Question 1

In explaining why firms are different, Edith Penrose attributed this to:

Accepted Answer

A)   which firm was better at reducing transaction costs.
B)   the heterogeneity of the firm's resources.
C)   the potential that existed in knowledge within the firm to extend its capabilities.
D)   the firm's effectiveness in formulating generic strategies.
E)   only b and c aboveF) A) and C)
G) A) and B)

Question 2

Peter Drucker felt that objectives should be set:

Accepted Answer

A)   in any area where the results were vital to organizational performance.
B)   only in areas where results could be quantified and measured.
C)   for each managerial function as defined by Henri Fayol.
D)   all of the above
E)   only b and cF) C) and E)
G) A) and C)

Question 3

Which of the following would not be one of Henry Mintzberg's managerial roles?

Accepted Answer

A)   Interpersonal
B)   Informational
C)   Behavioral
D)   DecisionalE) None of the above
F) B) and C)

Question 4

Originated the idea of MBO in the modern era.

Accepted Answer

A)   Frederick Fiedler
B)   Harold Koontz
C)   Peter Drucker
D)   Rensis Likert
E)   Rosemary StewartF) C) and D)
G) B) and E) C

Question 5

The theory-practice divide is believed to be caused by:

Accepted Answer

A)   the academic reward system
B)   too much emphasis on "hard" management skills
C)   professors who have not been practitioners
D)   the tradition of academic freedom
E)   all of the aboveF) D) and E)
G) A) and B)

Question 6

According to_______ , organizations needed to innovate by finding new or better products, creating new customers or new uses for products, or producing, distributing, and serving the market in a more competitive way.

Accepted Answer

A)   Joan Woodward
B)   Harold Koontz
C)   Muzafer Sherif
D)   Robert Gordon and James Howell
E)   none of the aboveF) B) and D)
G) All of the above

Question 7

Which of the following was (were)  not included in Rosemary Stewart's view of the manager's job:

Accepted Answer

A)   choices.
B)   demands.
C)   agendas.
D)   constraints.
E)   both and above were not included.F) A) and B)
G) A) and E)

Question 8

The United States of America has led the world in international business education since the Wharton School was established in 1881.

Accepted Answer

A) True 
 B)False

Question 9

Edwin Locke and Gary Latham's "goal-setting theory" of motivation has been used as an example of evidence-based management.

Accepted Answer

A) True 
 B)False

Question 10

Opportunistic behavior in organizations, that is, "self-interest seeking with guile," can be mitigated by:

Accepted Answer

A)   carefully formulated strategic plans.
B)   monitoring mechanisms during and after performance.
C)   following Theory Y.
D)   well developed information systems.
E)   none of the above.F) C) and E)
G) A) and E)

Question 11

"motivates the manager to action not because somebody tells him to do something... but because the objective needs of his task demand it."

Accepted Answer

A)   management by objectives
B)   system 5 management
C)   task based forecasting
D)   job enrichment
E)   organizational objectives managementF) B) and D)
G) C) and E)

Question 12

Your authors believe that ___ has become an international acronym:

Accepted Answer

A)   MBA
B)   PDQ
C)   MBO
D)   PPBS
E)   None of the above.F) A) and C)
G) A) and B)

Question 13

What is the resource based view of the firm? What is the knowledge based view of the firm? Where did these views originate and how did they influence the history of strategic management?

Accepted Answer

The resource based view (RBV) of the firm is a theory that suggests that a firm's competitive advantage and performance is driven by its unique resources and capabilities. This view emphasizes the importance of tangible and intangible resources such as physical assets, human capital, knowledge, and organizational capabilities in achieving sustainable competitive advantage.

On the other hand, the knowledge based view (KBV) of the firm focuses on the role of knowledge and learning in creating and sustaining competitive advantage. This perspective suggests that knowledge is a key strategic resource and that firms that are able to effectively create, acquire, and transfer knowledge will be better positioned to compete in the market.

The resource based view originated in the 1980s and 1990s, with scholars such as Jay Barney and Birger Wernerfelt contributing to its development. The knowledge based view emerged in the 1990s, with researchers like Ikujiro Nonaka and Hirotaka Takeuchi being key figures in its development.

These views have had a significant impact on the history of strategic management. Prior to their emergence, strategic management was largely focused on external environmental factors and industry structure. The RBV and KBV shifted the focus to internal resources and capabilities, leading to a greater emphasis on building and leveraging unique and valuable assets. This shift has led to a more nuanced understanding of competitive advantage and has influenced strategic decision-making in organizations across industries. Organizations now place a greater emphasis on developing and leveraging their unique resources and knowledge to gain and sustain a competitive edge in the market.

Question 14

Evidence-based management means translating principles based on the best evidence into organizational practices.

Accepted Answer

A) True 
 B)False

Question 15

Henri Fayol's description of the manager's job has been a continuing influence in studies of multinational enterprise.

Accepted Answer

A) True 
 B)False  False

Question 16

The separation of ownership and control produced a number of critics of managerial practices. Summarize these and offer some possible solutions.

Accepted Answer

The separation of ownership and control ...

Question 17

Examine the studies of managerial work in other nations. Are there more recent studies? Do these support the idea there are some widely accepted management practices in all organizations?

Accepted Answer

Yes, there have been more recent studies...

Question 18

Practicing human resource managers have found academic research to be of substantial value.

