Principles of Management: Final Revision I MCQs

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20 Questions

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

Leadership

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?

Feedforward

What should managers do once they have measured actual performance?

Initiate corrective action.

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

Organizational change.

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

Time horizon

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?

Feedback control

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

Profitability ratio

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

Profitability ratio

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

Leverage ratios

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

Set specific, challenging, and achievable goals together with subordinates

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

Profit control

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

Return on assets ratio

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

Strategic planning

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

Collaborating with subordinates to set goals

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?

Feedforward control

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?

Feedforward control

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

Organizational change

What should managers do once they have measured actual performance?

Initiate corrective action

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

Leverage ratios

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

Leadership

Test your understanding of management principles with this multiple-choice quiz. Covering topics such as leadership, control systems, and selection processes, this quiz will help you prepare for your management exam.

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