MGT 503 Quaiz

Quiz Start Time: 12:36 PM Time Left 63
sec(s) Question # 1 of 20 ( Start time: 12:36:12 PM ) Total Marks: 1
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
Quiz Start Time: 12:36 PM Time Left 42
sec(s) Question # 2 of 20 ( Start time: 12:36:48 PM ) Total Marks: 1
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
Quiz Start Time: 12:36 PM Time Left 36
sec(s) Question # 3 of 20 ( Start time: 12:37:46 PM ) Total Marks: 1
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
Quiz Start Time: 12:36 PM Time Left 74
sec(s) Question # 4 of 20 ( Start time: 12:38:49 PM ) Total Marks: 1
Which stage of strategic management process determines; “What the strategy is”?
Select correct option: Formulation stage

Implementation stage

Execution stage

Evaluation stage
Quiz Start Time: 12:36 PM Time Left 74
sec(s) Question # 5 of 20 ( Start time: 12:39:17 PM ) Total Marks: 1
Tax revenues and government grants for a city are called its:
Select correct option: Human resources

Financial resources

Physical resources

Informational resource
Quiz Start Time: 12:36 PM Time Left 39
sec(s) Question # 6 of 20 ( Start time: 12:39:42 PM ) Total Marks: 1
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
Quiz Start Time: 12:36 PM Time Left 39
sec(s) Question # 7 of 20 ( Start time: 12:40:37 PM ) Total Marks: 1
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
Quiz Start Time: 12:36 PM Time Left 52
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
Quiz Start Time: 12:36 PM Time Left 47
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
Quiz Start Time: 12:36 PM Time Left 50
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
Quiz Start Time: 12:36 PM Time Left 62
sec(s)
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
Quiz Start Time: 12:36 PM Time Left 76
sec(s) 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
Quiz Start Time: 12:36 PM Time Left 73
sec(s) 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
Quiz Start Time: 12:36 PM Time Left 72
sec(s) 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
Quiz Start Time: 12:36 PM Time Left 41
sec(s) 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
Quiz Start Time: 12:36 PM Time Left 63
sec(s) 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
Quiz Start Time: 12:36 PM Time Left 73
sec(s) 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

Quiz Start Time: 12:36 PM Time Left 70
sec(s) 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
Quiz Start Time: 12:36 PM
Time Left 71
sec(s)
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