PROMOTE MY BLOG: JUST CLICK BELOW BUTTON

Search Any Paper On This Blog

Wednesday, December 22, 2010

MGT503- Principles of Management Complete Solved FinalTerm Paper 2008

FINALTERM  EXAMINATION
Fall 2008
MGT503- Principles of Management (Session - 3)
Time: 120 min
Marks: 85
Question No: 1    ( Marks: 1 )    - Please choose one
 Which of the following statement shows the starting point in strategic management process?


       ► Analyzing current mission, strategies and objectives
       ► Identifying opportunities and threats
       ► Conducting an environmental scan
       ► Identifying opportunities and weaknesses
   
Question No: 2    ( Marks: 1 )    - Please choose one
 All of the following are the major types of barrier that limit the success of value chain management EXCEPT:

       Technology investments
       Required capabilities
       Organizational factors
       ► Cultural factors
   
Question No: 3    ( Marks: 1 )    - Please choose one
 All of the following are the approaches to designing control systems EXCEPT:

       ► Market control
       ► Economic control
       ► Bureaucratic control
       ► Clan control
 
Question No: 4    ( Marks: 1 )    - Please choose one
 Which of the following control system is used by companies operating in less advanced countries?
       ► Informal
       Centralization
       Direct supervision
       Standardized rules and regulations
   
Question No: 5    ( Marks: 1 )    - Please choose one
 There are three different approaches to designing control systems. Which of the following is used primarily in team-based or less bureaucratic types of organizations?
       ► Market control
       ► Economic control
       ► Bureaucratic control
       ► Clan control

Question No: 6    ( Marks: 1 )    - Please choose one
 Tone of voice, posture and nonverbal facial expressions are examples of which of the following?
       ► Body language
       ► Feelings
       ► Formal communication
       ► Informal Communication
   
Question No: 7    ( Marks: 1 )    - Please choose one
 Which of the following stages and sequence involved in team formation and development?
       ► Introduction, growth, maturity, and decline
       ► Forming, storming, norming, performing, and adjourning
       ► Storming, performing, norming, forming and adjourning
       ► Storming, performing, norming, forming and adjourning
   
Question No: 8    ( Marks: 1 )    - Please choose one
 At Sony (an electronics manufacturer) a special team was selected to work out a marketing plan for its newest product, a voice-activated DVD player, that uses voice recognition commands instead of control buttons.  During their most recent meeting, there was a conflict between a design manager and a marketing representative about whose responsibility it was to draft the marketing plan.  Several members of the team got into a shouting match with one another. This team seems to be at which of the following stages of group development?

       Conflict
       ► Forming
       ► Norming
       Storming
   
Question No: 9    ( Marks: 1 )    - Please choose one
 Men tend to use which of the following leadership style?
       ► Employee-centered
       ► Interpersonal-centered
       ► Charisma -centered
       ► Task-centered
   
Question No: 10    ( Marks: 1 )    - Please choose one
 Which of the following leaders are perceived as agents of radical change rather than as caretakers of the status quo?
       Charismatic
       ► Situational
       ► Readiness
       ► Environmental
  
Question No: 11    ( Marks: 1 )    - Please choose one
 When there is a mismatch between leader’s style and the type of situation in which leaders find themselves, Fiedler suggested that leaders should:

       ► Change their style to fit the situation
       ► Change the situation
       ► Change both leader style and the situation
       ► Change subordinate expectations
   
Question No: 12    ( Marks: 1 )    - Please choose one
 Within Maslow’s hierarchy of needs, the need for belonging is associated with which of the following?
       Physiological needs
       Safety needs
       Social needs
       Esteem needs
   
Question No: 13    ( Marks: 1 )    - Please choose one
 Which of the following are the motivating variables of equity theory?
       Gender, tenure, education and level in organization
       Inputs, outputs, gender and time duration
       Level in organization, power and responsibility
       Outputs, inputs, education and experience
   
Question No: 14    ( Marks: 1 )    - Please choose one
 According to Herzberg's Motivation-Hygiene Theory, which of the following is NOT a hygiene factor?
       Working Conditions
       Salary
       Relationship with supervisor
       Work itself
 
Question No: 15    ( Marks: 1 )    - Please choose one
 Salman enjoys coming to work because of working on a team that is developing a new product. The sense of belonging and friendship he shares with them demonstrates what Maslow categorized as:
       Physiological needs
       Safety needs
       Social needs
       Power needs
   
Question No: 16    ( Marks: 1 )    - Please choose one
 What should a manager do while motivating employees?
       Increase wages and salaries
       Incorporate promotional opportunities
       Recognize individual differences
       Use employee-recognition program

Question No: 17    ( Marks: 1 )    - Please choose one
 Which of the following factor is more important for men than women?
       Opportunity to learn
       Flexibility
       Autonomy
       Convenient
   
Question No: 18    ( Marks: 1 )    - Please choose one
 While addressing the organizational design needs of the small organization which of the following is an important consideration?
       More formalization
       More specialization
       More centralization
       Tall hierarchy of authority
    
Question No: 19    ( Marks: 1 )    - Please choose one
 Which of the following is power that has been legitimated by the organization?



