Top 1000+ Solved Fundamentals of Economics and Management MCQ Questions Answer
Q. Challenging goals usually lead to __________ performance from individuals and groups.
a. Higher
b. Lower
c. Excellent
d. None of the Above
Q. Which of the following is not a basic function of the management process?
a. Controlling
b. Organizing
c. Working
d. Leading
Q. One of the greatest effects of e-commerce is that:
a. Costs will be reduced
b. Customers will be empowered
c. Employees become more powerful
d. Computers will
Q. Which of the following has been the main driver to the globalization of business?
a. The higher standards of living in the U.S. and Europe
b. Technology
c. The NAFTA trade agreement
d. The increasing ethnic diversity within countries
Q. Operations management is applicable
a. mostly to the service sector
b. mostly to the manufacturing sector
c. to manufacturing and service sectors
d. to the manufacturing sector exclusively
Q. Walter Shewhart is listed among the important people of operations management because of hiscontributions to
a. assembly line production
b. measuring the productivity in the service sector
c. statistical quality control
d. all of the above
Q. Henry Ford is noted for his contributions to
a. standardization of parts
b. statistical quality control
c. assembly line operations
d. scientific management
Q. Taylor and Deming would have both agreed that
a. Whirlpool's global strategy is a good one
b. Eli Whitney was an important contributor to statistical theory
c. Management must do more to improve the work environment and its processes so that quality can be improved
d. The era of Operations Management will be succeeded by the era of scientific management
Q. Who among the following is associated with contributions to quality control in operations management?
a. Charles Babbage
b. Frank Gilbreth
c. W. Edwards Deming
d. Henri Fayol
Q. The field of operations management is shaped by advances in which of the following fields?
a. chemistry and physics
b. industrial engineering and management science
c. information sciences
d. all of the above
Q. The five elements in the management process are
a. plan, direct, update, lead, and supervise
b. accounting/finance, marketing, operations, and management
c. organize, plan, control, staff, and manage
d. plan, lead, organize, manage, and control
Q. The responsibilities of the operations manager include
a. planning, organizing, staffing, procuring, and reviewing
b. forecasting, designing, planning, organizing, and controlling
c. planning, organizing, staffing, leading, and controlling
d. designing and operating
Q. Which of the following is not an element of the management process?
a. pricing
b. staffing
c. planning
d. leading
Q. An operations manager is not likely to be involved in…..
a. the design of products and services to satisfy customers' wants and needs
b. the quality of products and services to satisfy customers' wants and needs
c. the identification of customers' wants and needs
d. forecasting sales
Q. All of the following decisions fall within the scope of operations management except for……
a. financial analysis
b. design of products and processes
c. location of facilities
d. all of the above fall within the scope of operations management