MGT503 SOLVED QUIZS

Question # 11 of 20 ( Start time: 04:53:36 PM ) Total Marks: 1

Estimated cost of Sydney Opera House was:

Select correct option:

a.       $ 7 Million

b.       $ 102 Million

c.        $95 Million

d.       $ 60 Million

Question # 12 of 20 ( Start time: 04:54:54 PM ) Total Marks: 1

Forecasting techniques fall into which of the following two categories?

Select correct option:

a.       Fixed asset and human capital

b.       Predictive and confirmatory

c.       Quantitative and qualitative

d.       Empirical and conceptual

Question # 13 of 20 ( Start time: 04:55:40 PM ) Total Marks: 1

Which management theory focuses on managing the total organization?

Select correct option:

a.       Scientific management

b.       Administrative management

c.        Behavioral management

d.       Quantitative management

Question # 14 of 20 ( Start time: 04:57:11 PM ) Total Marks: 1

Who presented the Concept of Quality?

Select correct option:

a.       Henri Fayol

b.       Prof.Henry Mintzberg

c.        Frank & Lillian Gilbreth

d.       Prof.Edward Deming

Question # 15 of 20 ( Start time: 04:58:44 PM ) Total Marks: 1

Which of the following approaches to ethical decision-making focuses on the consequences of an action?

Select correct option:

a.       Utilitarian approach

b.       Universalism approach

c.        Moral rights approach

d.       Justice approach

Question # 16 of 20 ( Start time: 04:59:55 PM ) Total Marks: 1

The best way to characterize management is to say that it is:

Select correct option:

a.       Part of the economy

b.       An activity or process

c.        An overcrowded career field

d.       One of the chief difficulties for most firms

Question # 17 of 20 ( Start time: 05:01:26 PM ) Total Marks: 1

Which of the following approach focuses on a set of interrelated and interdependent parts arranged in a manner that produces a unified whole?

Select correct option:

a.       Process

b.       Function

c.       Systems

d.       Contingency

Question # 18 of 20 ( Start time: 05:03:00 PM ) Total Marks: 1

Interest rates, inflation rates, and stock market indexes are all examples of which of the factor of an organization’s general environment?

Select correct option:

a.       Economic

b.       Political

c.        Social

d.       Technological

Question # 20 of 20 ( Start time: 05:04:54 PM ) Total Marks: 1

Strategic plans cover a broader view of the organization and include the formulation of goals, whereas operational plans define ways to:

Select correct option:

a.       Maximize the organization’s profits

b.       Achieve the goals

c.        Minimize the number of employees

d.       Provide the most efficient methods of production