MGT503 Solved MCQs from Quizzes

Solved MCQs from new · MGT503 quizzes dated · 4/1/2011

A firm that is involved in two or more distinct businesses is known as:

A diversified company

A ventured company A restructured company A multinational corporation

Organizations that exploit their distinctive competencies often attain above normal economic performance and obtain

Common strength

OvGf0pvK8C&pg=PA204&lpg=PA204&dq=Organizations+that+exploit+their+distincti Which of the following describe(s) a global marketplace?

The entire world is a marketplace

National borders are irrelevant The potential for organizations to grow expands dramatically

The __ of a strategy specifies the range of markets in which an organization will compete

Scope

Distinctive Competency Resource deployment Effective strategy

When a manger made a decision and he is uncertain about the outcomes. His decision is likely to be: Of Poor Quality Unacceptable Successful

Risky

Non-programmed decisions are typically made under a condition of which of the following?

Certainty Low levels of risk

Uncertainty

Reliability Which of the following is part of the 14 principles of management identified by Henri Fayol?

Efficiency

Motivation

9principle . Scalar Chain. The line term refers to the degree to which subordinates are involved in decision making. A well-designed goal should be: Short and very specific about expected outcomes

Written in terms of outcomes rather than actions

Identifiable to even the first-line supervisors Specific and within a manageable time frame Characteristics of Well-Designed Goals

a. Written in terms of outcomes

b. Measurable and quantifiable c. Clear as to a time frame d. Challenging but attainable e. Written down f. Communicated to all organizational members 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 High Low Moderate

Equal

Given by waseem

restaurant and automible company both demand a specific set of expertise and considerable workforce. In addition to this, both demand a good amount of capital to commence the business.

Which of the following BEST describes directional plans?

Flexible plans that set out general guidelines

Stringent plans that establish specific directions Formal plans that provide the directions of how to assemble the product General plans that allow the workers to change the schedule of production

SWOT analysis divides organizational strengths into two categories; common strength and__. Strategic imitation

By waseem: (no confirmation found, but the logic says that in SWOT we try to exploit the OPPORTUNITIES. These opportunities come in form of distinct traits)

Planning is often called the primary management function because it:

Offers some basis for future decision making Creates the vision for the organizational members

Establishes the basis for all the other functions

Sets the tone for the organizational culture

The organization that has developed the capacity to continuously learn, adapt, and change is called:

Virtual organization

Learning organization

Traditional organization Bureaucratic organization

Which of the following is important in effectively implementing the chosen alternative in the decision-making process?

Getting upper-management support Double-checking your analysis for potential errors

Allowing those impacted by the outcome to participate in the process

Ignoring criticism concerning your chosen alternative

Cultivating a learning culture where organizational members systematically gather knowledge and share it with others in the organization so as to achieve better performance is called:

Knowledge management

Technical management Software management Systems management

Which one of the following individuals is most closely associated with scientific management?

Mary Parker Follett Harold Koontz Max Weber

All of the following are steps in objective setting, EXCEPT.

Specify deadlines Allow the employee to actively participate Link rewards to effort

Prioritize goals

Concern for employee motivation is most closely associated with which of the following management approach?

Bureaucracy

Organizational behavior

Scientific management Systems