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D072 FUNDAMENTALS FOR SUCCESS IN BUSINESS STUDY QUESTIONS WITH ANSWER ALL 100 % CORRECT 2024-2025 UPDATED GRADED A+. D072 FUNDAMENTALS FOR SUCCESS IN BUSINESS STUDY QUESTIONS WITH ANSWER ALL 100 % CORRECT 2024-2025 UPDATED GRADED A+.
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Distinguish between personal and organizational ethics - Answ Personal ethics refers to the ethics a person identifies with, which guides how they interact with others daily. Organizational ethics focuses on rules, principles and standards in respect to the business' activities Identify how ethics impact outcomes in organizations - Answ · Organizations tainted by questionable ethics suffer by a decline in their consumer base, increase employee turnover, and mistrust from their investor's. · Setting an unrealistic goal can lead to the compromise of ethics and standards. (These tend to happen when the desire for profit outweighs ethical decision-making.) · Organizations who practices good ethical behavior are more likely to flourish and are trusted by their stakeholders. Example of personal ethics - Answ Speaking the truth, respecting elders, and never purposely hurt others Example of professional ethics - Answ Being punctual, refraining from gossip, and having good time management Provide an example of when personal and professional ethics may conflict - Answ Under the 'Code of Conduct,' police officers are obligated to enforce and uphold the law even if they don't agree with it. Police may believe smoking marijuana is ethically wrong, but by law, smoking marijuana is legal. Where does an organization's ethics tend to start? - Answ Organization's ethics tend to start (or fail) from the top (management) then trickle down.
What are the 4 main ethical issues and their roles within organizations? - Answ 1. Societal Issues- Relates to society and getting involve in societal issues out of care and concern.
to the commitments - Answ Company in accordance with their commitment example: Company ABC, states that they are becoming more eco-friendly. They show their commitments by manufacturing in a sustainable way, using renewable products, encouraging employees to recycle, partnering with like-minded people within the community. Company in discord with their commitment example: Company DEF, states that they are becoming more eco-friendly, but their actions are contrary. They don't manufacture in a sustainable fashion, don't practice recycling. All the company's actions are detrimental to the environment. This action is also known as Greenwashing- (company's actions goes against their ethical commitments). What is internal transparency and why is it important? - Answ Internal transparency is the ability of everyone in an organization to exist within a system of openness, communication, and accountability. This is important because of good ethical behavior practice, others can see this behavior and follow suit. Internal transparency is one of the keys to defeating corruption. What is whistleblowing? - Answ Whistleblowing is when someone tells the public or authorities of alleged misconduct in a government department, private company or organization. Whistleblowers are protected under the Sarbanes-Oxley Act (SOX). This law aims at improving transparency in organizations by requiring clear reporting practices. What are the 5 main functions of departments within an organization? - Answ 1. Marketing- customer and market research, target market identification, branding, advertising
the organization's strategic goals. This involves automation of work processes using technology, analyzing, optimizing, and monitoring business processes to improve business performance. BPM can also help outline ethical standards by standardizing decision-making and workflow procedures. Relationship management- utilize initiatives that govern how organization maintains relationships with an audience (relationships between different departments, relationships between individual employees and departments, relationships between business and its consumers, and relationship between business and other businesses). Distinguish between management and leadership - Answ Management involves directing a team of employees to work toward achieving a goal. This includes planning, organizing, and implementing strategies. Although managers are in a position of leadership, not all managers have the qualities of good leadership, and good leaders are not always in management. Leadership is being able to influence a team of employees to work toward achieving a goal. Leaders do so by being encouraging, motivating, and inspiring. List all 3 levels of management - Answ 1. Top management- Presidents, CEOs, Executives, and vice president.
What are the 3 major skills managers should have to manage effectively and accomplish goals? - Answ 1. Technical skills- understanding everyday challenges, proposing solutions, representing the team, redesigning procedures, having a firm grasp of the tools and procedures, and techniques imperative to the department.
