The Future of Management – Human Resource Management

1. A lower value of the U.S. dollar means thatA. the American dollar is worth more when purchasing aforeign-made good.B. a dollar would be traded for less foreign currency thannormal.C. the American dollar isn’t backed by gold.D. the dollar can’t be used in international trade.2. In 2050, the projected U.S. non-Hispanic, white populationpercentage is expected to decrease to aboutA. 68%. C. 53%.B. 60%. D. 40%.3. Discussing the future of management, Manager A maintains that we can expect a continuedrise of virtual management and growth in technology. Manager B acknowledgesthat Manager A’s projections are likely, but incomplete. He adds that there will also bean increased focus on ethics and social responsibility, as well as an increased focus ongaining competitive advantages. What is wrong with Manager B’s argument?A. There’s nothing wrong with Manager B’s argument. He’s correct.B. Manager B fails to define ethical social responsibility.C. Manager B is incorrect in projecting an increased focus on competitive advantage.D. Manager B is incorrect in accepting Manager A’s views on the growth of virtualmanagement.4. During a change-planning phase, the change agent communicates informationgathered through diagnosis directly to the affected people. This process is calledA. direct feedback. C. evaluation.B. team building. D. sensitivity training.5. Which one of the following is a benefit of transforming to a virtual organization?A. Change is no longer a concern.B. Productivity increases.C. Monitoring employees is simplified.D. Standard communication methods still apply.6. Suppose the Vietnamese government imposes a tax on imported goods. What is thistax called?A. Embargo C. BoycottB. Quota D. Tariff7. Of the following topics, which one is most likely to be covered in a code of ethics?A. Quality C. ConnectionB. Honesty D. Production8. When the value of exports from a country exceeds the value of the imports into thatcountry, the country experiences a/anA. trade deficit. C. trade surplus.B. balance of payments. D. unfavorable balance of trade.9. To be effective, a code of ethics must beA. voluntary. C. enforced.B. collaborative. D. prepared by top management.Examination, Lesson 5 10710. What is one reason for creating a diverse workforce?A. Employee population is increasingly homogeneous.B. Customer population is decreasingly diverse.C. Increasing diversity minimizes the risk of litigation.D. Retaining top talent means recruiting more Asians.11. Selling products to another country is known asA. diversification. C. trade protectionism.B. exporting. D. comparative advantage.12. A group of shoe manufacturers in the United States, Japan, Germany, and Englandhave pooled resources to gain a larger market. What is this arrangement called?A. Strategic alliance C. Licensing agreementB. Multinational corporation D. Foreign intermediary13. Of the following laws, which one gives the EPA the authority to set standards regardingthe type and quantity of pollutants that industries can discharge into a body of water?A. The Clean Air Act of 1970B. The Toxic Substances Control Act of 1976C. The Clean Water Act of 1977D. The National Environmental Policy Act of 196914. Cuba has fertile land, a warm and sunny climate, and inexpensive labor. Great Britainhas less fertile soil, a colder and rainier climate, and more expensive labor. Given thesame combination of inputs, Cuba would produce much more coffee than Great Britain.Therefore, Cuba has a/an _______ in the production of coffee.A. absolute advantage C. competitive advantageB. licensing advantage D. comparative advantage15. What legislative act makes it illegal to charge different prices to different wholesalecustomers?A. Wheeler-Lea Act of 1938 C. Sarbannes Oxley Act of 2002B. Sherman Act of 1890 D. Clayton Act of 191416. The main purpose of an ERP is toA. monitor the quality of goods in production.B. provide a framework for implementing change in the workplace.C. evaluate a company’s ability to exist in the global marketplace.D. provide instant access to information required for decision making.17. A total ban on the import of a good from a particular country is called a/anA. tariff. C. licensing agreement.B. embargo. D. quota.Examination, 108 Lesson 518. Amazon.com is an example of aA. click-and-mortar online vendor.B. brick-and-mortar virtual organization.C. B2B organization.D. retail outlet with many branches.19. The idea that countries should produce and sell goods that they produce mosteffectively and efficiently is expressed in the concept ofA. absolute advantage. C. international advantage.B. comparative advantage. D. free trade.20. A wholesaler or agent who markets products for companies wanting to do businessabroad is called aA. licensing agent. C. foreign intermediary.B. marketing agent. D. wholesaling agent.

 

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