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Friday, December 10, 2010

Complete Midterm Paper MGT503- Principles of Management

MIDTERM EXAMINATION
Fall 2008
MGT503- Principles of Management (Session - 2)

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Question No: 1 ( Marks: 1 ) - Please choose one
Which of the following
courses helps managers gain a better understanding of motivation, leadership, trust, employee selection,
performance appraisals and training techniques?
Psychology
Sociology
Political science
Anthropology 15
Question No: 2 ( Marks: 1 ) - Please choose one
The new business model
reflects today’s reality that:
A large number of competitors are in the world.
Information can be shared and exchanged instantaneously anywhere in the world
People can move from one part to another part of the country easily
Trade barriers are removed
Question No: 3 ( Marks: 1 ) - Please choose one
Which of the following is
NOT one of Fredrick Taylor's four principles of management?
Avoid cooperation with workers 16
Scientifically select and then train workers
Divide work and responsibility
Study tasks scientifically and develop best method to perform it
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Question No: 4 ( Marks: 1 ) - Please choose one
Which of the following is
called father of scientific management?
Henri Fayol
Max Weber
Fredrick W. Taylor 17
Abraham Maslow
Question No: 5 ( Marks: 1 ) - Please choose one
All of the following are
values of studying management EXCEPT:
Recognizes the important role that management and managers play in society
Provides essential knowledge to be effective in managerial positions
Gives you insight into your personality and behavior
Gives insight into the way that organizations work
Question No: 6 ( Marks: 1 ) - Please choose one
Which one of the
following is explaining the Entrepreneur in the best way?
Goals Setter
Decision Maker
Communicator
Initiator
Question No: 7 ( Marks: 1 ) - Please choose one
The success of the
business can be judged through:
Customer satisfaction
Achieving of Organizational Goals
Cost price reduction
All of the given options
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Question No: 8 ( Marks: 1 ) - Please choose one
The most important
point of Prof. Edward Deming’s Philosophy was:
Achieving the Goals
Consistency of Purpose
Wastage of the resources should be minimized
Collaboration among the members
Question No: 9 ( Marks: 1 ) - Please choose one
Which of the following is
most important characteristic of an entrepreneur?
Planning
Communication
Rapid decision making
Goal setting
Question No: 10 ( Marks: 1 ) - Please choose one
Interpersonal roles
include which of the following three roles?
Disseminating, figurehead and liaison
Figurehead, leader and liaison 8
Disturbance handler, monitor and entrepreneur
Monitor, resource allocator and negotiator
Question No: 11 ( Marks: 1 ) - Please choose one
Which level of
management is responsible for making organization wide decisions and establishing the plans and goals that
affect the entire organization?
Non managerial staff
Top management
Middle management
First-line management
Question No: 12 ( Marks: 1 ) - Please choose one
Manager's interpersonal
skills are known as:
Understand and motivate others
Coordinate interests and abilities
Use necessary tools and procedures
Establish the right connections
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Question No: 13 ( Marks: 1 ) - Please choose one
Which of the following is
considered to be the father of modern computing?
Fredrick W Taylor
Abraham Maslow
Charles Babbage 16
Max Weber
Question No: 14 ( Marks: 1 ) - Please choose one
“Specialization increases
output by making employees more efficient” it is called:
Division of work 21
Authority
Scalar chain
Order
Question No: 15 ( Marks: 1 ) - Please choose one
When management
provides orderly personnel planning and ensures that replacements are available to fill vacancies, it is called :
Division of work
Discipline
Unity of command
Stability of tenure of personnel 19
Question No: 16 ( Marks: 1 ) - Please choose one
According to Maslow's
hierarchy of need, a healthy work environment is an example of which of the following need?
Physiological
Esteem
Safety 91
Social
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Question No: 17 ( Marks: 1 ) - Please choose one
Systems that interact
with their environment dynamically are called:
Close systems
Open systems 25
Flexible systems
Social systems
Question No: 18 ( Marks: 1 ) - Please choose one
Inputs, transformation
process, output and feedback are basic elements of:
Administrative approach
Behavioral approach
Qualitative approach
System approach 26
Question No: 19 ( Marks: 1 ) - Please choose one
Environment reacts to
the output of organization and provides:
Feed forward
Input
Output
Feedback 26
Question No: 20 ( Marks: 1 ) - Please choose one
In a socialist economy,
means of production are owned by :
City
Country
Nation
State
Question No: 21 ( Marks: 1 ) - Please choose one
Mega environment, that
includes the attitudes, values, norms, beliefs, behaviors and associated demographic trends that are
characteristics of a given geographic area, is called:
The socio-cultural element 31
The international element
The economic element
The legal-political element
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Question No: 22 ( Marks: 1 ) - Please choose one
Sony Corporation’s
focus on product innovation is an example of which of the following dimensions of organizational culture?
Attention to detail
People orientation
Outcome orientation
Aggressiveness 32
Organizational culture is a system of shared meaning and beliefs within an organization that determines,
in large degree, how employees act. This definition implies several things.
1. Culture is a perception that exists in the organization, not in the individual.
