MGT503 SOLVED PAPERS

               Principles of Management Mgt503 All Mid term

Question No 1 Which of the following is NOT one of Fredrick Taylor's four principles of management?

 ► Avoid cooperation with workers    

 ► scientifically select and then train workers

 ► Divide work and responsibility           

   ► Study tasks scientifically and develop best method to perform it

Question No 2 Which of the following acts as an unambiguous measure of the effectiveness of a business organization?

 ► Efficiency      

   ► Employee satisfaction

        ► Increased revenues     

     ► Profits

Question No 3 Manager's interpersonal skills are known as:

► Understand and motivate others

 ► Coordinate interests and abilities

► Use necessary tools and procedures                     

► Establish the right connections

Question No 4  The managerial functions according to Fayol were:

► organizing, staffing, commanding, coordinating and controlling

► commanding, organizing, planning, coordinating and staffing

► controlling, commanding, organizing, planning and leading

► planning, organizing, commanding, coordinating and controlling

Question No 5 Daimler- Benz, an automobile manufacturer use realistic computer simulations to study collision damage to cars. These simulations give them precise information and avoid the costs of crashing so many test cars. Which of the following approach of management is helping them in reducing their cost?

► Management science                               

► Operations management

► Total quality management                      

 ► Contingency perspective

Question No 6 Mega environment is also called:

► Open environment                         

► Close environment

► Flexible environment                      

► General environment

Question No 7 The belief that a firm's obligation goes beyond that required by law and economics, and includes a pursuit of long-term goals that are good for society is known as:

► Ethical responsibility                            

► Social responsibility                 

► Social obligation                                    

► Social responsiveness

Question No 8 A choice made from two or more alternatives is called: 

► Support         

► System           

► Network               

► Decision

Question No 9 Many decisions fail after the final choice because of the occurrence of which of the following?

► Decision criteria weights were incorrect

► People affected failed to accept the solution

► Satisficing occurred                     ► Choice was wrong

Question No 10 When an organization encounters a serious problem which needs to be solved immediately, it is called:

► Crisis problem    

► Non- Crisis problem    

► Opportunity problem    

► Financial Problem

Question No 11 In which of the following conditions forecasting is considered to be the most accurate?

► Try to predict non-seasonal events              

► Complex forecasting methods are used

► The environment is rapidly changing          

► More people are involved in the process