Principles of Management: Final Revision I MCQs

Which term describes the process by which a person exerts influence over others and inspires, motivates, and directs their activities?

What type of control is demonstrated when a law firm reviews all résumés electronically and assesses candidates through several interviews to ensure the right clerk is selected for an opening?

What should managers do once they have measured actual performance?

What term describes the movement of an organization away from its present state toward a desired future state?

What is the time horizon of a company's annual budget?

What type of control is demonstrated when a coffee shop uses an online system to engage customers and asks them to rate their experience with smiley, neutral, or sad face emojis after each transaction?

What is the term for a company's operating profit divided by its sales revenues?

What type of ratio results when the organization's net income figure is divided by the total assets figure for the organization?

What do managers measure when evaluating the degree to which they use debt or equity to finance ongoing operations?

In Management by Objectives (MBO), what do managers typically do in relation to setting goals for subordinates?

What type of control is demonstrated when a company's operating profit is divided by its sales revenues?

What type of ratio results when the organization's net income figure is divided by the total assets figure for the organization?

What is the term for a company's movement away from its present state toward a desired future state?

In Management by Objectives (MBO), what do managers typically do in relation to setting goals for subordinates?

What type of control is demonstrated when a law firm reviews all résumés electronically and assesses candidates through several interviews to ensure the right clerk is selected for an opening?

Which type of control is demonstrated when a law firm reviews all résumés electronically and assesses candidates through several interviews to ensure the right clerk is selected for an opening?

What term describes the movement of an organization away from its present state toward a desired future state?

What should managers do once they have measured actual performance?

What type of ratio results when the organization's net income figure is divided by the total assets figure for the organization?

What term describes the process by which a person exerts influence over others and inspires, motivates, and directs their activities?