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Friday, February 24, 2012

Management Quiz - 35 (Questions for MBA Quiz)

1. Management Information System (MIS) is used for effective utilization of a major organization resource, viz., management information. Which of the following is not true about MIS?
[A]It can be defined as an integrated, user-machine system for providing information to support managerial, operational and decision-making functions in an organization
[B]Many of the terms used in MIS are imprecise and controversial
[C]It incorporates a limited variety of knowledge areas
[D]MIS problems are not easy to define or structure



2. Information that originates within the organization is internal information and is essential for day-today operations. Which of the following is an example of internal information in an organization?
[A]Information about demand of new products or services
[B]Information describing change in policies of suppliers
[C]Details of changes in government regulations
[D]Salesperson Quotas



3. Information needs vary by level of activity and also by levels in the managerial hierarchy. For which level of management would information about environmental trends be most appropriate?
[A]Top management
[B]Middle management
[C]First-line management
[D]Lower-level management



4. Direct control is the control that is exercised after the deviations from plans have occurred. Which of the following is not the underlying assumption of direct control?
[A]Performance can be measured
[B]Personal responsibility is absent
[C]The time expenditure is warranted
[D]Mistakes can be discovered in time



5. JIT (Just-In-Time) inventory control is an approach to inventory control which stipulates that materials should arrive just, as they are needed, in the production process. Which of the following would generally not be associated with a successful JIT program, for the purpose of inventory control?
[A]Well-organized receiving and handling of materials purchased from suppliers
[B]Strong management commitment
[C]Suppliers located in diverse and distant locations
[D]High quality of materials purchased from suppliers



6. Managers often have to choose the best alternative from a given set of alternatives. What is the technique that managers use for selecting an optimum combination of factors from a series of interrelated alternatives?
[A]Economic order quantity
[B]Linear programming
[C]JIT system
[D]Kanban



7. Productivity is one of the major concerns of managers as it helps organizations survive in a competitive environment. Productivity includes the overall output of goods and services that is __________ by the inputs.
[A]Divided
[B]Multiplied
[C]Subtracted
[D]Added



8. A TQM programme is not characterized by
[A]A continual process
[B]Efforts by all organization members
[C]A focus on only a few critical work activities
[D]A focus on the production process



9. Financial ratios are particularly important to managerial control in an organization. One such financial ratio, viz., return on investment, is a ratio that attempts to measure a firm's
[A]Leverage
[B]Profitability
[C]Liquidity
[D]Reliability



10. Control systems used in organizations can be of different kinds, depending upon the specific requirements of the organization. Which of the following statements is true with regard to noncybernetic control system?
[A]It is a self-regulating control system
[B]It can automatically monitor the situation and take action
[C]It is a sophisticated control system and is not easy to understand
[D]It relies on human discretion



11. Debts are an important source of finance for a business. Which of the following ratios indicates the company’s ability to pay long-term debts?
[A]Asset Management
[B]Leverage
[C]Liquidity
[D]Profitability



12. Control is an essential part of every organization. The management process is incomplete and sometimes useless without the control function. Control function plays an important role of assisting managers in
I. Coping with uncertainty.
II. Detecting irregularities in the organization activities.
III. Centralising authority.
IV. Avoiding complex situations.
[A]Both (I) and (II) above
[B]Both (I) and (III) above
[C]Both (II) and (III) above
[D]Both (III) and (IV) above



13. Management by walking around (MBWA) may be used as a control technique by managers to monitor the performance of their employees while they are performing their tasks. MBWA is based primarily on which of the following sources of information?
[A]Statistical information
[B]Oral reports
[C]Written reports
[D]Personal observation



14. General Manager (Marketing) of Sumit Ltd., who monitors fortnightly achievements of each manager and gives instructions for better results in marketing, is acting in terms of which function?
[A]Planning
[B]Auditing
[C]Controlling
[D]Leading



15. For becoming a successful interpersonal communicator for efficient and effective management, a manager must be able to grasp all of the following except
[A]How interpersonal communication works
[B]The importance of verbal versus non-verbal interpersonal communication
[C]How to get the most out of the grapevine
[D]The relationship between feedback and interpersonal communication



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