Principles of Management (mgt503)

Quiz 02
For Special Semester, 2006
Solution of quiz

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Choose the most appropriate option.

Marks 10
Each question carries equal mark.
(1) The strategic management process is an/a _______________process.
a) Eight step
b) Eleven step
c) Twelve step
d) None of above
(2) MBO was first described by ______________.

a) Abraham Maslow
b) Peter Drucker
c) Fredrick W. Taylor
d) Adam Smith
(3) Corporate-level strategy is developed by ____________and the board of
directors.
a) Top level manager
b) Middle level manager
c) Lower level manager
d) Non-manager

(4) An ________________is the purchase of all or part of one organization by

another.
a) merger
b) Concentration
c) Acquisition
d) Joint venture
(5) A _____________is a mean whereby an organization that is unable to pay
its debts can seek court protection from creditors and from certain contract
obligations while it attempts to regain financial stability.
a) Bankruptcy
b) Divestiture
c) Harvest
d) Liquidation
6) The planning process can be used to promote ________in organizations.
a) Technology
b) Relation
c) Innovation

Principles of Management (mgt503)

Quiz 02
For Special Semester, 2006
Solution of quiz
d) None of above
(7) Tactical goals and plans typically involve time periods of ________years.
a) 1 to 3
b) 3 to 5
c) 5 to 7
d) 7 to 10

(8) A __________involves attempting to develop products and services that is

viewed as unique in the industry.
a) Differentiation strategy
b) Focus strategy
c) Cost leadership strategy
d) Portfolio strategy
(9) ___________is the obligation or expectation to perform and carry out
duties and achieve goals related to a position.
a) Accountability
b) Authority
c) Responsibility
d) Liability
(10) ___________is a form of departmentalization that adopts parts of both
functional and divisional structures at the same level of management.
a) Hybrid structure
b) Divisional structure
c) Functional structure
d) Matrix structure