MGT503- Principles of Management FinalTerm Paper

FINALTERM  EXAMINATION

Fall 2008

MGT503- Principles of Management (Session - 3)

Time: 120 min

Marks: 85

http://www.allvupastpapers.blogspot.com/      

Question No: 1    ( Marks: 1 )    - Please choose one

 Which of the following is the obligation or expectation to perform a duty?

       ► Responsibility

       ► Unity of command

       ► Chain of command

       ► Span of control

   

Question No: 2    ( Marks: 1 )    - Please choose one

 All of the following are a major overall benefit of sharing information with partners in the value chain EXCEPT:

       ► Improved customer service

       ► Accelerated delivery

       ► Increased employee satisfaction

       ► Cost savings

   

Question No: 3    ( Marks: 1 )    - Please choose one

 Control that prevents anticipated problems is called:

       ► Feed forward control

       ► Concurrent control

       ► Feedback control

       ► Management control

   

Question No: 4    ( Marks: 1 )    - Please choose one

 Which of the following is the correct order of the interpersonal communication process? 

       ► Sender > message > encoding > receiver > feedback > decoding > message

       ► Sender > message > encoding > receiver > decoding > message > feedback

       ► Sender > encoding > message > receiver > decoding > message > feedback

       ► Sender > message > encoding > receiver > feedback > decoding > message

   

Question No: 5    ( Marks: 1 )    - Please choose one

 A leader who involves employees in decision making, delegates authority and allows employees to have direct input into the final decision is using which of the following leadership style?

       ► Democratic-participative

       ► Laissez-faire

       ► Autocratic

       ► Democratic-consultative

  http://www.allvupastpapers.blogspot.com/      

 

Question No: 6    ( Marks: 1 )    - Please choose one

 Which of the following best describes this statement"The degree to which the individual believes that performing at a particular level is instrumental in attaining the desired outcome"?

       ► Valence of a reward

       ► Valence

       ► Effort performance linkage

       ► Instrumentality or performance-reward linkage

   

Question No: 7    ( Marks: 1 )    - Please choose one

 Which of the following theory best describes that behavior is a function of consequences?

       ► Reinforcement theory

       ► Goal setting theory

       ► Group dynamics

       ► Theory Y

   

Question No: 8    ( Marks: 1 )    - Please choose one

 According to Maslow, an employee who has a need for more self-respect which has not yet met:

       ► Physiological needs

       ► Safety needs

       ► Social needs

       ► Esteem needs

   

Question No: 9    ( Marks: 1 )    - Please choose one

 Which of the following is a special group presenting unique motivational challenges?

       ► Professionals

       ► Stakeholders

       ► Competitors

       ► Top management

   

Question No: 10    ( Marks: 1 )    - Please choose one

 Which of the following is one of the seven traits associated with leadership?

       ► Fluency of speech

       ► Honesty

       ► Appearance

       ► Social class

 http://www.allvupastpapers.blogspot.com/      

  

Question No: 11    ( Marks: 1 )    - Please choose one

 In Equity theory, which of the following term is used for persons, systems or selves against which individuals compare themselves?

       ► Model

       ► Referent

       ► Leader

       ► Professional

   

Question No: 12    ( Marks: 1 )    - Please choose one

 Inequity due to being over-rewarded can be described as which of the following?

       ► O/I a > O/I b

       ► O/I a = O/I b

       ► O/Ib> O/Ia

       ► O/I a < O/I b

   

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

 Self respect, achievement and recognition are the example of which type of need?

       ► Social

       ► Physiological

       ► Self actualization

       ► Esteem

http://www.allvupastpapers.blogspot.com/      

    

Question No: 15    ( 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: 16    ( Marks: 1 )    - Please choose one

 Which group of workers tend to focus on their work as their central life interest?

       ► Contingent

       ► Blue-collar

       ► Professionals

       ► Low-skilled

    

Question No: 17    ( Marks: 1 )    - Please choose one

 An unsatisfied need creates which type of emotion?

       ► Anxiety

       ► Tension

       ► Drive

       ► Pressure

   

Question No: 18    ( Marks: 1 )    - Please choose one

 Which of the following is an internal state that makes certain outcomes appear attractive?

       ► Desire

       ► Need

       ► Fashion

       ► Fad

http://www.allvupastpapers.blogspot.com/      

   

Question No: 19    ( Marks: 1 )    - Please choose one

 A company's "chain of command" is a part of which process?

