7. Mary follows McGregor\'s Theory Y approsch to management. She is likely to as

Question

7. Mary follows McGregor's Theory Y approsch to management. She is likely to assume that: A. her subordinates avold responsibilities. 8. the average worker prefers to be directed C. workers D. the average worker has little ambition. E. workers are not capable of self-control can contribute through imagination and ingenuity 8. Any business that is independently owned and operated can be classified as a small business. A. True B. False 9. According to your Ferrell text, all of the following are skills needed by managers A. analytical B. clerical. C. technical. D. conceptual E. human relations 10. The entrepreneurship movement is dectining because of technological advances A. True B. False 11·Legal regulations are not much of a concern in the employee recruitment and selection process. A. True B. False 12. Arthur has been asked to join a new partnership that is developing wind energy technologies. Because the business is high risk, he does not want to be liable for the firm's debts if the project halda. He could till partic pate A general partner B. slacker partner C. bimited partner D. working partner E. contributor 13. Which of the following options ts the most likely to be an advantage of a small business? A Poorly trained staff B. More diverse employees C. Greater flexibility to change D. Better product warranties E. None of the above; small businesses have no advantages over large corporations. is the study of the behavior of individuals and groups in orgnzational settings. A. Work ethic C. Business strategy D. Human relations E. Organizational structure 15. Maria plans to open a bookstore. She ts concerned that she might be held personally liable for the debts of the business should the business fail. Given her concens about personal financial liability, Maria should operate her business as a sole proprietorship A. True B. False

Explanation / Answer

7. Theory Y managers maintain less control and supervision, do not use fear as the primary motivator, and are more democratic in decision making, allowing subordinates to participate in the process. People will exercise self-direction and self-control to achieve objectives to which they are committed. So C is the right option.

8. Small businesses are privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the country and industry. So the answer is true.

9. Simply, managerial skills are the knowledge and ability of the individuals in a managerial position to fulfill some specific managerial activities or tasks. This knowledge and ability can be learned and practiced. However, they also can be acquired through practical implementation of required activities and tasks. Therefore, each skill can be developed through learning and practical experience of the individuals. These skills are:-

According to Robert Katz the skills needed by managers are:-

Technical Skill
Conceptual Skill
Human or interpersonal management skill
Analytical Skill
So the only skill which is surplus for a manager is Clerical skill. Hence B is the right answer.

10. The entrepreneurship movement is declining because of technological advances
false - it's rising! technology is making entrepreneurship easier and more popular

11. When starting the recruiting process, it is important to be aware of certain legal issues in order to minimize risk. Job postings, interview questions, checking references and making job offers all need to be done in a way that meets legal requirements. Hence it is TRUE

12. Next question is Arthur has been asked to join a new partnership that is developing wind energy technologies. Because the business is high risk, he does not want to be liable for the firms debts if the project halda. He could till partic pate A general partner B. slacker partner C. limited partner D. working partner E. contributor

B limited partner is the right answer

A limited partner's liability is limited to his or her initial investment in the business. Limited partnerships are most often used for risky investments where the chance for loss is great

13. Social Invention, Group effort and accomplishing goal are key factors of organisation

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