Business Quiz: Principles Of Management

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  • 1/14 Questions

      Communication should be:

    • From Top to Bottom level
    • From Bottom to top
    • From Bottom to top
    • 2 ways
    • None of the given option
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About This Quiz

Quantitative techniques that had been used for military problems were applied to the business sector

Business Quiz: Principles Of Management - Quiz

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  • 2. 

    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.

    • Prospecting

    • Emergent

    • Focus

    • Cost leadership

    Correct Answer
    A. Focus
    Explanation
    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.

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  • 3. 

    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?

    • Planning

    • Planning

    • Leading

    • Controlling

    Correct Answer
    A. Controlling
    Explanation
    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.

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  • 4. 

    To maximize motivation among today’s diverse workforce, managers need to think in terms of which of the following?

    • Flexibility

    • Consistency

    • Needs

    • Wants

    Correct Answer
    A. Flexibility
    Explanation
    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.

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  • 5. 

    When Ali decides to take corrective action and provide damage control, he is acting in which of the following roles?

    • Spokesperson

    • Figure head

    • Negotiator

    • Disturbance handler

    Correct Answer
    A. Disturbance handler
    Explanation
    2) The disturbance handler takes corrective action when the organization faces important,
    unexpected difficulties

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  • 6. 

    Which one of the following approaches to management has also been labeled as operations research or management science?

    • The qualitative approach

    • The quantitative approach

    • The experimental approach

    • The theoretical approach

    Correct Answer
    A. The quantitative approach
    Explanation
    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.

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  • 7. 

    What was the focus of Charles Babbage’s (an English mathematician) attention?

    • Efficiencies of production

    • Division of labor

    • Unity of direction

    • Centralization

    Correct Answer
    A. Efficiencies of production
    Explanation
    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.

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  • 8. 

    Toyota motor company will be called efficient if it produces:

    • High quality products at relatively low cos

    • · High quality products at relatively high cost

    • Quality products at low cost

    • Quality products at high cost

    Correct Answer
    A. Quality products at low cost
    Explanation
    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.

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  • 9. 

    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?

    • Select correct option

    • Electronic commerce

    • Electronic business

    • Virtual business

    • Technologically impaired

    Correct Answer
    A. Electronic business
    Explanation
    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.

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  • 10. 

    The socioeconomic view is that management’s social responsibility goes beyond making profits to include:  Select correct option:

    • Placing members of society on welfare

    • Protecting and improving society’s welfare

    • Minimizing the welfare of society in exchange for profits

    • Protecting and improving the organization’s profits

    Correct Answer
    A. Protecting and improving society’s welfare
    Explanation
    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 institutions

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  • 11. 

    When a young child emulates a professional sports star’s behavior, the star has what kind of power over the child?

    • Legitimate

    • Expert

    • Coercive

    • Referent

    Correct Answer
    A. Referent
    Explanation
    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.

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  • 12. 

    The time period for the construction of pyramids was: 

    • 10 years

    • 15 years

    • 30 years

    • 20 years

    Correct Answer
    A. 20 years
    Explanation
    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.

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  • 13. 

      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? 

    • Preferences of the leader

    • Subordinate locus of control

    • Characteristics of the work group

    • Task structure

    Correct Answer
    A. Preferences of the leader
    Explanation
    For reference try lect 38 slide 20/32

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  • 14. 

    Which of the following is associated with the classical view of social responsibility?  Select correct option: 

    • Economist Robert Reich

    • Concern for social welfare

    • Stockholder financial return

    • Voluntary activities

    Correct Answer
    A. Stockholder financial return
    Explanation
    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.

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  • Current Version
  • Aug 24, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • May 17, 2010
    Quiz Created by
    Umeed.e.subh
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