MGT503 - Online Quiz 4 - VUsolutions

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Question # 1 of 20

It is assumed that a perfectly rational decision maker:

Select correct option: Does not follow rational assumptions

Does not consider value maximizing as an objective

Offers inconsistent decisions

Would be objective and logical


Question # 2 of 20


Power and authority that are concentrated at the upper levels of the organization as much as possible, is called:
Select correct option: Authority

Unity of command

Unity of direction

Centralization


Question # 3 of 20


Strategic plans cover a broader view of the organization and include the formulation of goals, whereas operational plans define ways to:
Select correct option: Maximize the organization’s profits

Achieve the goals

Minimize the number of employees

Provide the most efficient methods of production

Question # 4 of 20


Which stage of strategic management process determines; “What the strategy is”?
Select correct option: Formulation stage

Implementation stage

Execution stage

Evaluation stage



Question # 5 of 20

Tax revenues and government grants for a city are called its:
Select correct option: Human resources

Financial resources

Physical resources

Informational resource


Question # 6 of 20


To determine the _____________, a manager must determine what is relevant or important in resolving the problem.
Select correct option: Geocentric behavior needed

Number of allowable alternatives

Weighting of decision criteria

Decision criteria


Question # 7 of 20


Which of the following refers to the rights inherent to a position that allows a manager to tell subordinates what to do and expect them to do it?
Select correct option: Responsibility

Unity of command

Chain of command

Authority




sec(s) Question # 9 of 20 ( Start time: 12:42:46 PM ) Total Marks: 1
When a manger made a decision and he is uncertain about the outcomes. His decision is likely to be:
Select correct option: Of Poor Quality

Unacceptable

Successful

Risky




sec(s) Question # 10 of 20 ( Start time: 12:43:27 PM ) Total Marks: 1
Which of the following is NOT a process for motivating employees through management by objectives (MBO)?
Select correct option: Managers set objectives for the employees

Managers develop action plans

Managers and employees periodically review the employee's performance

Managers make performance appraisals of employees




sec(s) Question # 11 of 20 ( Start time: 12:44:12 PM ) Total Marks: 1


The threat of new entrants is the extent to which new competitors can easily enter a market. Thus the threat of new entrants for a local restaurant than a automobile company is:
Select correct option: High

Low

Moderate

Equal




Question # 12 of 20 ( Start time: 12:44:57 PM ) Total Marks: 1
Interpersonal and communication skills are often referred to as:
Select correct option: Technical skills

Conceptual skills

People skills

Planning skills



Question # 13 of 20 ( Start time: 12:45:29 PM ) Total Marks: 1
Which famous management thinker developed "Theory Y"?
Select correct option: Douglas McGregor

Abraham Maslow

Frederick Herzberg

Chester Barnard




Question # 14 of 20 ( Start time: 12:45:46 PM ) Total Marks: 1
The time period for the construction of pyramids was:
Select correct option: 10 years

15 years

30 years

20 years



Question # 15 of 20 ( Start time: 12:46:11 PM ) Total Marks: 1
According to Douglas McGregor, __________ represents a pessimistic, negative view of workers, who are considered irresponsible, resistant to change and lacking ambition.
Select correct option: Theory Y

Theory X

Type A

Type B



Question # 16 of 20 ( Start time: 12:46:32 PM ) Total Marks: 1
There are many healthcare products manufacturers. XYZ Company manufactures only personal hygiene products. It markets such products deodorant, body powder, body creams, and exfoliates. Because it only stocks body care and personal hygiene products, it is using _____ strategy.
Select correct option: Prospecting

Emergent

Focus

Cost leadership


Question # 17 of 20 ( Start time: 12:47:25 PM ) Total Marks: 1
The decision-making style that would be very useful for managers at the top of an organization who are responsible for long range planning, need creative solutions and a broad outlook would be:
Select correct option: Conceptual

Analytical

Behavioral

Directive

Question # 18 of 20 ( Start time: 12:47:59 PM ) Total Marks: 1
A primary benefit of MBO is:
Select correct option: Avoid competition

Resistance against new entrance

Improve employee motivation

Increase resources


Question # 19 of 20 ( Start time: 12:48:24 PM ) Total Marks: 1
The greater the risk involves in making a decision, the greater the:
Select correct option: Outcomes

Information available

Rewards

Uncertainty



Question # 20 of 20 ( Start time: 12:48:52 PM ) Total Marks: 1


Straightforward, familiar and easily defined problems are called:
Select correct option:
Unstructured problems
Structured problems
Unique problems
Non-programmed problems


____________________________________

1) What is the basic assumption of situational approaches to leadership?

