Mgmt 311 Quiz 2 Study Guide Rated A+

ch.6 - Albert works as a salesperson making $18 an hour plus 5% of every sale he makes. He receives two weeks of paid vacation a year, as well as 50% matching in a 401K retirement fund. In this scenario, $18 an hour represents Albert's __________. a. commissions b. compensation package c. perquisites d. base pay {Ans: d. base pay}ch.8 - Carla and John disagree about production goals for their office furniture manufacturing company. Carla, the marketing manager, believes the company will be most profitable with a wide variety of desk and chair models that are produced in short runs. John, the production floor supervisor, argues that the production of one model at a time makes the most sense and is, therefore, most profitable. They end up agreeing to do longer runs of fewer models, while still maintaining a modest variety of models to offer their customers. What type of behavioral approach does this decision represent? a. suboptimizing b. administrative modeling c. bounded rationality d. satisficing {Ans: a. suboptimizing}ch. 7 - At what phase of team implementation is performance usually above prior levels? a. phase 1 b. phase 2 c. phase 3 d. phase 4 {Ans: d.