McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Cost Accounting .
| 751. |
The jackpot on a gaming machine has not 'dropped' for several weeks. Believing that the payout is imminent, a gambler feeds coins steadily to the machine. What does this behavior illustrate? |
| A. | Escalation of commitment |
| B. | A display of overconfidence |
| C. | Decision making under uncertainty |
| D. | Changing subjective probabilities |
| Answer» A. Escalation of commitment | |
| 752. |
Select the incorrect statement. Harrison and Pelletier argued that managers should learn to avoid ... |
| A. | Treating decisions with uncertain outcomes as though they had predictable results |
| B. | Treating non-programmed decisions as routine |
| C. | Mixing routine and non-routine decisions. |
| D. | Treating ad-hoc decisions as though they were everyday occurrences |
| Answer» C. Mixing routine and non-routine decisions. | |
| 753. |
Which of the following is not an assumption of the classical decision model? |
| A. | Problems are clearly defined. |
| B. | Decision makers behave logically. |
| C. | Evaluation criteria are drawn from objectives and the definition of the problem. |
| D. | Choice is made once sufficient information on alternatives is available |
| Answer» D. Choice is made once sufficient information on alternatives is available | |
| 754. |
Which of the following was not given by Janis as a symptom of groupthink? |
| A. | Pressure to conform |
| B. | An awareness of vulnerability |
| C. | Negative stereotypes of outside opponents |
| D. | An illusion of unanimity |
| Answer» B. An awareness of vulnerability | |
| 755. |
Stoner and others have shown how groups can make decisions that are much less, or much more, cautious that any member would take alone. What are these changes called? |
| A. | Diffusion of responsibility |
| B. | Risky and cautious shift |
| C. | Polarisation |
| D. | Decision arrangement |
| Answer» A. Diffusion of responsibility | |
| 756. |
On the difficulty of recognising creativity, de Bono said, "Any valuable creative idea is ..." What? |
| A. | ... worth a thousand ordinary ideas." |
| B. | "... always logical in hindsight." |
| C. | "... the mark of a creative personality." |
| D. | "... part of a stream of good ideas." |
| Answer» B. "... always logical in hindsight." | |
| 757. |
Which characteristic was found by Raudsepp among creative managers? |
| A. | They had few hobbies or interests outside work. |
| B. | They focused intensely on immediate needs. |
| C. | They were irritated by the status quo. |
| D. | They had little energy to spare. |
| Answer» C. They were irritated by the status quo. | |
| 758. |
Conceptual skills relate to a manager‟s ability to |
| A. | Take a strategic view of how parts of the organization function |
| B. | Solve detailed problems in groups |
| C. | Correctly evaluate organizational problems |
| D. | Understand and interact effectively with others in the organization |
| Answer» A. Take a strategic view of how parts of the organization function | |
| 759. |
Which of the following functions or activities requires recruiting and placing qualified personnel needed for the organization so that it may achieve its objectives and goals? |
| A. | Planning |
| B. | Staffing |
| C. | Organizing |
| D. | Controlling |
| Answer» B. Staffing | |
| 760. |
A variation of the electronic meeting that links together media from different locations is ___________ |
| A. | E-commerce |
| B. | The Delphi technique |
| C. | Video conference |
| D. | E-conference |
| Answer» C. Video conference | |
| 761. |
____ plans have clearly defined objectives. |
| A. | Directional |
| B. | Flexible |
| C. | Specific |
| D. | Standing |
| Answer» C. Specific | |
| 762. |
Who studied the nature of specific jobs, and broke the tasks into basic work units with the end result providing the one right way to perform the job? |
| A. | Douglas M. McGregor |
| B. | Frederick W. Taylor |
| C. | Henry L. Gantt |
| D. | Henry L. Gantt |
| Answer» B. Frederick W. Taylor | |
| 763. |
The recently emerged type of managerial job is ______________ |
| A. | Top Manager |
| B. | Middle Manager |
| C. | First Line Manager |
| D. | Team Leader |
| Answer» D. Team Leader | |
| 764. |
The Hawthorne studies: |
| A. | Found that to increase worker efficiency, management must analyze and minimize the motions required to complete a task. |
| B. | Found that when workers know they are being watched, their productivity increases. |
| C. | Found that a worker is inherently lazy and will use any excuse not to perform their duties. |
| D. | Found that workers accept a managerial directive only if it is acceptable in terms of their personal interests. |
| Answer» B. Found that when workers know they are being watched, their productivity increases. | |
| 765. |
The Behavioral approach to management focused on: |
| A. | The worker |
| B. | The manager |
| C. | The owner |
| D. | None of the above. |
| Answer» A. The worker | |
| 766. |
The external environment factor that states: The values and culture that affect the way people feel about the organization they are in and about work itself is: |
