MGT503---Principle of Managment Quiz solution

The classical view of social responsibility holds that management’s only social responsibility is to:

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Maximize organizational profits for stockholders

Maximize adherence to the laws for stockholders

Maximize organizational profits for stakeholders

Minimize adherence to the laws for stockholders

The ______ of a strategy specifies the range of markets in which an organization will compete.

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Scope

Distinctive Competency

Resource deployment

Effective strategy

Selecting an alternative in the decision-making process is accomplished by:

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Choosing the alternative with the highest score

Choosing the One You Like Best

Selecting the alternative that has the lowest price

Selecting the alternative that is the most reliable

Knowledge management involves encouraging the members of the organization to:

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Improve the educational level of the average employee

Develop new training programs to help new employees

Develop a corporate university

Systematically gather information and share it with others

How an organization distributes its resources across the areas in which it competes is its:

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Scope

Distinctive Competency

Resource deployment

Effective strategy



The quantitative approach has contributed directly in the areas of:

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Planning and control

Control and leading

Organizing and control

Planning and leading



The theory that a person should report to only one manager is called:

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Unity of command

Responsibility factor

Chain of command

Span of control

Which one of the following is strength of MBO?

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Overemphasis of quantitative goals

Requires training of employees

Clarify priorities and expectation

Tends to falter without strong commitment



A business school’s statement that it “strives for productive relationships with local organizations” is an example of which of the following?

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Rule

Policy

Procedure

Commitment



The Concept of Quality was given by:

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Henri Fayol

Prof. Henry Mintzberg

Frank & Lillian Gilbreth

Prof. Edward Deming

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