Top 1000+ Solved Fundamentals of Economics and Management MCQ Questions Answer
Q. Discrepancy between existing and a desired state of affairs is called:
a. Opportunity
b. Solution
c. Weakness
d. Problem
Q. Low level management has a complete authority to make decisions in case of:
a. Centralization
b. Decentralization
c. Scalar Chain
d. Order
Q. Which of the following is called an input to a system?
a. Materials
b. Products
c. Services
d. Employee behavior
Q. When objectives are not written down or rarely verbalized, and the planning is general and lackscontinuity, which of the following types of planning is used?
a. Environmental planning
b. Economic planning
c. Informal planning
d. Formal planning
Q. Which one of the following is an example of organization?
a. Hospitals
b. Colleges
c. Factories
d. All of the given options
Q. The principle of “Division of Labor” was given by:
a. Frederick Taylor
b. Joseph Juran
c. Adam Smith
d. W. Edwards Deming
Q. Which of the following types of plans is highly interdependent and must take into account the resources and capabilities of the entire organization and its external environments?
a. Operational plans
b. Strategic plans
c. Tactical plans
d. Budgetary plans
Q. In some countries, such as Venezuela, titles, rank, and status carry a lot of weight. These countries have a large:
a. Power distance
b. Uncertainty avoidance
c. Short- versus long-term orientation
d. Individualism versus collectivism
Q. Plant managers come under which of following management levels?
a. First-line managers
b. Non-managerial employees
c. Middle managers
d. Top managers
Q. At the very first stage of establishment, organizations are generally indulged in:
a. Planning
b. Organizing
c. Leading
d. Controlling
Q. Feed Back of ____ is necessary to improve the quality of the product.
a. Customers
b. Employees
c. Investors
d. All of the given options
Q. The process of monitoring performance, comparing it with goals and correcting any significantdeviations is known as:
a. Planning
b. Organizing
c. Leading
d. Controlling
Q. Staffing is concerned with providing and maintaining................resources.
a. Physical
b. Technical
c. Human
d. Financial
Q. Kets de Vries (1996) identified that most successful leaders perform two roles. What are these roles?
a. Charismatic and architectural
b. Tough and supportive
c. Directive and mentoring
d. Intellectual and coaching
Q. The Action Centred Leadership model was put forward and developed in 1973 by whom?
a. Beer
b. Taylor
c. Adair
d. Fiedler