What is the Hofstede Model? - Answ Hofstede Model of national culture outlines different cultural dimensions of organizational culture. The dimensions include whether an organization's culture is individualism versus collectivism, power distance, avoidance of uncertainty, masculinity, long-term orientation, and indulgence v restraint. This is critical because managers need to have a basic understanding of international cultures as they can have a direct impact in organizational culture and business relationships. What is Organizational Culture and why does it matter? - Answ Organizational culture is a system of shared assumptions, values, and beliefs of how employees behave within the organizations. (formal/casual attire, how to address management, company values) Organizational culture matters because it can be the company's strongest asset or biggest liability. This goes back to how ethics impact organization. What is Organizational Structure? - Answ Organizational structure is the framework of the implemented culture where the culture dictates how the company should be structured. Organizational structures and systems are traditionally classified as either mechanistic or organic. define the difference between mechanistic and organic organizational structure - Answ Mechanistic organizational structures utilize traditional top- down hierarchy and rigid departmentalization and are best suited to stable environments that contain low uncertainty, such as government agencies. Organic organizational structures are characterized by fluidity and a wider span of control. They work best in unstable, complex, changing environments such as high-tech industries. What is McKinsey 7-S Model? - Answ A model that analyzes the seven key internal aspects of an organization that need to be aligned if it is to achieve its objectives and improve performance. Seven key internal aspects include, strategy, structure, systems, skills, staff, and style, which all revolve around -and are interconnected with the organizational culture (shared values). What is the Attraction-Selection-Attrition Model (A-S-A)? - Answ The A-S-A is a theory that outlines how employees join and leave organizations, based on three interrelated dynamic processes:
· Attraction- Individuals are attracted to an organization which are like themselves in terms of personality and values. · Selection- Organizations are more likely to select those who possess the skills and values like the ones their existing members possess. · Attrition- Those who do not fit into an organization are more likely to leave. Explain how personal values fit within various types of organizations - Answ Personal values fit is assessing whether an organization suits a person who shares the same values and beliefs or not. For example, a person may want to join a company that encourages women empowerment because that is what he/she also values. Another example, a person may join a company that is fast-paced, competitive because it matches with their personality What are the five personality traits? - Answ 1. Openness- Inventive/curious vs. consistent/cautious.
to a successful organization. The coordination of effort within an organization helps people work toward the same goals. Transmitting information is a vital part of this process. Sharing emotions and feelings bonds teams and unites people in times of celebration and crisis. What is a channel? - Answ A channel is the means of passing information from sender to recipient. Channels differ along a scale from rich to lean. Rich channels are more interactive, provide opportunities for two-way communication, and allow both sender and receiver to read nonverbal messages. Lean channels present information without allowing for immediate interaction and often convey "just the facts". look at graph on study guide What are the factors to consider when using a communicative channel? - Answ · Audience and their reaction to the message. · Length of time it takes to convey the message. · Complexity of the message. · The need for permanent record of the communication. · The degree to which the information is confidential. · Cost of the communication. define and describe personal communication - Answ Personal communication refers to the process in which information is exchanged between sender and recipient for personal purposes. · Typically uses relaxed language. · Level of knowledge from audience is usually significant personal. · Being clear, concise, and objective is put aside. · Often meant only for a single audience and oftentimes understandable only to the that audience. define and describe professional communication - Answ Professional communication refers to the exchange of information carried out in a business context, done for the commercial benefit of an organization. · Information exchange is read by an audience you don't know well. · Must be clear, concise, relevant and objective. · Must appeal to and be understood by a more diverse group.
Differentiate the different communication styles - Answ Communication style refers to the dominant way in which a person interacts and exchange information with others. There are four communication types: · Passive Style- Hesitant when speaking about their thoughts, beliefs, and opinions even when they feel they're being wronged. · Aggressive Style- Come across as standing up for their rights while possibly violating the rights of others. · Assertive Style- Respect their rights while respecting the rights of others. · Passive- Aggressive Style- Tend to be passive but later aggressive by perhaps making negative or underhanded comments. Explain Active Listening - Answ Active listening is giving your undivided attention to what other people are saying, taking time to understand the points being made, asking questions as needed, and not interrupting at inappropriate times. Explain Barrier to Effective Communication and list the common barriers - Answ Barrier to Effective Communication is the number of factors that prevent the receiver from receiving and understanding the message accurately. The barriers include: · physical condition · filtering · selective perception, · information overload · semantics · denotation and connotation · emotional disconnects · credibility What is Supportive Communication? and list the 8 attributes - Answ Supportive communication is a communication style that seeks to preserve a positive relationship between the communicators while still addressing the problem at hand. There are 8 attributes to supportive communication.
