MGT503 Final Term Past Paper 2009

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MGT503- Principles of Management (Session - 1) Time: 120 min Marks: 92

Which of the following is the latest concept in financial control?

1. Economic Market Value
2. Earning Market Value
3. Financial Value Added
4. Economic Value Added

Correct answer: Economic Value Added

Feed forward control is also called as:

1. Preliminary control
2. Post action control
3. Output control
4. Concurrent control

Correct answer: Preliminary control

A -------------------- is a control system that relies on human discretion as a basic part of its process.

1. Cyber control system
2. Non-cybernetic control system
3. Market control system
4. None of the given option

Correct answer: Non-cybernetic control system

-------------------- is a tool for measuring corporate and divisional performance by calculating after-tax operating profit minus the total annual cost of capital.

1. Market value added
2. Economic value added
3. Balanced Scorecard
4. Benchmarking

Correct answer: Economic value added

All of the following are managerial roles identified in Mintzberg’s Model EXCEPT:

1. Informational
2. Interpersonal
3. Functional
4. Decisional

Correct answer: Functional

When managers motivate employees, direct the activities of others and resolve conflicts, they are performing which of the following functions of management?

1. Controlling
2. Organizing
3. Leading
4. Planning

Correct answer: Leading

Who studied work to eliminate inefficient hand-and-body motions?

1. Henri Fayol
2. Frank and Lillian Gilbreth
3. Fredrick Taylor
4. Henry Towne

Correct answer: Fredrick Taylor

Low level management has a complete authority to make decisions in case of:

1. Centralization
2. Decentralization
3. Scalar Chain
4. Order

Correct answer: Decentralization

System approach recognizes that organizations are not:

1. Self-contained
2. Self-controlled
3. Self-discipline
4. Self-motivated

Correct answer: Self-contained

Mega environment is also called:

1. Open environment
2. Close environment
3. Flexible environment
4. General environment

Correct answer: General environment

Sony Corporation’s focus on product innovation is an example of which of the following dimensions of organizational culture?

1. Attention to detail
2. People orientation
3. Outcome orientation
4. Aggressiveness

Which of the following deals with the need of a business to meet only basic economic and legal standards?

1. Social responsibility
2. Social obligation
3. Moral obligation
4. Social responsiveness

Correct answer: Social obligation

NAFTA was established by the Mexican, Canadian and U.S government on:

1. August 12, 1990
2. August 12, 1993
3. August 12, 1994
4. August 12, 1992

Correct answer: August 12, 1994

A society where there is relatively little job mobility and widely practiced lifetime employment would be an example of which of the following dimensions of national culture?

1. Power distance
2. Uncertainty avoidance
3. Short- versus long-term orientation
4. Individualism versus collectivism

Correct answer: Uncertainty avoidance

A situation in which manager can make an accurate decision is called:

1. Certainty
2. Uncertainty
3. Risk
4. Factual

Correct answer: Certainty

"No smoking allowed" is an example of which of the following?

1. Rule
2. Procedure
3. Policy
4. Plan

Correct answer: Rule

"Whenever possible, we promote from within" is an example of which of the following?

1. Rule
2. Procedure
3. Policy
4. Plan

Correct answer: Policy

Aisha uses a decision-making style characterized by low tolerance for ambiguity and a rational way of thinking. What style does Aisha use?

1. Analytic
2. Conceptual
3. Directive
4. Behavioral

Correct answer: Directive

A problem with groupthink is that no one is actually in charge of making the final decision or outcome, which results in:

1. Ambiguous responsibility
2. Role incoherence
3. Role ambiguity
4. Ambiguous delegation

Correct answer: Ambiguous responsibility

Which of the following is NOT one of the three techniques for assessing the environment?

1. Project management
2. Benchmarking
3. Forecasting
4. Environmental scanning

Correct answer: Project management