Q#1: Sulman thinks about his job while playing with his son on the weekend, and he continually volunteers to do extra assignments and projects for his department. These suggest that Sulman has a strong need for:
(A) Esteem
(B) Security
(C) Achievement
(D) Power
Answer: (C) Achievement
Q#2: Asim assigned Khalid a project to be completed by the end of the month and then holds periodic meetings with him to review his progress. Which management function is Asim performing?
(A) Planning
(B) Leading
(C) Controlling
(D) Organizing
Answer: (C) Controlling
Q#3: The single European Union currency is called:
(A) Franc
(B) Franc-mark
(C) Pound
(D) Euro
Answer: (D) Euro
Q#4: A large chemical company not only disposes all toxic waste properly as outlined by law but also spends $1 million annually on research for better disposal methods. This company is exhibiting:
(A) Social responsibility
(B) Social obligation
(C) Moral obligation
(D) Social responsiveness
Answer: (D) Social responsiveness
Q#5: Ali has decided to implement changes within the production process after reviewing performance levels. He is practicing:
(A) Planning
(B) Controlling
(C) Leading
(D) Organizing
Answer: (B) Controlling
Q#6: A plan developed to carry out a course of action not likely to be repeated is called:
(A) Single-use plan
(B) Specific plan
(C) Reaction plan
(D) Directional plan
Answer: (A) Single-use plan
Q#7: The intent to reduce uncertainty by playing out potential situations under different conditions is called:
(A) Project management
(B) Scheduling
(C) Environmental analysis
(D) Scenario planning
Answer: (D) Scenario planning
Q#8: All of the following are disadvantages of group decision making EXCEPT:
(A) More time taken to reach a solution
(B) Minority domination
(C) More alternatives are generated
(D) Groupthink decreases effectiveness of decision
Answer: (C) More alternatives are generated
Q#9: Ali purchased a bag from the first store he visited without comparing alternatives. This is:
(A) Maximizing
(B) Satisficing
(C) Risky
(D) Optimal
Answer: (B) Satisficing
Q#10: Asad continues his original statement despite knowing it is wrong due to embarrassment. This is:
(A) Bounded rationality
(B) Satisficing
(C) Escalation of commitment
(D) Maximizing
Answer: (C) Escalation of commitment
Q#11: Aisha sells her house to the first buyer who offers. She is practicing:
(A) Bounded rationality
(B) Satisficing
(C) Competitive
(D) Optimizing
Answer: (B) Satisficing
Q#12: Decision making based on facts like costs and revenues is called:
(A) Decision quality
(B) Escalation of commitment
(C) Optimizing
(D) Satisficing
Answer: (A) Decision quality
Q#13: In simple problems, rational assumptions are met because:
(A) Goals are clear and alternatives are boundless
(B) Goals are unlimited and alternatives are limitless
(C) Goals are clear and alternatives limited
(D) Goals are boundless and alternatives are clear
Answer: (C) Goals are clear and alternatives limited
Q#14: Lower level management mostly deals with:
(A) Satisficing
(B) Well-structured problems
(C) Non-programmed problems
(D) Ill-structured problems
Answer: (B) Well-structured problems
Q#15: Putting a decision into action is called:
(A) Decision implementation
(B) Rational decision making
(C) Irrational decision making
(D) Problem identification
Answer: (A) Decision implementation
Q#16: After identifying a problem, the next step is:
(A) Discrepancies
(B) Decision criteria
(C) Scenarios
(D) Factor weights
Answer: (B) Decision criteria
Q#17: Manager observing turnover reduction after training is at which step?
(A) Identify the problem
(B) Evaluate the decision criteria
(C) Analyze the alternatives
(D) Evaluate the results
Answer: (D) Evaluate the results
Q#18: Estimating orders based on past outcomes is under:
(A) Seasonal
(B) Risk
(C) Uncertainty
(D) Certainty
Answer: (B) Risk
Q#19: Feasibility refers to:
(A) Reversibility
(B) Sustainability
(C) Feasibility
(D) Acceptability
Answer: (C) Feasibility
Q#20: A choice made from alternatives is called:
(A) Support
(B) System
(C) Network
(D) Decision
Answer: (D) Decision
Q#21: Free trade agreement between Mexico, Canada, USA is:
(A) NAFTA
(B) ASEAN
(C) EU
(D) WTO
Answer: (A) NAFTA
Q#22: Employees accepting wage cuts earlier but company refusing restoration shows:
(A) Unethical
(B) Socially responsible
(C) Ethical
(D) Socioeconomic
Answer: (A) Unethical
Q#23: Company obeying laws and focusing on profit maximization shows:
(A) Social responsibility
(B) Social obligation
(C) Moral obligation
(D) Social responsiveness
Answer: (B) Social obligation
Q#24: Mega environment related to culture and demographics is:
(A) Socio-cultural element
(B) International element
(C) Economic element
(D) Legal-political element
Answer: (A) Socio-cultural element
Q#25: NOT part of external environment:
(A) Culture
(B) Customers
(C) Competitors
(D) Regulators
Answer: (A) Culture
Q#26: NOT part of internal environment:
(A) Employees
(B) Owner
(C) Culture
(D) Regulators
Answer: (D) Regulators
Q#27: Task environment is also called:
(A) Specific environment
(B) Goal oriented environment
(C) Open environment
(D) Close environment
Answer: (A) Specific environment
Q#28: Mega environment is also called:
(A) Open environment
(B) Close environment
(C) Flexible environment
(D) General environment
Answer: (D) General environment
Q#29: Disney synergy example shows:
(A) Negative entropy
(B) Synergy
(C) Transformation
(D) Entropy
Answer: (B) Synergy