MGT503 Solved Final Term (Current) Paper

A firm that is involved in two or more distinct businesses is known as:  

Select correct option:  

 A diversified company  

 A ventured company 

 A restructured company 

 A multinational corporation  

Organizations that exploit their distinctive competencies often attain above normal economic performance and obtain

Distinctive competencies
Common strength
Competitive edge
Competitive parity

Which of the following describe(s) a global marketplace?
The entire world is a marketplace
National borders are irrelevant
The potential for organizations to grow expands dramatically
All of the given options

The __ of a strategy specifies the range of markets in which an organization will compete
Scope
Distinctive Competency
Resource deployment
Effective strategy

When a manger made a decision and he is uncertain about the outcomes. His decision is likely to be:
Of Poor Quality
Unacceptable
Successful
Risky

Non-programmed decisions are typically made under a condition of which of the following?
Certainty
Low levels of risk
Uncertainty
Reliability

Which of the following is part of the 14 principles of management identified by Henri Fayol?
Scalar chain
Innovation
Efficiency

Motivation

A well-designed goal should be:
Short and very specific about expected outcomes

Written in terms of outcomes rather than actions

Identifiable to even the first-line supervisors
Specific and within a manageable time frame

The threat of new entrants is the extent to which new competitors can easily enter a market. Thus the threat of new entrants for a local restaurant than a automobile company is
High
Low
Moderate
Equal

Which of the following BEST describes directional plans?
Flexible plans that set out general guidelines
Stringent plans that establish specific directions
Formal plans that provide the directions of how to assemble the product

General plans that allow the workers to change the schedule of production

SWOT analysis divides organizational strengths into two categories; common strength and__.
Strategic imitation
Competitive edge
Competitive parity
Distinctive competencies

Planning is often called the primary management function because it:
Select correct option:
Offers some basis for future decision making
Creates the vision for the organizational members
Establishes the basis for all the other functions
Sets the tone for the organizational culture

The organization that has developed the capacity to continuously learn, adapt, and change is called:
Select correct option:
Virtual organization
Learning organization
Traditional organization
Bureaucratic organization

Which of the following is important in effectively implementing the chosen alternative in the decision-making process?
Select correct option:
Getting upper-management support
Double-checking your analysis for potential errors
Allowing those impacted by the outcome to participate in the process
Ignoring criticism concerning your chosen alternative

Cultivating a learning culture where organizational members systematically gather knowledge and share it with others in the organization so as to achieve better performance is called:
Knowledge management
Technical management
Software management
Systems management

Which one of the following individuals is most closely associated with scientific management?
Select correct option:
Frederick Taylor
Mary Parker Follett
Harold Koontz
Max Weber

All of the following are steps in objective setting, EXCEPT.
Select correct option:
Specify deadlines
Allow the employee to actively participate
Link rewards to effort
Prioritize goals

Concern for employee motivation is most closely associated with which of the following management approach?
Select correct option:
Bureaucracy
Organizational behavior
Scientific management
Systems

TCS represents what factor to the Pakistan Postal Service in its specific environment?
Select correct option:
Competitor
Supplier
Customer
Government agency

An appropriate managerial behavior in a given situation that depends on a wide variety of elements, is called:
Select correct option:
Open system
Contingency perspective  Not Sure

Entropy
Quantitative perspective

A budget is an example of which of the following plan?
Select correct option:
Strategic plan
Single use plan
Informal plan
Standing plan

Which of the following is best described as doing something differently and has been described as discontinuous or complementary change?
Select correct option:
Entrepreneurship
Innovation
Variance
Enterprise

First-line mangers are responsible to report to:
Select correct option:
Top level mangers
Middle-level mangers
Supervisors
Operational mangers

To run organization efficiently an organization need engineering skills as well as managerial skills. This idea was given by:
Select correct option:
Robert Owen
Charles Babbage
Henry Towne
W. Edwards Deming

Associations of different nations like European Union & NAFTA have been established to:
Select correct option:
Share the armies of each other
Stabilize the political systems
Promote open trade among nations
All of the given options

Discrepancy between existing and a desired state of affairs is called:
Select correct option:
Opportunity
Solution
Weakness
Problem

Low level management has a complete authority to make decisions in case of: 
Select correct option: 

Centralization 
Decentralization 
Scalar Chain
Order

Ali is a manager in a multinational organization. He believes that the employees of the company are lazy and do not have much ambition. Ali can be classed as_____ manager based on the perspectives of Douglas McGregor. 
Select correct option: 

Theory Y 
Bureaucratic 
Theory X
Administrative

Which of the following is called an input to a system? 
Select correct option: 

Materials
Products 
Services 
Employee behavior

When objectives are not written down or rarely verbalized, and the planning is general and lacks continuity, which of the following types of planning is used? 
Select correct option: 

Environmental planning 
Economic planning 
Informal planning 
Formal planning

Which one of the following is an example of organization? 
Select correct option: 

Hospitals 
Colleges 
Factories 
All of the given options

The principle of “Division of Labor” was given by: 
Select correct option: 

Frederick Taylor 
Joseph Juran 
Adam Smith 
W. Edwards Deming

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? 
Select correct option: 

Operational plans 
Strategic plans
Tactical plans 
Budgetary plans

In some countries, such as Venezuela, titles, rank, and status carry a lot of weight. These countries have a large: 
Select correct option: 

Power distance
Uncertainty avoidance
Short- versus long-term orientation
Individualism versus collectivism

Plant managers come under which of following management levels? 
Select correct option: 

First-line managers 
Non-managerial employees 
Middle managers 
Top managers

At the very first stage of establishment, organizations are generally indulged in: 
Select correct option: 

Planning
Organizing 
Leading
Controlling

Feed Back of ____ is necessary to improve the quality of the product. 
Select correct option: 

Customers 
Employees 
Investors 
All of the given options

Which one of the following is weakness of MBO? 
Select correct option: 

Requires training of employees
Coordination of goals and plans 
Clarify priorities and expectation 
Foster employee motivation 

The process of monitoring performance, comparing it with goals and correcting any significant deviations is known as: 
Select correct option: 

Planning 
Organizing 
Leading 
Controlling 

Associations of different nations like European Union & NAFTA have been established to:
Share the armies of each other
Stabilize the political systems
Promote open trade among nations
All of the given options