Management Total points 115/203

final exam

Name ···/2

ID. Number ···/2

1. Which management function involves setting goals and objectives *1/1

and creating specific plans for completing them?

) Planning

B) Organizing

C) Controlling

D) Leading
 2. The ability of a manager to interface and work effectively with 2/2
individuals and group is descriptive of what type of managerial skill?

A) Technical

B)Administrative

C) Interpersonal

D) Organizational

3. Which level of management is responsible for implementing 0/2

programs that are intended to carry out the broader objectives of an
organization set by executives?

A) Supervisory managers

B) Middle managers

C) First level managers

D) Chief financial managers

Correct answer

B) Middle managers
4.Which one of the following is not true about the contribution of Human 2/2
Relations Approach?

A. It is concerned with workers – the vital machine, like Robert Owen’s teaching.

B. It spotlights the importance of a manager’s style.

C. More attention is given to teaching people management skills, as opposed to

technical skills.

D. Their findings have enabled mangers to become much more sensitive and
sophisticated in dealing efficiently with subordinates.

5. A manager who possesses knowledge of the processes, equipment, 2/2

and potential

problems of an industry would possess what type of managerial skill?

A. Technical

B. Administrative

C. Interpersonal

D. Organizational

6. Plan that extended beyond 5 years is called ____________? 2/2

A. Medium term

B. Long term

C, Short term

D. Annual
 7. A general rule of truth that may be expected to apply under similar 2/2
conditions anywhere to reach or get similar outcomes is
called_____________?

A. Plan

B. Procedure

C, Principle

D. Rule

8. The managerial function that involves in defining organization 0/2

objectives, establishing an overall strategy, developing comprehensive
hierarchy of plans to integrative activities is:-

A. Organizing

B. Controlling

C, Staffing

D. Planning

Correct answer

A. Organizing
 9. The staffing phase that involves in recruiting, screening, and placing 0/2
personnel is ________.

A. Acquisition phase

B. The retaining phase

C, The terminating phase

D. All of the above

Correct answer

A. Acquisition phase

10. The systematic evaluation of the performance of an employee by an 2/2

expert or his immediate superior is called__________.

A. Auditing

B. Promotion

C, Demotion

D. Performance appraisal

11. Which statement is true about preventing computer virus infections? 2/2

A. Never use storage media from an untrustworthy source

B. Never download files from a site or person that you don’t trust

C. Never open an email attachment from a person you don’t know

D. All of the above

 12.Which of the following statement is not true about knowledge 0/2
management?

A. It focus on competitive advantage of organizations

B. It focus on innovation and advantage on the sharing of lesson learned

C. It focus on continuous improvement of the organization

D. All of the above are correct

Correct answer

D. All of the above are correct

13. The nature of the information is financial growth of the firm, social 2/2
role of the firm in different sectors. Thus, the end users for this information
are ____________.

A. Government

B. Investors

C, Employees

D. Consumers and public

14. The nature of its information is state of salaries, wages and bonus. 2/2
Thus, the end users for this information are ___________________

A. Investors

B. Employees

C, Creditors

D. Consumers and public

15. One of the following is not the essential components of 2/2

telecommunications system.

A. Terminals

B. Communication channel

C, Communication processors

D. All are essential components of a telecommunication system

 16. Which software can play an integral role in protecting systems and 0/2
data?

A. Security software

B. System software

C, Application software

D. management software

Correct answer

A. Security software

17. Which of the following is not true about the operational information 0/2
(OI)?

A. OI is needed for day-to-day operation of an organization.

B. OI is obtained from straightforward clerical processing of data.

C. OI relates to current and historical performance.

D. OI is needed to take short term decisionto run the organization efficiently

Correct answer

D. OI is needed to take short term decisionto run the organization efficiently

 18. Report to top management, oversee first managers, develop and 2/2
implement activities and allocate resources is the function of
______________.

A. First line managers

B. Middle managers

C. IT specialist

D. The secretary

19. ____________________ is a collection of elements or components that 0/2

are organized for a common purpose/objective.

