Question 1

The term learning organisations is given to those companies that have extensive in-house training programs.

Accepted Answer

The term "learning organizations" refers to companies that continuously transform themselves by facilitating the learning of their members and continuously transforming themselves, not just those with extensive in-house training programs.

Question 2

Which of the following can be used to support and increase ethical behaviour in an organisation?
A)Hire homogeneous employees.
B)Create and use a code of ethics.
C)Limit global activities.
D)Fine employees who do not behave ethically.
E)Use outside resources to monitor ethical behaviours.

Accepted Answer

A code of ethics provides guidelines for employees to follow, helping to ensure that their actions align with the organization's values and ethical standards.

Question 3

Sustainable management is really only concerned that future generations will be able to continue operating businesses profitably.

Accepted Answer

Sustainable management is concerned with achieving economic, social, and environmental sustainability. It involves managing resources in a way that meets the needs of the present without compromising the ability of future generations to meet their own needs. Profitability is important for businesses, but it is only one aspect of sustainable management.

Question 4

Which of the following best describes the contingency approach to management?
A)the approach of Taylor, Fayol and Weber is now considered to be a contingency approach
B)the bureaucratic approach is required at some time in all organisations
C)they are not influenced by, and do not interact with, their environment
D)different and changing situations require managers to use different approaches and techniques
E)the contingency approach depends on specialisation and division of labour

Accepted Answer

The contingency approach to management suggests that different situations and contexts require managers to use different approaches and techniques. This approach advocates for flexibility and adaptation rather than a one-size-fits-all approach. Option A is incorrect as the contingency approach is distinct from the approaches of Taylor, Fayol, and Weber. Option B portrays only one aspect of the bureaucratic approach and is not applicable to all organizations at all times. Option C is incorrect because organizations always interact with their environment, and this interaction influences managerial decision-making. Option E refers to Adam Smith's concept of division of labour, which is not directly related to the contingency approach to management.

Question 5

In a short essay, define 'entrepreneurship' and discuss the three important themes that are prominent in this definition of entrepreneurship.

Accepted Answer

The answer of In a short essay, define 'entrepreneurship' and...

Question 6

According to the textbook, a 'learning organisation' is one that ________.
A)has developed their own in-house training program for staff
B)has developed the capacity to learn, adapt and change continuously
C)has adopted an open systems approach to the development of their staff
D)has cultivated a learning culture where organisational members systematically gather knowledge to share with others
E)actively encourages both entrepreneurship and intrepreneurship within their organisation

Accepted Answer

A learning organisation is one that has the capacity to continuously learn, adapt and change. This includes a focus on learning at all levels, from individual employees to the organisation as a whole.

Question 7

The systems perspective underscores and emphasises the fact that organisations are different, face different circumstances, and thus may require different ways of managing.

Accepted Answer

The answer of The systems perspective underscores and emphasises the...

Question 8

Which of the following best describes the concept of open systems?
A)it is a set of interrelated and interdependent parts
B)they dynamically interact with their environment
C)they are not influenced by, and do not interact with their environment
D)a good analogy is the workings of a clock
E)they are influenced by, but do not interact with, their environment

Accepted Answer

Open systems are characterized by their dynamic interaction with the environment, exchanging information, energy, or resources.

Question 9

According to the textbook, ________ is the responsibility of all organisations to ensure that their operations use all forms of capital - human, natural and financial - in such a way that all stakeholders receive value and that the capital required by future generations is maintained.
A)workplace responsibility
B)carbon emission trading
C)community responsibility audits
D)humanity in the workplace
E)sustainable management

Accepted Answer

The concept described in the question is that of sustainable management, which is the practice of ensuring that all forms of capital are used in a way that allows for long-term, responsible use and maintenance. This involves considering the impact of operations on stakeholders and future generations, and striving to create value for all involved. Therefore, E is the best choice.

Question 10

Write a short essay explaining what has led to the need to operate businesses sustainably.Explain what is meant by 'sustainability' and 'sustainably management'.Explain also what is meant by the 'new industrial revolution' in this context.

Accepted Answer

The answer of Write a short essay explaining what has...

Question 11

All of the following are characteristics of sustainability EXCEPT ________.
A)meeting current organisational needs
B)improving the efficiency of the use of all resource
C)not compromising the ability of future generations to meet their needs
D)competing internationally for resources
E)sustainability can be a path to profit

Accepted Answer

Competing internationally for resources is not a characteristic of sustainability. Sustainability is focused on meeting current needs, improving resource efficiency, and ensuring the ability of future generations to meet their needs. While sustainability can lead to profitability, it is not the sole focus.

Question 12

Research has indicated that the number of Baby Boomers retiring will reach 50 million by 2050.

Accepted Answer

The Baby Boomer generation refers to people born between 1946 and 1964, making the youngest members 86 years old by 2050. The statement likely overestimates the number of Baby Boomers retiring by that year, as many would have already retired or passed away.

