Quiznetik

Fundamentals of Economics and Management | Set 7

1. This is a supervisory style which involves high-directive–high-supportive behavior (HD–HS) and is appropriate when interacting with moderate-capability employees.

Correct : C. consultative style

2. Which of the following management substitutes is characterized by formalization, inflexibility, and closely knit work groups?

Correct : C. Characteristics of the organization.

3. Being conscientious, admitting mistakes, and knowing one's strengths and limitations are the skills associated with _______.

Correct : A. Competence

4. The leader's behavior actually makes the leader's style.

Correct : A. True

5. Only managers can be true leaders, because they have the ability to influence others.

Correct : B. False

6. Transformational leadership focuses on middle and first line managers.

Correct : B. False

7. To determine whether one's leadership style is task- or relationship-oriented, the leader must fill in the Least Coworker Participation (LCP) scale.

Correct : B. False

8. The supportive style is largely absent in the autocratic supervisory style.

Correct : A. True

9. Which of the following statements about leadership is false?

Correct : C. When people operate as leaders their role is always clearly established and define

10. Within an organisation, leadership influence will be dependent upon the type of ________ that the leader can exercise over the followers.

Correct : A. Power

11. Which of the following sources of power are among those identified by French and Raven?

Correct : D. All the above

12. Legitimate power is based on the subordinate‟s perception that the leader has a right to exercise influence because of the leader‟s

Correct : A. role or position within the organisation

13. The functional approach to leadership emphasises that

Correct : D. neither of the above

14. Adair claims that the effectiveness of a leader is dependent upon meeting ________areas of need within the work group.

Correct : A. three

15. Needs such as training the group, setting standards and maintaining discipline, and appointing subleaders may be called

Correct : C. team functions

16. Results of the Ohio State Leadership studies indicated that there are two major dimensions of leadership behaviour. What are they?

Correct : B. Consideration and structure

17. Which of the following qualities did the University of Michigan Institute for Social Research find in effective supervisors?

Correct : D. All the above.

18. The ______________ style of leadership is where the focus of power is with the manager. The manager alone exercises decision-making, authority and the control of rewards or punishments.

Correct : C. authoritarian

19. Tannenbaum and Schmidt‟s continuum of possible leadership behaviour identifies four main styles of leadership by the manager. What are they?

Correct : B. Tells, sells, consults and joins

20. Contingency theories of leadership are based on the belief that

Correct : A. there is no single style of leadership appropriate to all situations

21. Vroom and Yetton‟s contingency model of leadership is based on certain aspects of a leader‟s decision, they are

Correct : C. both of the above

22. Another contingency model of leadership is the path-goal theory. This suggests that subordinates will see leadership behaviour as a motivating influence if

Correct : D. all the above

23. Hersey and Blanchard present a form of situational leadership based on the ___________ of the people the leader is attempting to influence.

Correct : A. Readiness

24. When determining the most appropriate form of leadership, which of the following should be considered?

Correct : D. All the above

25. The following four different approaches to management thinking were developed in the first half of the 20th century:

Correct : B. Scientific management, general administrative, quantitative, and organizational behavior.

26. When we classify managers according to their level in the organization they are described as _______.

Correct : B. Top managers, middle managers and supervisors

27. Frederick Taylor and Frank and Lillian Gilbreth were advocates of an approach to management involving the use of scientific method, known as:

Correct : C. Scientific management.

28. Authority, discipline, unity of command, and unity of direction are:

Correct : D. Four of Fayol's fourteen principles of management.

29. Some of the other fields of study that affect management theory or practice include:

Correct : A. Political science, philosophy, anthropology and sociology

30. The philosophy of management known as total quality management developed primarily out of the work of:

Correct : D. W. Edwards Deming

31. Possibly the most important pre-20th century influence on management was:

Correct : B. The industrial revolution.

32. ________________ need involves the desire to affiliate with and be accepted by others.

Correct : B. Belongingness

33. Needs that impel creativity and innovation, along with the desire to have a productive impact on our surroundings are ___________ needs.

Correct : C. Growth

34. Division of labor, authority hierarchy, formal selection, formal rules and regulations, impersonality, and career orientation are all features of:

Correct : A. Weber's ideal type bureaucracy.

35. The decision-making model consists of four styles: directive, analytic, behavioral and _______________.

Correct : A. Conceptual

36. ________ is characteristic of liquidity ratios.

Correct : A. Organization’s ability to meet its current debt obligations

37. __________ is a communication that flows from a higher level to one or more lower levels in the organization.

Correct : D. None of given options

38. 1st stage of group development is ____________.

Correct : C. Forming

39. _____ is an individual's capacity to influence decisions

Correct : D. Power

40. An organizational design with low departmentalization, wide spans of control, authority centralized in a single person and little formalization are characteristics of ________.

Correct : A. Simple structure

41. __________ is the form of departmentalization that groups similar jobs and activities into departments.

Correct : D. A functional structure

42. The main influence on the behavioral science theories were:

Correct : A. Psychology and sociology.

43. ERG theory was introduced by _____________.

Correct : A. Clayton Alderfer

44. __________ is counter to goal-setting theory.

