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CSEET (CS Entrance) — free MCQ practice

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CSEET (CS Entrance) subjects

Business Environment (134)

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Understanding Economic Systems and BusinessMotivating EmployeesManagement and Leadership

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Using the least possible amount of resources to get work done is known as what?Read the answer and worked solution →In management, effectiveness refers to which ability?Read the answer and worked solution →Strategic planning creates broad goals that cover which time frame?Read the answer and worked solution →Which type of planning produces the specific standards, methods, and procedures used inside a functional area?Read the answer and worked solution →

Worked practice questions

Using the least possible amount of resources to get work done is known as what?

  1. Effectiveness
  2. Delegation
  3. Efficiency
  4. Empowerment
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Correct answer: C. Efficiency

1. Efficiency is using the least possible amount of resources to get work done. 2. Effectiveness is a separate idea, the ability to produce a desired result, so it is not the answer here. 3. Delegation and empowerment describe how authority is passed to others, not how sparingly resources are used. 4. Managers need to be both efficient and effective to achieve organizational goals. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 6 "Management and Leadership in Today's Organizations", section 6.1 The Role of Management_

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In management, effectiveness refers to which ability?

  1. The ability to work at the lowest possible cost
  2. The ability to keep resource use to a minimum
  3. The ability to complete work in the least time
  4. The ability to produce a desired result
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Correct answer: D. The ability to produce a desired result

1. Effectiveness is the ability to produce a desired result. 2. The three options about cost, resource use, and time all describe efficiency instead, which is about the sparing use of resources. 3. A manager can be efficient without being effective, which is why the two terms are kept apart. 4. Good management uses the four functions to raise both efficiency and effectiveness. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 6 "Management and Leadership in Today's Organizations", section 6.1 The Role of Management_

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Strategic planning creates broad goals that cover which time frame?

  1. Less than one year
  2. The current period
  3. One to five years
  4. Six to ten years
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Correct answer: C. One to five years

1. Strategic planning creates long-range, broad goals for the organization and works out the resources needed to reach them. 2. The long range here is stated as one to five years. 3. Less than one year is the tactical horizon, and the current period is the operational horizon. 4. Six to ten years is longer than the range given for strategic plans, so it is not the answer. 5. Strategic plans are formulated by top-level managers and then put into action at lower levels. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 6 "Management and Leadership in Today's Organizations", section 6.2 Planning_

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