Multiple Choice assignment in MANAGEMENT PRINCIPLES AND DYNAMICS

1. What is the key characteristic of TBL management?

1. it emphasizes enhancing an organization's financial well-being while simultaneously reducing its negative socio-ecological externalities
2. it emphasizes maximizing financial well-being at the organizational level of analysis, but not at the individual level of analysis
3. it emphasizes enhancing ecological and social well-being, even if this does not maximize financial well-being
4. it emphasizes ecological well-being as the top priority
5. it emphasizes employee well-being as the top priority

2. What is the key characteristic of SET management?

1. it emphasizes enhancing an organization's financial well-being while simultaneously r educing its negative socio-ecological externalities
2. it emphasizes maximizing financial well-being at both the individual and organizational levels of analysis
3. it emphasizes enhancing ecological and social well-being, even if this does not maximize financial well-being
4. it emphasizes profitability as the top priority
5. it emphasizes employee well-being as the top priority

3. An important idea that underpins FBL management is:

1. the "invisible arm" idea
2. concern for the environment
3. concern for the social well-being of employees
4. an emphasis on consequential utilitarianism
5. its emphasis on for-profit business

4. What is the key difference between FBL and TBL approaches to management?

1. FBL management focuses on maximizing financial well-being, while TBL management focuses on reducing negative externalities that can occur when there is an undue emphasis placed on maximizing financial well-being
2. the primary goal of TBL management is to improve the way workers are treated, while the primary goal of FBL management is to pay workers as little as possible
3. FBL managers try to walk as close to the line as possible with respect to illegal activities, but TBL managers strictly adhere to the letter of the law
4. FBL management is relevant for private-sector business firms, while TBL management is relevant for not-for-profit organizations (e.g., government, unions, charities, etc.)
5. TBL managers are more likely to seek to increase financial well-being by reducing negative social and ecological externalities

5. What is the key difference between TBL and SET approaches to management?

1. TBL management emphasizes a balance between profit, people, and the planet, while SET management focuses solely on benefiting people
2. TBL management emphasizes a socialistic approach to business, while SET management emphasizes a capitalistic approach to business
3. TBL management emphasizes consequential utilitarianism, while SET management emphasizes enlightened consequential utilitarianism
4. TBL tries to simultaneously enhance an organization's financial well-being and reduce its negative socio-ecological externalities, while SET tries to enhance ecological and social well-being, even if doing this does not maximize financial well-being
5. none of the above identify the key difference between TBL and SET

6. With respect to technical, human relations, and conceptual skills, it is accurate to say that

1. technical skills become increasingly important as a manager moves up in the hierarchy
2. conceptual skills are the only skills that top managers need to possess
3. technical skills are important for managers in government jobs, but people skills are important for managers in business jobs
4. people skills are critical for all levels of management, but technical skills are important primarily for lower-level management jobs
5. technically, human relations are synonymous with conceptual skills

7. How does a manager's behavior differ when the manager is playing the monitor role compared to when the manager is playing the crisis handler role?

1. in the monitor role, the manager seeks internal and external information about issues that might affect the organization, but in the crisis handler role the manager takes action when things are not going as planned
2. in the monitor role, the manager plays only a symbolic role in the organization, while in the crisis handler role the manager actually does important work
3. managers who act as monitors earn less money than managers who act as crisis handlers
4. lower-level managers more commonly play the monitor role, while top managers more commonly play the crisis handler role
5. it is not possible to distinguish the roles of monitor and crisis handler

8. Chris rewards employees with flexible work hours when they achieve the standards that are set for them. When Chris is doing this, he is primarily carrying out the management function of

1. planning
2. organizing
3. leading
4. controlling
5. it is not possible to tell with the information provided

9. The most fundamental characteristic of scientific management was

1. its assumption that people are motivated by money
2. its emphasis on finding the one best way to do a specific job
3. its emphasis on paying workers based on their performance
4. its harsh treatment of workers who did not perform up to expectations
5. all of the above

10. Which of the following individuals is not considered to be part of the classical era of management?

1. Frederick Taylor
2. Henry Gantt
3. Mary Parker Follett
4. Frank Gilbreth
5. Max Weber