Mgt503 solved Quizs

Question # 2 of 20 ( Start time: 04:44:30 PM ) Total Marks: 1

Which of the following is a cultural dimension in which people expect others in their group to look after them and protect them when they are in trouble?

Select correct option:

a.       Power distance

b.       Collectivism

c.        Short- versus long-term orientation

d.       Uncertainty avoidance

Question # 3 of 20 ( Start time: 04:45:24 PM ) Total Marks: 1

Which of the following is NOT a valid assumption about rationality?

Select correct option:

a.       The problem is clear and unambiguous

b.       A single well-defined goal is to be achieved

c.        Preferences are clear

d.       Preferences are constantly changing

Question # 4 of 20 ( Start time: 04:46:28 PM ) Total Marks: 1

The specific organizational environment includes which of the following?

Select correct option:

a.       Economic factors

b.       Political conditions

c.        Technological factors

d.       Competitors

Question # 6 of 20 ( Start time: 04:48:54 PM ) Total Marks: 1

ABC Company continues to offer the same quality beauty products it has for the last 10 years. The company is successful and has no current plans for change. Which of the following types of strategies is it employing?

Select correct option:

a.       Growth

b.       Stability

c.        Retrenchment

d.       Combination

Question # 7 of 20 ( Start time: 04:49:32 PM ) Total Marks: 1

Which of the following is a cultural measure of the degree to which people will tolerate risk and unconventional behavior?

Select correct option:

a.       Power distance

b.       Uncertainty avoidance

c.        Short- versus long-term orientation

d.       Individualism versus collectivism

Question # 8 of 20 ( Start time: 04:50:25 PM ) Total Marks: 1

A plan used to operationalize any other kind of plan is called:

Select correct option:

a.       Reaction plan

b.       Specific plan

c.       Directional plan

d.       Action plan

Question # 9 of 20 ( Start time: 04:51:24 PM ) Total Marks: 1

TCS represents what factor to the Pakistan Postal Service in its specific environment?

Select correct option:

a.       Competitor

b.       Supplier

c.        Customer

d.       Government agency

Question # 10 of 20 ( Start time: 04:52:07 PM ) Total Marks: 1

A guest at a hotel complains that the room hasn’t been thoroughly vacuumed. This is an event that occurs occasionally and can be handled with a standardized, routine response. This would be a:

Select correct option:

a.       A programmed decision

b.       Ill-structured decisions

c.        Novel decisions

d.       Non-programmed decisions

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