Top 1000+ Solved Fundamentals of Economics and Management MCQ Questions Answer
Q. When we classify managers according to their level in the organization they are described as _______.
a. Functional, staff and line managers
b. Top managers, middle managers and supervisors
c. High level and lower level managers
d. General managers and administrative managers
Q. Frederick Taylor and Frank and Lillian Gilbreth were advocates of an approach to management involving the use of scientific method, known as:
a. The quantitative approach.
b. Management science.
c. Scientific management.
d. The contingency approach.
Q. Authority, discipline, unity of command, and unity of direction are:
a. Taylor's four principles of management.
b. Principles of the human relations movement.
c. Elements of Weber's ideal bureaucratic structure.
d. Four of Fayol's fourteen principles of management.
Q. Some of the other fields of study that affect management theory or practice include:
a. Political science, philosophy, anthropology and sociology
b. Zoology, psychology, sociology and philosophy.
c. Anthropology, astrology, political science and psychology.
d. Political science, sociology, typography and economics.
Q. The philosophy of management known as total quality management developed primarily out of thework of:
a. Henri Fayol
b. Frederick Taylor
c. Robert McNamara
d. W. Edwards Deming
Q. Possibly the most important pre-20th century influence on management was:
a. Therbligs
b. The industrial revolution.
c. Scientific management.
d. The division of labor.
Q. ________________ need involves the desire to affiliate with and be accepted by others.
a. Esteem
b. Belongingness
c. Safety
d. Self Actualization
Q. Needs that impel creativity and innovation, along with the desire to have a productive impact on oursurroundings are ___________ needs.
a. Existence
b. Relatedness
c. Growth
d. None of the Above
Q. Division of labor, authority hierarchy, formal selection, formal rules and regulations, impersonality, andcareer orientation are all features of:
a. Weber's ideal type bureaucracy.
b. General administrative theory.
c. Fayol's principles of management.
d. Taylor's principles of management.
Q. The decision-making model consists of four styles: directive, analytic, behavioral and _______________.
a. Conceptual
b. Intuitive
c. Group interaction
d. Laggard
Q. ________ is characteristic of liquidity ratios.
a. Organization’s ability to meet its current debt obligations
b. Organization’s use of debt to finance its assets and whether it’s able to meet the interest payments on the debt
c. How efficiently the firm is using its assets
d. None of given options
Q. __________ is a communication that flows from a higher level to one or more lower levels in theorganization.
a. Horizontal communication
b. Upward communication
c. Downward communication
d. None of given options
Q. _____ is an individual's capacity to influence decisions
a. Span of control
b. Line authority
c. Staff authority
d. Power
Q. An organizational design with low departmentalization, wide spans of control, authority centralized in asingle person and little formalization are characteristics of ________.
a. Simple structure
b. Functional structure
c. Divisional structure
d. None of given option