a person's relative level of intelligence: it is the mental age (as shown by intelligence tests) How can having high EI affect making ethical decisions? - Answ One aspect of emotional intelligence is moral identity, which has to do with the extent to which people want to see themselves as ethical, caring people. People with a strong moral identity are more considerate of others and are also significantly more considerate if they are also good at regulating their emotions Jaden spends 15 - 20 minutes each night writing down his thoughts on self- improvement, and how and why he acts a certain way. What technique for improving EI is this? (meditation, journaling, feedback) - Answ Journaling As part of their employee training, Lisa and Jerome are role playing in some challenging EI situations. Their trainer/coach will provide feedback on what went well and where improvements are needed. What EQ assessment tool is this? (behavioral event interviews, simulation feedback surveys) - Answ simulation feedback Figuring out when to talk and when to listen requires social skills. Active listening should be outwardly focused, with an ____________ listening-to- speaking ratio - Answ 80/ You witness an incident where you see someone display a low EI behavior. Later that day, you visit the person to transparently discuss it. This demonstrates what strategy for developing EI? (Incident debrief, Introduce coaching prorams, Use emotional labels and language when speaking) - Answ incident debrief A manager is meeting with an employee to provide coworkers' feedback on the employee's interpersonal skills. During the meeting, the manager and employee discuss a plan to improve the employee's EI in the workplace. Which method is the manager using to share EI? (Incident debrief, Introduce coaching prorams, Use emotional labels and language when speaking) - Answ providing coaching programs ____________ inspire primarily through intrinsic processes such as internal inspiration, while ______________ motivate primarily through external
rewards and punishments. (Leaders, managers; Managers, leaders) - Answ leaders, managers What are six qualities that a leader may possess? - Answ Integrity, intelligence, extraversion, consientious, open to experience, self-esteem Lady Gaga is a famous singer and song writer who is respected by her peers in the industry. Lady Gaga has what type of power? (Legitimate, reward, coercive, referent) - Answ referent The supervisor who provides employees comp time when they meet an objective she sets for a project is exhibiting what type of power? (Expert, reward, coercive, legitimate) - Answ reward What are the six steps in design thinking? - Answ 1. Empathize—Research your users' needs
one's ________ with the followers' _______ - Answ personal leadership style; level of maturity or preparedness A manager who exhibits ________ style of management provides employees significant freedom, trusts them to use their professional expertise to make sound decisions, and interferes only when necessary. (Autocratic, participative, transformational, laissez-faire) - Answ laissez- faire In an emergency situation, where time is critical; there is little time for group decision-making. This describes what style of leadership? (Autocratic, participative, transformational, laissez-faire) - Answ autocratic Figuring out when to talk and when to listen requires social skills. Active listening should be outwardly focused, with an ____________ listening-to- speaking ratio - Answ 80/ You witness an incident where you see someone display a low EI behavior. Later that day, you visit the person to transparently discuss it. This demonstrates what strategy for developing EI? (Incident debrief, Introduce coaching prorams, Use emotional labels and language when speaking) - Answ incident debrief A manager is meeting with an employee to provide coworkers' feedback on the employee's interpersonal skills. During the meeting, the manager and employee discuss a plan to improve the employee's EI in the workplace. Which method is the manager using to share EI? (Incident debrief, Introduce coaching prorams, Use emotional labels and language when speaking) - Answ providing coaching programs An organization plans to close its local factory and shift manufacturing operations overseas. This brings opposition from employees.Which terms describes this organizational move? Legal-ethical Legal-unethical Illegal-ethical Illegal-unethical - Answ Legal-ethical
The accountant of a company was asked to change the current quarterly sales results by adding sales that were set to occur next quarter.Which stakeholder group is directly impacted by this action? Suppliers Employees Customers Shareholders - Answ Shareholders A U.S. company hires a new employee from Germany. The new employee is being trained by other employees on the company's conflict resolution practices in alignment with the company's mission and ethical standards. As part of the training, the employee identifies how the ethical values of the company are consistent with the employee's values.Which aspect of the company is the employee learning? Organizational culture Organizational leadership International business culture International business success - Answ organizational culture A supervisor assigns an employee to work on a small project that is directly related to a corporate goal, and the employee's skill set makes them the ideal person to accomplish the task. What is this employee's managerial designation? Leader Manager Individual Team member - Answ Individual An employee is involved in providing vision and direction for an organization and developing broad goals designed to move the organization towards that vision.What is this employee's management role in the organization? Top Middle Mentor Front line - Answ Top An employee is involved directly with each of the individuals tasked with working on actionable items designed to pursue goals that will move the
