Posted on May 29, 20242nd Round Management Model exam,2016 699 123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100 2nd Round Management Model exam,2016 Time allowed :2 1/2 hrs. Exam Weight : 100% Value of each question is 1 point Exam Type: Multiple choice Switch off your Mobile phone Any form of misconduct will invalidate your result Name of StudentID NumberModality (egular, Extention or Weekend)Phone Number 1 / 100 1. 39. Which leadership style emphasizes nurturing and empowering employees to achieve their full potential? A. A. Transactional leadership B. B. Laissez-faire leadership C. C. Servant leadership D. D. Autocratic leadership 2 / 100 2. 82. Which of the following is TRUE about business strategies? A. A. All firms within an industry will adopt the same strategy. B. B. Well defined missions make strategic development much easier. C. C. Strategies are formulated independently of SWOT analysis. D. D. An organization should stick with its strategy for the life of the business. 3 / 100 3. 77. Which of the following statements about the project payback period is least accurate A. A. The payback period provides a rough measure of projects liquidity B. B. The payback method considers all cash flows throughout the entire life of a project C. C. The cumulative net cash flow is the total cash flows through life of projects D. D. The payback period is the number of years it takes to recover the original cost of the investment. 4 / 100 4. 70. Which of the following is/are the characteristics of business mission statement? A. A. Should be achievable B. B. Should be ambiguous C. C. It should be static D. D. None of the above 5 / 100 5. 4.__________ involves evaluating the candidates and choosing the one whose credential match job requirement. A. A. Induction and orientation B. B. Recruitment C. C. Selection D. D. Human resource planning 6 / 100 6. 7. What type of controlling is related with screening job applicants and using several effective interviews, managers can minimize the chance of hiring people who lack necessary skills or experience to perform effectively? A. A. Concurrent control B. B. Feedback control C. C. Feed forward control D. D. All of the above 7 / 100 7. 16. which one is odd from the given factors for firms marketing abroad _________________ A. A. Currency restriction of a country B. B. Transportation required C. C. International demand management policy D. D. Taxation 8 / 100 8. 6. All of the following are importance of planning except, A. A. Planning provides direction for an organization by specifying objectives B. B. Planning provides criteria for decision making C. C. Planning increase the risk and uncertain of the future D. D. Planning provides basis for control 9 / 100 9. 69. Which of the following is/are NOT the benefits of strategy? A. A. Strategy helps an organization to take decisions on short range forecasts. B. B. Corporate strategy motivates employees C. C. Strategy provides focus in terms organizational objectives D. D. It proved a cooperative, integrated, and enthusiastic approach 10 / 100 10. 40. What is the term for a planned process for managing resistance to change in an organization? A. A. Change readiness B. B. Change adoption C. C. Change management D. D. Change mitigation 11 / 100 11. 58. If we reject the null hypothesis which is true, we commit A. A. a Type I error B. B. Type II error C. C. a correct decision D. D. none 12 / 100 12. 33. _______________ is “a small number of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable. A. A. Group B. B. Sprit C. C. Team D. D. Collection 13 / 100 13. 53. If the probability that a product will be well designed is 0.80 and the probability that it will be well designed and change preference of customer is 0.6, what is the probability that it will change customer preference given that well designed? A. A. 0.8 B. B. 0.6 C. C. 0.33 D. D. 0.75 14 / 100 14. 28. An approach to disciplinary action designed to motivate an employee to correct his or her misconduct voluntarily is ______________. A. A. Positive discipline. B. B. Written warning. C. C. Progressive discipline. D. D. Oral reprimand. 15 / 100 15. 41. Which of the following is NOT a characteristic of transformational leadership? A. A. Charisma B. B. Transactional exchanges C. C. Inspirational motivation D. D. Intellectual stimulation 16 / 100 16. 88. ……is the degree to which the design specifications for a product or service are appropriate to its function and use, and the degree to which a product or service conforms to its design specifications A. A. Quantity B. B. Quality C. C. Price D. D. Cost 17 / 100 17. 