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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