Deck 19: Emerging Management Practices

Question 1

If a strategic alliance is to function effectively,all parties involved must feel that they are being fairly treated.

Answer 1

True

Question 2

In an open-book management setting,financial information is often shared with employees who have little knowledge of accounting concepts.

Answer 2

True

Question 3

Top management personnel are the key players in open-book management.

Answer 3

False

Question 4

To increase the probability of success,it is important to involve customers in business processing reengineering (BPR)projects.

Question 5

Open-book management systems are usually easy to implement.

Question 6

Data mining employs statistical techniques to uncover answers to issues about business operations.

Question 7

In an ERP system,data is decentralized among an organization's divisions.

Question 8

One of the obstacles to implementing open-book management is reluctance of an organization to release sensitive financial data.

Question 9

Downsizing has no effect on materials and labor inputs used to produce outputs.

Question 10

Firms that are downsizing should engage in other innovative practices to improve efficiency.

Question 11

Diversity among employees leads to increased employee turnover.

Question 12

Accountants have little involvement with business processing reengineering (BPR)initiatives.

Question 13

Downsizing often results in one-time charges against income.

Question 14

Strategic alliances can result in improved operating efficiencies for multiple organizations.

Question 15

Management talent is increased in a diverse group of employees.

Question 16

Open-book management is most effective in decentralized organizations.

Question 17

In a pollution prevention system,managers produce the pollutant,and then clean it up.

Question 18

The focus of business process reengineering is on the improvement of specific processes.

Question 19

One method to improve the effectiveness of open-book management is through game playing.

Question 20

The key concept to an ERP system is a central site for all the data of an organization.

Question 21

A method of examining processes to identify and eliminate or reduce functions that add little customer value to products or services is referred to as __________________________________________________.

Question 22

Any management action that reduces employment opportunities upon restructuring is known as ____________________.

Question 23

Which of the following is not a trend promoting the increased use of business process reengineering (BPR)?

A)advancement of technology
B)pursuit of increased quality
C)price competition caused by globalization
D)business expansion

Question 24

Packaged software programs that allow companies to automate and integrate the majority of their business processes,share data,and produce information in a real-time environment are referred to as _______________________________________________________.
or

Question 25

An analysis tool employing statistical techniques to answer business-related questions is referred to as _________________________.

Question 26

Business process reengineering (BPR)is not associated with

A)employee layoffs.
B)outsourcing initiatives.
C)technology acquisition.
D)plant expansion.

Question 27

An advantage of downsizing is

A)decreased costs in the long run.
B)layoffs.
C)one-time losses.
D)reduced communication.

Question 28

Diversity applies to differences in

A)race.
B)religion.
C)culture.
D)all of the above.

Question 29

ERP systems are

A)packaged software.
B)methods of examining processes.
C)ways to downsize.
D)ways to expand geographical operations.

Question 30

ERP systems should help a company

A)improve quality.
B)improve service.
C)reduce overhead.
D)all of the above.

Question 31

An agreement involving two or more firms with complementary core competencies to jointly contribute to the supply chain is referred to as a(n)______________________________.

Question 32

BPR stands for

A)business product reengineering.
B)business purchase reengineering.
C)business process reengineering.
D)business process reduction.

Question 33

The focus of business process reengineering (BPR)is improving

A)products.
B)processes.
C)cost reduction.
D)decision making.

Question 34

In an "end-of-pipe" strategy,managers produce the pollutant,and then clean it up.

Question 35

A management philosophy that allows all workers access to information necessary to do their jobs effectively is referred to as ________________________________________.

Question 36

ERP stands for

A)enterprise resource production.
B)enterprise resource purchasing.
C)enterprise resource planning.
D)enterprise resource processing.

Question 37

A system that accounts for both environmental costs and the impact of environmental issues is referred to as a(n)__________________________________________________.

Question 38

Downsizing may result in a(n)

A)reduction in workforce.
B)restructuring of processes.
C)elimination of noncore businesses.
D)all of the above.

Question 39

Outsourcing and marketing worldwide enable firms to

A)develop new markets.
B)reduce input costs.
C)manage effects of peaks and valleys in local economies.
D)all of the above.

Question 40

Who is not involved in the successful implementation of business process reengineering (BPR)?

A)investors
B)customers
C)suppliers
D)top management

Question 41

A strategic alliance is a

A)packaged software.
B)way for two companies to jointly contribute to the supply chain.
C)way to downsize.
D)method of examining processes.

Question 42

What are enterprise resource planning systems (ERPs)?

Question 43

Define business process reengineering (BPR).

Question 44

Why has BPR usage increased?

Question 45

____ allows a company to accomplish a technology swap.

A)Data mining
B)Strategic alliance
C)Diversity
D)BPR

Question 46

Data mining is used to

A)uncover quality problems.
B)study customer retention.
C)identify cost drivers.
D)all of the above.

Question 47

What are the risks and dangers of downsizing?

Question 48

____ is a philosophy of increasing a firm's performance by involving all workers.

A)Open-book management
B)Data mining
C)Diversity
D)Strategic alliance

Question 49

____ is a way of teaching accounting concepts to financially unsophisticated employees.

A)Data mining
B)Open-book management
C)Game playing
D)BPR

Question 50

EMS has to do with handling

A)pollution.
B)manufacturing.
C)scrap.
D)by-products.

Question 51

Strategic alliances take the form of

A)joint ventures.
B)technology swaps.
C)licensing.
D)all of the above.

Question 52

____ is a characteristic of a company that is best suited for open-book management.

A)Large size
B)Decentralized management
C)Centralized management
D)Service-oriented

Question 53

Disclosing detailed financial information to all employees is a characteristic of

A)open-book management.
B)data mining.
C)diversity.
D)strategic alliance.

Question 54

To make game playing successful,the employees must be able to

A)mine data.
B)form strategic alliances.
C)win.
D)use ERP.

Question 55

For game playing to work,motivation must come from

A)individual employees.
B)lower management.
C)the board of directors.
D)upper management.

Question 56

What is downsizing and how is it accomplished?

Question 57

To what does workforce diversity refer?

Question 58

EMS stands for

A)environmental manufacturing system.
B)employee management system.
C)emergency medical services.
D)environmental management system.

Question 59

____ is (are)a strategy for dealing with environmental effects.

A)End-of-pipe strategies
B)Process improvements
C)Pollution prevention
D)All of the above

Question 60

Data mining

A)is packaged software.
B)is a method of examining processes.
C)uses statistical techniques to solve problems.
D)is a way to downsize.

Question 61

What are the three generic strategies for dealing with environmental effects of operations?

Question 62

What are the characteristics of firms best-suited to open-book management?

Question 63

What forms can strategic alliances take?

Question 64

What is data mining and how is it used?

Question 65

How should employees be motivated so open-book management will succeed?

Question 66

What is open-book management?

Question 67

Define an environmental management system (EMS).

Question 68

Define a strategic alliance.

Question 69

What are the principles of open-book management?