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970+ Fundamentals of Economics and Management Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Cost Accounting .

801.

What kind of organizational structure combines a vertical chain of command with horizontal reporting requirements?

A. Line authority
B. Matrix
C. Functional
D. Line-and-staff
Answer» B. Matrix
802.

What kind of training program is most appropriate for a simple task?

A. On-the-job training
B. vestibule training
C. laboratory training
D. job rotation
Answer» A. On-the-job training
803.

Which leadership theory suggests that management style should adapt itself to changing circumstances?

A. Contingency theory
B. Delegation theory
C. Autocratic theory
D. Participatory theory
Answer» A. Contingency theory
804.

According to Abraham Maslow, the most elevated type of need is _____.

A. Self-actualization
B. Physiological
C. Esteem
D. Safety
Answer» A. Self-actualization
805.

Mr. (A) is a manager in a manufacturing company, he attempts to establish a culture of quality affecting the attitudes and actions of every employee and relies on a workforce that wants to improve quality. He focuses on establishing:

A. Total Quality Management
B. Knowledge management
C. Operations Management
D. Management of Information System
Answer» C. Operations Management
806.

Ali is working in XYZ Company; he desires to get himself secure from crimes, company layoffs and other adverse impacts. We can say that he fulfils the ----------------- need.

A. Self Actualization
B. Social need
C. Esteem
D. Safety
Answer» D. Safety
807.

In -------------- theory management assumes that employees may be ambitious, self-motivated, and anxious to accept greater responsibility, and exercise self-control, self-direction, autonomy and empowerment.

A. Theory Y manager
B. Theory X manager
C. Theory Z manager
D. All of the above
Answer» D. All of the above
808.

------------------- roles involve people and other duties that are ceremonial and symbolic in nature.

A. Informational.
B. Interpersonal.
C. Decisional.
D. All of the given options.
Answer» B. Interpersonal.
809.

----------------- is the use of scientific method to define the “one best way” for a job to be done.

A. Scientific management
B. Bureaucratic management
C. Administrative management
D. Management
Answer» A. Scientific management
810.

The planning process can be used to promote _______________ inorganization

A. Advancement
B. Technologies
C. Innovation
D. Discoveries
Answer» C. Innovation
811.

The study of people in relation to their fellow human beings is ___________

A. Psychology
B. Sociology
C. Anthropology
D. All of the given options
Answer» B. Sociology
812.

Which management concept suggests that low-importance decisions be handled by subordinates, so that managers can focus on high-importance decisions?

A. management by objective
B. management by exception
C. Participatory management
D. inclusionary management
Answer» B. management by exception
813.

Getting work done with a minimum of effort, expense or waste is the definition of _________

A. Effectiveness.
B. Management
C. Planning.
D. Efficiency
Answer» D. Efficiency
814.

_____________ are mathematical models that describe the operating characteristics of queuing situations.

A. Waiting line models
B. Simulation models
C. Decision trees
D. All of the given options
Answer» A. Waiting line models
815.

Managers having the least authority and are at the lowest level in the hierarchy of the organization are called______________

A. Middle level managers
B. Top level managers
C. First-line managers
D. None of the given options
Answer» C. First-line managers
816.

____________ reduces uncertainty

A. Negotiating
B. Planning
C. Organizing
D. Leading
Answer» B. Planning
817.

Decision makers face ________ types of problems.

A. 2
B. 3
C. 4
D. 5
Answer» B. 3
818.

___________________ are those plans that are extended beyond three years.

A. Short Term Plans
B. Long Term Plans
C. Specific Plans
D. Strategic Plans
Answer» B. Long Term Plans
819.

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

A. Esteem
B. Belongingness
C. Safety
D. Self-Actualization
Answer» B. Belongingness
820.

________ is the recording system which enables sender to leave messages for receiver by telephone.

A. E-Mail
B. Voice Mail
C. Videoconferencing
D. Teleconferencing
Answer» B. Voice Mail
821.

A motivational approach in which an organization‟s financial statements are opened to and shared with all of the employees is called ___________

A. Open Book Management
B. Pay for Performance Program
C. Reinforcement Theory
D. Feedback
Answer» A. Open Book Management
822.

A ___________ refers to the authority and responsibility for achieving the major goals of the Organization.

A. Line position
B. Staff position
C. Line authority
D. None of the given options
Answer» A. Line position
823.

----------- maintains self developed network of outside contacts and informers who provide favors and information.

A. Entrepreneur
B. Monitor
C. Liaison
D. Figurehead
Answer» C. Liaison
824.

Seema desires for friendship, love, and a sense of belonging, we can say that she fulfils the_______

A. Physical need
B. Self Actualization
C. Social need
D. Esteem
Answer» C. Social need
825.

------------ is a condition in which the decision maker chooses a course of action without complete knowledge of the consequences that will follow implementation.