       Responsibility
       Span of control
       Authority
       Accountability

Question No: 20    ( Marks: 1 )    - Please choose one
 Which of the following is best described as, it is any business that is independently owned and operated and is not dominate in its market?

       Corporation
       Entrepreneurship
       Small business
       Strategic alliance
   
Question No: 21    ( Marks: 1 )    - Please choose one
 The accounting department in an organization is an example of which of the following?
       Product departmentalization
       Customer departmentalization
       Functional departmentalization
       Geographical departmentalization

Question No: 22    ( Marks: 1 )    - Please choose one
 The process of assigning authority and responsibility to subordinates to manage a project is called:





       Centralization
       Supervision
       Delegation
       Specialization
   
Question No: 23    ( Marks: 1 )    - Please choose one
 A construction supervisor who sees an impending thunderstorm, tells workers to go home, and secures the site is demonstrating:



       Authority
       Delegation
       Accountability
       Responsibility

Question No: 24    ( Marks: 1 )    - Please choose one
 When the hierarchy of organizational goals is clearly defined, it forms an integrated network of goals which is called:
       Hierarchical-link chain
       Means-ends chain
       Weakest-link chain
       Level-level chain
   
Question No: 25    ( Marks: 1 )    - Please choose one
 Few years before Polka was a leading brand of ice-cream in Pakistan. Than it was purchased by Walls and all its products were replaced with “Walls” name. Here "Walls" adopted which of the following strategy?
       Merger
       Vertical integration
       Acquisition
       Horizontal integration
  
Question No: 26    ( Marks: 1 )    - Please choose one
 In Pakistan China imported goods are available on very inexpensive price. These companies are practicing which of the following strategies?
       Focus Strategy
       Differentiation strategy
       Cost leadership strategy
       Emergent strategy
   
Question No: 27    ( Marks: 1 )    - Please choose one
 Which of the following is the set of strategic alternatives that an organization chooses from, as it manages its operations simultaneously across several industries and several markets?

       Business-level strategy
       Corporate-level strategy
       Functional-level strategy
       Market-level strategy
   
Question No: 28    ( Marks: 1 )    - Please choose one
 Which of the following is the second step of goal setting?
       Evaluate available resources
       Review organization’s mission
       Write down goals
       Estimate expected benefits

Question No: 29    ( Marks: 1 )    - Please choose one
 Which of the following is an area in the environment that if exploited may generate high performance for organization?
       Strength
       Weakness
       Opportunity
       Threat
   
Question No: 30    ( Marks: 1 )    - Please choose one
 A skill and capability that does not enable an organization to choose and implement strategies that support its mission is called its:
       Strength
       Weakness
       Opportunity
       Threat
   
Question No: 31    ( Marks: 1 )    - Please choose one
 Which of the following is a skill and capability held by numerous competing firms?

       Distinctive competencies
       Common strength
       Competitive edge
       Competitive parity
   
Question No: 32    ( Marks: 1 )    - Please choose one
 Mission Statement of Hoover Universal Inc is:
Hoover universal is a diversified multi-industry corporation with strong manufacturing capabilities, entrepreneurial policies and individual business unit autonomy”
 This statement shows which of the following attributes of mission statement?
       Customers
       Location
       Self concept
       Desired public image
   
Question No: 33    ( Marks: 1 )    - Please choose one
 Which of the following plans have clearly defined objectives?


       Directional
       Flexible
       Specific
       Standing
   
Question No: 34    ( Marks: 1 )    - Please choose one
 Rules, procedures and policies are most suitable for which of the following problems?

       ► Well-structured
       ► Ill-structured
       ► Programmed
       ► Non-programmed

Question No: 35    ( Marks: 1 )    - Please choose one
 While purchasing a new car, price, size, gas mileage, color and repair records are examples of which of the following?


       Problems
       Decision criteria
       Scenarios
       Factor weights
   
Question No: 36    ( Marks: 1 )    - Please choose one
 A retail clothing store manager who estimates how much to order for the current spring season based on last spring’s outcomes is operating under what kind of decision-making condition?





       Seasonal
       Risk
       Uncertainty
       Certainty
   
Question No: 37    ( Marks: 1 )    - Please choose one
 The North American Free Trade Agreement includes:

       Mexico, Canada, and the United States
       Mexico, Brazil and Columbia
       Mexico, Canada and the Brazil
       Italy, Canada and the United States

Question No: 38    ( Marks: 1 )    - Please choose one
 A society where there is relatively little job mobility and widely practiced lifetime employment would be an example of which of the following dimensions of national culture?