       ► Span of control

       ► Organizational design

       ► Formalization

       ► Work specialization

   

Question No: 20    ( Marks: 1 )    - Please choose one

 Employees with more training and experience are able to work with less direct supervision which is the characteristics of which of the following?

       ► Wide span of control and a flatter organization

       ► Violates Fayol’s principle of chain of command

       ► A highly centralized organization

       ► Very narrow span of control and more levels of managers

   

Question No: 21    ( Marks: 1 )    - Please choose one

 Which of the following is the set of elements that can be used to configure an organization?

       ► Organization structure

       ► Organization design

       ► Organization chart

       ► Organization rotation

  http://www.allvupastpapers.blogspot.com/      

 

Question No: 22    ( Marks: 1 )    - Please choose one

 Which of the following is one of the most important objectives for small business owners?

       ► Market presence

       ► Growth

       ► Profitability

       ► Innovation

   

Question No: 23    ( Marks: 1 )    - Please choose one

 Which of the following is the most common source of new business financing?

       ► Venture capitalist

       ► Personal resources

       ► Lender

       ► Strategic alliances

   

Question No: 24    ( Marks: 1 )    - Please choose one

 An organization's structure should facilitate which of the following?

       ► Chain of command

       ► Necessity of departmentalization

       ► Achievement of goals

       ► Span of control

   http://www.allvupastpapers.blogspot.com/      

Question No: 25    ( Marks: 1 )    - Please choose one

 What kind of structure does the parent company often provide to support services of its child company?          

       ► Matrix

       ► Divisional

       ► Functional

       ► Team

   

Question No: 26    ( Marks: 1 )    - Please choose one

 The formal right to give orders, make decisions and see that tasks are completed is called:

       ► Centralization

       ► Authority

       ► Responsibility

       ► Decentralization

   

Question No: 27    ( Marks: 1 )    - Please choose one

 Which of the following is a process by which individuals pursue opportunities, fulfill needs and wants through innovation, without regard to the resources they currently control?

       ► Small business ownership

       ► Innovative Management

       ► Entrepreneurship

       ► Privatization

 http://www.allvupastpapers.blogspot.com/      

  

Question No: 28    ( Marks: 1 )    - Please choose one

 In BCG matrix which of the following businesses have a very small share of a market and are not expected to grow?

       ► Star

       ► Dogs

       ► Cash cow

       ► Question mark

   

Question No: 29    ( Marks: 1 )    - Please choose one

 Which of the following is a strategy in which an organization attempts to gain a competitive advantage by reducing its costs below the costs of competing firms?

       ► Focus Strategy

       ► Differentiation strategy

       ► Deliberate strategy

       ► Cost leadership strategy

   

Question No: 30    ( Marks: 1 )    - Please choose one

 All of the following are characteristics of well designed goals EXCEPT:

       ► Written in term of input

       ► Measurable and quantifiable

       ► Challenging but attainable

       ► Communicated to all employees

http://www.allvupastpapers.blogspot.com/      

   

Question No: 31    ( Marks: 1 )    - Please choose one

 Which of the following is the way through which an organization distributes its resources across the areas in which it competes?

       ► Scope

       ► Distinctive Competency

       ► Resource deployment

       ► Effective strategy

   

Question No: 32    ( Marks: 1 )    - Please choose one

 The method by which strategies are operationalized or executed within the organization is called:

       ► Strategy formulation

       ► Strategy implementation

       ► Strategy evaluation

       ► Strategy imitation

   

Question No: 33    ( Marks: 1 )    - Please choose one

 Few years ago Nike has problem with inconsistency of goals. The firm was producing high quality shoes but they were not stylish. As a result company lost substantial market share. In this situation which kind of goal was missing?

       ► Manufacturing goal

       ► Marketing goal

       ► Financial goal

       ► Operational goal

  http://www.allvupastpapers.blogspot.com/      

 

Question No: 34    ( Marks: 1 )    - Please choose one

 When uncertainty is high and management wants to maintain flexibility, which of the following types of plans are preferable?

       ► Long-term plans

       ► No plans

       ► Directional plans

       ► Specific plans

   

Question No: 35    ( Marks: 1 )    - Please choose one

 Which of the following involves allocating resources by detailing what activities have to be done, the order in which they are to be completed, who is to do each and when they are to be completed?

