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Business English Exercises
 

Contemporary theories in management

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Home > Teaching Business English > Business English Lessons, Advanced Level # 227
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contemporary theories in management answer 1
Carter McNamara explains that contemporary theories of management tend to account for and help interpret the rapidly changing nature of today's organizational environments; as before in management history, these theories are prevalent in other sciences as well.

Correct answer: (d) prevalent

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contemporary theories in management answer 2
Contingency theory asserts that when managers make a decision, they must take into account all aspects of the current situation and act on those aspects that are key to the situation at hand: basically, it's the approach of 'it depends'.

Correct answer: (a) account

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contemporary theories in management answer 3
For example, if one is leading troops in the Persian Gulf, an autocratic style is probably best, but if one is leading a hospital or university, a more participative and facilitative leadership style is probably preferred.

Correct answer: (b) autocratic

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contemporary theories in management answer 4
In systems theory, a system is a collection of parts unified to accomplish an overall goal; if one part of the system is removed, the nature of the system is changed as well.

Correct answer: (a) unified

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contemporary theories in management answer 5
For example, a pile of sand is not a system, because if one removes a sand particle, you've still got a pile of sand; on the other hand, a functioning car is a system because if you remove the carburetor, you've no longer got a working car.

Correct answer: (a) carburetor

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contemporary theories in management answer 6
Systems theory has brought about a significant change, or paradigm shift, in the way management studies and approaches organizations.

Correct answer: (a) paradigm

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contemporary theories in management answer 7
Chaos theory recognizes that events indeed are rarely controlled; theorists suggest that systems naturally go to more complexity, and as they do so, these systems become more volatile (or susceptible to cataclysmic events) and must expend more energy to maintain that complexity.

Correct answer: (c) volatile

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contemporary theories in management answer 8
As they expend more energy, they seek more structure to maintain stability, and this trend continues until the system splits, combines with another complex system or falls apart entirely.

Correct answer: (a) apart

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contemporary theories in management answer 9
The main precept behind this theory is the underlying notion of small occurrences significantly affecting the outcomes of seemingly unrelated events.

Correct answer: (a) precept

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contemporary theories in management answer 10
Related to financial markets, proponents of chaos theory believe that price is the very last thing to change for a stock, bond, or some other security, and that price changes can be determined through stringent mathematical equations.

Correct answer: (c) stringent

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