organization towards its vision statement. What is this employee's management role in the organization? Top Mentor Middle Front line - Answ Front line A person that is high in sociability and friendliness is required for a sales job. Which component of personality should be high in the ideal candidate? Openness Neuroticism Extraversion Conscientiousness - Answ Extraversion Which organizational culture is best suited for an individual who is high in conscientiousness? Clan Market Hierarchy Adhocracy - Answ Hierarchy Which individual characteristic should a company search for in new hires in order to avoid an additional screening process to prevent potential person- culture mismatch? High GPA Well accomplished Recommended by current employees Widely connected to the community - Answ Recommended by current employees Which force is defined as the natural proficiency at doing something and complements emotional intelligence in helping individuals collaborate effectively in the workplace? Skill Ability Knowledge Personality - Answ Ability A leader with high emotional intelligence is looking to capitalize on this trait while working with social media. How would the leader do so?
Use social media as a tool to connect multiple stakeholders Use forms of social media with which the leader is most comfortable Use social media as the preferred tool for generating new customers Use social media as the preferred method for communicating with employees - Answ Use social media as a tool to connect multiple stakeholders A supervisor conducts a 90-day evaluation with a new employee. It is recommended that the new employee take more initiative to complete tasks and to persevere, even on the most challenging days. Which technique is the new employee being encouraged to display? Empathy Motivation Self-regulation Self-awareness - Answ Motivation An individual understands a project's goal, selects a group of employees who can work on the task, and encourages the team to begin work towards the desired result. The individual has the knowledge and personality to get the work accomplished successfully.Which behavior does this individual exemplify? Control Managing Leadership Counseling - Answ Leadership A manger was promoted to a new position the previous year but had never been fully accepted by the staff in the department. Over time, the manager made decisions that gained the respect of the employees and was finally accepted as the leader of the department. Which type of power did this manager gain after a period of time in this department? Referent Legitimate Reward Coercive - Answ Referent An employee who has worked at the company for 15 years was recently appointed as chief executive officer (CEO).Which type of power has the employee gained?
Expert Reward Referent Legitimate - Answ Legitimate What is a positive outcome of employees working under a manager with a participative leadership style? High extrinsic rewards Clear role expectations High levels of motivation Specific directions from a manager - Answ High levels of motivation
societies, work tends to be very important to people, gender roles are clear, and work takes priority over other aspects of a person's life, such as family and leisure power distance - Answ the degree to which members of a society accept differences in power and authority high power distance: people are more likely to accept that power inequality is good and acceptable; there are some powerful people in charge and that they are entitled to special benefits low power distance: tend to consider that all members are equal Chase is an entry level worker with a charismatic personality who easily influences his coworkers. this is a type of _______ leadership - Answ informal _____ perform formal functions such as planning, organizing, leading, controlling, and coordinating - Answ managers Dynamo, Inc. has a culture based on energy and creativity. The organization is held together by experimentation, ingenuity, and freedom. Dynamo exhibits what CVF culture? - Answ Adhocracy Tina's cleaning team has a culture based on collaboration. Employees see themselves more as family members who value teamwork and consensus. Tina's cleaning team exhibits what CVF culture? - Answ Clan The Ritz-Carlton is customer obsessed with a main focus of creating incredibly personalized experiences. During interviews, interviewers use a variety of techniques to determine if a candidate is similarly obsessed. this exemplifies: a) attraction b) selection c) attrition d) acculturation - Answ b) selection what type of communication is effortful, exact and less natural? - Answ written ______ communications tend to be richer channels and are well suited for complex or unsettling information - Answ oral
