Management Quiz - 10

1. Control is of three types – feed forward, concurrent, and feedback control. Which of the following is not an example of feed forward control?
[A]Sales forecast
[B]Budgetary control
[C]Inventory control
[D]Quality control



2. As a practice, though not documented, a brokerage house tries to promote its own employees into a broker's slot whenever one becomes available This is an example of an:
[A]Rule
[B]Procedure
[C]Policy
[D]Norms



3. Which of the following is not a limitation of FW Taylor’s scientific management?
[A]It takes aggressive mechanical view of production and sidelines human aspect at the workplace
[B]It advocates close and strict supervision of work based on authoritarian approach
[C]Production standards are set by the management
[D]It fails to consider internal and external environmental influences upon the organization



4. Ratio Analysis is a performance evaluation technique that involves determining and evaluating financial ratios. In this regard, which of the following ratios measures a firm’s financial risk?
[A]Profitability
[B]Liquidity
[C]Activity
[D]Leverage



5. When a firm buys all or part of another business, such as Philip Morris acquired Kraft and General Foods, the organization redesign is called an
[A]Integration
[B]Merger
[C]Divestiture
[D]Acquisition



6. Establishment of, and the agreement by managers and planners to utilise, consistent assumptions critical to plans under consideration is _______________.
[A]Organization climate
[B]Organization culture
[C]Premising
[D]Strategic planning



7. Which of the following is instrumental in distorting the message in communication?
[A]Sender
[B]Receiver
[C]Noise
[D]Decoding



8. When Vision Informatics Ltd invited external experts for performance appraisal, the employees resisted the move To overcome the resistance, the management invited the leader of the employees’ union to participate in the decision-making process. Which of the following measures to overcome resistance did Vision Informatics adopt?
[A]Participation and involvement
[B]Facilitation and support
[C]Negotiation and agreement
[D]Manipulation and co-optation



9. According to Porter’s Five Competitive Forces Model which of the following pull(s) prices down and push(es) cost of doing business up?
[A]Rivalry
[B]The threat of new entrants
[C]The bargaining power of suppliers
[D]Both (a) and (b) above



10. Middle level management is responsible for
[A]Intermediate strategic plans
[B]Intermediate tactical plans
[C]Long range strategic plans
[D]Long range tactical plans



11. According to Henri Fayol, business operations of an organization can be divided into six activities. Which of the following is not one of those six activities?
[A]Technical
[B]Security
[C]Legal
[D]Financial



12. The process of maintaining the internal balance necessary for survival by importing needed resources from the environment is known as
[A]Negative entropy
[B]Dynamic homeostasis
[C]Differentiation
[D]Equifinality



13. Productivity can be measured in two ways: total productivity and partial productivity. In both the cases it is expressed as a ratio of outputs to inputs. Which one of the following inputs is common to both the measures?
[A]Capital
[B]Energy
[C]Materials
[D]Labor



14. Which of the following statements is/are true?
I. Standing plans are developed for activities that do not recur regularly over a period of time.
II. A policy is a standing plan that specifies the broad parameters within which organization members are expected to operate in pursuit of organization’s goals.
III. Rules are one of the standing plans that spell out specific actions that must be taken or not taken in a given situation.
[A]Only (I) above
[B]Only (II) above
[C]Both (I) and (II) above
[D]Both (II) and (III) above



15. Executives making ethical decisions pass through three stages of moral development – pre-conventional, conventional, and (principle or) post-conventional. Which of the following statements is true of the conventional stage of moral development?
[A]Decisions are influenced exclusively by personal interest
[B]Decisions are made in terms of the rewards and punishments resulting from different types of behavior
[C]Decisions are influenced by the expectations of others
[D]Decisions are influenced by personal ethical principles