A. Risk
B. Uncertainty
C. Ambiguity
D. Accuracy
Answer» B. Uncertainty
826.

NAFTA stands for:

A. North American Free Trade Agreement
B. North Asian Free Trade Agreement
C. North American Free Trade Association
D. None of the given options
Answer» A. North American Free Trade Agreement
827.

Which one of the following is not the characteristic of Weber‟s ideal bureaucracy?

A. Specialization of labor
B. Formalization of rules
C. Division of labour
D. Formalization of links authority into a hierarchical structure
Answer» C. Division of labour
828.

___________shows the management structure of an organization.

A. Hierarchy
B. Decision Tree
C. Incremental Model
D. Satisfying model
Answer» A. Hierarchy
829.

If the average human being prefers to be directed, wishes to avoid responsibility, has relatively little ambition and wants security above all, the management attitude would be:

A. Theory Y manager
B. Theory X manager
C. Theory Z manager
D. All of the given options
Answer» B. Theory X manager
830.

Getting work done with a minimum effort, expense, or waste is the definition of __________.

A. Management
B. Planning
C. Efficiency
D. Effectiveness
Answer» C. Efficiency
831.

Which of the following is not an argument for the assumption of social responsibility by business?

A. Long-run profits
B. Stockholder interests
C. Ethical obligations
D. Costs
Answer» B. Stockholder interests
832.

_________ concluded that managers perform 10 interrelated activities that relate to decision making, using information and interpersonal relationships.

A. Mintzberg
B. Abraham Maslow
C. Robert Owen
D. Henri Fayol
Answer» A. Mintzberg
833.

Scientific Management approach is developed by

A. Elton Mayo
B. Henry Fayol
C. F.W. Taylor
D. (A) Maslow
Answer» C. F.W. Taylor
834.

Who proposed “ bureaucratic structure” is suitable for all organization

A. Elton Mayo
B. Henry Fayol
C. F.W. Taylor
D. Max Weber
Answer» D. Max Weber
835.

Whose concept states that interpersonal and human relations may lead to productivity

A. Elton Mayo
B. Henry Fayol
C. F.W. Taylor
D. Max Weber
Answer» A. Elton Mayo
836.

Today‟s organization are

A. Open system
B. Closed system
C. Open as well as closed
D. None of these
Answer» A. Open system
837.

Which of the following methods is/are used to solve intergroup conflicts indirectly

A. Avoidance
B. Encouragement
C. Bargaining
D. All of these
Answer» A. Avoidance
838.

Which of the following is / are not direct method to solve intergroup conflicts

A. Problem solving
B. Domination by the management
C. Removing key figures in conflict
D. Persuasion
Answer» D. Persuasion
839.

A technique to bring changes in the entire organization, rather man focusing attention on individuals to bring changes easily.

A. Organizational development
B. Organizational change
C. Organizational culture
D. Organizational conflicts
Answer» A. Organizational development
840.

Which of the following is/are OD intervention techniques

A. Sensitivity training
B. MBO
C. Quality of work life
D. All the above
Answer» D. All the above
841.

Which of the following is NOT an important issue relating to goal-setting theory?

A. Goal specificity
B. Equity among workers
C. Feedback
D. Defining the goal
Answer» B. Equity among workers
842.

Behaviour, power, and conflict are central areas of study for _____________.

A. Sociologist
B. Anthropologists
C. Social psychologists
D. Operations analysts
Answer» A. Sociologist
843.

The managers of a multinational company are located in France, India, Brazil, and the United States. Which decision-making technique seems most reasonable for this organization?

A. A postal service interaction
B. A brainstorming session
C. A nominal discussion
D. An electronic meeting
Answer» D. An electronic meeting
844.

According to Robert Katz, when managers have the mental ability to analyze and diagnose complex situations, they possess _____________ skills.

A. Technical
B. Leadership
C. Problem-solving
D. Conceptual
Answer» D. Conceptual
845.

What sort of goals does Management By Objectives (MBO) emphasize?

A. Tangible, verifiable and measurable
B. Achievable, controllable and profitable
C. Challenging, emotional and constructive
D. Hierarchical, attainable and effective
Answer» A. Tangible, verifiable and measurable
846.

Today‟s managers understand that the success of any effort at improving quality and productivity must include _____.

A. Quality management programs
B. Customer service improvements
C. Employee's participation
D. Manufacturing simplification
Answer» C. Employee's participation
847.

Which of the following would be least likely to pose a barrier to cross-cultural communications?

A. Tone difference
B. Word connotations
C. Political correctness
D. Differences among
Answer» C. Political correctness
848.

Concept of MBO was introduced by:

A. Peter. F.Drucker
B. Mary Parker
C. Henry Fayol
D. Philip Kotler
Answer» A. Peter. F.Drucker
849.

People with which type of personality trait commonly make poor decisions because they make them too fast?

A. Type As
B. Type Bs
C. Self-monitors
D. Extroverts
Answer» A. Type As
850.

Which of the following is an environmental force that shapes personality?

A. Gender
B. Height
C. Experience
D. Brain size
Answer» C. Experience

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