Podcast
Questions and Answers
What is the primary difference between efficiency and effectiveness?
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?
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?
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?
What is the primary characteristic of a global corporation?
In Hofstede's dimensions, what does 'uncertainty avoidance' measure?
In Hofstede's dimensions, what does 'uncertainty avoidance' measure?
What characterizes a multidomestic corporation?
What characterizes a multidomestic corporation?
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?
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?
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?
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?
What type of decisions are based on feelings/emotions according to the text?
What type of decisions are based on feelings/emotions according to the text?
What describes when decision makers fixate on initial information as a starting point and then fail to adequately adjust for subsequent information?
What describes when decision makers fixate on initial information as a starting point and then fail to adequately adjust for subsequent information?
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?
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?
Which aspect of intuition involves decisions based on skills, knowledge, and training?
Which aspect of intuition involves decisions based on skills, knowledge, and training?
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?
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?
What describes the tendency for decision makers to remember events that are the most recent and vivid in their memory?
What describes the tendency for decision makers to remember events that are the most recent and vivid in their memory?
What type of decisions involve subconscious mental processing according to the text?
What type of decisions involve subconscious mental processing according to the text?
What aspect of intuition involves decisions based on values or ethics?
What aspect of intuition involves decisions based on values or ethics?
