Executive MBA Management Basics — practice questions
120 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice Executive MBA Management Basics in the app →Planning is best described as deciding in advance:Planning seeks to bridge the gap between where we are and:A firm sets goals so employees know what to do and work in one direction. This benefit is that planning:By anticipating change and preparing responses, planning:Planning gives the goals against which actual performance is measured, so it is a prerequisite for:Because all other managerial functions are performed within the framework of plans, planning is called the:Top management plans for the whole firm while supervisors plan day to day. This shows planning is:Planning looks ahead and is based on forecasting, which makes it:If only one course of action existed, there would be no need to plan because planning involves:Planning requires foresight, imagination and sound judgement, so it is called a:A well-defined plan that managers cannot change when conditions shift shows that planning leads to:Because top management makes the plans and others merely implement them, planning may:Boardroom meetings, expert consultations and preliminary investigations mean planning:A plan that worked before may not work again, which shows planning:The first step in the planning process is:The assumptions about the future on which plans are built are called:A plan developed for a one-time event or project, not likely to be repeated, is a:Policies, procedures, methods and rules are examples of:A comprehensive plan that sets long-term objectives, adopts a course of action and allocates resources is a:A general statement that guides thinking, such as a recruitment or pricing policy, is a:Specific statements that allow no flexibility or discretion, such as reporting for work on time, are:A statement of expected results expressed in numerical terms is a:Leadership is the process of influencing behaviour so that people strive:Leadership shows an individual's ability to:A leader who gives orders and expects them to be obeyed, with one-way communication, is:A leader who makes decisions in consultation with subordinates is:A leader who gives followers a high degree of independence to set their own objectives is:The three basic leadership styles are classified on the basis of the use of:Researchers identified roughly how many leadership traits in all?A leader who serves as a role model in ethics and honesty shows the quality of:A good leader should be not only a good speaker but also a good listener, teacher and counsellor. This is the The word communication comes from the Latin word communis, which means:Converting a message into words, pictures or gestures is:Actions of the receiver showing the message was received and understood are:A poor telephone connection or an inattentive receiver is an example of:A manager is estimated to spend about what share of time communicating?Communication flowing through official channels shown on the organisation chart is:An employee's leave application to the boss is an example of:A production manager discussing delivery schedules with the marketing manager is:In which communication network do all subordinates communicate only through one superior?The network in which each person can communicate with everyone freely, and flow is fastest, is:Informal communication in an organisation is generally called the:Which grapevine network is the most popular in organisations?Barriers arising from wrong words and faulty translations are:An economy with both privately owned and government owned enterprises is called a:Organisations owned and managed by the government form the:The Industrial Policy Resolution that first set out India's approach to industrial development was of:Which industrial policy was radically different, favouring disinvestment and more freedom for private firms?Companies which operate in more than one country are called:The three forms of organising public sector enterprises are departmental undertaking, government company and:The oldest and most traditional form of organising a public enterprise is the:Railways and the post and telegraph department are examples of:Funding for a departmental undertaking comes directly from the:Employees of a departmental undertaking are:A drawback of departmental undertakings is the delay caused by:A public enterprise brought into existence by a Special Act of Parliament is a:A statutory corporation is a body corporate, so it can:Employees of a statutory corporation are governed by:A statutory corporation is described as a valuable instrument for economic development because it combines govA government company is established under which law?A government company is one in which government holds not less than what share of paid up capital?Shares of a government company are purchased in the name of the:The auditor of a government company is appointed by the:An advantage of a government company is that it has a separate legal entity apart from the:A continuously loss-making public sector unit was referred for overhaul or shutdown to the:The public sector was expected to build which base that the private sector would not invest in?A bakery splits one worker's job into kneading, baking and packing, each done by a different person. This is:A firm groups its jobs and employees into marketing, finance and production units. This grouping is called:A hospital organises itself into pediatrics, cardiology and orthopedics units. That is departmentalisation by:An oil company builds units for drilling, refining and distribution, following how the work flows. This is by:A bank has separate arms for retail consumers, asset management and corporate clients. This is by:A firm sets up US and Canadian marketing, European marketing and Latin American marketing. This is by:A small entrepreneurial firm runs on direct authority flowing straight from the top down, with no advisers. ThAs the firm grows, it adds legal counsel and public relations advisers alongside production and sales. It now Legal counselling, managerial consulting and human resource management are examples of:An engineer reports both to her functional head and to a project manager. Her firm uses a:The matrix structure is sometimes also called the:In one pharmaceutical firm, authority is held by a group reporting to the board rather than by one person. ThiThe line of authority showing who reports to whom, traceable from the CEO downward, is the:Handing part of one's authority to a subordinate, making that person accountable, is:The number of employees a manager can effectively supervise is called the:Work at a firm becomes far more complex. The span of control should therefore become:A manager's workers are highly skilled and strongly motivated. The span of control can be:Top management makes almost every key decision with little input from below. This firm shows:A tightly centralised firm gains tight financial control, but risks:A retailer pushes decision-making authority down to store managers. This is:A firm with high job specialisation, rigid departments and tight control is described as:A firm with low job specialisation, loose departments and flexible roles is described as:A store manager orders raw material every week using the same well-known criteria. This is a:A manager weighs whether to adopt a brand new technology with many unknowns. This is a:Mental shortcuts managers use to reach routine decisions quickly are called:Programmed decisions are also described as:Nonprogrammed decisions are also described as:The systematic decision-making process described has how many steps?The first step in that systematic process is to:After generating alternatives, the next step is to:The final step in that process is to:The idea that we cannot be fully rational because we cannot grasp all alternatives is:Choosing the first acceptable solution rather than hunting for the best one is:Paying more attention to information that supports what we already believe is:Time pressure in decision-making tends to push managers toward:Managers with more experience are better at decisions mainly because experience helps them:Only generating two options before choosing risks:Group members staying silent about concerns just to keep the peace is called:One group member deliberately taking the role of critic is playing the:The main advantage of involving a group in a decision is that it brings:A risk in group decisions is that one powerful member may:For routine decisions, the rules and criteria can be:A retail manager who always adds 30 percent staff for a big sale is using a:Deciding how many raw materials to order, given stock and expected production, is best treated as:People who take charge of or guide the activities of others are called:The university whose researchers, led by Ralph Stogdill, identified two leader behaviours was:The relationship-oriented behaviour those researchers identified is called:The task-oriented behaviour they identified is called:Leaders once believed they had to choose one behaviour or the other, but the studies showed both can be:The other university that studied leader behaviours at the same time was:Behaviours devoted to supervisory functions such as planning and scheduling are described as:The pair who developed a grid for classifying leadership styles were:The contingency model of leadership was set out by:In that model, leaders are asked to describe their: