MGT503 Midterm Solved Papers by Study With Hamza

MIDTERM EXAMINATION · Fall 2009 · MGT503- Principles of Management (Session - 2)

Q1. Which of the following decision making techniques requires a panel of experts? (1 marks)

1. Interacting group
2. Delphi technique
3. Nominal group
4. Brainstorming

Correct answer: Delphi technique

Q2. Which of the following is an advantage of group decision-making? (1 marks)

1. The group process takes less time
2. Groupthink may occur
3. More decision alternatives are generated
4. One person can dominate the group

Correct answer: More decision alternatives are generated

Q3. As managers move towards the organizational hierarchy, problems are more likely to become which of the following? (1 marks)

1. Well-structured
2. Ill-structured
3. Programmed
4. Non-programmed

Correct answer: Ill-structured

Q4. Programmed decisions minimize the need for managers to: (1 marks)

1. Act alone
2. Make the same decision
3. Exercise discretion
4. Do nothing

Correct answer: Exercise discretion

Q5. Fifth Step in the rational decision making process is: (1 marks)

1. Implementation of the alternative
2. Analyzing alternatives
3. Developing alternatives
4. Allocating weights to the criteria

Correct answer: Analyzing alternatives

Q6. Once a manager has identified a problem, the next step would be the identification of: (1 marks)

1. Discrepancies
2. Decision criteria
3. Scenarios
4. Factor weights

Correct answer: Decision criteria

Q7. In decision making process, ideas should be evaluated on the basis of: (1 marks)

1. Acceptability
2. Durability
3. Accountability
4. Liability

Correct answer: Acceptability

Q8. All of the following are the assumptions of rational decision making EXCEPT: (1 marks)

1. Alternatives are known
2. Possible outcomes known
3. Optimal decision is possible
4. Information is unknown

Correct answer: Information is unknown

Q9. A situation in which manager can make an accurate decision is called: (1 marks)

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

Correct answer: Certainty

Q10. The single EU currency will be called: (1 marks)

1. Franc
2. Franc-mark
3. Pound
4. Euro

Correct answer: Euro

Q11. The customes, mores, values and demographic characteristics of the society in which the organization function are called: (1 marks)

1. The socio-cultural element
2. The legal-political element
3. The economic element
4. The international element

Correct answer: The socio-cultural element

Q12. Systems that are not influenced by and do not interact with their environment are : (1 marks)

1. Open systems
2. Close systems
3. Flexible systems
4. Social systems

Correct answer: Close systems

Q13. Giving prestigious job titles would be one way to satisfy people’s need for (1 marks)

1. Esteem
2. Belongingness
3. Self-actualization
4. Safety

Correct answer: Esteem

Q14. (1 marks)

1. Administrative theorists
2. Pre-classical theorists
3. Classical theorists
4. Behavioral theorists

Correct answer: Behavioral theorists

Q15. (1 marks)

1. Division of work
2. Discipline
3. Unity of command
4. Stability of tenure of personnel

Correct answer: Stability of tenure of personnel

Q16. All of the following are the characteristics of Max Weber’s ideal bureaucracy EXCEPT: (1 marks)

1. Formalization of rules and procedures
2. Impersonality in application of rules and sanctions
3. Receiving orders from one superior only
4. Specialization of labor

Correct answer: Receiving orders from one superior only