Top 1000+ Solved Fundamentals of Economics and Management MCQ Questions Answer
Q. ___________________ are those plans that are extended beyond three years.
a. Short Term Plans
b. Long Term Plans
c. Specific Plans
d. Strategic Plans
Q. ________________ need involves the desire to affiliate with and be accepted by others.
a. Esteem
b. Belongingness
c. Safety
d. Self-Actualization
Q. ________ is the recording system which enables sender to leave messages for receiver by telephone.
a. E-Mail
b. Voice Mail
c. Videoconferencing
d. Teleconferencing
Q. A ___________ refers to the authority and responsibility for achieving the major goals of the Organization.
a. Line position
b. Staff position
c. Line authority
d. None of the given options
Q. ----------- maintains self developed network of outside contacts and informers who provide favors andinformation.
a. Entrepreneur
b. Monitor
c. Liaison
d. Figurehead
Q. Seema desires for friendship, love, and a sense of belonging, we can say that she fulfils the_______
a. Physical need
b. Self Actualization
c. Social need
d. Esteem
Q. ------------ is a condition in which the decision maker chooses a course of action without completeknowledge of the consequences that will follow implementation.
a. Risk
b. Uncertainty
c. Ambiguity
d. Accuracy
Q. NAFTA stands for:
a. North American Free Trade Agreement
b. North Asian Free Trade Agreement
c. North American Free Trade Association
d. None of the given options
Q. ___________shows the management structure of an organization.
a. Hierarchy
b. Decision Tree
c. Incremental Model
d. Satisfying model
Q. If the average human being prefers to be directed, wishes to avoid responsibility, has relatively littleambition and wants security above all, the management attitude would be:
a. Theory Y manager
b. Theory X manager
c. Theory Z manager
d. All of the given options
Q. Getting work done with a minimum effort, expense, or waste is the definition of __________.
a. Management
b. Planning
c. Efficiency
d. Effectiveness
Q. Which of the following is not an argument for the assumption of social responsibility by business?
a. Long-run profits
b. Stockholder interests
c. Ethical obligations
d. Costs
Q. _________ concluded that managers perform 10 interrelated activities that relate to decision making,using information and interpersonal relationships.
a. Mintzberg
b. Abraham Maslow
c. Robert Owen
d. Henri Fayol
Q. Scientific Management approach is developed by
a. Elton Mayo
b. Henry Fayol
c. F.W. Taylor
d. (A) Maslow