Top 1000+ Solved Fundamentals of Economics and Management MCQ Questions Answer
Q. Which of the following is the employer-employee authority relationship that follows the chain of command?
a. Staff authority
b. Referent power
c. Line authority
d. Functional authority
Q. Which of the following steps in the planning process should be completed before the others can beaddressed?
a. Putting plans into action
b. Stating organizational objectives
c. Listing alternative ways of reaching objectives
d. Developing premises on which to base each alternative
Q. Standing plans that furnish broad guidelines for channeling management thinking in specified direction are called
a. Single-use plans
b. Programs
c. Procedures
d. Policies
Q. Which of the following is/are advantage(s) of a functional structure?I. Permits growth and diversity of products and services. II. Power and prestige. III. Clarity about career paths. IV. Furnishes measurable training ground for general managers.
a. Only (I) above
b. Both (I) and (IV) above
c. Both (II) and (III) above
d. (I), (II) and (III) above
Q. Power based upon identification with a person who has desirable resources or personal traits is known as
a. Coercive power
b. Legitimate power
c. Expert power
d. Referent power
Q. If Coca-Cola wished to examine its general environment before constructing its business strategy, thecompany would explore all of the following environments except
a. Sociocultural
b. Knowledge
c. Global
d. Economic
Q. Many sophisticated techniques or tolls are useful in decision-making. Which of the following is a tool that helps managers figure out how much to produce and points out the relationship between revenues, costs, and profits?
a. Marginal analysis
b. Breakeven analysis
c. Ratio analysis
d. Financial analysis
Q. With respect to factors that affect reorganization, when a single change triggers off a sequence ofrelated changes, it is called the
a. Halo effect
b. Hawthorne effect
c. Domino effect
d. Sensitivity effect
Q. Which of the following is a method that can be used to overcome the tendency toward conformity in group decision-making?
a. Brainstorming
b. Nominal group technique
c. Groupthink
d. Electronic meetings
Q. Which of the following is a strength of the divisional structure?
a. It focuses on results
b. It gains advantages due to work specialization
c. Employees have more than one boss
d. It is based solely on teams
Q. Douglas McGregor's view that suggests that employees will exercise self-direction and self-control when they are committed to the objectives of the work is called:
a. Theory X
b. Theory Z
c. Theory Y
d. Theory A
Q. Which step in Maslow's Hierarchy of Needs Theory deals with achieving one's potential?
a. Self-actualization
b. Safety
c. Esteem
d. Physiological
Q. Which of the following would be classified by Herzberg as a hygiene factor?
a. Responsibility
b. Company policy
c. Personal growth
d. Achievement
Q. Who proposed that achievement, affiliation and power are three important needs that help explainmotivation in workplace situations?
a. McClelland
b. Maslow
c. Alderfer
d. Herzberg