Question 3.Finding a mentor is absolutely essential in developing oneself as a leader. 

•   True
• False   

Question 4.    To which type of culture does being innovative and entrepreneurial belong?

•   Predatory   
•   Chaotic   
•   Service   
•   New Age   
•   Bureaucratic   

Question 5.Which of the following comes closest to defining a mental model? 

•   Our image of something   
•   Our current understanding about something   
•   Something we put together from information we have gathered   
•   What others want us to think about something   
•   A computer model of our mind   

Question 6.Which of the following is not a type of director in a firm’s board of directors? 

•   Outsiders   
•   Related outsiders   
•   Insiders   
•   Related insiders   
•   Independents
  

Question 7.Question :CEOs looking for vacant CEO jobs are virtually guaranteed high compensation packages because that is what CEO-compensation statistics indicate.  

•   True
• False   

Question 8.How is strategic planning different from a strategic analysis? 

•   Requires a lot of research about the external environment   
•   Requires buy-in and commitment from the participants   
•   Ends with short- and long-term recommendations   
•   Is designed to choose the best strategy for the company   
•   Entails making difficult choices   

Question 9.What is strategic planning? 

• Any decision that affects the company’s ability to complete, its position in the industry, or its viability as a going concern   
• One person’s or one group’s attempt at arriving at a strategy   
• The process by which one develops a strategy to achieve certain purposes   
• How a company actually competes   
• The entire set of resulting experiences—at some price—that an organization causes its customers to have   

Question 10.Once formed, a company’s culture is very hard to change. 

•   True
•            False