| A. | Sociological factors |
| B. | Political factors |
| C. | Economic factors |
| D. | Psychological factors |
| Answer» A. Sociological factors | |
| 767. |
The external environment factor that includes: Factors that have a less immediate effect on a business such as the nation's rate of inflation or recession, unemployment rate, or standard of living, is |
| A. | Political factors |
| B. | Sociological factors |
| C. | Indirect economic factors |
| D. | Direct economic factors |
| Answer» C. Indirect economic factors | |
| 768. |
The resources within an organization, used to achieve its goal, make up the _________ of a business. |
| A. | External environment |
| B. | Internal environment |
| C. | Social responsibility |
| D. | Workers motivation |
| Answer» B. Internal environment | |
| 769. |
Strategic planning: |
| A. | Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time. |
| B. | Involves managers in each unit of an organization who are responsible for achieving the unit's objectives within a specified period of time. |
| C. | Looks specifically at resources, finances, and market conditions to determine ways to accomplish the overall plans of the organization. |
| D. | Determines the day-to-day operations within an organization. |
| Answer» A. Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time. | |
| 770. |
GAP analysis: |
| A. | Is a planning approach for determining where an organization as today. |
| B. | Is a planning approach for determining how an organization will reach its goals. |
| C. | Provides a diagram showing a company's present momentum and its potential. |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 771. |
The SWOT approach assesses an organization's |
| A. | Speed, Wants, Order, Timing |
| B. | Structure, Workforce, Organization, Types |
| C. | Strengths, Weaknesses, Opportunities, Threats. |
| D. | Signs, Worries, Objectives, Techniques |
| Answer» C. Strengths, Weaknesses, Opportunities, Threats. | |
| 772. |
__________ is the process of using the resources and personnel of an organization in an orderly way to achieve the objectives and long-term goals of the organization. |
| A. | Planning |
| B. | Organizing |
| C. | Leading |
| D. | Controlling |
| Answer» B. Organizing | |
| 773. |
A manufacturing company has divided its departments into pattern making, fabric cutting, and fabric coloring. What type of departmentalization is this? |
| A. | Geography Departmentalization |
| B. | Process Departmentalization |
| C. | Matrix/Project Departmentalization |
| D. | Function Departmentalization |
| Answer» B. Process Departmentalization | |
| 774. |
A ______ organizational structure is the simplest form and has clear lines of authority and ease of decision making. |
| A. | Horizontal |
| B. | Line |
| C. | Vertical |
| D. | Staff |
| Answer» B. Line | |
| 775. |
The management of people/labor should be handled by what department in an organization? |
| A. | Administration |
| B. | Human Resources |
| C. | Information Systems |
| D. | Accounting |
| Answer» B. Human Resources | |
| 776. |
When a candidate for a position is asked general, open-ended job related questions, they are experiencing what type of interview? |
| A. | Unstructured Interview |
| B. | Relaxed Interview |
| C. | Unorganized Interview |
| D. | Structured Interview |
| Answer» A. Unstructured Interview | |
| 777. |
Which of the following is NOT a major influence on the rate of compensation? |
| A. | Competition |
| B. | Voluntary retirement |
| C. | Laws |
| D. | Unions |
| Answer» B. Voluntary retirement | |
| 778. |
Which type of separation is most unpleasant for an employee? |
| A. | Termination |
| B. | Mandatory retirement |
| C. | Voluntary retirement |
| D. | Resignation |
| Answer» A. Termination | |
| 779. |
Leadership can _______ subordinates to help the organization achieve its goals. |
| A. | Motivate |
| B. | Communicate |
| C. | Direct |
| D. | All of the above |
| Answer» D. All of the above | |
| 780. |
Which source of power is based on an individual's knowledge, special skills, abilities, or previous experience? |
| A. | Referent power |
| B. | Expert power |
| C. | Referent power |
| D. | Legitimate power |
| Answer» B. Expert power | |
| 781. |
Which source of power is based on a manager's ability to punish a subordinate? |
| A. | Coercive power |
| B. | Referent power |
| C. | Rewarded power |
| D. | Legitimate power |
| Answer» A. Coercive power | |
| 782. |
A budget is what type of control? |
| A. | Standard |
| B. | Process |
| C. | Division |
| D. | Financial |
| Answer» D. Financial | |
| 783. |
The theory that an individual tends to act in a certain way, with the expectation that the act will be followed by a given outcome and according to the attractiveness of the outcome is _____. |
| A. | Equity theory |
| B. | Three-needs theory |
| C. | Motivation-hygiene theory |
| D. | Expectancy theory |
| Answer» A. Equity theory | |
| 784. |
