Q. In which management style does a manager make decisions unilaterally?
-
A.
Democratic
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B.
Autocratic
-
C.
Laissez-faire
-
D.
Participative
Solution
An autocratic management style involves making decisions unilaterally without input from team members.
Correct Answer:
B
— Autocratic
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Q. In which management style does the manager make decisions unilaterally?
-
A.
Democratic
-
B.
Autocratic
-
C.
Laissez-faire
-
D.
Participative
Solution
The autocratic management style involves the manager making decisions unilaterally without input from team members.
Correct Answer:
B
— Autocratic
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Q. What is the first step in the planning process?
-
A.
Setting objectives
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B.
Identifying resources
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C.
Evaluating alternatives
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D.
Implementing plans
Solution
The first step in the planning process is setting objectives, which provides direction for the planning efforts.
Correct Answer:
A
— Setting objectives
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Q. What is the primary focus of marketing?
-
A.
Product development
-
B.
Customer satisfaction
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C.
Cost reduction
-
D.
Employee training
Solution
The primary focus of marketing is customer satisfaction, ensuring that products and services meet customer needs.
Correct Answer:
B
— Customer satisfaction
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Q. What is the primary purpose of management?
-
A.
To maximize profits
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B.
To ensure employee satisfaction
-
C.
To achieve organizational goals
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D.
To minimize costs
Solution
The primary purpose of management is to achieve organizational goals through effective planning, organizing, leading, and controlling.
Correct Answer:
C
— To achieve organizational goals
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Q. What is the purpose of a mission statement?
-
A.
To outline financial goals
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B.
To define the organization's purpose
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C.
To describe the organizational structure
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D.
To set marketing strategies
Solution
The purpose of a mission statement is to define the organization's purpose and primary objectives, guiding its actions and decisions.
Correct Answer:
B
— To define the organization's purpose
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Q. Which leadership style encourages team participation in decision-making?
-
A.
Autocratic
-
B.
Transactional
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C.
Transformational
-
D.
Democratic
Solution
Democratic leadership style encourages team participation in decision-making, fostering collaboration and input.
Correct Answer:
D
— Democratic
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Q. Which management principle emphasizes the importance of specialization?
-
A.
Unity of command
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B.
Division of labor
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C.
Scalar chain
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D.
Authority and responsibility
Solution
The principle of division of labor emphasizes the importance of specialization to increase efficiency and productivity.
Correct Answer:
B
— Division of labor
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Q. Which of the following is a characteristic of a successful entrepreneur?
-
A.
Risk aversion
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B.
Inflexibility
-
C.
Innovativeness
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D.
Indecisiveness
Solution
Innovativeness is a key characteristic of successful entrepreneurs, enabling them to create new products and services.
Correct Answer:
C
— Innovativeness
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