MGT503 Midterm MCQs 2024 Set 2 by Miss Mehwish
- Type
- Midterm past paper
- Course
- MGT503 Principles of Management
- Size
- PDF 1.8 MB
- Updated
- 23 Oct 2026
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Q1. Which of the following describe(s) a global marketplace?
o
o
o
o
- If an individual has an idea about the prices of three similar cars at different dealers, he or she
o Certainty
o Risk ✔
o
o Threat
Q3. Which of the following is a best approach to counter global market competition?
o
o
o
o
Q4. Which of the following statement best describes "Outcome Orientation"?
o The degree to which employees are encouraged for innovation and risk taking
o
The degree to which managers' focus on results rather on techniques and processes ✔
o The degree to which employees are expected to exhibit precision, analysis, and
attention to detail.
o The degree to which managers' focus on processes and techniques not results
Q5. Which of the following statements best describe(s) the Globalization?
o
o
o
o
- Most of the countries in the world are moving towards globalization due to all of the following
reasons EXCEPT:
o For liberalization in trade
o Refutation of economic power
o To increase efficiency
o For free market economy
o
Refutation of economic power ✔
- XYZ Company has initiated social awareness programs in public primary schools to improve
children's civic sense. This represents that company is:
o Economically responsible
o Legally responsible
o
Socially responsible ✔
o Financially responsible
Q8. Which of the following is NOT a purpose of World Trade Organization (WTO)?
o
o Promote global trade
o Reduce the wasteful activities
o
Promote regional trade with favored nations ✔
- In Pakistan CBR has introduced some new rules of income tax and sales tax and its mandatory
for organizations to follow those laws. This environmental condition is known as:
o o
o Sociocultural
o Economic
- Nestle and ICI have taken steps to address human rights issues in their overseas factories. This
represent that these companies have:
o
Social Screening ✔
o Social acceptance
o None of the given options
o Social responsiveness
Q1. Which of the following describe(s) a global marketplace?
o
o
o
o
- Which of the following approaches to ethical decision-making focuses on the consequences of
an action?
o
o Universalism approach
o
o Moral rights approach
- Which one of the following ethical approaches exemplifies the belief that every person has
fundamental human rights that should be respected as well as protected?
o
o Individualism approach
o Utilitarianism approach
o Rights approach ✅
- Which ethical approach is guided by the principle of "greatest good for the greatest number of
people"?
o Moral-Rights approach
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