Leaders who inspire followers to transcend their own self-interests for the good of the organization, and are capable of having a profound and extraordinary effect on followers are _____ leaders. |
| A. | Transactional |
| B. | Transformational |
| C. | Democratic |
| D. | Autocratic |
| Answer» B. Transformational | |
| 785. |
A group of employees with expertise in a variety of specialty areas who are brought together to work on a project or specific activity is a: |
| A. | Cross functional team |
| B. | Self-managed team |
| C. | Virtual team |
| D. | Problem-solving team |
| Answer» A. Cross functional team | |
| 786. |
____________ is the power to give positive benefits or rewards. |
| A. | Expert power |
| B. | Reward power |
| C. | Legitimate power |
| D. | Coercive power |
| Answer» B. Reward power | |
| 787. |
The final step of the strategic management process is ___________. |
| A. | Doing an internal analysis |
| B. | Formulating strategies |
| C. | Implementing strategies |
| D. | Evaluating results |
| Answer» D. Evaluating results | |
| 788. |
A/An ________ is a formal evaluation of an organization's financial statements, performed either by an outside accounting firm or by an internal department. |
| A. | Revenue operating budget |
| B. | Incident log |
| C. | Financial audit |
| D. | Balance sheet budget |
| Answer» C. Financial audit | |
| 789. |
In a PERT network, slack time is _____. |
| A. | The end point that represents the completion of a major activity |
| B. | The time or resources required to progress from one event to another |
| C. | The amount of time an individual activity can be delayed without delaying the whole Project |
| D. | The longest or most time-consuming sequence of events and activities |
| Answer» C. The amount of time an individual activity can be delayed without delaying the whole Project | |
| 790. |
Which type of decision making is carried out by lower level management and deals with specific dayto-day processes? |
| A. | Programmed decision making |
| B. | Operational decision making |
| C. | Administrative decision making |
| D. | Mid-level decision making |
| Answer» B. Operational decision making | |
| 791. |
___________ involves allocating resources by detailing what activities haveto be done, the order in which they are to be completed, who is to do each,and when they are to be complete(d) |
| A. | Benchmarking |
| B. | Budgeting |
| C. | Scheduling |
| D. | Competitor intelligence |
| Answer» B. Budgeting | |
| 792. |
A problem solver is a style of problem solving reflected by the manager |
| A. | Who confronts the problem, reacts to it, and makes those changes necessary solve it. |
| B. | Who notices a problem and does not react. |
| C. | Who actively looks at situations, searching for problems or anticipating possible problems so that corrective action can be taken before the problem grows. |
| D. | None of the above |
| Answer» A. Who confronts the problem, reacts to it, and makes those changes necessary solve it. | |
| 793. |
The process by which a sender transmits content is known as |
| A. | Encoding |
| B. | Decoding |
| C. | Feedback |
| D. | Receiver |
| Answer» A. Encoding | |
| 794. |
When a subordinate or lower level manager passes information or offers suggestions to higher level management, they're using which level of communication? |
| A. | Upward communication |
| B. | Downward communication |
| C. | Lateral communication |
| D. | Diagonal communication |
| Answer» A. Upward communication | |
| 795. |
If a solution to a particular problem is not vital to the functioning of an organization and management is willing to overlook the causes of the conflict, managers may choose to use which type of conflict resolution? |
| A. | Confrontation |
| B. | Avoidance |
| C. | Dominance |
| D. | Compromise |
| Answer» B. Avoidance | |
| 796. |
Which of the following statements would a Theory X manager consider to be true? |
| A. | The average person can learn to accept and even seek responsibility |
| B. | Employees will shirk responsibility |
| C. | Employees will exercise self-direction if they are committed to the objectives |
| D. | Employees view work as being as natural as play |
| Answer» B. Employees will shirk responsibility | |
| 797. |
A short letter written to a potential employer with a resume attached is known as a |
| A. | Introduction letter |
| B. | Cover letter |
| C. | Interview letter |
| D. | Ice-breaker letter |
| Answer» B. Cover letter | |
| 798. |
_________ is the process of getting results accomplished through others. |
| A. | Ordering |
| B. | Mandating |
| C. | Delegating |
| D. | Working |
| Answer» C. Delegating | |
| 799. |
What is the term used to define the number of subordinates directly controlled by a manager? |
| A. | Division management |
| B. | Departmentation |
| C. | Investment span |
| D. | Span of management |
| Answer» D. Span of management | |
| 800. |
Which management theorist is responsible for the motivation-hygiene theory? |
| A. | Abraham Maslow |
| B. | Dale Hawthorne |
| C. | Peter Drucker |
| D. | Frederick Herzberg |
| Answer» D. Frederick Herzberg | |
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