MGT503- Principles of Management Past MidTerm Paper

MIDTERM  EXAMINATION

Spring 2009

MGT503- Principles of Management (Session - 3)

Time: 60 min

Marks: 50

    

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

 Sulman thinks about his job while playing with his son on the weekend, and he continually volunteers to do extra assignments and project for his department.  These suggest that Sulman has a strong need for :

       ► Esteem

       ► Security

       ► Achievement

       ► Power

   

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

 Asim assigned Khalid a project to be completed by the end of the month and then hold periodic meetings with him to review his progress. Which management function Asim is performing?

       ► Planning

       ► Leading

       ► Controlling

       ► Organizing

   

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

 The single European Union currency is called:

       ► Franc

       ► Franc-mark

       ► Pound

       ► Euro

   

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

 A large chemical company not only dispose off all toxic waste properly as outlined by law, but it also spends $1 million dollars each year on research to determine better processes for all businesses to use in disposing of toxic wastes. This company is exhibiting which of the following?

       ► Social responsibility

       ► Social obligation

       ► Moral obligation

       ► Social responsiveness

   

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

 Ali has decided to implement changes within the production process of his organization. This decision was based upon his review of how well the performance level of the organization is meeting the established goals for the company. He is practicing which of the following management functions.

       ► Planning

       ► Controlling

       ► Leading

       ► Organizing

   

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

 A plan developed to carry out a course of action that is not likely to be repeated in the future is called:

       ► Single-use plan

       ► Specific plan

       ► Reaction plan

       ► Directional plan

   

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

 The intent of which of the following is to reduce uncertainty by playing out potential situations under different specific conditions?

       ► Project management

       ► Scheduling

       ► Environmental analysis

       ► Scenario planning 

   

Question No: 8    ( 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

   

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

 The strap of Ali's bag tore off as he threw it over his shoulder. On the way to school, he stopped at the first store that carries bags, walked in and purchased one from the front rack. Ali has just made which of the following type of decision?

       ► Maximizing

       ► Satisficing

       ► Risky

       ► Optimal

   

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

 Asad spoke out in a meeting in favor of a potential cost savings that would result from a new employee benefits program offered by the company. He later received information that showed that his initial decision about the cost savings was incorrect, but he was too embarrassed to publicly admit that he was wrong, so he stuckby his original statement. Asad is practicing which of the following?

       ► Bounded rationality

       ► Satisficing

       ► Escalation of commitment

       ► Maximizing

   

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

 Aisha wants to sell her house. She makes a decision to sell house to the first person who comes along after getting the initial offer. which of the following she is practicing?

       ► Bounding rationality

       ► Satisficing

       ► Competitive

       ► Optimizing

   

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

 Which of the following aspect of decision making  is based on facts such as costs, revenues and product design specifications?

       ► Decision quality

       ► Escalation of commitment

       ► Optimizing

       ► Satisficing

   

Question No: 13    ( Marks: 1 )    - Please choose one

 In case of a simple problem the assumptions of rationality can be met because of which of the following?

       ► Goals are clear and alternatives are boundless

       ► Goals are unlimited and alternatives are limitless

       ► Goals are clear and alternatives limited

       ► Goals are boundless and alternatives are clear

   

Question No: 14    ( Marks: 1 )    - Please choose one

 Most of the time lower level management of organizations have to deal with problems which are:

       ► Satisficing

       ► Well-structured

       ► Non-programmed

       ► Ill-structured    

   

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

 Putting a decision into action and conveying the decision to the persons who will be affected by it, is known as:

       ► Decision implementation

       ► Rational decision making

       ► Irrational decision making

       ► Problem identification

   

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

 Once a manager has identified a problem, the next step would be the identification of:

       ► Discrepancies

       ► Decision criteria

       ► Scenarios

       ► Factor weights

   

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

 A plant manager of an organization, who is trying to reduce turnover of production workers, notices that turnover has decreased by 10 percent in four months after he introduced a new training program, the manager is at which step in the rational decision-making process?