Question 13

According to the textbook, the term 'knowledge management' refers to an organisation that ________.
A)has cultivated a learning culture where organisational members systematically gather knowledge to share with others
B)is involved mainly in work that uses the intellectual capacity of their staff
C)has developed the capacity to learn, adapt and change continuously
D)has a program to encourage staff to undertake higher level education
E)is usually a high technology organisation that owns or uses new intellectual property

Accepted Answer

The definition of 'knowledge management' provided in the textbook implies that it involves an organisation that has cultivated a learning culture where members systematically gather and share knowledge. Option A is the most accurate match for this definition. Option B relates to intellectual capacity, but doesn't necessarily imply knowledge management. Option C may be a component of knowledge management, but it is not a comprehensive definition. Option D focuses on education, but not necessarily knowledge management. Option E relates to technology and intellectual property, but not necessarily to knowledge management.

Question 14

In a short essay, discuss what is meant by the concept of learning organisations and why knowledge management is important in contemporary organisations.

Accepted Answer

The answer of In a short essay, discuss what is...

Question 15

Closed systems are neither influenced by nor interact with their environment.

Accepted Answer

Closed systems do not exchange matter with their environment, although they can exchange energy, meaning they are not influenced by nor interact with their environment in terms of material exchange.

Question 16

________ is the process whereby an individual or group of individuals uses organised efforts and means to pursue opportunities to create value and grow by fulfilling wants and needs through innovation and uniqueness, no matter what resources are currently controlled.
A)Management
B)Administration
C)Bureaucracy
D)Entrepreneurship
E)Creativity

Accepted Answer

Entrepreneurship is the process of creating and managing a business venture to generate profit by identifying opportunities, taking calculated risks, and using innovation and creativity to provide unique value to customers. It involves resourcefulness and the ability to leverage available resources to achieve success. Management, administration, and bureaucracy are important in the operation and maintenance of a business but don't capture the essence of entrepreneurship. Creativity is a core aspect of entrepreneurship, but it is not the only one.

Question 17

Which of the following is NOT one of the important themes indicated in the definition of 'entrepreneurship'?
A)the pursuit of opportunities
B)innovation
C)the potential for failure
D)growth
E)revolutionising

Accepted Answer

The answer of Which of the following is NOT one...

Question 18

A ________ organisation is one that has developed the capacity to continuously learn, adapt, and change.
A)virtual
B)learning
C)quality
D)knowledge
E)capitalist

Accepted Answer

A learning organization is an organization that is committed to continuously improve and expand its capabilities to create its future. It encourages and supports learning and continuous improvement at every level, from individual to organizational. Such an organization fosters an environment of trust, innovation, creativity, and collaboration for its employees. Therefore, the best choice for the given statement is a learning organization (option B).

Question 19

________ involves cultivating a learning culture where organisation members systematically gather knowledge and share it with others in the organisation so as to achieve better performance.
A)Systems management
B)Software management
C)Technical management
D)Knowledge management
E)Quality control

Accepted Answer

The description given corresponds to the concept of Knowledge Management, which involves the systematic gathering, creation, sharing, and utilization of knowledge and information within an organization to improve performance and gain a competitive advantage. Systems management, software management, technical management, and quality control may be related to knowledge management, but they do not encompass the full scope of knowledge management activities.

Question 20

All western countries including Australia, France and Scandinavian countries, can be said to have adopted capitalism's emphasis on profits, efficiency and growth.

Accepted Answer

The answer of All western countries including Australia, France and...

Quiz 2: Management History

The term learning organisations is given to those companies that have extensive in-house training programs.

Which of the following can be used to support and increase ethical behaviour in an organisation?

Sustainable management is really only concerned that future generations will be able to continue operating businesses profitably.

Which of the following best describes the contingency approach to management?

In a short essay, define 'entrepreneurship' and discuss the three important themes that are prominent in this definition of entrepreneurship.

According to the textbook, a 'learning organisation' is one that ________.

The systems perspective underscores and emphasises the fact that organisations are different, face different circumstances, and thus may require different ways of managing.

Which of the following best describes the concept of open systems?

According to the textbook, ________ is the responsibility of all organisations to ensure that their operations use all forms of capital - human, natural and financial - in such a way that all stakeholders receive value and that the capital required by future generations is maintained.

Write a short essay explaining what has led to the need to operate businesses sustainably.Explain what is meant by 'sustainability' and 'sustainably management'.Explain also what is meant by the 'new industrial revolution' in this context.

All of the following are characteristics of sustainability EXCEPT ________.

Research has indicated that the number of Baby Boomers retiring will reach 50 million by 2050.

According to the textbook, the term 'knowledge management' refers to an organisation that ________.

In a short essay, discuss what is meant by the concept of learning organisations and why knowledge management is important in contemporary organisations.

Closed systems are neither influenced by nor interact with their environment.

________ is the process whereby an individual or group of individuals uses organised efforts and means to pursue opportunities to create value and grow by fulfilling wants and needs through innovation and uniqueness, no matter what resources are currently controlled.

Which of the following is NOT one of the important themes indicated in the definition of 'entrepreneurship'?

A ________ organisation is one that has developed the capacity to continuously learn, adapt, and change.

________ involves cultivating a learning culture where organisation members systematically gather knowledge and share it with others in the organisation so as to achieve better performance.

All western countries including Australia, France and Scandinavian countries, can be said to have adopted capitalism's emphasis on profits, efficiency and growth.