Description : Getting work done with a minimum effort, expense, or waste is the definition of __________. (a) Management ; (b) Planning ; (c) Efficiency ; (d) Effectiveness
Last Answer : ; (c) Efficiency ;
Description : Strategic Management recognizes the trade-offs between effectiveness & efficiency
Last Answer : True
Description : Which one of the following characteristics is part of the definition of a group? (a) unstable relationship ; (b) interdependent effort ; (c) personal accountability (d) independent behaviour
Last Answer : (b) interdependent effort ;
Description : Today‟s managers understand that the success of any effort at improving quality and productivity must include _____. (a) Quality management programs ; (b) Customer service improvements (c) Employee's participation ; (d) Manufacturing simplification
Last Answer : (c) Employee's participation ;
Description : The purpose of strategic planning is to find ways in which of the company can best : 1. overcome losses 2. use its strengths to take advantage of attractive opportunities in the environment ... the expense of costly research and development while still getting the benefits 5. none of these
Last Answer : use its strengths to take advantage of attractive opportunities in the environment
Description : If unprepared, what strategic pressures are recognized as key factors that can weaken the Organization ? A. Competitive and Environmental pressure B. Control at the expense of flexibility C. Lack of Planners D. Competitive & Environmental pressures and excessive control
Last Answer : Competitive & Environmental pressures and excessive control
Description : Increasing the number of periods in a moving average will accomplish greater smoothing, but at the expense of………. (a) manager understanding ; (b) accuracy ; (c) stability ; (d) responsiveness to changes
Last Answer : (d) responsiveness to changes
Description : Adair claims that the effectiveness of a leader is dependent upon meeting ________areas of need within the work group. (a) three (b) four (c) two (d) none of the above [hint: Adair claims ... need to achieve the common task, the need for team maintenance and the individual needs of group members.]
Last Answer : (a) three
Description : Which of the following statements about independent financial statement audit is correct? a. The audit of financial statements relieves management of its responsibilities for die financial statements. b. An ... with PSAs should be determined by the client who engaged the services of the auditor
Last Answer : The auditor's opinion is not an assurance as to the future viability of the entity as well as the effectiveness and efficiency withwhich management has conducted the affairs of the entity.
Description : An audit designed to evaluate the efficiency and effectiveness of an organization or some or part thereof would not come under the title of a. Performance audit. b. Compliance audit. c. Management audit. d. Operational audit
Last Answer : Compliance audit.
Description : This/These Management Guru/s, increased worker efficiency by redesigning shovels used by steel-workers A. Frederick Taylor B. Henry Gantt C. Frank and Lillian Gilbreth D. Henri Fayol
Last Answer : Frederick Taylor
Description : The Hawthorne studies: (a) Found that to increase worker efficiency, management must analyze and minimize the motions required to complete a task. (b) Found that when workers know they are ... that workers accept a managerial directive only if it is acceptable in terms of their personal interests.
Last Answer : (b) Found that when workers know they are being watched, their productivity increases.
Description : _________ is the process of getting results accomplished through others. (a) Ordering ; (b) Mandating ; (c) Delegating ; (d) Working
Last Answer : (c) Delegating ;
Description : The _________ should plan well and execute perfectly the implementation of ERP. A. Organisation B. System developers C. Vendors D. Top Management
Last Answer : B. System developers
Description : Effects of Telemedicine results in i) Medical assistants at the remote sites ii) Small hospitals can have hardware costs reduced iii) Research study and scope for medical and cost effectiveness iv) All of these
Last Answer : iv) All of these
Description : Governmental regulations can affect the viability & ----------- of a company using the internet as a foreign market entry mode. A. effectiveness B. association C. performance D. None of the above
Last Answer : effectiveness
Description : Which of the following is most likely to be a belief held by a successful manager? (a) Technical knowledge is all that is needed for success. (b) It is not essential to have sound ... skills are necessary, but insufficient alone for success. (d) Effectiveness is not impacted by human behavior.
Last Answer : (c) Technical skills are necessary, but insufficient alone for success.
Description : Investing in Quality Function Deployment Effort can a. reduce labor and administrative costs. b. increase demand and reduce labor costs. c. reduce R&D cycle time and increase demand. d. reduce R&D cycle time and enhance the effectiveness of the promo and sales Budgets. e. increase demand.
Last Answer : d. reduce R&D cycle time and enhance the effectiveness of the promo and sales Budgets.
