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
►
► 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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