Business Quiz: Principles Of Management
Quantitative techniques that had been used for military problems were applied to the business sector
Questions and Answers
- 1.
Which one of the following approaches to management has also been labeled as operations research or management science?
- A.
The qualitative approach
- B.
The quantitative approach
- C.
The experimental approach
- D.
The theoretical approach
Correct Answer
B. The quantitative approachExplanation
The quantitative approach, also called operations research or management science, is the use of Quantitative techniques to improve decision making, and it evolved out of the development of Mathematical and statistical solutions to military problems during World War II. After the war, many Quantitative techniques that had been used for military problems were applied to the business sector.Rate this question:
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- 2.
Communication should be:
- A.
From Top to Bottom level
- B.
From Bottom to top
- C.
From Bottom to top
- D.
2 ways
- E.
None of the given option
Correct Answer
D. 2 waysExplanation
communication can be top-down (e.g. directions and instructions given from superior to sub-ordinate) or it can be bottom-up (e.g. feedback from sub-ordinate to superior).Rate this question:
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- 3.
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.
- A.
Prospecting
- B.
Emergent
- C.
Focus
- D.
Cost leadership
Correct Answer
C. FocusExplanation
A focus strategy entails specializing by establishing a position of overall cost leadership, differentiation, or both, but only within a particular portion, or segment, or an entire market.Rate this question:
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- 4.
What was the focus of Charles Babbage’s (an English mathematician) attention?
- A.
Efficiencies of production
- B.
Division of labor
- C.
Unity of direction
- D.
Centralization
Correct Answer
A. Efficiencies of productionExplanation
Charles Babbage (1792-1871) is considered to be the “father of modern computing.” He foresaw the need for work specialization involving mental work. His management ideas also anticipated the concept of profit sharing to improve productivity.Rate this question:
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- 5.
When Shumaila is comparing actual sales figures with goals established earlier to see if her department met the target, she is performing which of the following functions?
- A.
Planning
- B.
Planning
- C.
Leading
- D.
Controlling
Correct Answer
D. ControllingExplanation
In this scenario, Shumaila is comparing actual sales figures with previously established goals to determine if her department has met the target. This aligns with the function of controlling, which involves monitoring performance and taking corrective actions to ensure that goals are achieved. By comparing actual sales figures with goals, Shumaila is assessing the performance of her department and making necessary adjustments if needed. Therefore, the correct answer is controlling.Rate this question:
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- 6.
Toyota motor company will be called efficient if it produces:
- A.
High quality products at relatively low cos
- B.
· High quality products at relatively high cost
- C.
Quality products at low cost
- D.
Quality products at high cost
Correct Answer
C. Quality products at low costExplanation
Toyota motor company will be considered efficient if it produces quality products at low cost. This means that the company is able to maintain high standards of product quality while keeping the production costs low. By achieving this, Toyota can offer affordable products to consumers without compromising on quality, which is a key factor in determining efficiency.Rate this question:
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- 7.
Which of the following is a comprehensive term describing the way an organization does its work by using electronic (Internet-based) linkages with its key constituencies in order to efficiently and effectively achieve its goals?
- A.
Select correct option
- B.
Electronic commerce
- C.
Electronic business
- D.
Virtual business
- E.
Technologically impaired
Correct Answer
C. Electronic businessExplanation
C. Managing in an E-Business World. Chapter no 10 page no:25 1. E-business (electronic business)—a comprehensive term describing the way an organization does its work by using electronic (Internet-based) linkages with key constituencies in order to efficiently and effectively achieve its goals.Rate this question:
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- 8.
To maximize motivation among today’s diverse workforce, managers need to think in terms of which of the following?
- A.
Flexibility
- B.
Consistency
- C.
Needs
- D.
Wants
Correct Answer
A. FlexibilityExplanation
To maximize motivation among today's diversified work force, managers need to think in terms of being flexible. Many of the so-called family-friendly programmes and flexible working schedules that organizations have developed are a response to the varied needs of a diverse workforce.Rate this question:
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- 9.
When Ali decides to take corrective action and provide damage control, he is acting in which of the following roles?
- A.
Spokesperson
- B.
Figure head
- C.
Negotiator
- D.
Disturbance handler
Correct Answer
D. Disturbance handlerExplanation
2) The disturbance handler takes corrective action when the organization faces important,
unexpected difficultiesRate this question:
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- 10.
The time period for the construction of pyramids was:
- A.
10 years
- B.
15 years
- C.
30 years
- D.
20 years
Correct Answer
D. 20 yearsExplanation
The construction of pyramids typically took around 20 years. This is because building a pyramid was an enormous undertaking that required careful planning, skilled labor, and a significant amount of time. The process involved quarrying and transporting massive stone blocks, shaping them to fit together precisely, and stacking them to create the pyramid's structure. Additionally, the pyramids were often built as tombs for pharaohs, and the construction process included elaborate burial chambers and intricate decorations. All of these factors contributed to the lengthy construction period of approximately 20 years.Rate this question:
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- 11.
Which of the following is NOT one of the situational factors thought to influence the relationship between leader behavior and subordinate motivation to perform in the path-goal theory?
- A.
Preferences of the leader
- B.
Subordinate locus of control
- C.
Characteristics of the work group
- D.
Task structure
Correct Answer
A. Preferences of the leaderExplanation
For reference try lect 38 slide 20/32Rate this question:
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- 12.
When a young child emulates a professional sports star’s behavior, the star has what kind of power over the child?
- A.
Legitimate
- B.
Expert
- C.
Coercive
- D.
Referent
Correct Answer
D. ReferentExplanation
Referent power refers to the influence a person has over others because they are admired, respected, or liked. In this scenario, the professional sports star has referent power over the young child because the child is emulating their behavior. The child looks up to the sports star and wants to be like them, indicating that the sports star has a strong influence over the child due to their admiration and respect for the star.Rate this question:
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- 13.
The socioeconomic view is that management’s social responsibility goes beyond making profits to include: Select correct option:
- A.
Placing members of society on welfare
- B.
Protecting and improving society’s welfare
- C.
Minimizing the welfare of society in exchange for profits
- D.
Protecting and improving the organization’s profits
Correct Answer
B. Protecting and improving society’s welfareExplanation
The socioeconomic view is the view that management’s social responsibility goes well beyond the making of profits to include protecting and improving society’s welfare.
a). The argument behind this view is that corporations are not independent entities responsible only to stockholders.
b). Also, modern organizations are no longer just economic institutionsRate this question:
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- 14.
Which of the following is associated with the classical view of social responsibility? Select correct option:
- A.
Economist Robert Reich
- B.
Concern for social welfare
- C.
Stockholder financial return
- D.
Voluntary activities
Correct Answer
C. Stockholder financial returnExplanation
The classical view is the view that management’s only social responsibility is to maximize profits.
a. Milton Friedman is the most outspoken advocate of this view.
b. He argues that managers’ primary responsibility is to operate the business in the best interests of
the stockholders—the true owners of the organization.Rate this question:
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Aug 24, 2023Quiz Edited by
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May 17, 2010Quiz Created by
Umeed.e.subh
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