Top 350+ Solved Information systems and engineering economics MCQ Questions Answer
Q. Definable groups of people who have an economic and/or social interest in the organisation are called
a. stakeholders
b. employees
c. managers
d. all of the above
Q. Governance policies, rules, as well as authority structures apply to which key resource element of the organisation?
a. technology
b. organisational culture
c. organisation
d. people
Q. Productivity is a ratio of outputs (products or services) to ____________.
a. profits generated
b. sales price
c. inputs consumed
d. behaviour effectiveness
Q. "Doing the right things" is referred to as ____________.
a. effectiveness
b. efficiency
c. productivity
d. profitability
Q. Revitalization involves ________ the strategies, resources, technology, and skills of theorganisation.
a. focusing
b. categorizing
c. formalizing
d. renewing
Q. What is the relationship between satisfaction and productivity, as suggested by research?
a. high satisfaction leads to high productivity
b. productivity does not influence satisfaction
c. moderate satisfaction results in low productivity
d. productivity often leads to satisfaction
Q. Satisfaction is defined as positive feelings people have about an organisation whether as a/an
a. supplier, employee, customer, or regulator
b. employer, customer, regulator, or supplier
c. investor or stockbroker
d. none of the above
Q. Management is the practice of
a. recruiting and motivating talented people to work for your organisation
b. increasing a firm\s revenues and cutting costs to maximize profits
c. directing, organizing, and developing people, technology, and financial resources
d. mastering political behaviours so that the fittest survive and rise to the top
Q. Productivity ultimately depends on both
a. efficiency and effectiveness
b. infrastructure and culture
c. people and money
d. satisfaction and revitalization
Q. What is planning?
a. the process of establishing objectives and specifying how they are to be accomplished inan uncertain future
b. the process of evaluating whether outcomes match objectives and, if not, takingcorrective action
c. the pattern of managing actions that focus resources and core competence on achievinga sustained competitive advantage
d. determining a workable fit between organisational competencies and limitations on theone hand and opportunities and threats on the other
Q. What is the process of managerial control or controlling?
a. the process of establishing objectives and specifying how they are to be accomplished inan uncertain future
b. the process of evaluating whether outcomes match objectives and, if not, takingcorrective action
c. the pattern of managing actions that focus resources and core competence on achievinga sustained competitive advantage
d. determining a workable fit between organisational competencies and limitations on theone hand and opportunities and threats on the other
Q. What is competitive strategy?
a. the process of establishing objectives and specifying how they are to be accomplished inan uncertain future
b. the process of evaluating whether outcomes match objectives and, if not, takingcorrective action
c. the pattern of managing actions that focus resources and core competence on achievinga sustained competitive advantage
d. planning actions at the line of business level about where and how to compete
Q. The process of strategic thinking most involves what?
a. the process of establishing objectives and specifying how they are to be accomplished inan uncertain future
b. the process of evaluating whether outcomes match objectives and, if not, takingcorrective action
c. the pattern of managing actions that focus resources and core competence on achievinga sustained competitive advantage
d. determining a workable fit between organisational competencies and limitations on theone hand and opportunities and threats on the other
Q. At what organisational level is it necessary to balance strategic actions with environmental and resource conditions?
a. departmental
b. middle management
c. corporate
d. all of the above