Description : What are the three phases of disaster management planning? (a) Evacuating, Rebuilding and Re-branding (b) Preparation, Planning and Perception (c) Planning, Evacuating and Recovery (d) Preparation, Response and Recovery
Last Answer : (d) Preparation, Response and Recovery
Description : The terms Strategic Management and Strategic Planning are synonymous with each other
Description : The first phase of the Strategic Management process is forecast based planning
Last Answer : False
Description : Strategic management can be defined as: a) a process of setting written long-term profit plans for the organization. b) a process of measuring performance of the organization. c) a process of operational planning. d) a process of setting long-term direction for the organization
Last Answer : a process of setting long-term direction for the organization
Description : Strategy developed by visionary CEO is ____________ mode of strategic management a. Visionary b. planning c. CEO d. entrepreneurship
Last Answer : entrepreneurship
Description : The Strategic Management process is the way in which Strategists determine Objectives & -- A. Make document recording B. Make Coordinating C. Make Strategic Decisions D. Make Planning
Last Answer : Make Strategic Decisions
Description : Strategy is developed by the visionary Chief Executive in------- mode of Str.Management : A. Planning mode B. Adaptive mode C. Strategic mode D. Entrepreneurial mode
Last Answer : Entrepreneurial mode
Description : Successful weed management is based on a). Knowledge on weed biology b). Survey on the nature of weed problem c). Whole farm planning d). Removal of weeds before flowering i. a & b ii. b & d iii. c & d iv. All
Last Answer : v. All
Description : Determining how tasks are to be grouped is part of which management function? (a) Planning ; (b) Leading ; (c) Controlling ; (d) Organizing
Last Answer : (d) Organizing
Description : Which of the following is not one of the four primary management functions? (a) Controlling ; (b) Planning ; (c) Staffing ; (d) Organizing
Last Answer : ; (c) Staffing ;
Description : Which of the following is not an element of the management process? (a) pricing ; (b) staffing ; (c) planning ; (d) leading
Last Answer : (a) pricing ;
Description : The General Manager‟s meeting was most likely a result of the following management function: (a) Organizing ; (b) Planning ; (c) Decision-Making ; (d) Controlling
Last Answer : ; (c) Decision-Making ;
Description : Many Organizations mistakenly spend more time and effort on the implementation of a Plan than on the formulation of the Plan itself
Description : What is valence? (a) The value or importance an individual places on a reward (b) The importance of doing something well (c) The value of an object to a person (d) The knowledge and effort put into something
Last Answer : (a) The value or importance an individual places on a reward
Description : The theory that individuals act depending upon their evaluation of whether their effort will lead to good performance, whether good performance will be followed by a reward, and whether that reward is attractive ... Equity Theory ; (b) Expectancy Theory ; (c) Empirical Theory ; (d) Outcome Theory
Last Answer : (b) Expectancy Theory ;
Description : Which of the following steps is important to improving expectancy? (a) Create the belief that effort is related to performance. (b) Ask employees what rewards they value. ; (c) Deliver rewards as promised. (d) Make the rewards meaningful.
Last Answer : (a) Create the belief that effort is related to performance
Description : Henderson Synthetics' management believes that several of the firm's products could have sizeable markets in other countries. In an attempt to maintain a low level of commitment with minimum effort and ... through A)contracting. B)exporting. C)joint ventures. D)licensing. E)subsidiaries.
Last Answer : B)exporting.
Description : An increase in the effective power radiated by an antenna in a certain desired direction at the expense of power radiated in other directions. A. Antenna gain B. Antenna back lobe ration C. Antenna total ration D. Antenna efficiency
Last Answer : A. Antenna gain
Description : The index of efficiency and profitability of the business a) Operating ratio b) Operating profit ratio c) Expense ratio d) Net profit ratio
Last Answer : b) Operating profit ratio
Description : ----------------- is the use of scientific method to define the “one best way” for a job to be done. (a) Scientific management ; (b) Bureaucratic management ; (c) Administrative management (d) Management
Last Answer : (a) Scientific management ;
Description : Which of the following are typically seen as being associated with strategic decisions? Select one: a. HR and Technology strategies b. The detailed planning of a department's work over the ... The organization's long-term direction d. values and expectations of powerful actors in the organization
Last Answer : The organization’s long-term direction
Description : Which of the following is typically NOT seen as being associated with strategic decision ? A. The Organization's long term direction B. The detailed planning of a Department's work over the ... and expectations of powerful players in the Organization D. The scope of the Organization's activities
Last Answer : The detailed planning of a Department’s work over the next month
Description : Is efficiency or effectiveness more important to organizational performance Can managersimprove both simultaneously?
Last Answer : playwrights
Description : Governmental auditing often extends beyond examinations leading to the expression of opinion on the fairness of financial presentation and includes audits of efficiency, economy, effectiveness, and also: a. Accuracy b. Evaluation c. Compliance d. Internal control
Last Answer : Compliance
Description : An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity's operating activities in relation to specified objectives is a(n): a. External audit b. Compliance audit c. Operational audit d. Financial statement audit
Last Answer : Operational audit
Description : The subject matter of an assurance engagement can take the following forms except a. The entity’s internal control. b. Historical or prospective financial statements. c. Evaluation of a capital investment proposal. d. Performance of an entity that could indicate efficiency and effectiveness
Last Answer : Evaluation of a capital investment proposal.
Description : Which of the following is more difficult to evaluate objectively? a. Compliance with government regulations b. Efficiency and effectiveness of operations c. All of the above are equally difficult d. Presentation of financial statements in accordance with the PFRS
Last Answer : Efficiency and effectiveness of operations
Description : Carnot cycle efficiency depends upon (a) properties of the medium/substance used (b) condition of engine (c) working condition (d) temperature range of operation (e) effectiveness of insulating material around the engine.
Last Answer : Answer : d
Description : A measure A measure of the success of an success of an operation in converting operation in converting inputs to inputs to outputs is outputs is a. Efficiency b. Effectiveness Effectiveness c. Quality d. Profitability
Last Answer : a. Efficiency
Description : A measure A measure of the success of an success of an operation in producing operation in producing outputs that outputs that satisfy customers satisfy customers is a. Efficiency b. Effectiveness Effectiveness c. Quality d. Profitability
Last Answer : c. Quality