Business Quiz: Principles Of Management

2.

Communication should be:

From Top to Bottom level
From Bottom to top
From Bottom to top
2 ways
None of the given option

Correct Answer

A. 2 ways

Explanation

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).

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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.

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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4.

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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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?

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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6.

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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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?

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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8.

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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9.

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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10.

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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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?

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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12.

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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13.

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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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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1

Business Quiz: Principles Of Management

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

Quiz Preview

Communication should be:

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.

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

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?

Toyota motor company will be called efficient if it produces:

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?

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

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

The time period for the construction of pyramids was:

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?

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

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

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