Question # 1

An accurate forecast is least likely to be dependant upon

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Number of variables

Predictability of variables

Work-plan

Time period

Real wages can best be expressed as

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Take home salary after all deductions

Wages divided by a cost of living of consumer price index

Gross earning minus taxes

None of the above

The statement "No smoking in the factory" is an example of

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A policy

A rule

A slogan

A goal

I can be said about social systems that they are

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Contrived

Biological

Mechanical

All of the above

The following item is not associated with the directing function?

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Utilizing staff departments

Communication

Participation

Leadership

The functions of buying, selling & exchange are generally related to the activity of

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Hawthorne

Frank Gilbreth

Elton Mayo and his associates

Henri L. Gantt

While communicating, managers are known to spend more of their time in

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Reading

Writing

Listening

Speaking

Out of three types of plans usually used in large business corporations, the following type of plane is least useful

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Formal Plane

Informal plane

Strategic plane

Short-range operational plane

Theoretically speaking managerial planning should take place

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Before doing work

During work in progress

After doing work

All of the above

Arrangement of the data in a matrix form is most basic characteristic of

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Descriptive statistics

Linear programming

Data analysis

All of the above

Words are a similar type of communication medium to that of

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MS word

Pencils

Brail

Pictures

The discipline of management is

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An art

A science

Both A and B

Neither an art nor a science

The following function is not normally listed as a major (line) function

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Production

Marketing

Accounting

Sales

Control of a departmental budget by a finance staff is an example of

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Self-control

Personal control

Centralized control

None of the above

The requirement of an Effective communication is

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A receiver and encoding

Information and a sender

Information and understanding

A sender and decoding

The conflict between worker expectations and the organizations conditions directly causes

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Unionism

Inefficiency

Job dissatisfaction

Absenteeism

A successful communication involves the occurrence of

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No change

A desired change

An undesired change

All of the above

If it takes an average of 50 hours to assemble 2 units, how many hours (average/unit) would it take to assemble 4? Assume an 80 percent learning curve.

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100

80

40

50

The person heading the organizational hierarchy is least likely to be called

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President

Managing Director

First line supervisor

Chief Executive

To ensure proper maintenance of TV by the customers, a decision to promote the sale of service contracts with TV sales was taken. This is an example of

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Imposed policy

Originated policy

Appealed policy

All of the above

The following style of leadership represents the extreme of centralized decision making authority

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Free-rein

Democratic

Authoritarian

None of the above

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