2. Organizational culture is a descriptive term. It describes rather than evaluates.
3. Seven dimensions of an organization’s culture have been proposed:
a. Innovation and risk taking (the degree to which employees are encouraged to be innovative
and take risks)
b. Attention to detail (the degree to which employees are expected to exhibit precision, analysis,
and attention to detail)
c. Outcome orientation (the degree to which managers focus on results or outcomes rather than
on the techniques and processes used to achieve those outcomes)
d. People orientation (the degree to which management decisions take into consideration the
effect on people within the organization)
e. Team orientation (the degree to which work activities are organized around teams rather than
individuals)
f. Aggressiveness (the degree to which people are aggressive and competitive rather than
easygoing and cooperative)
g. Stability (the degree
Question No: 23 ( Marks: 1 ) - Please choose one
The view that
management’s only social responsibility is to maximize profits is called:
Classical view 33
Pre-classical view
Modern view
Historical view
Question No: 24 ( Marks: 1 ) - Please choose one
A large pulp and paper
company meets all federal guidelines and obeys all laws rigorously as it cuts down timber. The primary concern
of this company is compliance and profit maximization for its stockholders. This company is exhibiting which
of the following?
Social responsibility
Social obligation
Moral obligation
Social responsiveness
Question No: 25 ( Marks: 1 ) - Please choose one
An individual’s personal
beliefs regarding what is right and wrong or good and bad is called:
Ethics
Values
Norms
Rituals
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Question No: 26 ( Marks: 1 ) - Please choose one
Which of the following is
a collection of countries that use a common currency?
European common market
European Union
Western European alliance
Economic and monetary union 37
Question No: 27 ( Marks: 1 ) - Please choose one
Scrutinizing the work
situation for changing conditions that may signal the materialization of a problem comes under:
Scanning stage
Categorization stage
Diagnosis stage
Implementation stage
Question No: 28 ( Marks: 1 ) - Please choose one
In decision making
process, ideas should be evaluated on the basis of:
Acceptability
Durability
Accountability
Liability
Question No: 29 ( Marks: 1 ) - Please choose one
Fifth Step in the rational
decision making process is:
Implementation of the alternative
Analyzing alternatives 41
Developing alternatives
Allocating weights to the criteria
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Question No: 30 ( Marks: 1 ) - Please choose one
A situation that offers a
strong potential for significant organizational gain if appropriate actions are taken is called:
Crisis problem
Non- Crisis problem
Opportunity problem 42
Financial Problem
Question No: 31 ( Marks: 1 ) - Please choose one
Which of the following is
a variation of the electronic meeting that links media from different locations?
E-commerce
The Delphi technique
E-Brainstorming
Video conference
Question No: 32 ( Marks: 1 ) - Please choose one
Plans which have the
broadest organizational focus and the longest time frame are called:
Tactical
Strategic 59
Directional
Operational
Question No: 33 ( Marks: 1 ) - Please choose one
Ali is especially good at
communicating company goals to his employees and motivating them to achieve these goals. Ali is practicing
which of the following skills?
Conceptual skills
Organizational skills
Technical skills
Human skills 13
Question No: 34 ( Marks: 1 ) - Please choose one
Decisions which deal
with situations where the factors are fairly structured and occur with some frequency are called:
Heuristic decision
Programmed decision
Satisficing decision
Non-programmed decision
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Question No: 35 ( Marks: 1 ) - Please choose one
A single use plan of less
scope and complexity which may be a part of broader program or may be a self contained plan is called:
A program
A project
A policy
A rule
Question No: 36 ( Marks: 1 ) - Please choose one
Which one of the
following plans has clearly defined objectives?
Directional
Flexible
Specific 60
Standing
Question No: 37 ( Marks: 1 ) - Please choose one
Which one of the
following functions or activities involves in recruiting and placing qualified personnel needed for the
organization so that it may achieve its objectives and goals?
Planning
Organizing
Staffing
Leading
Question No: 38 ( Marks: 1 ) - Please choose one
Which of the following
was created by the unification of 12 countries in Europe?
European Common Market
European Union 37
Western European Alliance
Trans-European Market
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Question No: 39 ( Marks: 1 ) - Please choose one
People who make fast
decisions and focus on short run prefer which of the following decision making styles?
Behavioral style
Analytic style
Conceptual style
Directive style
a. Directive style – people using the directive style have low tolerance for ambiguity and are rational in their way of thinking.
They’re efficient and logical. Directive types make fast decisions and focus on the short run. Their efficiency and speed in
making decisions often result in their making decisions with minimal information and assessing few alternatives.
Question No: 40 ( Marks: 1 ) - Please choose one
Which of the following
decision making techniques requires a panel of experts?
Interacting group
Delphi technique
Nominal group
Brainstorming
Question No: 41 ( Marks: 10 )
Suppose a large
wholesale firm has appointed a new distribution manager whose job is to manage one hundred truck drivers
and to coordinate standard truck routes in the most efficient fashion. Which management theory he should
apply to complete his job tasks efficiently?
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