McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .
Chapters
| 151. |
Which of the following is not a main project objective? |
| A. | Time. |
| B. | Structure. |
| C. | Quality. |
| D. | Cost. |
| Answer» B. Structure. | |
| 152. |
Which of the following is a main PRINCE project aim? |
| A. | Stay within budget. |
| B. | Meet specified quantity. |
| C. | Meet specified quality. |
| D. | All of the above |
| Answer» D. All of the above | |
| 153. |
Which of the following is not a reason to reduce project completion time? |
| A. | Release resources for other projects. |
| B. | Avoid penalties for late completion. |
| C. | Eliminate project critical path. |
| D. | Reduce new product development time to market. |
| Answer» C. Eliminate project critical path. | |
| 154. |
Which of the following is the benefit of the network analysis approach? |
| A. | Eliminate need for management judgement. |
| B. | Avoid need to use structured approach. |
| C. | Allows progress to be monitored against plan. |
| D. | Derive error free forecasts. |
| Answer» C. Allows progress to be monitored against plan. | |
| 155. |
A project can be considered to have failed if it: |
| A. | does not meet the users' requirements. |
| B. | overran significantly on estimated delivery date. |
| C. | was significantly over budget. |
| D. | does not meet the business requirements. |
| Answer» D. does not meet the business requirements. | |
| 156. |
Why are small businesses important to a country's economy? |
| A. | They give an outlet for entrepreneurs. |
| B. | They can provide specialist support to larger companies. |
| C. | They can be innovators of new products. |
| D. | All the above. |
| Answer» D. All the above. | |
| 157. |
Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity? |
| A. | Entrepreneurship |
| B. | Hyper competition |
| C. | Governmental laws |
| D. | Organizational culture |
| Answer» B. Hyper competition | |
| 158. |
Which of the following is alternatively called corporate venturing? |
| A. | Entrepreneurship |
| B. | Intrapreneurship |
| C. | Act of stating a new venture |
| D. | Offering new products by an existing company |
| Answer» B. Intrapreneurship | |
| 159. |
Individuals influencing an entrepreneur’s career choice and style are known as which of the following? |
| A. | Moral-support network |
| B. | Role model |
| C. | Professional support network |
| D. | Support system |
| Answer» B. Role model | |
| 160. |
The activity which occurs when the new venture is started is called: |
| A. | Motivation |
| B. | Business skills |
| C. | Departure point |
| D. | Goal orientation |
| Answer» C. Departure point | |
| 161. |
The level at which an individual is viewed by society is called: |
| A. | Financial status |
| B. | Qualification |
| C. | Social status |
| D. | Achievement |
| Answer» C. Social status | |
| 162. |
Which one of the following is an important source of idea generation due to their familiarity with the needs of market? |
| A. | Existing products and services |
| B. | Distribution channels |
| C. | Federal government |
| D. | Consumers |
| Answer» B. Distribution channels | |
| 163. |
Members of distribution channels are excellent sources for new ideas because: |
| A. | They earn a handsome profit from new business |
| B. | They are familiar with the needs of the market |
| C. | They do not bother if entrepreneur bears a loss |
| D. | They have well-developed sales force |
| Answer» B. They are familiar with the needs of the market | |
| 164. |
Which one of the following is the most important characteristic of a successful business website? |
| A. | Innovation |
| B. | Speed |
| C. | Graphics |
| D. | Products |
| Answer» B. Speed | |
| 165. |
Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process? |
| A. | Idea Stage |
| B. | Product Planning Stage |
| C. | Product Development Stage |
| D. | Test Marketing Stage |
| Answer» C. Product Development Stage | |
| 166. |
SBA stands for: |
| A. | Small business accountants |
| B. | Small business administration |
| C. | Small business adequacy |
| D. | Small business advisors |
| Answer» B. Small business administration | |
| 167. |
An example of collecting primary data is; |
| A. | Observation |
