Organizational Structures and Global Business Quiz

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What is the primary difference between efficiency and effectiveness?

Efficiency focuses on doing things right, while effectiveness focuses on doing the right things (correct)

Efficiency and effectiveness are unrelated to each other

Efficiency focuses on doing the right things, while effectiveness focuses on doing things right

Efficiency and effectiveness are essentially the same concept

What is the primary characteristic of a multinational company that follows a transnational organization model?

Centralizes its management and decisions in the home country

Eliminates artificial geographical barriers (correct)

Emphasizes equal distribution of power in institutions and organizations

Decentralizes management and decisions to the local country where it is doing business

In Hofstede's dimensions, what does 'power distance' refer to?

The preference for structured or unstructured situations in a country

The focus on future and value of persistence in cultures with long-term orientation

The degree to which people in a country accept unequal distribution of power in institutions and organizations (correct)

The inclination of people to act individually rather than as members of a group

What is the primary characteristic of a global corporation?

Centralizes its management and other decisions in the home country Signup and view all the answers

In Hofstede's dimensions, what does 'uncertainty avoidance' measure?

The degree to which people in a country prefer structured or unstructured situations and whether they are willing to accept risks Signup and view all the answers

What characterizes a multidomestic corporation?

Decentralizes management and other decisions to the local country where it is doing business Signup and view all the answers

What is the term used to describe a firm's engagement in social actions because of its obligation to meet certain economic and legal responsibilities?

Social responsiveness Signup and view all the answers

Which cognitive bias describes the tendency for decision makers to falsely believe that they would have accurately predicted the outcome of an event once that outcome is actually known?

Hindsight bias Signup and view all the answers

What type of decisions are based on feelings/emotions according to the text?

Affect-Initiated decisions Signup and view all the answers

What describes when decision makers fixate on initial information as a starting point and then fail to adequately adjust for subsequent information?

Anchoring effect Signup and view all the answers

What is the term used to describe a firm's intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society?

CSR-corporate social responsibility Signup and view all the answers

Which aspect of intuition involves decisions based on skills, knowledge, and training?

Cognitive-based decisions Signup and view all the answers

What term is used to describe when decision makers assess the likelihood of an event based on how closely it resembles other events or sets of events?

Representation bias Signup and view all the answers

What describes the tendency for decision makers to remember events that are the most recent and vivid in their memory?

Availability bias Signup and view all the answers

What type of decisions involve subconscious mental processing according to the text?

Subconscious mental processing Signup and view all the answers

What aspect of intuition involves decisions based on values or ethics?

Values or Ethics-based decisions Signup and view all the answers

Organizational Structures and Global Business Quiz

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