       Power distance
       Uncertainty avoidance
       Short- versus long-term orientation
       Individualism versus collectivism
   
Question No: 39    ( Marks: 1 )    - Please choose one
 Disney World buys soft drink from coca-cola, food from Sara Lee and papers products from Mead. Coca-cola, Sara Lee and Mead are disney’s:


       Suppliers
       Owners
       Customers
       Competitors
   
Question No: 40    ( Marks: 1 )    - Please choose one
 In a socialist economy, means of production are owned by :
       City
       Country
       Nation
       State
   
Question No: 41    ( Marks: 1 )    - Please choose one
 All of the following are major elements of the mega environment EXCEPT:
       Technological
       Economic
       Socio-cultural
       Competitors
   
Question No: 42    ( Marks: 1 )    - Please choose one
 Which of the following management perspective focuses on decision making, economic effectiveness, mathematical models and use of computers?

       Knowledge management
       Total quality management
       Marketing management
       Quantitative management
  
Question No: 43    ( Marks: 1 )    - Please choose one
 Ali is especially good at communicating company goals to her employees and motivating them to achieve these goals. Ali is practicing which of the following skills?
       Conceptual skills
       Organizational skills
       Technical skills
       Human skills
   
Question No: 44    ( Marks: 1 )    - Please choose one
 Which of the following is not a basic function of management process? 
       Controlling
       Organizing
       Leading
       Working
 
Question No: 45    ( Marks: 1 )    - Please choose one
 Leadership role is more important for:
       Top level managers
       First line managers
       Middle level managers
       Non managerial staff
   
Question No: 46    ( Marks: 1 )    - Please choose one
 To motivate the employees a manager should give them:
       Monetary Incentives
       Promotion
       Appreciation certificates
       All of the given options
   
Question No: 47    ( Marks: 1 )    - Please choose one
 The distinct purpose of an organization is typically expressed in terms of:
       Systematic structure
       A goal or set of goals
       Management competencies
       Vision & Mission statement
   
Question No: 48    ( Marks: 1 )    - Please choose one
 Which of the following is an unofficial way of communication in an organization that  is neither authorized nor supported by an organization?
       ► Noise
       ► Grapevine
       Channel
       Decoding
   
Question No: 49    ( Marks: 1 )    - Please choose one
 All of following are true regarding teams EXCEPT:
       ► Teams are more flexible than traditional departments
       ► Teams are less responsive to a changing environment
       ► Teams can serve as a source of job satisfaction
       Teams better utilize employee talents
  
Question No: 50    ( Marks: 1 )    - Please choose one
 Ali always consults with his employees and uses their suggestions before making a decision. He is demonstrating which type of leadership style?

       Directive
       Achievement-oriented
       Participative
       Supportive
   
Question No: 51    ( Marks: 5 )
 Can individual be so much motivated that his/ her performance declines as a result of excessive efforts ? Discuss.

I think motivation has a limit. If someone in motivating day by day. There will be a situation where he will be not more motivated. Because the resources of organizations are limited. Yes, I think that his performance will be decline on that point. When he reached to his peek of motivation. As we studied that excess of stress is also bad for performance. So excess of motivation also effect performance. And also he will try to work more and more so he will lose his energy and he will feel boredom and sick due to much efforts and hard work.
   
Question No: 52    ( Marks: 10 )
 Describe the significant workplace issues that affect motivation in today's workforce.

In today's organization there are some issues which affect motivation. Some of them which I will discuss are following.
When the horizontal communication of employees are not encouraged.
 When they are not awarded on such good works.
Also there are some points which increase motivation like meeting goals and group discussion between subordinates and managers.
While motivating and individual, manager should see the performance of that employee. So the other employees will also work hard. The managers should not forget the excellent performance of the individuals. And they should be awarded on such performance. 

    
Question No: 53    ( Marks: 10 )
 Explain some of the factors that impact the successful implementation of value chain management strategies.

There are some factors which has impact of successful implementation of value chain management strategies.
 Technology is a factor which affects every strategy in management.  With a good technology a company can produce good products, services, and can deliver its products to customers very easily.
Human resources also affect it. If human resource are healthy and hardworking. The production will be more and more. Good and educated human resource make a company very develop.
Decision process is very important for making strategies. Good decision make a company better while wrong decisions make the company in loss.
Organization structure must be formal and well structured. There must be some rules and policies for working.


Question No: 54    ( Marks: 10 )
 The mission statement of a fast food restaurant chain is:
Our mission is to operate a chain of restaurants that will prepare and serve high quality food on a timely basis and reasonable prices.
Suppose you are CEO of this organization. What kind of strategic, tactical and operational goals your organization will define?

As a CEO of this organization I will make a strategic plan. As I know my goal. But I should act upon it. In my strategic goal I will think and act on future results. I will make 3 types of managers for my company. So I will easily handle the situation. As I am the top manager so I will give orders to middle managers. I will make different departments for the organization. For example, quality control department, quantity control department. Finance department etc. I should think that who will be my costumers? Where will be my products available for costumers? These kinds of questions will help me for good business. For management I will search and choose the best skilled managers.
For the convenient of customers, I will suggest a free home delivery of our product. So the costumers will be interested in our product. We should not forget the price. The price must be reasonable.  

No comments:

Post a Comment

PLEASE COMMENT ABOUT YOUR VISIT AND MY SITE

Note: Only a member of this blog may post a comment.