jessica is an accountant, very organized with a straight forward demeanor. jules is more bohemian with a free spirit who tends to go with the flow. what barrier to communication might occur? - Answ filtering identify techniques for enhancing emotional intelligence - Answ observing boundaries, keeping promises, having respect, showing curiosity, listening, and checking emotions list some key attributes of leadership - Answ drive, motivation, integrity, self-confidence, cognitive ability, knowledge of business, charisma, intelligence, extraversion, conscientiousness, openness, and high self esteem when is autocratic leadership best utilized? - Answ when employees have high role ambiguity, low abilities, low intrinsic motivation, and when there is little time for group decision-making when is participative leadership best utilized? - Answ when employees have high abilities, high intrinsic motivation, the decision is relevant to employees, and it impacts a large number of people when is laissez-faire leadership best utilized? - Answ when employees have high abilities and high achievement motivation. when in creative fields in which the team values its freedom Which fact should an individual consider when choosing a channel of communication? a) Selecting a channel may affect the communication budget. b) Choosing a correct channel will ensure delivery of an effective message. c) Identifying the level of interaction and details for each channel provides important information. d) Identifying the correct channel is the most important aspect of the communication process - Answ c) Identifying the level of interaction and details for each channel provides important information Which benefit can occur by using good communication skills? a) Boosted the organization's competitive position b) Increased chances of employment c) Improved shareholder earnings
d) Enhanced accounting accuracy - Answ b) Increased chances of employment A supervisor asks an employee to stay late to complete a personal task for the supervisor. When asked if the employee is willing to stay, the employee says, "I will do whatever you tell me to do," even though the employee is uncomfortable with the request. Which communication style is the employee displaying? a) Passive b) Passive-aggressive c) Aggressive d) Assertive - Answ a) passive Which aspect of effective oral communication is important to remember? a) Choosing the most effective medium to communicate the message b) Managing the time lapse involved with the receiver's interpretation and response c) Removing the focus on the non-verbal dimension of communication d) Paying particular attention to body language and gestures - Answ d) paying particular attention to body language and gestures Which channel of communication is classified as being lean? a) Face-to-face meetings b) Online meetings c) Emails d) Video conferences - Answ c) emails In a departmental meeting, a manager tends to be hyper-critical of the input from one individual. Which barrier to communication is being demonstrated by this manager? a) Selective perception b) Filtering c) Semantics d) Information overload - Answ a) selective perception What is a barrier to effective communication? a) Topic b) Consent c) Credibility d) Time - Answ c) credibility
Employee A is talking to Employee B. When asked about a supervisor's adult child who has just joined the organization, Employee A states, "The apple doesn't fall far from the tree." Employee B indicates that they do not understand this comment. Which communication barrier is present? a) Denotation-correction b) Credibility c) Selective perception d) Information overload - Answ a) denotation-correction In an effort to develop the emotional intelligence of senior managers within their company, human resources is providing training to help the managers correctly understand a situation and respond with the appropriate emotions. Which element of emotional intelligence is the focus of this training? a) Social awareness b) Relationship management c) Self-awareness d) Self-management - Answ c) self-awareness In an effort to develop the emotional intelligence of sales staff within a company, human resources is providing training to help the sales staff better understand and focus on the needs and feelings of others. Which element of emotional intelligence is the focus of this training? a) Social awareness b) Self-awareness c) Relationship management d) Self-management - Answ a) social awareness A new technology company wants to identify a factor that will enhance the ability of their employees to be happier and more productive. Specifically, they want their employees to build relationships and relate well to other people in a way that will help lead to greater overall well-being and a more balanced life. Which factor is being identified? a) Expert power b) Organizational ethics c) Emotional intelligence d) Autocratic leadership - Answ c) emotional intelligence