Increasing worker job satisfaction through consideration behavior will get leaders the best results

Initiating structure for employees by telling them what to do and how to do.

The appropriate leadership style varies from one set of circumstances to another

Effective leaders possess certain traits that are situation specific

2) Which of the following statement is NOT true for productivity?

Productivity is a major goal in virtually every organization

For individual companies, increased productivity means a more competitive cost structure

Productivity is a composite of people and operations variables

Productivity can be improved by dealing with large number of suppliers

3) All of the following are primary management functions EXCEPT:

Setting goals

Hiring employees

Monitoring activities

Motivating employees

Question No: 4 ( Marks: 1 ) - Please choose one

Which one of the following is explaining the Entrepreneur in the best way?

Goals Setter

Decision Maker

Communicator

Initiator

Question No: 5 ( Marks: 1 ) - Please choose one

The success of the business can be judged through:

Customer satisfaction

Achieving of Organizational Goals

Cost price reduction

All of the given options

Question No: 6 ( Marks: 1 ) - Please choose one

LG and Sony electronics agreed to cooperate on developing new technologies. Representatives from each firm meet regularly to coordinate this new venture. Which of the following roles these mangers are playing?

Liaison

Leader

Disseminator

Spokesperson

Question No: 7 ( Marks: 1 ) - Please choose one

Determining the tasks to be accomplished, how the tasks are to be grouped and who is responsible for the various tasks is known as which of the following processes of management?

Planning

Organizing

Leading

Controlling

Question No: 8 ( Marks: 1 ) - Please choose one

Which level of management is responsible for making organization wide decisions and establishing the plans and goals that affect the entire organization?

Non managerial staff

Top management

Middle management

First-line management

Question No: 9 ( Marks: 1 ) - Please choose one

Henry Fayol described principles of management in the form of:

11 points

12 points

14 points

15 points

Question No: 10 ( Marks: 1 ) - Please choose one

When management provides orderly personnel planning and ensures that replacements are available to fill vacancies, it is called :

Division of work

Discipline

Unity of command

Stability of tenure of personnel

Question No: 11 ( Marks: 1 ) - Please choose one

The father of industrial psychology is:

Robert Owen

Hugo Munsterberg

Mary parker Follett

Max Weber

Question No: 12 ( Marks: 1 ) - Please choose one

Environment reacts to the output of organization and provides:

Feed forward

Input

Output

Feedback

Question No: 13 ( Marks: 1 ) - Please choose one

Which of the following styles of decision making is characterized by individuals who prefer complete information and consider several alternatives?

Analytic

Conceptual

Directive

Behavioral

Question No: 14 ( Marks: 1 ) - Please choose one

The intent of which of the following is to reduce uncertainty by playing out potential situations under different specific conditions?

Project management

Scheduling

Environmental analysis

Scenario planning

Question No: 15 ( Marks: 1 ) - Please choose one

This statement shows which of the following attributes of mission statement?

Desired public image

Customers

Location

Self concept

Question No: 16 ( Marks: 1 ) - Please choose one

Which of the following is an area in the environment that if exploited may generate high performance for organization?

Strength

Weakness

Opportunity

Threat

Question No: 17 ( Marks: 1 ) - Please choose one

Which of the following is a system in which specific performance objectives are jointly determined by subordinates and their superiors and progress towards objectives is periodically reviewed?

Management by objective

Management by resources

Management by authority

Management by system

Question No: 18 ( Marks: 1 ) - Please choose one

Most managers believe that if an MBO (program is to be successful, it must start at:

Non-managerial level

Top Level

Middle level

Lower level

Question No: 19 ( Marks: 1 ) - Please choose one

A firm that stops buying supplies from other companies and begins to provide its own supplies, has diversified through:

Forward vertical integration

Backward vertical integration

Forward horizontal integration

Backward horizontal integration

Question No: 20 ( Marks: 1 ) - Please choose one

In BCG matrix which of the following businesses have the largest share of a rapidly growing market?

Cash cow

Question mark

Star

Dogs


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