BBA 3602 Management MCQ'S - 25936

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Question 1

  1.  
    In the Five Forces Model, when the barriers to enter into the industry are __________, the more likely it is that industry profits will be __________.

    Answer

       
    low; high
       
    low; low
       
    high; low
       
    high; high

4 points  

Question 2

  1.  
    GE Financial Services is an example of which level of management operations for General Electric Company?

    Answer

       
    Functional
       
    Corporate
       
    Divisional
       
    Departmental
       
    Unit

4 points  

Question 3

  1.  
    When managers cannot assign probabilities of future occurrence to possible alternatives to a decision, this is known as __________.

    Answer

       
    certainty
       
    risk
       
    bounded rationality
       
    uncertainty
       
    dialectical inquiry

4 points  

Question 4

  1.  
    When an organization enters a new type of industry that is not similar in any way to the current businesses of the organization, this is known as a(n) ____________ strategy.

    Answer

       
    concentration on a single business
       
    unrelated diversification
       
    international expansion
       
    related diversification
       
    vertical integration

4 points  

Question 5

  1.  
    When a manager makes a decision based on a generalization from a very small sample of information, this is known as:

    Answer

       
    dialectical inquiry.
       
    systematic errors.
       
    devil's advocacy.
       
    representative bias.
       
    the illusion of control.

4 points  

Question 6

  1.  
    According to the administrative model of decision making, if managers cannot possibly specify all of the possible alternatives to a decision, this is the result of:

    Answer

       
    incomplete information.
       
    bounded rationality.
       
    an optimum decision.
       
    brainstorming.

4 points  

Question 7

  1.  
    The explosion of the space shuttle Challenger is an example of poor managerial decision-making wherein managers neglected the criterion of __________.

    Answer

       
    ethicalness
       
    practicality
       
    legality
       
    economic feasibility
       
    devil's advocacy

4 points  

Question 8

  1.  
    In the classical model of decision-making, the most appropriate decision given the likely future consequences to the organization is known as the ______________ decision.

    Answer

       
    intuitive
       
    creative
       
    heuristic
       
    obvious
       
    optimum

4 points  

Question 9

  1.  
    When the information available to a manager is incomplete because the manager must make a decision quickly, this is known as:

    Answer

       
    bounded rationality.
       
    devil's advocacy.
       
    dialectical inquiry.
       
    a time constraint.
       
    an information cost.

4 points  

Question 10

  1.  
    In the Five Forces Model, the type of competitive activity that exists between organizations is known as the:

    Answer

       
    potential for entry into the industry.
       
    threat of substitute products.
       
    power of customers.
       
    level of rivalry.
       
    power of suppliers.

4 points  

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