A. System

B. Analysis

C, MIS

D. Group

Correct answer

A. System
20. Which one of the following is not the characteristic of an open 2/2
system?

A. It interacts with other systems through the free passing of information

B. It has many interfaces with its environment

C. It can also adapt to changing environmental conditions

D. It operates on its own with little or no influence from the outside world.

21. The movement of individual to a higher-level potion in the 2/2

organization is called

A. transfer

B. placement

C, promotion

D. demotion

22. Which of the following factor can affect performance appraisal? 2/2

A. legal constraint

B. rater bias

C, appraisal acceptance

D. all can affect the appraisal process

 23. Is a formal system of periodic review and evaluation of an individual's 2/2
job performance?

A. human resource planning

B. career planning

C, performance appraisal

D. human resource development

24. The process by which one selects career goals and the paths of these 0/2
goals is

A. Career planning

B. Human resource development

C, Career path

D. Career goal

Correct answer

A. Career planning
 25. The process of staff development begins from 0/2

A. Establish specific objectives

B. Select methods of staff development

C. Determine the training and development needs

D. Implementing the development program

Correct answer

C. Determine the training and development needs

26. The selection process takes its course from 0/2

A. Strategy plan of the organization

B. Human resource plan of the organization

C. Identified sources of recruitment, i.e., internal or external sources

D. Recruited individuals

Correct answer

D. Recruited individuals
 27. One of the following is not an internal factor of recruitment 0/2
___________.

A. working conditions

B. Salary levels

C, Image of the organization

D. Career opportunities in the organization

Correct answer

D. Career opportunities in the organization

28.The process by which an organization chooses from a list of 2/2

applicants the person or persons who best meet the selection criteria
from the position available, considering current environmental conditions
is _____________.

A. Recruitment

B. Selection

C, Job description

D. Job design Job enrichment

 29. The process of human resource planning begins from 0/2

A. Current human resource assessment

B. Organizational goals and plans

C. Forecasting human resources

D. Implementing human resource actions such as recruitment, selection etc.

Correct answer

A. Current human resource assessment

30. The document that specifies the skills, attributes, physical abilities, 2/2
qualification, education, experience and personal traits that the described
job require is called

A. Job analysis

B. Job description

C, Job specification

D. Job design
 31. The first step in conducting any research to ask one-self question is 0/2

A. Why do I conduct research?

B. When do I conduct research?

C. How do I conduct research?

D. Where do I conduct research?

Correct answer

D. Where do I conduct research?

32. Which of the following sequential arrangement is correct? 2/2

A. Problem, cause, symptom

B. Symptom, cause, problem

C, Symptom, cause, problem

D. Cause, symptom, problem

33.Which of the following is the character of data? 2/2

Objective

B. Subjective

C. Quantitative

D. All of the above

 34. Which of the following constitute the initial phase in the process of 0/2
problem-formulation?

A. Rational question

B. Specific question

C, Originating question

D. Gathering secondary information

Correct answer

C, Originating question

35. _____________ is one of the criteria for the choice of research problem 0/2
that avoids involvement of objectionable duplication.

A. Novelty

B. Amenability

C, Feasibility

D. Ethics

Correct answer

A. Novelty
 36.The research proposal may tell us one of the following 2/2

A. What the research will be done?

B. Why the research will be done?

C. Where the research will be done?

D. All of the above

37. The type of title states the subject of the research rather than the 0/2
expected out comes is known as

A. Hanging title

B .Question title

C. Indicative title

D. All of the above

Correct answer

C. Indicative title

38.__________is dedicated for presenting the base of the problem. 2/2

A. Abstract

B. Table of content

C, Back ground

D. Synopsis
 39.Which of the following is a characteristic of good Hypothesis? 2/2

A. Hypothesis must be specific

B. Hypothesis must be clear

C, Hypothesis must be testable

D. All of the above

40.Practical issue of how we formulate research project may not include 0/2
one of the following

A. Sampling

B. construct validity

C. Measurement

D . Design .

Correct answer

B. construct validity

41. A line that has a slope of 20 and Y- intercept of 40 has the following 2/2
equation:

A. Y=40X+20

B. Y=20X+40

C. Y= 2X+4

D. Y= 10X+20
42. ____________ is the difference between sales and variable cost or 2/2
marginal cost of sales.

A. Margin

B. Profit

C. Contribution

D. Total variable cost

43. From the following which one is linear equation? 2/2

A. 6X²+2Y=7

B. 6X+4Y-6=2

C. 2YX+7Y=0

D. √y+3X=6

44. __________ is the cost of producing one extra unit of output/additional 2/2
unit.

A. Contribution

B. Profit

C, variable cost

D. Margin
 45 The following are true about matrix 0/2

I. Matrix is an mxn rectangular array of numbers.

II. Each number of the mxn matrix is called an element.

III. Matrix is all about rectangular bracket with some numbers.

IV. Order is how many rows and how many column.

A. I Only

B. I and II Only

C, II, III and IV

D. I, II, IV

Correct answer

D. I, II, IV

46 What is the determinant of the following matrix? 0/2

A= [ ]

A. 0

B. -2

C. -18

D. 18
47 The objective of linear programming for an objective function is 2/2
to________?

A. maximize or minimize

B. subset or proper set modeling

C, row or column modeling

D. adjacent modeling

48. The present value of cash inflows is Birr 32000 and present value of 0/2
cash
outflows is Birr 25000 then net present value is__________?

A. 7000

B. 8000

C, 57000

D, 28000
 49. The identification of all the cash flows associated with project gives the0/2
value classified as?

