________ is a type of evaluation that helps entrepreneurs understand whether an idea is
practical.
A) Illusion of control
B) Entrepreneurial risk management
C) Strategic planning
D) Feasibility analysis
E) Entrepreneurial alertness
Alternatives to reach an organizational objective are based on assumptions which are
called ________.
A) objectives
B) missions
C) goals
D) premises
E) priorities
________ is the set of characteristics of a given group of people and their environment
and includes components like norms, values, habits, education and religion.
A) Culture
B) Politics
C) Laws
D) Morals
E) Ethics
________ consists primarily of the work of Frederick W.Taylor, Frank and Lillian
Gilbreth, and Henry L. Gantt.
A) Higher-level management analysis
B) The behavioral approach
C) Lower-level management analysis
D) Management science
E) Comprehensive management
Which of the following plans focuses on organizational situations that occur
repeatedly?
A) programmed plan
B) budgetary plan
C) standing plan
D) single-use plan
E) intermediate plan
Incorporating motivators into a job situation is ________.
A) job rotation
B) job enlargement
C) job enrichment
D) total quality management
E) project management
John wants to start his own pet shop and has put out an ad for the post of shop assistant.
He hired the first candidate he interviewed without reviewing the remaining
applications because the first one fit the given criteria. What is this an example of?
A) confirmation bias
B) risk
C) bias
D) satisficing
E) heuristics
Mark is an intern with Preston and Southend, a law firm. He finds that the senior
employees are highly involved in the training and acquaintance of younger staff within
the organization. The firm also displays a high degree of commitment towards
employees and resembles a close-knit family, with emphasis placed on teamwork and
shared values. What type of organization is prevalent in Preston and Southend?
A) clan culture
B) adhocracy culture
C) hierarchy culture
D) market culture
E) bureaucracy culture
________ is a control technique that allows only significant deviations between planned
and actual performance to be brought to a manager’s attention.
A) Management by exception
B) Disaster management
C) Contingency planning
D) Process control
E) Management by objectives
Which of the following is a characteristic of domestic management?
A) widely disparate economic conditions
B) national markets varying greatly in population and area
C) different national sovereignties
D) markets at different stages of the industrial revolution
E) people living in similar value systems
In a learning organization, every organization member should understand his or her
own job and how the jobs fit together to provide final products to the customer. This is
known as ________.
A) personal mastery
B) team learning
C) challenging of mental models
D) shared vision
E) systems thinking
Which of the following is one of the demographic facts established in the Hudson
Institute report?
A) fewer women will enter the workforce
B) the average age of the workforce will decrease
C) the population and workforce will grow more rapidly than at any time since the
1930s
D) the pool of young workers entering the workforce will shrink
E) minorities will make up a smaller share of new entrants into the labor force
________ occurs when firms develop new culture, processes, or structures to support
new product innovations in current markets as well as with existing products in new
markets.
A) Domain definition
B) Organized rejuvenation
C) Strategic renewal
D) Sustained regeneration
E) Project hosting
Keith is the leader of a project team designated to design new products for a firm. He
conducts group meetings and discussions regularly so that all team members are aware
of the work progress. Keith ensures that all members participate in the meetings and
that all the key decisions regarding product design are made by the team. Keith’s style
of leadership can be classified as ________ as per the VYJ model.
A) GII
B) CI
C) AI
D) CII
E) AII
According to Drucker, which of the following key areas for organizational objectives is
more personal and subjective in nature, and hence likely to arouse managerial
opposition?
A) productivity
B) innovation
C) worker performance and attitude
D) physical and financial resources
E) market standing
A(n) ________ details the characteristics of the individual who should be hired for a
particular job.
A) job description
B) workforce profile
C) curriculum vitae
D) job specification
E) performance appraisal
In which of the following methods of sales forecasting, do the forecasters compute
average sales levels for x historical time periods and are also in a position to choose the
number of time periods that best fit their situations?
A) the moving average method
B) the regression method
C) the product stages method
D) the salesforce estimation method
E) the Delphi method
Which of the following is the best example of a shop-floor control activity?
A) designing jobs
B) storing inventory
C) scheduling work
D) purchasing materials
E) controlling inventory