MGT503---Principle of Managment Quiz solution
Tuesday, June 09, 2009 Posted In MGT Edit ThisThe classical view of social responsibility holds that management’s only social responsibility is to:
Select correct option:
Maximize organizational profits for stockholders
Maximize adherence to the laws for stockholders
Maximize organizational profits for stakeholders
Minimize adherence to the laws for stockholders
The ______ of a strategy specifies the range of markets in which an organization will compete.
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Scope
Distinctive Competency
Resource deployment
Effective strategy
Selecting an alternative in the decision-making process is accomplished by:
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Choosing the alternative with the highest score
Choosing the One You Like Best
Selecting the alternative that has the lowest price
Selecting the alternative that is the most reliable
Knowledge management involves encouraging the members of the organization to:
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Improve the educational level of the average employee
Develop new training programs to help new employees
Develop a corporate university
Systematically gather information and share it with others
How an organization distributes its resources across the areas in which it competes is its:
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Scope
Distinctive Competency
Resource deployment
Effective strategy
The quantitative approach has contributed directly in the areas of:
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Planning and control
Control and leading
Organizing and control
Planning and leading
The theory that a person should report to only one manager is called:
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Unity of command
Responsibility factor
Chain of command
Span of control
Which one of the following is strength of MBO?
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Overemphasis of quantitative goals
Requires training of employees
Clarify priorities and expectation
Tends to falter without strong commitment
A business school’s statement that it “strives for productive relationships with local organizations” is an example of which of the following?
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Rule
Policy
Procedure
Commitment
The Concept of Quality was given by:
Select correct option:
Henri Fayol
Prof. Henry Mintzberg
Frank & Lillian Gilbreth
Prof. Edward Deming
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