Top 1000+ Solved Fundamentals of Economics and Management MCQ Questions Answer
Q. __________ 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.
a. Planning
b. Organizing
c. Leading
d. Controlling
Q. A manufacturing company has divided its departments into pattern making, fabric cutting, and fabriccoloring. What type of departmentalization is this?
a. Geography Departmentalization
b. Process Departmentalization
c. Matrix/Project Departmentalization
d. Function Departmentalization
Q. A ______ organizational structure is the simplest form and has clear lines of authority and ease ofdecision making.
a. Horizontal
b. Line
c. Vertical
d. Staff
Q. The management of people/labor should be handled by what department in an organization?
a. Administration
b. Human Resources
c. Information Systems
d. Accounting
Q. When a candidate for a position is asked general, open-ended job related questions, they areexperiencing what type of interview?
a. Unstructured Interview
b. Relaxed Interview
c. Unorganized Interview
d. Structured Interview
Q. Which of the following is NOT a major influence on the rate of compensation?
a. Competition
b. Voluntary retirement
c. Laws
d. Unions
Q. Which type of separation is most unpleasant for an employee?
a. Termination
b. Mandatory retirement
c. Voluntary retirement
d. Resignation
Q. Leadership can _______ subordinates to help the organization achieve its goals.
a. Motivate
b. Communicate
c. Direct
d. All of the above
Q. Which source of power is based on an individual's knowledge, special skills, abilities, or previousexperience?
a. Referent power
b. Expert power
c. Referent power
d. Legitimate power
Q. Which source of power is based on a manager's ability to punish a subordinate?
a. Coercive power
b. Referent power
c. Rewarded power
d. Legitimate power
Q. The theory that an individual tends to act in a certain way, with the expectation that the act will befollowed by a given outcome and according to the attractiveness of the outcome is _____.
a. Equity theory
b. Three-needs theory
c. Motivation-hygiene theory
d. Expectancy theory
Q. Leaders who inspire followers to transcend their own self-interests for the good of the organization, andare capable of having a profound and extraordinary effect on followers are _____ leaders.
a. Transactional
b. Transformational
c. Democratic
d. Autocratic
Q. A group of employees with expertise in a variety of specialty areas who are brought together to workon a project or specific activity is a:
a. Cross functional team
b. Self-managed team
c. Virtual team
d. Problem-solving team
Q. ____________ is the power to give positive benefits or rewards.
a. Expert power
b. Reward power
c. Legitimate power
d. Coercive power