Accepted Answer

A) True 
 B)False

Question 19

The phrase "management theory jungle" is identified with:

Accepted Answer

A)   Harold Koontz
B)   Peter Drucker
C)   Henri Fayol
D)   Henry Mintzberg
E)   Rosemary StewartF) C) and D)
G) B) and E)

Question 20

In the book The Practice of Management, _________ established the basic conceptual framework for the business policy/strategy field:

Accepted Answer

A)   Henri Fayol
B)   Peter Drucker
C)   R.C. Davis
D)   Henry Mintzberg
E)   William NewmanF) A) and D)
G) A) and E)

Exam 19: Management Theory and Practice

In explaining why firms are different, Edith Penrose attributed this to:

Correct Answer
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Peter Drucker felt that objectives should be set:

Correct Answer
verified

Which of the following would not be one of Henry Mintzberg's managerial roles?

Correct Answer
verified

Originated the idea of MBO in the modern era.

Correct Answer
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C

The theory-practice divide is believed to be caused by:

Correct Answer
verified

According to_______ , organizations needed to innovate by finding new or better products, creating new customers or new uses for products, or producing, distributing, and serving the market in a more competitive way.

Correct Answer
verified

Which of the following was (were) not included in Rosemary Stewart's view of the manager's job:

Correct Answer
verified

The United States of America has led the world in international business education since the Wharton School was established in 1881.

Correct Answer
verified

Edwin Locke and Gary Latham's "goal-setting theory" of motivation has been used as an example of evidence-based management.

Correct Answer
verified

Opportunistic behavior in organizations, that is, "self-interest seeking with guile," can be mitigated by:

Correct Answer
verified

"motivates the manager to action not because somebody tells him to do something... but because the objective needs of his task demand it."

Correct Answer
verified

Your authors believe that ___ has become an international acronym:

Correct Answer
verified

What is the resource based view of the firm? What is the knowledge based view of the firm? Where did these views originate and how did they influence the history of strategic management?

Evidence-based management means translating principles based on the best evidence into organizational practices.

Correct Answer
verified

Henri Fayol's description of the manager's job has been a continuing influence in studies of multinational enterprise.

Correct Answer
verified
False

The separation of ownership and control produced a number of critics of managerial practices. Summarize these and offer some possible solutions.

Correct Answer
Answered by ExamLex AI
The separation of ownership and control ...
View Answer

Examine the studies of managerial work in other nations. Are there more recent studies? Do these support the idea there are some widely accepted management practices in all organizations?

Correct Answer
Answered by ExamLex AI
Yes, there have been more recent studies...
View Answer

Practicing human resource managers have found academic research to be of substantial value.

Correct Answer
verified

The phrase "management theory jungle" is identified with:

Correct Answer
verified

In the book The Practice of Management, _________ established the basic conceptual framework for the business policy/strategy field:

Correct Answer
verified

Exam 19: Management Theory and Practice

In explaining why firms are different, Edith Penrose attributed this to:

Correct AnswerverifiedShow Answer

Peter Drucker felt that objectives should be set:

Correct AnswerverifiedShow Answer

Which of the following would not be one of Henry Mintzberg's managerial roles?

Correct AnswerverifiedShow Answer

Originated the idea of MBO in the modern era.

Correct AnswerverifiedC

The theory-practice divide is believed to be caused by:

Correct AnswerverifiedShow Answer

According to_______ , organizations needed to innovate by finding new or better products, creating new customers or new uses for products, or producing, distributing, and serving the market in a more competitive way.

Correct AnswerverifiedShow Answer

Which of the following was (were) not included in Rosemary Stewart's view of the manager's job:

Correct AnswerverifiedShow Answer

The United States of America has led the world in international business education since the Wharton School was established in 1881.

Correct AnswerverifiedShow Answer

Edwin Locke and Gary Latham's "goal-setting theory" of motivation has been used as an example of evidence-based management.

Correct AnswerverifiedShow Answer

Opportunistic behavior in organizations, that is, "self-interest seeking with guile," can be mitigated by:

Correct AnswerverifiedShow Answer

"motivates the manager to action not because somebody tells him to do something... but because the objective needs of his task demand it."

Correct AnswerverifiedShow Answer

Your authors believe that ___ has become an international acronym:

Correct AnswerverifiedShow Answer

What is the resource based view of the firm? What is the knowledge based view of the firm? Where did these views originate and how did they influence the history of strategic management?

Evidence-based management means translating principles based on the best evidence into organizational practices.

Correct AnswerverifiedShow Answer

Henri Fayol's description of the manager's job has been a continuing influence in studies of multinational enterprise.

Correct AnswerverifiedFalse

The separation of ownership and control produced a number of critics of managerial practices. Summarize these and offer some possible solutions.

Correct AnswerAnswered by ExamLex AIThe separation of ownership and control ...View AnswerShow Answer

Examine the studies of managerial work in other nations. Are there more recent studies? Do these support the idea there are some widely accepted management practices in all organizations?

Correct AnswerAnswered by ExamLex AIYes, there have been more recent studies...View AnswerShow Answer

Practicing human resource managers have found academic research to be of substantial value.

Correct AnswerverifiedShow Answer

The phrase "management theory jungle" is identified with:

Correct AnswerverifiedShow Answer

In the book The Practice of Management, _________ established the basic conceptual framework for the business policy/strategy field:

Correct AnswerverifiedShow Answer

Correct Answer
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C

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False

Correct Answer
Answered by ExamLex AI
The separation of ownership and control ...
View Answer

Correct Answer
Answered by ExamLex AI
Yes, there have been more recent studies...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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