Economy, asked by Clementerona, 3 months ago

1) ________ is best described as a process by which several possibilities are considered and prioritized, resulting in a clear choice of one option over others. * A) Benchmarking B) Decision making C) Delegating D) Pattern recognition 2) Derek is the production head at an automobile company. He is in complete charge of deciding if his company should make or buy a particular component part. Which of the following should Derek ideally do first? * A) He should research and gather information on the available vendor options in the industry B) He should determine the objective, stating clearly and specifically what he wants the end result to be. C) He should decide the course of action he and his team should take to arrive at the ultimate decision in dealing with the issue. D) He should generate as many potential alternatives or solutions as possible to help solve his problem. 3) The research team at a pharmaceutical company had to make a decision about a particular chemical drug. As every member in the team was an expert in his or her field, the team had access to a large amount of information. With numerous inputs contributed from each expert member, it became difficult for the team to arrive at a feasible solution. Which of the following does this scenario best illustrate? * A) Cognitive dissonance B) Analysis paralysis C) Groupthink D) Causal ambiguity 4) Which of the following statements is true of the decision-making process? * A) Managing the decision-making process is optional. B) One need not monitor emotions such as frustration, irritation, and even anger in the process C) One needs to ensure inclusiveness and fairness in the process. D) Limiting the ideas by anchoring to one's initial or preferred choice is advisable 5) Motocraft Industries encounters a specific issue with the ignition systems in its manufactured cars. The management appoints Richard and his team members from the research and development department to diagnose the problem and resolve it. He and his team describes the issue and recognizes po

Answers

Answered by MRPOPEYE

Answer:

Thursday, February 11, 2021

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Multiple Choice Questions (MCQ) on Principles and Practices of Management (PPM)

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31- ______ is a process of influencing people.

(A) Motivation

(B) Leadership

(D) Controlling

32- The following is (are) the element(s) of control

(A) Authority and knowledge

(B) Guidance and direction

(D) All of the above

33- Which type of strategies do professional managers help organizations in chalking out?

(A) Corporate

(B) Multi-disciplinary

(D) None of the above

34- Limitation of control is (are)

(A) External factors

(B) Fixing of responsibility

(D) Both (A) and (B)

35- MBO was invented by ________.

(A) Peter Drucker

(B) Koontz & O ‘Donell

(D) None of the above

36- The relationship(s) for selecting the span of control would be:

(A) One to one

(B) Cross relationship

(D) All of the above

37- Management is said to be the combination of three factors, arts, science and the third is

(A) Profession

(B) Authority

(D) None of the above

38- One of the popular forecast is

(A) Technological

(B) Economic

(D) None of the above

39- Events are occurrences designed for ________ interests.

(A) Marketing

(B) Customer

(D) Company

40- Limitation(s) of business planning is (are)

(A) Time Consuming

(B) Expensive device

(D) All of the above

ANSWERS:

31-(B), 32-(D), 33-(A), 34-(D), 35-(A), 36-(D), 37-(A), 38-(C), 39-(A), 40-(D)

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