Management Decision Making

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This is a sample practice test created by Maryland FBLA to help you study for your competitive event! It is merely to help you study, so take your time and feel free to take the test as many times as you want. Answers will be shown after you submit.

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Maryland FBLA

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The correct sequence in which a manager should accomplish the four basic management functions is:

1 puan

dependent on the prevailing circumstances

organizing, planning, leading, controlling

leading, controlling, organizing, planning

planning, organizing, leading, controlling

Seçimi temizle

Which of the following is not a disadvantage of a corporation?

1 puan

tax consequence

paperwork - annual reports and tax forms must be completed

limited liability

fees for tax preparation, incorporation, etc.

Seçimi temizle

A group discussion technique that is used to generate as many ideas as possible for solving a problem is called:

1 puan

census building

nominal technique

brain writing

brainstorming

Seçimi temizle

___ explore(s) the consequences of specific choices using computer software.

1 puan

TQM

External research

Internal research

What-If questions

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__________ is based on information gathered during formulation of the organization's

1 puan

Strategic evaluation

Strategic analysis

Strategic formulation

Strategic implementation

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Based on her observations, Maria decides to analyze the workers' overall tasks and then select and train workers for specific parts of the job so as to increase workers' productivity. Maria is applying the principles of:

1 puan

scientific management

contingency theory

organizational behavior

management science

Seçimi temizle

For most organizations, members of local community groups, the media, and consumer groups are all considered to be:

1 puan

primary stakeholders

secondary stakeholders

quasi stakeholders

tertiary stakeholders

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___ is an endorsement of a product by someone claiming to have benefited from its use.

1 puan

puffing

warranty

guarentee

testimonial

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____ resources are the most important to the success of a company.

1 puan

people

equity

technology

capital

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Efficiency means

1 puan

producing products and services quickly, at low cost

making the right decisions about what products or services to offer customers

competing effectively in the global economy

outsourcing most activities to international locations

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This level of management includes department heads and district sales managers.

1 puan

supervisory management

middle management

senior management

staffing management

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By making changes in policies or resolving conflicts in the workplace, a manager is working within his or her ____.

1 puan

information-related role

decision-making role

interpersonal role

required role

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This process spreads management decisions through the levels in an organization ____.

1 puan

decentralization

centralization

Theory X

Theory Y

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A Theory Y manager is most likely to ____.

1 puan

assume that all workers are content with their work

assume that all workers are basically lazy and cannot be trusted

make all the decisions so that the operation runs smoothly

wait for senior management’s approval before trying something new

Seçimi temizle

Management theory incorporating Japanese emphasis on collective decision making and concern for employees with American emphasis on individual responsibility is ____.

1 puan

Theory X

Theory Y

Theory Z

TQM

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General rules to follow in preparing your résumé include ____.

1 puan

adding your personal information, such as your age and race

making your résumé as long as possible to impress the hiring manager

focusing on what you have accomplished on the job or in school

excluding unpaid volunteer work that may lower any salary offer

Seçimi temizle

This law guards against false advertising.

1 puan

Sherman Act of 1890

Clayton Act of 1914

Wheeler-Lea Act of 1938

Federal Food, Drug, and Cosmetic Act of 1938

Seçimi temizle

A ____ is an agreement between two parties to carry out a transaction, such as the sale of goods from a seller to buyer.

1 puan

patent

regulation

contract

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Companies must comply with all of the following employment laws EXCEPT ____.

1 puan

Equal Employment Opportunity (EEO) laws

wage-hour laws

benefits laws

employee lay-off laws

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Under the Americans with Disabilities Act, companies ____.

1 puan

can discriminate against persons with disabilities if they feel uncomfortable

cannot fire or refuse to hire people because of certain disabilities and illnesses

must provide medical attention to all disabled employees

can discriminate in hiring disabled employees if an employee will be out sick from time-to-time

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The difference between what a business earns (revenue) and what it spends (costs) is known as

1 puan

profit

opportunity cost

equilibrium price

expected cost

Seçimi temizle

An agreement that permits one company to sell another company’s products abroad in return for a percentage of the company’s revenues is known as a(n) ____.

1 puan

export agreement

import agreement

international trade agreement

licensing agreement

Seçimi temizle

Companies can sell their products or services in foreign countries in any of the following ways EXCEPT ____.

1 puan

forming a strategic alliance

becoming a multinational corporation

working through a foreign intermediary

creating an embargo to transfer power to the host country

Seçimi temizle

The largest exporter in the world is ____.

1 puan

the United States

IBM

Japan

China

Seçimi temizle

When a leader presents group members with a problem situation and asks the group to write down their ideas rather than saying them aloud, he or she is encouraging creativity through ____.

1 puan

brainstorming

brainwriting

wish lists

multi-dimensional frameworks

Seçimi temizle

All of the following are positive aspects of group decision making EXCEPT ____.

1 puan

the group possesses a wider range of alternatives in the decision process

participation in the decision-making process increases the acceptance of the decision by group members

an individual may dominate and/or control the group

group members better understand the decision and the alternatives considered

Seçimi temizle

In the semi-autocratic management decision style, ____.

1 puan

subordinates influence the ultimate decision

subordinates may or may not be informed of the decision

subordinates discuss the situation as a group with the manager

subordinates and the manager meet as a group and come up with a solution together

Seçimi temizle

A manager will most likely use intuitive decision making when any of the following exist EXCEPT ____.

1 puan

there is no time to conduct research or to do further study on a particular situation

all of the facts cannot be gathered to make a rational decision

several possible decision options are presented

the manager feels like the decision is right regardless of what the facts say

Seçimi temizle

Communicating well verbally is important to managers because ____.

1 puan

it can set the tone within a department or company

it can motivate and persuade other people

it forces management demands to be followed without fail

it enables managers to give clear instructions

Seçimi temizle

____ strategy is a plan to reverse negative trends in a company, such as the losses in sales.

1 puan

Growth

Grand

Stability

Retrenchment

Seçimi temizle

Gönder

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