Midterm - Management 1

80 Questions | Total Attempts: 1676

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Midterm - Management 1 - Quiz

This is the midterm exam of Management 1.


Questions and Answers
  • 1. 
    ________ may be defined as selecting the best course of action in anticipation of future trends so that the desired result may be achieved.
    • A. 

      Decision Making

    • B. 

      Planning

    • C. 

      Organizing

  • 2. 
    If managing an organization is to be pursued vigorously, ______ will be an important and necessary activity.
    • A. 

      Decision Making

    • B. 

      Planing

    • C. 

      Organizing

  • 3. 
    __________ provides a methodical way of achieving desired results and is a useful guide in implementation of activities.
    • A. 

      Plan

    • B. 

      Guide

    • C. 

      Organizer

  • 4. 
    ________ refers to the process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals.
    • A. 

      Strategic planning

    • B. 

      Intermediate planning

    • C. 

      Operational planning

  • 5. 
    __________ refers to the process of determining the contributions that subunits can make with allocated resources.
    • A. 

      Strategic planning

    • B. 

      Intermediate planning

    • C. 

      Operational planning

  • 6. 
    _________ is the process of determining how specific tasks can be best accomplished on time with availble resources.
    • A. 

      Strategic planning

    • B. 

      Intermediate planning

    • C. 

      Operational planning

  • 7. 
    Which of the following is a concern for the top level management?
    • A. 

      Strategic planning

    • B. 

      Intermediate planning

    • C. 

      Operational planning

  • 8. 
    Operational planning is a concern that should be addresed by the midde level management.
    • A. 

      True

    • B. 

      False

  • 9. 
    Operational planning is a concern that should be addressed by the top level management,
    • A. 

      True

    • B. 

      False

  • 10. 
    The first task of the manager is to provide a sense of direction to his firm, division or to this unit.  this panning proces is referred to as ___________.
    • A. 

      Setting Organizational Goals

    • B. 

      Developing Strategies or Tactics for Reach Goals

    • C. 

      Determining Resources Needed

    • D. 

      Setting Standards

  • 11. 
    This step in the planning process is the devising of some means to realize or reach goals.
    • A. 

      Setting Organizational Goals

    • B. 

      Developing Strategies or Tactics for Reach Goals

    • C. 

      Determining Resources Needed

    • D. 

      Setting Standards

  • 12. 
    The ways chosen to realize the goals are called ________ and these will be the cponcern of top management.
    • A. 

      Strategies

    • B. 

      Plan

    • C. 

      Tactic

  • 13. 
    A _______ is a short-term action by management to adjust to negative or external influences and are implemented in support of the firm's strategies.
    • A. 

      Strategies

    • B. 

      Plan

    • C. 

      Tactic

  • 14. 
    When particular sets of strategies or tactics have been devised , the manger will then determine the human and non-human resources required by such strategies or tactics.  This planning process is referred to as _______.
    • A. 

      Setting Organizational Goals

    • B. 

      Developing Strategies or Tactics for Reach Goals

    • C. 

      Determining Resources Needed

    • D. 

      Setting Standards

  • 15. 
    A new business unit will be organized to deal with the buying and selling of construction materials and supplies.  The amount of P50 million shall be set aside to finance the activity.  Qualified persons shall be recruited for the purpose.  What type of resources are needed in this situation?
    • A. 

      Human Resources

    • B. 

      Non-human resources

    • C. 

      Both of the choices

  • 16. 
    This is a planning process where norms are defined to measure the performance. 
    • A. 

      Setting Organizational Goals

    • B. 

      Developing Strategies or Tactics for Reach Goals

    • C. 

      Determining Resources Needed

    • D. 

      Setting Standards

  • 17. 
    _______ may be defined as a quantitative or qualitative measuring device designed to help monitor the performance of people, capital goods or processes.
    • A. 

      Standard

    • B. 

      Strategies

    • C. 

      Tactics

  • 18. 
    This is a written document or blueprint for implementing and controlling an organization's marketing activities related to a particular marketing strategy.
    • A. 

      Marketing plan

    • B. 

      Production plan

    • C. 

      Financial plan

    • D. 

      Human Resources plan

  • 19. 
    This is a written document that states the quantity of output a company must produce in broad terms and by product family.
    • A. 

      Marketing plan

    • B. 

      Production plan

    • C. 

      Financial plan

    • D. 

      Human Reources plan

  • 20. 
    This is a document that summarizes the current financial situation of the firm, analyzes financial needs, and recommends a direction for financial activities.
    • A. 

      Marketing plan

    • B. 

      Production plan

    • C. 

      Financial plan

    • D. 

      Human Reources plan

  • 21. 
    This is a document that indicates the human resources needs of a company detailed in terms of quantity and quality and based on the requirements of the comapny's strategic plan.
    • A. 

      Marketing plan

    • B. 

      Production plan

    • C. 

      Financial plan

    • D. 

      Human Reources plan

  • 22. 
    Plans that are inteded to cover a period of less than a year.
    • A. 

      Short range plans

    • B. 

      Long term plans

    • C. 

      Mid year plans

  • 23. 
    Plans covering a time span of more than a year.
    • A. 

      Short range plans

    • B. 

      Long term plans

    • C. 

      Mid year plans

  • 24. 
    Broad guidelines that aid managers at every level in making decisions about recurring situations or functions.
    • A. 

      Policies

    • B. 

      Procedures

    • C. 

      Rules

  • 25. 
    Plans that describe the exact series of actions to be taken in a given situation.
    • A. 

      Policies

    • B. 

      Procedures

    • C. 

      Rules

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