| B. | Interviewing |
| C. | Focus groups |
| D. | All of the above |
| Answer» D. All of the above | |
| 168. |
An internal environmental variable. |
| A. | Financial resources |
| B. | Technology |
| C. | Industry demand |
| D. | The economy |
| Answer» A. Financial resources | |
| 169. |
What is a target market? |
| A. | A group of customers a venture reaches by accident. |
| B. | All consumers who purchase the venture's product. |
| C. | A specific group of potential customers toward which a venture aims its marketing plan. |
| D. | A chain of discount stores. |
| Answer» C. A specific group of potential customers toward which a venture aims its marketing plan. | |
| 170. |
Monitoring ___________ during the implementation of the marketing plan allows the entrepreneur to establish controls on the process. |
| A. | sales data |
| B. | research data |
| C. | consumer data |
| D. | none of the above |
| Answer» A. sales data | |
| 171. |
The ___________ of a marketing plan is sometimes dependent on the solvency of the organization. |
| A. | length |
| B. | success |
| C. | failure |
| D. | all of the above |
| Answer» C. failure | |
| 172. |
A product can include all of these except _______. |
| A. | price |
| B. | ideas |
| C. | people |
| D. | goods |
| Answer» A. price | |
| 173. |
______ refers to a quality of a service in which each time it is provided it will be slightly different from the previous time. |
| A. | Perishability |
| B. | Tangibility |
| C. | Heterogeneity |
| D. | Inseparability |
| Answer» C. Heterogeneity | |
| 174. |
A balanced combination of good and service is called a(n) |
| A. | Heterogeneous services. |
| B. | Hybrid products. |
| C. | Core products. |
| D. | Augmented products. |
| Answer» B. Hybrid products. | |
| 175. |
______ is the group of people on which a marketer focuses promotion and sales efforts. |
| A. | Me-too group |
| B. | Maturity group |
| C. | Target market |
| D. | Breakeven market |
| Answer» C. Target market | |
| 176. |
______, in the new product development process, is the stage that comes after idea generation. |
| A. | Product development |
| B. | Commercialization |
| C. | Idea evaluation |
| D. | Idea screening |
| Answer» D. Idea screening | |
| 177. |
The difference between the buying and selling price is called _____ and it should be enough to cover all fixed costs. |
| A. | psychological price |
| B. | breakeven |
| C. | mark-up |
| D. | elasticity |
| Answer» C. mark-up | |
| 178. |
A product for which there are few substitutes and for which a change in price has little effect on quantity purchased is considered __________. |
| A. | elastic |
| B. | inelastic |
| C. | marked-up |
| D. | elasticity |
| Answer» B. inelastic | |
| 179. |
Charging the highest price the market will bear is called which of these? |
| A. | Return pricing |
| B. | Psychological price |
| C. | Skimming |
| D. | Breakeven |
| Answer» C. Skimming | |
| 180. |
Setting a price that ends in the number 5, 7, or 9 is considered |
| A. | Return pricing |
| B. | Psychological price |
| C. | Skimming |
| D. | Odd even pricing |
| Answer» D. Odd even pricing | |
| 181. |
______ refers to setting the price for an item relatively low and then charging much higher prices for the expendables it uses. |
| A. | Prestige pricing |
| B. | Odd-even pricing |
| C. | Partitioned pricing |
| D. | Captive pricing |
| Answer» D. Captive pricing | |
| 182. |
Which of the following applies to organizations with 15 or more employees? |
| A. | The Civil Rights Act of 1991 |
| B. | COBRA |
| C. | ERISA |
| D. | Affirmative action |
| Answer» A. The Civil Rights Act of 1991 | |
| 183. |
Which of these is the first step in crafting a job description? |
| A. | Job overview |
| B. | Credentials and experience |
| C. | Duties and responsibilities |
| D. | Job title |
| Answer» D. Job title | |
| 184. |
______ is an area that Job analysis does NOT cover. |
| A. | The competitive pay required |
| B. | The mental and physical tasks involved |
| C. | The qualifications needed |
| D. | How the job will be done |
| Answer» A. The competitive pay required | |
| 185. |
Which of the following questions might give you insight into an applicant's career goals? |
