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Virtual University MGT503 MCQs solved

1. __________ is the process of using the resources and personnel of an

organization in an orderly way to achieve the objectives and long-term

goals of the organization.

Planning

Organizing

Leading

Controlling

2. Which of the following is the most common type of departmentalization?

Customer/Market Departmentalization

Function Departmentalization

Geography Departmentalization

Process Departmentalization

3. A manufacturing company has divided its departments into pattern making, fabric cutting, and fabric coloring. What type of departmentalization is this?

Geography Departmentalization

Process Departmentalization

Matrix/Project Departmentalization

Function Departmentalization

4. A ______ organizational structure is the simplest form and has clear lines of authority and ease of decision making.

Horizontal

Line

Vertical

Staff

5. The management of people/labor should be handled by what department in an organization?

Administration

Human Resources

Information Systems

Accounting

6. When a candidate for a position is asked general, open-ended job related questions, they are experiencing what type of interview?

Unstructured Interview

Structured Interview

Relaxed Interview

Unorganized Interview

7. Which of the following is NOT a major influence on the rate of compensation?

Competition

Voluntary retirement

Laws

Unions

8. Which type of separation is most unpleasant for an employee?

Termination

Mandatory retirement

Voluntary retirement

Resignation

9. Leadership can _______ subordinates to help the organization achieve its goals.

Motivate

Communicate

Direct

All of the above

10. Which source of power is based on an individual's knowledge, special skills, abilities, or previous experience?

Referent power

Expert power

Referent power

Legitimate power

11. Which source of power is based on a manager's ability to punish a subordinate?

Coercive power

Referent power

Rewarded power

Legitimate power

12. A budget is what type of control?

Standard

Process

Division

Financial

13. The theory that an individual tends to act in a certain way, with the

expectation that the act will be followed by a given outcome and according

to the attractiveness of the outcome is _____.

Equity theory

Three-needs theory

Motivation-hygiene theory

Expectancy theory

14. Leaders who inspire followers to transcend their own self-interests for the good of the organization, and are capable of having a profound and extraordinary effect on followers are _____ leaders.

Transactional

Transformational

Democratic

Autocratic

15. A group of employees with expertise in a variety of specialty areas who are brought together to work on a project or specific activity is a:

Cross functional team

Self-managed team

Virtual team

Problem-solving team

16. ____________ is the power to give positive benefits or rewards.

Expert power

Reward power

Legitimate power

Coercive power

17. The final step of the strategic management process is ___________.

Doing an internal analysis

Formulating strategies

Implementing strategies

Evaluating results

18. A/An ________ is a formal evaluation of an organization's financial

statements, performed either by an outside accounting firm or by an

internal department.

Revenue operating budget

Incident log

Financial audit

Balance sheet budget

19. In a PERT network, slack time is _____.

The end point that represents the completion of a major activity

The time or resources required to progress from one event to another

The amount of time an individual activity can be delayed without delaying

the whole Project

The longest or most time-consuming sequence of events and activities

20. Which type of decision making is carried out by lower level management and deals with specific day-to-day processes?

Programmed decision making

Operational decision making

Administrative decision making

Mid-level decision making

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