Week 4 Class test

To be efficient in management means to use resources wisely and cost-effectively

The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading and controlling the organizations resources is called:

A group of people who work together to achieve some specific purpose is/are called:

One advantage of e-business is that organisations and teams are no longer as bound by time zones and locations.

When Barrett, a college administrator, is determining which of several degree programs his campus will offer, he is involved in the management function of controlling.

When Shannon reviews reports and determines that she has four under-performing sales people with whom she will need to talk, she is performing the controlling managerial function.

Tucker recently attended a dinner for the new CEO. He came away feeling very excited and anxious to do his part to help the company achieve its goals. In this instance, the CEO was performing the management function known as planning.

People tend to exert less effort when working in groups than when working alone, a tendency known as social loafing

A positive outcome of GroupThink is the development of more alternative ideas.

Over 20 years ago, Peter Drucker predicted that the future organization would be organized around teamwork, but that has yet to occur

A cross functional team is staffed with specialists pursuing a common objective.

Another name for functional conflict is productive conflict

When job boundaries are ambiguous, employees are less possessive and conflict is likely to be minimized.

Competition is a form of Conflict

A team that consists of members who interact by computer network to collaborate on projects is called a...

In time-critical situations, satisficing may be a good approach to decision making.

Yichao, a manager of a CBD hair salon, has been procrastinating about a problem. Over the past year, his company has seen a high rate of customer defections and even the loss of some of its best stylists. Still, he hasn't even begun to investigate the issue. This is an indicator of relaxed avoidance.

The importance of the situation, the credibility of the information about it and the urgency of it should be considered in the decision about whether to decide.

When managers use information that is readily available from memory to make judgements, it is known as a confirmation bias.

Being "loss adverse" and hating to admit you're wrong can contribute to the escalation of commitment bias.