Correct : B. Reinforcement Theory

45. Autocratic, Democratic and Laissez-faire leader behavior styles were introduced by _________.

Correct : A. University of Iowa researcher

46. The difference between an e-business enhanced organization and an e-business enabled organization is:

Correct : D. Only e-business enhanced organizations have e-business units within their organization.

47. __________ is not one of the eight steps in the decision making process.

Correct : D. Delegating the decision making

48. __________ is the capacity to affect the behaviors of others.

Correct : B. Power

49. Which of the following is NOT associated with learning organizations or knowledge management?

Correct : D. PSTN

50. Surroundings are ___________ needs.

Correct : C. Growth

51. The vertical flow of communication from lower level to one or more higher levels is _____________.

Correct : A. Upward communication

52. Inputs necessary for the group to operate are ____________ inputs.

Correct : B. Work Group

53. A__________ is the combining of two or more companies into one organization.

Correct : A. Merger

54. The General Manager‟s meeting was most likely a result of the following management function:

Correct : C. Decision-Making

55. Managers today realize that long-term success can be achieved primarily by satisfying the customer. Customers are demanding quicker service, higher quality, and more _____.

Correct : A. Value for their money

56. 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:

Correct : C. Social responsibility

57. Challenging goals usually lead to __________ performance from individuals and groups.

Correct : A. Higher

58. Which of the following is not a basic function of the management process?

Correct : C. Working

59. One of the greatest effects of e-commerce is that:

Correct : A. Costs will be reduced

60. Which of the following has been the main driver to the globalization of business?

Correct : B. Technology

61. Operations management is applicable

Correct : C. to manufacturing and service sectors

62. Walter Shewhart is listed among the important people of operations management because of his contributions to

Correct : C. statistical quality control

63. Henry Ford is noted for his contributions to

Correct : C. assembly line operations

64. Taylor and Deming would have both agreed that

Correct : C. Management must do more to improve the work environment and its processes so that quality can be improved

65. Who among the following is associated with contributions to quality control in operations management?

Correct : C. W. Edwards Deming

66. The field of operations management is shaped by advances in which of the following fields?

Correct : D. all of the above

67. The five elements in the management process are

Correct : D. plan, lead, organize, manage, and control

68. The responsibilities of the operations manager include

Correct : C. planning, organizing, staffing, leading, and controlling

69. Which of the following is not an element of the management process?

Correct : A. pricing

70. An operations manager is not likely to be involved in…..

Correct : C. the identification of customers' wants and needs

71. All of the following decisions fall within the scope of operations management except for……

Correct : C. location of facilities

72. Which of the following are the primary functions of all organizations?

Correct : A. operations, marketing, and human resources

73. Budgeting, paying the bills, and collection of funds are activities associated with the

Correct : B. finance/accounting function

74. Which of the following would not be an operations function in a fast-food restaurant?

Correct : B. advertising and promotion

75. The three major functions of business organizations

Correct : C. overlap

76. The marketing function's main concern is with

Correct : D. generating the demand for the organization's

77. Current trends in operations management include all of the following except

Correct : D. mass production

78. The service industry makes up approximately what percentage of all jobs in the United States?

Correct : C. 74%

79. Typical differences between goods and services do not include

Correct : A. cost per unit

80. Which is not true regarding differences between goods and services?

Correct : C. Goods tend to have higher customer interaction than services.

81. Which of the following is not a typical attribute of goods?

Correct : B. aspects of quality difficult to measure

82. Which of the following services is not unique, i.e., customized to a particular individual's needs?

Correct : B. elementary education

83. Which of the following is not a typical service attribute?

Correct : B. customer interaction is high

84. Which of the following inputs has the greatest potential to increase productivity?

Correct : B. management

85. Forecasts used for new product planning, capital expenditures, facility location or expansion, and R&D typically utilize a……….

Correct : B. long-range time horizon

86. The three major types of forecasts used by business organizations are

Correct : B. economic, technological, and demand

87. Which of the following is no step in the forecasting process?

Correct : B. eliminate any assumptions

88. The two general approaches to forecasting are……..

Correct : A. qualitative and quantitative

89. Which of the following uses three types of participants: decision makers, staff personnel, and respondents?

Correct : C. the Delphi method

90. Which of the following is not type of qualitative forecasting?

Correct : D. moving average

91. The forecasting model that pools the opinions of a group of experts or managers is known as the………

Correct : B. jury of executive opinion model

92. Which of the following techniques uses variables such as price and promotional expenditures, which are related to product demand, to predict demand?

Correct : A. associative models

93. The fundamental difference between cycles and seasonality is the

Correct : A. duration of the repeating patterns

94. Increasing the number of periods in a moving average will accomplish greater smoothing, but at the expense of……….

Correct : D. responsiveness to changes

95. Organizational structure is made up of key elements. Which of the following is not one of these elements?

Correct : D. Co-ordination

96. Which of the following is one of the six key elements a manager needs to consider when designing an organization‟s structure?

Correct : B. Work specialization

97. One of the most popular ways to group activities is by………..

Correct : B. Function

98. Sun Petroleum Products departmentalizes by fuels, lubricants, and waxes and chemicals. This is an example of departmentalization by………..

Correct : A. Product

99. Which type of departmentalization achieves economies of scale by placing people with common skills and orientations into common units?

Correct : D. Functional

100. When jobs are grouped together based on a particular type of customer, this is known as…..

Correct : D. Departmentalization