Question

QUESTION 37

1. ​Which of the following is an important question that is answered in a business plan?

   	a.	​What are the trade restraint strategies used by businesses in the external environment?
   	b.	What are the entrepreneur's goals and objectives?
   	c.	​How will the entrepreneur divest strategic business units?
   	d.	​What are the marketing strategies used by the entrepreneur's competitors?
   	e.	​What are the overhead costs of the entrepreneur's venture?

QUESTION 38

1. Scientific management focuses on

   	a.	increasing overhead costs.
   	b.	improving the performance of individual workers.
   	c.	encouraging soldiering among employees.
   	d.	analyzing the external rather than the internal environment of an organization.
   	e.	increasing employee turnover.

QUESTION 39

1. Which of the following positions would be considered a specialized management position?

   	a.	Accountant
   	b.	Public relations manager
   	c.	Marketing manager
   	d.	Hospital administrator
   	e.	Human resources manager

QUESTION 40

1. Which of the following statements is true about the decision-making process?

   	a.	It exclusively applies to problem situations.
   	b.	It requires that the nature of a particular situation be defined.
   	c.	It typically involves only one individual and seldom applies to groups.
   	d.	It seldom applies to situations that are positive.
   	e.	It results in the generation of only one alternative.

QUESTION 41

1. Emilio says, "Employees and situations are unique. Sometimes I get good results by trying one approach, sometimes I decide to do something completely different." Emilio's statement is best aligned with which of the following management views?

   	a.	Scientific management
   	b.	The classical management perspective
   	c.	The contingency perspective
   	d.	Theory X
   	e.	Administrative management

  

QUESTION 42

1. ​A _____ is privately owned by one individual or a group of individuals and has sales and assets that are not adequate enough to meaningfully influence its environment.

   	a.	​publicly held corporation
   	b.	​regulatory agency
   	c.	​non-profit organization
   	d.	​strategic business unit
   	e.	​small business

QUESTION 43

1. Venus Corp. prohibits its employees from smoking in its premises. This is an example of a(n)

   	a.	standard operating procedure.
   	b.	program.
   	c.	entropy.
   	d.	project.
   	e.	rule.

QUESTION 44

1. Which of the following is a determinate of an organization's culture?

   	a.	The extended benefits provided by an organization
   	b.	Corporate success and shared experiences
   	c.	The regulations for work performance set by an organization
   	d.	The strategic partners of an organization
   	e.	The products and services available for the functioning of an organization

QUESTION 45

1. By recognizing the _____ aspect of decision making, the administrative model better reflects subjective considerations.

   	a.	classical
   	b.	behavioral
   	c.	sequential
   	d.	groupthink
   	e.	rational

Answer 1

Answer for the first 4 questions:

Question 37: The option is (d).

Explanation:

A business plan is focussed on the capability of the idea to generate the business and what marketing strategies will be implemented to get the business at present and the future outlook of the business opportunity. A good business plan covers the market, competition and the marketing strategy of the competitors along with the plan to fight with the competition in the business plan.

Question 38: The option is (b).

Explanation:

Scientific management is focussed on improving the efficiency and productivity of the laborers at the individual level. one of the principles of scientific management is to develop each and every person to his greatest efficiency level.\

Question 39: The option is (e).

Explanation:

Human resource management is a specialized form of management, as it is differently associated with day to day operations of the business and it plays a very important role in establishing the organization and progress of the organization in the right direction. It plays an important role in managing the most important resource which is the human resources of the organization. The entire management aspect of HR is around managing thehuman resource and organizational culture.

Question 40: The option is (b).

Explanation:

One of the important steps of the decision-making process is to get acquainted with situational awareness. because the first step of the decision-making process is to realize that a decision needs to be made and this is possible only through situational analysis and awareness. Therefore, understanding the nature of the situation is very important. The situation may be a problem or an opportunity. It may be a positive or negative situation. Moreover, a decision-making process relies on finding the best one among many alternatives and their evaluation.