MIDTERM  EXAMINATION

Spring 2010

MGT503- Principles of Management (Session - 4)

Shared by Raza Tahir

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Time: 60 min

M - 47

Question No: 1    ( M - 1 )    .

 Which of the following is called father of scientific management?

       ۩ Henri Fayol

       ۩ Max Weber

       ۩ Fredrick W. Taylor

       ۩ Abraham Maslow

   

Question No: 2    ( M - 1 )    .

 Which of the following is most important in order to improve the quality?

       ۩ Proper Communication

       ۩ Departmentalization

       ۩ Division of Labor

       ۩ Centralization

   

Question No: 3    ( M - 1 )    .

 Which one of the following is explaining the Entrepreneur in the best way?

       ۩Goals Setter

       ۩Decision Maker

       ۩Communicator

       ۩Initiator

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Question No: 4    ( M - 1 )    .

 Interpersonal roles include which of the following three roles?

       ۩ Disseminating, figurehead and liaison

       ۩ Figurehead, leader and liaison

       ۩ Disturbance handler, monitor and entrepreneur

       ۩ Monitor, resource allocator and negotiator

   

Question No: 5    ( M - 1 )    .

 How many roles have been identified by Henry Mintzberg?      

       ۩ 5

       ۩ 8

       ۩ 10

       ۩ 12

   

Question No: 6    ( M - 1 )    .

 Which of the following is considered to be the father of modern computing?

       ۩ Fredrick W Taylor

       ۩ Abraham Maslow

       ۩ Charles Babbage

       ۩ Max Weber

   

Question No: 7    ( M - 1 )    .

 All of the following are called "Classical Viewpoints" EXCEPT:

       ۩Scientific management

       ۩Industrial management

       ۩Administrative management

       ۩Bureaucratic management

   

Question No: 8    ( M - 1 )    .

 The managerial functions according to Fayol were :

       ۩ Organizing, staffing, commanding, coordinating and controlling

       ۩ Commanding, organizing, planning, coordinating and staffing

       ۩ Controlling, commanding, organizing, planning and leading

       ۩ Planning, organizing, commanding, coordinating and controlling

   

Question No: 9    ( M - 1 )    .

 When management provides orderly personnel planning and ensures that replacements are available to fill vacancies, it is called :

 

 

       ۩ Division of work

       ۩ Discipline

       ۩ Unity of command

       ۩ Stability of tenure of personnel

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Question No: 10    ( M - 1 )    .

 Inputs, transformation process, output and feedback are basic elements of:

 

 

 

 

 

       ۩ Administrative approach

       ۩ Behavioral approach

       ۩ Qualitative approach

       ۩ System approach

   

Question No: 11    ( M - 1 )    .

 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: 12    ( M - 1 )    .

 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: 13    ( M - 1 )    .

 The overall effect of the North American Free Trade Agreement was to:

 

       ۩ Eliminate the need for import licensing

       ۩ Increase the customs user fees while reducing tariffs

       ۩ Reduce trade between Mexico and the United States

       ۩ Increase trade between the United States and Venezuela

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Question No: 14    ( M - 1 )    .

 When an alternative is chosen because the manager believes it is "good enough," to solve his or her problem. It is called:

 

       ۩Optimizing

       ۩Satisficing

       ۩Incomplete

       ۩Maximizing

   

Question No: 15    ( M - 1 )    .

 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: 16    ( M - 1 )    .

 Many decisions fail after the final choice because of the occurrence of which of the following?

 

 

       ۩Decision criteria weights were incorrect

       ۩People affected failed to accept the solution

       ۩Satisficing occurred

       ۩Choice was wrong

   

Question No: 17    ( M - 1 )    .

 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: 18    ( M - 1 )    .

 Which are the tools that managers can use to analyze their organization’s environment?

 

       ۩ Strategic planning, environmental scanning, and TQM

       ۩ Forecasting, budgeting, and time management

       ۩ Environmental scanning, forecasting, and benchmarking

       ۩ Benchmarking, planning, and evaluating

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Question No: 19    ( M - 1 )    .

 An organized set of behavior that is associated with particular office or position is called:

       ۩ Role

       ۩ Obligation

       ۩ Responsibility

       ۩ Function

   

Question No: 20    ( M - 1 )    .

