Management Fundamentals Quiz - EMA1011
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Questions and Answers

Which of the following is NOT a type of resource used by organizations?

  • Financial resources
  • Intellectual resources (correct)
  • Human resources
  • Physical resources

    • The VUCA acronym stands for Volatile, Uncertain, Complex, and Ambiguous.

    True (A)

    What are the four managerial functions?

    Planning, organizing, leading, controlling.

    An example of __________ resources is the capital used by an organization to finance ongoing operations.

    <p>financial</p> Signup and view all the answers

    Match the types of resources with their examples:

    <p>Human resources = Managerial talent and labor Financial resources = Capital used for operations Physical resources = Office facilities and equipment Information resources = Usable data for decisions</p> Signup and view all the answers

    Which of the following best describes the role of managers?

    <p>To combine and coordinate various resources. (D)</p> Signup and view all the answers

    There is a universal definition of management that everyone agrees on.

    <p>False (B)</p> Signup and view all the answers

    What is the main focus of the Old Economy as opposed to the New Economy?

    <p>Value of organization (B)</p> Signup and view all the answers

    Private universities are generally more affected by economic conditions than state universities.

    <p>False (B)</p> Signup and view all the answers

    What are two parts that make up the external environment of an organization?

    <p>General environment and specific environment</p> Signup and view all the answers

    In the New Economy, customers buy __________ not products.

    <p>activities</p> Signup and view all the answers

    Match the external environment categories with their descriptions:

    <p>Economic = Overall health and vitality of the economic system Technological = Methods for converting resources into products and services</p> Signup and view all the answers

    What is one of the primary responsibilities of public services authorities?

    <p>Providing high quality services to citizens (A)</p> Signup and view all the answers

    The recession of 2008-2010 led to an increase in workforce size in firms.

    <p>False (B)</p> Signup and view all the answers

    What major act emphasizes the importance of providing equal opportunities to disabled individuals?

    <p>Americans with Disabilities Act</p> Signup and view all the answers

    _____ are increasingly common in executive positions within the US workforce.

    <p>Hispanics and African Americans</p> Signup and view all the answers

    Match the demographic factors with their descriptions:

    <p>Age = Increasing number of retirees and older workers Gender = The rise of women in occupations historically dominated by men Ethnicity = Growth in Hispanic and African American representation Disabilities = Importance of equal opportunities for disabled individuals</p> Signup and view all the answers

    Which of the following statements is true regarding workforce diversity?

    <p>Diversity includes varied factors such as age, gender, and ethnicity. (A)</p> Signup and view all the answers

    Economic expansion leads to firms hiring fewer employees.

    <p>False (B)</p> Signup and view all the answers

    What is a characteristic of the workforce changes between 2002 and 2011?

    <p>Workforce reductions and expansions due to economic changes.</p> Signup and view all the answers

    The phenomenon in the workplace characterized by volatility, uncertainty, complexity, and ambiguity is known as _____.

    <p>VUCA</p> Signup and view all the answers

    Which of the following best describes the role of first-line managers?

    <p>Directly responsible for the production of goods and services (B)</p> Signup and view all the answers

    First-line managers spend the majority of their time with high management.

    <p>False (B)</p> Signup and view all the answers

    Name two functional areas of expertise that managers may specialize in.

    <p>Marketing and Finance</p> Signup and view all the answers

    The key focus of marketing includes the 4 Ps: product, price, place, and _______.

    <p>promotion</p> Signup and view all the answers

    Match the functional areas with their primary responsibilities:

    <p>Marketing = Promote and sell products Finance = Manage financial health of the organization First-line Managers = Directly responsible for production Functional Managers = Specialize in specific areas according to task</p> Signup and view all the answers

    What is one key responsibility of the finance functional area?

    <p>Monitor cash flow and manage expenses (C)</p> Signup and view all the answers

    In larger organizations, managers at different levels are responsible for the same tasks.

    <p>False (B)</p> Signup and view all the answers

    What term is used to describe a manager who performs multiple roles in a smaller company?

    <p>Jack of all trades</p> Signup and view all the answers

    First-line managers have strong ______ expertise.

    <p>technical</p> Signup and view all the answers

    Match the following job titles to their descriptions:

    <p>Sales Managers = Responsible for selling and promoting products Section Heads = Oversee specific areas of production Supervisors = Directly manage daily work and staff Founders = Manage all aspects of a small business</p> Signup and view all the answers

    Which function is NOT typically associated with Human Resources?

    <p>Controlling inventory levels (D)</p> Signup and view all the answers

    Operations are solely responsible for budgeting within an organization.

    <p>False (B)</p> Signup and view all the answers

    Name one key responsibility of the IT department in an organization.

    <p>Developing information systems.</p> Signup and view all the answers

    Human Resources is responsible for overseeing relations with ______.

    <p>unions</p> Signup and view all the answers

    Match the following management dimensions with their descriptions:

    <p>Communication Competency = Effective transfer of information Education = Educational qualifications Experience = Variety of job assignments Operations = Manufacturing products and providing services</p> Signup and view all the answers

    What is the primary focus of the Operations dimension of management?

    <p>Creating and managing systems for products and services (B)</p> Signup and view all the answers

    Effective communication is a critical competency for managers.

    <p>True (A)</p> Signup and view all the answers

    What is one method used by Human Resources to ensure employee engagement?

    <p>Reward and motivation system.</p> Signup and view all the answers

    The ability to do something successfully or efficiently is known as ______.

    <p>competency</p> Signup and view all the answers

    Which of the following best describes the responsibility of the Operations management?

    <p>Maintaining equipment (B)</p> Signup and view all the answers

    Study Notes

    Introduction to Management and Applied Fundamentals

    • This course is EMA1011, Introduction to Management and Applied Fundamentals, for first-year B.Com students.
    • Course materials are provided by ASCS.

    Disclaimer

    • ASCS does not endorse the accuracy of past papers.
    • Past papers are supplementary study materials, not replacements for lecture notes.
    • Past papers may be outdated due to syllabus changes over time.
    • Sharing these materials with third parties is prohibited.
    • Students should always cross-reference with course notes, syllabi, and lecturer materials.

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    EMA1011 Introduction to Management and Applied Fundamentals Notes PDF

    Description

    Test your knowledge with this quiz based on the EMA1011 course, Introduction to Management and Applied Fundamentals. Tailored for first-year B.Com students, this quiz covers essential management concepts and principles. Use it as a supplementary resource alongside your lecture notes and materials.

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