A. net discounted value

B. net present value

C. net future value

D. net compounded value

Correct answer

B. net present value

50.The reciprocal of series compound amount factor is classified 0/2

as_________?

A. Series fund factor

B. Sinking fund factor

C, Annuity fund factor

D. Nominal fund factor

Correct answer

A. Series fund factor

 51.The scatter in a series of values about the average is called: 0/2

A. Central tendency

B. Dispersion

C. Skewness

D. Symmetry

Correct answer

B. Dispersion

52.The measures of dispersion can never be: 2/2

A. Positive

B. Zero

C. Negative

D. Equal to 2

53.Which of the following is an absolute measure of dispersion? 2/2

A. Coefficient of variation

B. Coefficient of dispersion

C. Standard deviation

D. Coefficient of skewness
 54.The degree of peaked ness or flatness of a uni-model distribution is 2/2
called:

A. Skewness

B. Symmetry

C. Dispersion

D. Kurtosis

55.In economics, desire backed by purchasing power is known as 2/2

A.Utility

B. Demand

C. Consumption

D. Scarcity

56.Basic assumptions of law of demand include 0/2

A. Prices of other goods should change.

B. There should be substitute for the commodity.

C. The commodity should not confer any distinction.

D. The demand for the commodity should not be continuous

Correct answer

C. The commodity should not confer any distinction.

 57.In the case of perfect elasticity, the demand curve is 0/2

A. Vertical

B. Horizontal

C. Flat

D. Steep

Correct answer

B. Horizontal

58.______________ is the base of marketing planning 0/2

A. Demand Estimation

B. Demand analysis

C. Demand function

D. Demand forecasting

Correct answer

D. Demand forecasting
59. Perfect competition is not characterized by 2/2

A. large number of buyers and sellers

B. homogeneous product

C. free entry and exit of firms

D. Heterogeneous product

60. Government basically can help new venture formation by providing: 2/2

A. Finance

B. Technology

C. Infrastructure

D. Funds

61. Which of the following factors does not affect a person for being an 2/2

entrepreneur?

A. Gender

B. Education

C. Family background

D. Personal values
 62. Which of the following is not typically regarded as a source of idea 2/2
generation?

A. Consumers

B. Government

C. Brain storming

D. Training

63. ______________ is a form of financing especially for funding high 0/2

technology, high

risk and perceived high reward projects

A. Fixed capital

B. Current capital.

C. Seed capital.

D. Venture capital

Correct answer

D. Venture capital
64.One of the following is primarily concerned with the identification of the 2/2
project

demand potential and the selection of the optimal technology.

A.Techno-economic analysis.

B. Feasibility analysis.

C. Input analysis.

D. Financial analysis

65. One of the following implies the availability or otherwise of plant and 2/2
machinery and technical know-how to produce the product.

A. Economic viability

B. Financial feasibility

C. Technical feasibility

D. Managerial competence

66. One of the following does not form Intellectual Property? 2/2

A. Trade marks

B. Patents

C. Tangible assets

D. Copyright
 67. Innovation can best be defined as ______________. 0/2

A. The successful exploitation of new ideas

B. The evolution of new ideas.

C. The opposite of creativity.

D. The generation of new ideas

Correct answer

A. The successful exploitation of new ideas

68. The type of diversification in which the company adds complementary 0/2
to theexisting product or service line is ______________.

A. Conglomerate diversification

B. Horizontal integration

C. Vertical integration

D. Concentric integration

Correct answer

C. Vertical integration
 69. John believes that men perform better in oral presentations than 0/2
women. What

shortcut has been used in this case?

A. The halo effect

B. The contrast effect

C. Projection

D. Stereotyping

Correct answer

D. Stereotyping

70. ______________ is the process of screening out information that we are 0/2

uncomfortable with or that contradict to our beliefs

A. Perceptual context

B. Selective perception

C. Halo effect

D. Stereotyping

Correct answer

B. Selective perception
 71. Believes, attitudes, traditions and expectations which are shared by 0/2
group

members is called_______________

A. Group norms

B. Group communication

C. Group cohesiveness

D. Group structure

Correct answer

A. Group norms

72. A study of human behavior in organizational settings 2/2

is_________________________

A. Individual behavior

B. Group behavior

C. Organizational behavior

D. Psychology
73. One of the following refers to the reactions of individuals to new or 2/2
threatening

factors in their work environments

A. Attitude

B. Stress

C. Dissonance

D. Disappointment

74. Which of the following is an environmental force that shapes 2/2

personality?

A. Gender

B. Height

C. Experience

D. Brain size
 75. ______________ is the ability of influencing people to strive willingly for 2/2
mutual

Objectives

A. Motivation

B. Control

C. Leadership

D. Supervision

76. Jerry is always late coming to work and the manager cut his increment. 0/2
This is an

example of.

