70
81.1k

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 .

951.

When objectives are not written down or rarely verbalized, and the planning is general and lacks continuity, which of the following types of planning is used?

A. Environmental planning
B. Economic planning
C. Informal planning
D. Formal planning
Answer» C. Informal planning
952.

Which one of the following is an example of organization?

A. Hospitals
B. Colleges
C. Factories
D. All of the given options
Answer» D. All of the given options
953.

The principle of “Division of Labor” was given by:

A. Frederick Taylor
B. Joseph Juran
C. Adam Smith
D. W. Edwards Deming
Answer» C. Adam Smith
954.

Which of the following types of plans is highly interdependent and must take into account the resources and capabilities of the entire organization and its external environments?

A. Operational plans
B. Strategic plans
C. Tactical plans
D. Budgetary plans
Answer» B. Strategic plans
955.

In some countries, such as Venezuela, titles, rank, and status carry a lot of weight. These countries have a large:

A. Power distance
B. Uncertainty avoidance
C. Short- versus long-term orientation
D. Individualism versus collectivism
Answer» A. Power distance
956.

Plant managers come under which of following management levels?

A. First-line managers
B. Non-managerial employees
C. Middle managers
D. Top managers
Answer» C. Middle managers
957.

At the very first stage of establishment, organizations are generally indulged in:

A. Planning
B. Organizing
C. Leading
D. Controlling
Answer» A. Planning
958.

Feed Back of ____ is necessary to improve the quality of the product.

A. Customers
B. Employees
C. Investors
D. All of the given options
Answer» D. All of the given options
959.

The process of monitoring performance, comparing it with goals and correcting any significant deviations is known as:

A. Planning
B. Organizing
C. Leading
D. Controlling
Answer» D. Controlling
960.

Staffing is concerned with providing and maintaining................resources.

A. Physical
B. Technical
C. Human
D. Financial
Answer» C. Human
961.

Kets de Vries (1996) identified that most successful leaders perform two roles. What are these roles?

A. Charismatic and architectural
B. Tough and supportive
C. Directive and mentoring
D. Intellectual and coaching
Answer» A. Charismatic and architectural
962.

The Action Centred Leadership model was put forward and developed in 1973 by whom?

A. Beer
B. Taylor
C. Adair
D. Fiedler
Answer» C. Adair
963.

It has been identified that there are 6 Pillars of Character that are important to adopting and ethical perspective in leadership development. Can you name four of the six?

A. Trustworthiness, Respect, Responsibility, Fairness, Caring and Citizenship
B. Ruthlessness, Drive, Determination, Toughness, Supportive, Action orientated
C. Supportive, intelligent, insightful, good communicator, toughness, Fair
D. Caring, softness, intelligent, decisive, team player, communicator
Answer» A. Trustworthiness, Respect, Responsibility, Fairness, Caring and Citizenship
964.

Berg and Chyung use an analogy to distinguish formal and informal learning. In this analogy, formal learning is represented as a journey by bus, whereas informal learning is characterized as what?

A. Like flying an aeroplane
B. Like riding a bicycle
C. Like driving a car
D. Like being on a train
Answer» B. Like riding a bicycle
965.

Barner and Higgins identify four theory models of coaching to which all coaches will subscribe, consciously or otherwise, in varying degrees. Which of these models aims primarily to help the individual to gain insights into themselves (as a person and as a manager) and to effect changes based on those insights?

A. Systems model
B. Social constructionist model
C. Behavioural model
D. Clinical model
Answer» D. Clinical model
966.

The authors take a broad view of leadership and management (L&M) development, including all activities aimed at building ongoing L&M capacity, enabling the organization to meet its objectives, to sustain itself and to what else?

A. Transform itself
B. Develop talent
C. Agree strategy
D. Make money
Answer» A. Transform itself
967.

Holton (1996) criticised Kirkpatrick's model of levels of evaluation in learning, stating that only three of these levels were causally related to learning and development. Which were the three levels Holton identified?

A. Reactions, learning, organizational results
B. Learning, individual performance, organizational results
C. Reactions, individual performance, learning
D. Learning, Reactions, organizational results
Answer» B. Learning, individual performance, organizational results
968.

Research in the styles of leadership preferred by different generations was completed by Arsenault (2004). What was the style of leadership that Generation X was found to prefer?

A. Directive
B. Authoritarian
C. Participative
D. Egalitarian
Answer» D. Egalitarian
969.

Earley and Mosakowski (2004) developed the concept of cultural intelligence in the context of attitudes and skills. Which of the following did they identify which related to learning strategies whereby people acquire and develop coping strategies?

A. Mind
B. Knowledge
C. Heart
D. Body
Answer» A. Mind
970.

Whilst there is no consensus as to what global leadership competencies are there is agreement as to what according to Neary and O'Grady?

A. Lead change
B. Internal and external networking
C. Management style
D. The need to develop managers through such an approach
Answer» D. The need to develop managers through such an approach
971.

Planning to learn from experience is in keeping with which of Mumford's four approaches to learning?

A. Prospective approach
B. Intuitive approach
C. Incidental approach
D. Retrospective approach
Answer» A. Prospective approach
972.

Which of Carnall's (2003) four core managerial components essential for the effective management of change involves team building?

A. Decision making
B. Coalition building
C. Achieving action
D. Maintaining momentum
Answer» D. Maintaining momentum
973.

Which type of decision making process in effect involves no decision per se?

A. simple decision making
B. nominal decision making
C. extended decision making
D. automatic decision making
Answer» B. nominal decision making
974.

Nominal decision making is sometimes referred to as _____.

A. habitual decision making
B. routine decision making
C. simple decision making
D. automatic decision making
Answer» A. habitual decision making
975.

A(n) _____ is the way an individual perceives his or her feelings and situation to be at the present time.

A. current state
B. actual state
C. desired state
D. self-concept
Answer» B. actual state
976.

The four main approaches to organisations and management are……..

A. contingency, social action, scientific management and classical
B. classical, human relations, bureaucracy and social action
C. human relations, social action, contingency and scientific management
D. classical, human relations, systems and contingency
Answer» D. classical, human relations, systems and contingency

Done Studing? Take A Test.

Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.