| A. | Can you name some weaknesses? |
| B. | What motivates you most in a job? |
| C. | Did you work while going to school? |
| D. | Are you willing to work flextime? |
| Answer» D. Are you willing to work flextime? | |
| 186. |
When interviewing candidates, the questions asked should be seeking all of these EXCEPT ______. |
| A. | Specific and measurable responses |
| B. | Analytical answers |
| C. | Personal information |
| D. | Descriptive responses |
| Answer» C. Personal information | |
| 187. |
Which of these training is delivered to employees while they perform their regular jobs? |
| A. | Online |
| B. | On-the-job |
| C. | Paid |
| D. | Off-the-job |
| Answer» B. On-the-job | |
| 188. |
______ is NOT an on-the-job training method. |
| A. | Case studies |
| B. | Apprenticeships |
| C. | Coaching |
| D. | Orientations |
| Answer» A. Case studies | |
| 189. |
Which of these factors is most important to employees, according to Jill Kickul's research? |
| A. | Benefits |
| B. | Job security |
| C. | Rewards and opportunities |
| D. | Autonomy and growth |
| Answer» D. Autonomy and growth | |
| 190. |
______ refers to employees' beliefs about the promises between the employee and the firm. |
| A. | Open-book policy |
| B. | Autonomy |
| C. | Psychological contract |
| D. | Work facilitation |
| Answer» C. Psychological contract | |
| 191. |
A suggested guideline for training is |
| A. | Training should be provided at the initial stage of the employment only. |
| B. | Think of training as an investment. |
| C. | Employees should practice what they have learned on their own time. |
| D. | Have employees sign long-term contracts so they do not leave after receiving training. |
| Answer» B. Think of training as an investment. | |
| 192. |
Which of Kickul's factors, includes the psychological contract item, job training? |
| A. | Rewards and opportunities |
| B. | Job security and work responsibilities |
| C. | Work facilitation |
| D. | Autonomy and growth |
| Answer» A. Rewards and opportunities | |
| 193. |
A management philosophy of selecting and promoting people based on their being the most capable person for the job is considered which of the following? |
| A. | Nepotism |
| B. | Meritocracy |
| C. | Merit privilege |
| D. | Family practice |
| Answer» B. Meritocracy | |
| 194. |
The first step in the small business development process is: |
| A. | Planning |
| B. | Organizing |
| C. | Controlling |
| D. | Retaining |
| Answer» A. Planning | |
| 195. |
The tasks a new business owner must identify to develop a critical path analysis include: |
| A. | Number of hours the owner is involved |
| B. | Prerequisite tasks |
| C. | Who is responsible for the task |
| D. | All of the above |
| Answer» D. All of the above | |
| 196. |
The critical path chart is a living document that should be _________ during the process of actually accomplishing the tasks. |
| A. | Stopped |
| B. | Started |
| C. | Modified |
| D. | Evaluated |
| Answer» C. Modified | |
| 197. |
The location decision should address all of the _________ points required for your industry and should enhance the _________ points. |
| A. | Orthodox / unorthodox |
| B. | Unorthodox / orthodox |
| C. | Ordinary / unordinary |
| D. | Unordinary / ordinary |
| Answer» A. Orthodox / unorthodox | |
| 198. |
The _____________ describes attempts to sell current products to new customers. Product-customer exploitation strategy |
| A. | Product development strategy |
| B. | Customer development strategy |
| C. | Product-customer expansion |
| D. | none |
| Answer» A. Product development strategy | |
| 199. |
All of the following are signals of potential decline in organizational performance EXCEPT: |
| A. | Poor communication within the organization |
| B. | Intolerance of work incompetence |
| C. | Fear of conflict and taking risks |
| D. | Negative cash flow |
| Answer» D. Negative cash flow | |
| 200. |
________ is a common short-run strategy designed to address organizational weaknesses that are leading to performance declines. |
| A. | Retrenchment |
| B. | Turnaround |
| C. | Expansion |
| D. | Diversification |
| Answer» B. Turnaround | |
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