       ► Benchmarking

       ► Budgeting

       ► Competitor intelligence

       ► Scheduling

   

Question No: 36    ( Marks: 1 )    - Please choose one

 All of the following are disadvantages of group decision making EXCEPT:

       ► More time taken to reach a solution

       ► Minority domination

       ► More alternatives are generated

       ► Groupthink decreases effectiveness of decision

 http://www.allvupastpapers.blogspot.com/      

  

Question No: 37    ( Marks: 1 )    - Please choose one

 Ahmed is always concerned about the achievements of subordinates and is receptive to the suggestions from others. He prefers which of the following styles of decision making?

       ► Analytic

       ► Conceptual

       ► Directive

       ► Behavioral

   

Question No: 38    ( Marks: 1 )    - Please choose one

 For the first time, a Textile company is closing one of its plants in Faisalabad. In this situation, which type of decision is being practiced by its Top management?

       ► Satisficing

       ► Programmed

       ►  Non-programmed

       ► Heuristic

 http://www.allvupastpapers.blogspot.com/      

  

Question No: 39    ( Marks: 1 )    - Please choose one

 Assembling additional information and identifying both the nature and the causes of the problem comes under:

       ► Scanning stage

       ► Categorization stage

       ► Diagnosis stage

       ► Implementation stage

   

Question No: 40    ( Marks: 1 )    - Please choose one

 The principle reason for formation of the regional trading alliance in Europe was to reduce the power of the United States and:

       ► Japan

       ► Russia

       ► Canada

       ► Mexico

   

Question No: 41    ( Marks: 1 )    - Please choose one

  The belief that a firm's obligation goes beyond that required by law and economics, and includes a pursuit of long-term goals that are good for society is known as:

       ► Social responsiveness

       ► Ethical responsibility

       ► Social responsibility

       ► Social obligation

  http://www.allvupastpapers.blogspot.com/      

 

Question No: 42    ( Marks: 1 )    - Please choose one

 A form of business exchange or transaction in which the parties interact electronically is called:

       ► E-commerce

       ► E-business

       ► E-shopping

       ► E- trading

   

Question No: 43    ( Marks: 1 )    - Please choose one

 Through technological and managerial process inputs of an organization are transformed into:

       ► Output

       ► Feedback

       ► Feed forward

       ► Transformation

   

Question No: 44    ( Marks: 1 )    - Please choose one

  The bank of New England uses models to figure out how many teller need to be on duty at each location at various times throughout the day. Bank is using which of the following approaches?

http://www.allvupastpapers.blogspot.com/      

       ► Management science

       ► Operations management

       ► Total quality management

       ► Contingency perspective

   

Question No: 45    ( Marks: 1 )    - Please choose one

 Behavioral viewpoint emphasize the need of understanding the various factors affecting the_______ in an organization.

       ► Social behavior

       ► Moral behavior

       ► Ethical behavior

       ► Human behavior

   

Question No: 46    ( Marks: 1 )    - Please choose one

 Which one of the following roles is most important for managers in small firms?    

       ► Disseminator

       ► Leader

       ► Spokesperson

       ► Figurehead

 http://www.allvupastpapers.blogspot.com/      

  

Question No: 47    ( Marks: 1 )    - Please choose one

 Reading periodicals and maintaining personal contacts come under the role of:    

       ► Monitor

       ► Spokesperson

       ► Leader

       ► Negotiator

   

Question No: 48    ( Marks: 1 )    - Please choose one

 Adam Smith wrote his book “The Wealth of Nations” in:

       ► 20^th century

       ► 18^th century

       ► 15^th century

       ► 17^th century

   

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

  http://www.allvupastpapers.blogspot.com/      

 

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 )

 Being an entrepreneur, suppose that you are thinking of starting a new business. Which process would you follow?

   

Question No: 52    ( Marks: 10 )

 Suppose that an organization has some distinctive competencies, how long it will retain those competencies?

   

Question No: 53    ( Marks: 10 )

 Draft guidelines for managers to improve their effectiveness as non verbal communicators.

http://www.allvupastpapers.blogspot.com/      

   

Question No: 54    ( Marks: 10 )

 Discuss how roles, norms, group size, group cohesiveness and status system influence group behavior.

http://www.allvupastpapers.blogspot.com/