As part of a company's corporate goals to improve the communities in which they work, it hopes to connect to its employees' desire to see themselves as ethical, caring people. Which aspect of emotional intelligence does this highlight? a) Social awareness b) Relationship management c) Self-awareness d) Moral identity - Answ d) moral identity A company wants to ensure they have ethical leaders who are willing to take risks to do the right thing, even when it is not convenient. They are hoping these leaders will be able to face challenges within the firm and in the marketplace, even if there is reason to be reluctant to face them. Which leadership quality is the company seeking? a) Loyal b) Social awareness c) Courage d) Relationship management - Answ c) courage Which practice should be used to improve emotional intelligence and increase effectiveness in the workplace? a) Seeking to work individually as often as possible b) Promoting one's preferred communication medium c) Respecting others' boundaries d) Hiring others similar to oneself - Answ c) respecting others' boundaries Which quality must leaders possess to lead organizations in an ethical and emotionally intelligent manner? a) Organizational seniority b) Moral strength c) Relationship management skills d) Strong technical experience - Answ b) Moral strength Which component of emotional intelligence deals with the ability to empathize and understand how others feel? a) Self-awareness b) Social awareness c) Self-management d) Relationship management - Answ b) social awareness
An incident debrief is being used as a mechanism to help improve an employee's emotional intelligence. How is this strategy implemented? a) The manager makes a formal complaint to human resources about an employee's low emotional intelligence behavior. b) An employee makes a formal complaint to human resources about a coworker's low emotional intelligence behavior. c) The manager observes an employee's emotional intelligence behavior and provides feedback about it to the employee at a later time. d) An employee who displays low emotional intelligence behavior asks a coworker for constructive feedback on the issue. - Answ c) The manager observes an employee's emotional intelligence behavior and provides feedback about it to the employee at a later time During an incident debrief, an employee is counseled to focus on improving personal competencies. Which action can the employee take to achieve this? a) Choose effective communication channels b) Establish ongoing feedback sessions c) Work on developing empathy d) Self-regulate workplace behavior - Answ d) Self-regulate workplace behavior An employee is not generally mindful of her emotions and does not perceive emotions accurately. In which area of emotional intelligence should this employee improve? a) Self-awareness b) Social skills c) Relationship management d) Self-management - Answ a) Self-awareness Which benefit is enjoyed by managers who are strong in the self-regulation component of emotional intelligence? a) Fewer employee errors b) Faster deliverable times c) Better adaptability d) Lower transparency - Answ c) Better adaptability
Which force is defined as the level of understanding of a subject and complements emotional intelligence to help an individual collaborate effectively in the workplace? a) Knowledge b) Ability c) Skill d) Seniority - Answ a) Knowledge Which tool is used when a manager observes high emotional intelligence behavior in an employee and then later discusses it with the employee in order to reinforce that behavior? a) Team brainstorming b) Performance review c) Employee intervention d) Recognition acknowledgement - Answ d) Recognition acknowledgement An employee expresses that he is mindful of his weaknesses, and he wants to think through how those weaknesses affect the team and the organization as a whole. Which component of emotional intelligence is the employee expressing? a) Social skills b) Self-regulation c) Self-awareness d) Empathy - Answ c) Self-awareness A manager expressed concern that a team member could not perform well due to personal issues. Which aspect of emotional intelligence did the manager display? a) Sympathy b) Empathy c) Motivation d) Social skills - Answ b) Empathy Empathy is displayed when someone is attuned to the emotional signals of others The CMO has been tasked with creating a marketing campaign that involves communication and respect for all customers in Sure Start's international markets. Which leadership approach will support this effort? a) Extraversion
b) Integrity c) Consideration d) Initiation - Answ c) Consideration The COO seeks to identify an employee who represents the Vietnamese culture to create influence in that community for Sure Start. Which base of power is Sure Start trying to identify? a) Expert b) Referent c) Legitimate d) Coercive - Answ b) Referent The CFO asks employees to prioritize their goals for budgeting and is working with the accounting and finance managers to implement this. What base of power is he looking for when working with these managers? a) Expert b) Legitimate c) Coercive d) Referent - Answ b) Legitimate The CMO is engaging stakeholders in the corporate branding so that it works across multiple continents, cultures, and languages. The group is generating ideas for the branding. Which step of the design thinking process has Sure Start started? a) Define b) Test c) Implement d) Ideate - Answ d) Ideate A major corporation's new office in South America follows a leadership style in which decision-making is almost entirely delegated to others with little direction from senior management. Which leadership style is management using in this location? a) Participative b) Autocratic c) Laissez-faire d) Task-oriented - Answ c) Laissez-faire A major corporation's office in Asia follows a leadership style in which the senior managers share the decision-making with the leadership team.