ul LL-L1ER 2017-2018 name : Wed omar StudentNo.: L20/629190147 Management class:

Question

ul LL-L1ER 2017-2018 name : Wed omar StudentNo.: L20/629190147 Management class:- |- 11 .True or False True or False (each 2 points, total 30 points 1) Effectiveness refers to getting the most output from the least amount of input. 2) According to the concept of bounded rationality, managers make decisions rationally, but are limited by their ability to process information 3) The sunk costs error occurs when decision makers forget that current choices cannot correct the past 4) The symbolic view of management impact is useful in explaining the high tunover among sports coaches, who can be considered the "managers" of their teams. 5) In strong organizational cultures, employees have little knowledge of company history or heroes; what is important is present performance. 6) Solidarity in the European Union is being undermined by protectionist pressures in some member countries. 7) When an American company earns profits in a foreign country, those profits are taxed according to the tax laws of the United States. 8) Worldwide population trends indicate that we will witness dwindling labor supply and increasing total global savings rates. The legal approach to going green is also known as the dark green approach. 10) The "white-water rapids" metaphor of change is consistent with Lewin's 9) concept of unfreezing, changing, and refreezing. II) A leadership change can facilitate cultural change.

Explanation / Answer

1) The correct choice is false

Explanation : - Effectiveness refers to doing the right thing at the first time whereas getting most output from least input is efficiency.

2) The correct choice is True

Explanation : - People only have a limited ability to process information and to understand the environment surrounding them. The bounded rational model is based on the premise that managers optimise when they make decisions.

3) The correct choice is false

Explanation : - Sunk cost error is the error of treating non-recoverable earlier expenditures as though they are part of a later decision. It is the refusal to abandon a useless project in which a sum of money has been invested.

4) The correct choice is false

Explanation : - The omnipotent view of management holds that managers are directly responsible for an organization's success or failure. This is useful in explaining the high turnover among sport coaches.

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