 The customs, norms, values and demographic characteristics of the society in which the organization functions are called:

       ۩ The socio-cultural element

       ۩ The legal-political element

       ۩ The economic element

       ۩ The international element

   

Question No: 21    ( M - 1 )    .

 In order to successfully attain the organizational targets & customer satisfaction, in which of the following area managers have to concentrate?

       ۩ Co-ordination with subordinates & peers

       ۩ Feedback from internal & external environment

       ۩ Integrated network of departments & divisions

       ۩ All of the given options

   

Question No: 22    ( M - 1 )    .

 In order to ensure work efficiency, F. Taylor suggested that appropriate number of workers should be selected cautiously prior to work assignment to them. In which of the following category of POLCA this proposal will be incorporated?

       ۩ Organizing

       ۩ Leading

       ۩ Controlling

       ۩ Assuring

   

Question No: 23    ( M - 1 )    .

 In order to maintain proper check & balance, utility stores manage their inventory on regular basis. This concept of inventory management is an illustration of:

       ۩ Scientific management

       ۩ Behavioral management

       ۩ Management science

       ۩ Operation management

   

Question No: 24    ( M - 1 )    .

 Amir is representing his company at the local Chamber of Commerce Annual Business Recognition luncheon. He is performing which of the following managerial role?

       ۩ Liaison

       ۩ Negotiator

       ۩ Monitor

       ۩ Figurehead

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Question No: 25    ( M - 1 )    .

 The role that involves symbolic nature duties is called:

       ۩ Figurehead

       ۩ Negotiator

       ۩ Liaison

       ۩ Leader

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Question No: 26    ( M - 1 )    .

 The decision regarding the organizations long-term & short-term objectives are made while performing:

       ۩ Organizing

       ۩ Leading

       ۩ Controlling

       ۩ Planning

   

Question No: 27    ( M - 1 )    .

 Approach of benchmarking is extensively used in:

       ۩ Product development

       ۩ Quality enhancement

       ۩ Opportunity utilization

       ۩ Long-term focus

   

Question No: 28    ( M - 1 )    .

 ‘AT Corporation’ makes an effort to use diverse groups to enhance the effectiveness of decision making. How diversity can aid decision making process?

       ۩ Increase solution understandings

       ۩ Dominate by some individuals

       ۩ Builds member knowledge & skilled base

       ۩ Assists in more creative & varied ideas

   

Question No: 29    ( M - 1 )    .

 PERT represents which of the following term?

       ۩ Project Execution Review Technique

       ۩ Planning Execution Response Technique

       ۩ Program Enhancement Report Technique

       ۩ Program Evaluation Review Technique

   

Question No: 30    ( M - 1 )    .

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

       ۩ Undesired behavior

       ۩ Moral behavior

       ۩ Ethical behavior

       ۩ Human behavior

   

Question No: 31    ( M - 1 )    .

 Which of the following is called an input to an organizational system?

       ۩ Employees

       ۩ Products

       ۩ Services

       ۩ Customers

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Question No: 32    ( M - 1 )    .

 WTO appears to play an important role in monitoring and promoting:

       ۩ Provincial trade

       ۩ Global trade

       ۩ Regional trade

       ۩ National trade

   

Question No: 33    ( M - 1 )    .

 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: 34    ( M - 1 )    .

 The ABC Corporation has decided to upgrade its processing machines as it is experiencing problems within its production department due to the usage of outdated machineries, while its competitors are enjoying more profits by utilizing modern technology. This is an example of an:

       ۩ Implementing the alternative

       ۩Analyzing alternatives

       ۩Developing alternatives

       ۩Allocating weights to the criteria

   

Question No: 35    ( M - 3 )

 Considering all the unique characteristics of programmed decision making, what sort of benefits can be achieved through this style of decision making?

   

Question No: 36    ( M - 5 )

 Managers at all levels and in all areas of organizations make decisions. What kinds of decisions the different members of an organization have to make at different levels within the organization?

 

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Question No: 37    ( M - 5 )

 “Taking on social and moral issues is not economically feasible. Corporations should focus on earning a profit for their shareholders and leave social issues to others”. Do you agree with this statement or not? Give reasons to defend your view.