       ► Identify the problem

       ► Evaluate the decision criteria

       ► Analyze the alternatives

       ► Evaluate the results

   

Question No: 18    ( 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: 19    ( Marks: 1 )    - Please choose one

 The extent to which an alternative can be accomplished within related organizational constraints such as time, budgets, technology and policies is called:

       ► Reversibility

       ► Sustainability

       ► Feasibility

       ► Acceptability

   

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

 A choice made from two or more alternatives is called:

       ► Support

       ► System

       ► Network

       ► Decision

   

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

 An agreement among the Mexican, Canadian and U.S government in which barriers to free trade have been eliminated is called:

       ► NAFTA

       ► ASEAN

       ► EU

       ► WTO

   

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

 Few years ago, employees of a international company took wages cuts to help the firm offset large losses. Now firm is again earning profits and employees believe that their wages should be restored but company is not willing to restore their wages. Organization is showing which of the following behavior?

       ► Unethical

       ► Socially responsible

       ► Ethical

       ► Socioeconomic

   

Question No: 23    ( 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: 24    ( 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

       ► The international element

       ► The economic element

       ► The legal-political element

   

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

 All of the following are the parts of organization’s external environment, EXCEPT:

       ► Culture

       ► Customers

       ► Competitors

       ► Regulators

   

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

 All of the following are the part of organization’s internal environment EXCEPT:

       ► Employees

       ► Owner

       ► Culture

       ► Regulators

   

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

 Task environment is also called:

       ► Specific environment

       ► Goal orientated environment

       ► Open environment

       ► Close environment

   

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

 Mega environment is also called:

       ► Open environment

       ► Close environment

       ► Flexible environment

       ► General environment

   

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

 The Walt Disney company’s movies, theme parks and television programs all benefit one another. Children who enjoy a Disney movie like LION KING want to go to Disney world and see lion king show. They benefits greatly from:

       ► Negative Entropy

       ► Synergy

       ► Transformation

       ► Entropy

    

Question No: 30    ( 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?

       ► Management science

       ► Operations management

       ► Total quality management

       ► Contingency perspective

   

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

 Viewpoint arguing that appropriate managerial action depends on the particular parameters of the situation is called:

       ► Contingency theory

       ► Behavioral theory

       ► Administrative theory

       ► Social theory

   

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

 Chester Barnard saw organizations as a ______system that required human assistance.

       ► Moral

       ► Ethical

       ► Social

       ► Technical

   

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

 Low level management has a complete authority to make decisions in case of:

       ► Centralization

       ► Decentralization

       ► Scalar Chain

       ► Order

   

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

 According to Adam Smith, the division of labor results in:

       ► Increased worker motivation

       ► Decreased worker specialization

       ► Increased worker productivity

       ► Decreased worker motivation

   

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

 According to Mintzberg monitor, disseminator and spokesperson are all:

       ► Interpersonal roles

       ► Informational roles

       ► Decisional roles

       ► Functional roles

   

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

 Hussain is the physician who heads the Critical Care Unit at Mercy Hospital, the most important role that he performs is:

       ► Informational

       ► Decisional

       ► Interpersonal

       ► Functional

   

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

 Controlling contingent situation comes under which of the following roles?

       ► Spokesperson

       ► Monitor

       ► Leader

       ► Disturbance handler

   

Question No: 38    ( 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: 39    ( Marks: 1 )    - Please choose one

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

       ► 15^th century

       ► 17^th century

       ► 20^th century

       ► 18^th century

   

Question No: 40    ( 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

   

Question No: 41    ( Marks: 10 )

 Ali is working as the head of tea unit of a multinational organization. Expenses of tea unit are increasing day by day. He is much worried. He decided to call a meeting and ask for some suggestions to reduce expenses from his subordinates. Different subordinates suggest for the downsizing of research department as it was not working efficiently. Ali still wants to think over this suggestion. What steps he should take to make a rational decision?