22.

Organizational performance, in the long run, depends on maintaining the status quo regardless of what changes occur
in the external environment.
a. True
b. False
ANSWER: False
RATIONALE: Organizational performance in the long run depends on effectively adapting to the
environment and acquiring the necessary resources to survive.
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 14
LEARNING OBJECTIVES: MGMT.LUSS.16.01-04 - LO: 01-04
NATIONAL STANDARDS: United States - BUSPROG - Analytic - Business knowledge and analytic skills
STATE STANDARDS: United States - IL - DISC: Strategy - Strategic management builds competitive advantage
ACCREDITING STANDARDS: AACSB: Analytic - Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Knowledge

23. Individual and group performance are based on organizational performance.

a. True
b. False
ANSWER: False
RATIONALE: Organizational and group performance are based on individual performance.
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 15-16 and Exhibit 1.4
LEARNING OBJECTIVES: MGMT.LUSS.16.01-04 - LO: 01-04
NATIONAL STANDARDS: United States - BUSPROG - Analytic - Business knowledge and analytic skills
STATE STANDARDS: United States - IL - DISC: Leadership Principles - Other management specific knowledge
and abilities
ACCREDITING STANDARDS: AACSB: Analytic - Analytic skills
TOPICS: Conceptual
KEYWORDS: BLOOMS: Comprehension

24. A leadership theory is a shared mindset that represents a fundamental way of thinking about, perceiving, studying,
researching, and understanding leadership.
a. True
b. False
ANSWER: False
RATIONALE: This is not the definition for a leadership theory.
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 14
LEARNING OBJECTIVES: MGMT.LUSS.16.01-05 - LO: 01-05
NATIONAL STANDARDS: United States - BUSPROG - Analytic - Business knowledge and analytic skills
STATE STANDARDS: United States - IL - DISC: Leadership Principles - Other management specific knowledge
and abilities
ACCREDITING STANDARDS: AACSB: Analytic - Analytic skills