A. positive reinforcement

B. negative reinforcement

C. Punishment

D. extinction

Correct answer

C. Punishment
77. Select the correct hierarchical order of qualities of an individual 2/2

A. Ability-Skills- Aptitude- Competency

B. Aptitude-Ability- Skills- Competency

C. Skills- Aptitude- Competency- Ability

D. Competency-Ability-Skills- Aptitude

78. ______________ is a set of values that states what an organization 2/2

stands for

A. Organization behavior

B. Organizational culture

C. Organizational spirit

D. Organizational effectiveness

79. A group of projects which have similar objectives and goals 2/2
are__________________

A. Project

B. Program

C. Business Plan

D. Portfolio
80. Which of the following is false about a project 2/2

A. It has beginning and end

B. It has specific objectives

C. It drives change

D. It is a permanent endeavor

81. Organizational leaders are unlikely to initiate projects due to one of the 2/2
following

factor

A. To attract donors

B. To meet requirements

C. To satisfy stakeholders

D. Implement changes
 82. Managing a project may not basically deals with one of the following 0/2

A. Identifying requirements

B. Addressing needs of stakeholders

C. Managing requirements towards stakeholders needs

D. Setting up communication among stakeholders

Correct answer

C. Managing requirements towards stakeholders needs

83. Project constraint that concerned with the project’s efficiency is 2/2

_____________________

A. Quality

B. Risk

C. Scope

D. Schedule

84. Which one of the following is true about the role of project manager? 2/2

A. Providing management oversight for a business unit

B. Ensuring the business operation’s efficiency

C. Leading and achieving project objectives

D. Managing the strategic issues of an organization

85. One of the following is not true about strategic planning 2/2

A. It is a long-range plannin

B. It helps assist establishing priorities

C. It is usually prepared by lower managers

D. It serves as guide for implementing programs

86. Select the order of sampling schemes from best to worst. 2/2

A. simple random, stratified, convenience

B. simple random, convenience, stratified

C. stratified, simple random, convenience

D. stratified, convenience, simple random

87. The measure of location which is the most likely to be influenced by 2/2
extreme

values in the data set is :

A. Range

B. Median

C. Mode

D. Mean
 88. Two events, A and B, are mutually exclusive and each has a non-zero 0/2
probability.

If event A is known to occur, the probability of the occurrence of event B is:

A. One

B. Any positive value

C. Zero

D. Any value between 0 to 1

Correct answer

C. Zero

89. A numerical description of the outcome of an experiment is called 0/2

a_____________

A. Descriptive statistic

B. Probability functio

C. Variance

D. Random variable

Correct answer

D. Random variable
 90. Convenience sampling is an example of 2/2

A. probabilistic sampling

B. stratified sampling

C. non-probability sampling

D. cluster sampling

91. If average variable cost is decreasing as output increases, then 0/2

marginal cost is

definitely

A. Decreasing as output increases

B. Increasing as output increases.

C. Less than average variable cost.

D. Greater than average variable cost.

Correct answer

C. Less than average variable cost.

 92. Determining how tasks are to be grouped is part of which management 2/2
function?

A. Planning

B. Leading

C. Controlling

D. organizing

93. ______________ leadership emphasize on rules and regulation in an 0/2

organization

A. Democratic

B. Autocratic

C. Laissez-faire

D. Bureaucratic

Correct answer

A. Democratic
 94. Which of the following methods is/are used to solve intergroup 2/2
conflicts

indirectly

A. Avoidance

B. Encouragement

C. Bargaining

D. Win-win

አማራጭ 5

95. A threatened strike action by a labor union to force the management to 0/2
accept

their demands is an example of which of the following power?

A. Referent power

B. legitimate power

C. Reward power

D. Coercive power

Correct answer

A. Referent power
 96. Two people see the same thing at the same time yet interpret it 0/2
differently.

Where do the factors that operate to shape their dissimilar perceptions

reside?

A. The perceivers

B. The target

C. The timing

D. The context

Correct answer

B. The target

97. A learned pre-disposition to respond in a consistently favorable or 0/2

unfavorable

manner with respect to a given object

A. Perception

B. Attitude

C. Behavior

D. personality

Correct answer

C. Behavior
 98. The economic force that cannot promote long-run profitability is 0/2

A. Few close substitutes

B. Strong entry barriers

C. Unlimited government intervention

D. Abundant Complimentary products

Correct answer

B. Strong entry barriers

99. In BCG Matrix, the position of a business which is characterized by low 2/2
industry

growth but having high market share is:_______________

A. Star

B. Cash cow

C. Problem child (Question Mark)

D. Dogs
 100. Environmental scanning cannot be carried out by one of the following 2/2
model

A. Five Force Model

B. SWOT Analysis

C. PESTLE Analysis

D. Growth Matrix

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