31. The theory which states there is no one best way of managing or managerial technique universally applicable in all situations; rather, it depends upon a given set of circumstances is A. A. The theory of bureaucracy B. B. Behavioral Management theory C. C. The scientific Management theory D. D. The contingency management theory 18 / 100 18. 85. The layout in which all the equipment’s performing similar tasks are grouped together is called……? A. A. Product layout B. B. Process layout C. C. Combination layout D. D. fixed position layout 19 / 100 19. 92. The long-run objective of financial management is to _____________. A. A. Maximize earnings per share B. B. Maximize the value of the firm’s common stock C. C. Maximize return on investment D. D. Maximize market share 20 / 100 20. 44. Which of the following is TRUE about applied research? A. A.It concerned with generalizations and with the formulation of a theory. B. B. It aims at finding a solution for an immediate problem facing the society. C. C. It is concerned with gathering knowledge for knowledge’s sake. D. D. It aims to solve perplexing questions of a theoretical nature that have little direct impact on action, performance, or policy decisions. 21 / 100 21. 61. Currently, SAFARICOM Ethiopia, a telecom operator in Ethiopia, has been highly engaged in providing incentives, such as discounts and prizes for its customers to initiate the interests of customers to use their services. The promotion strategy adopted by a company is: A. A. Advertising B. B. Sales promotion C. C. Personal selling D. D. Public relation 22 / 100 22. 98. The solution to transportation problem with m-sources and n-destinations is feasible if the number of allocations is- A. A. m+n B. B. mn C. C. m-n D. D. m+n-1 23 / 100 23. 14. ………..is the stage of new product development the product and marketing program are tested in more realistic market setting A. A. commercialization B. B. Concept development C. C. Test marketing D. D. Business analysis 24 / 100 24. 97. Which of the following cannot be the aim of transportation problem? A. A. to efficiently assign resources to activities B. B. to identify the optimal shipping routes. C. C. to determine the total transportation cost. D. D. to identify the maximum amount that can be shipped over the optimum route 25 / 100 25. 83. ……refers to the process of creating new products or modifying the existing ones within a predetermined time frame and cost price A. A. Product design B. B. Product development C. C. Market development D. D. Diversification 26 / 100 26. 93. If acceptance of one project do not disqualifies the acceptance of the other project, such type of project is: A. A. Mutually exclusive project B. B. Replacement project C. C. Expansion project D. D. Independent project 27 / 100 27. 74. Which one of the following statements is related with the company’s market position, competitive pressures, strengths and capabilities? A. A. How will we get there B. B. Where do we want to go C. C. Where are we now D. D. None of the above 28 / 100 28. 34. All are the Features of Motivations except one A. A. Motivation is a psychological phenomenon. B. B. Motivation is a stable process. C. C. Motivation is the result of the person’s thoughts and expectations. D. D. Motivational needs are ordered 29 / 100 29. 13. Which of the following is false about organizational buying behavior? A. A. Large buyer with large volume of purchase B. B. They are geographically concentrated C. C. drive demand D. D. professional purchasing 30 / 100 30. 25. All are benefits of performance appraisal for the appraise Except, A. A. It gives an opportunity to focus more on targets. B. B. Increase in motivation and morale of an employee. C. C. It gives an opportunity to know their strength and weaknesses. D. D. It gives an idea about areas of their improvement. 31 / 100 31. 48. Mr. Chala, who is conducting research on “consumers buying behavior,” collects data using questionnaire from the same sample three times. What is the type of survey employed by Mr. Chala? A. A. Trend survey B. B. Panel survey C. C. Cohort survey D. D. Cross-sectional survey 32 / 100 32. 94. Which of the following is/are NOT the feature of operations research? A. A. It takes organization wide perspective. B. B. It employs the scientific method. C. C. It is an interdisciplinary team approach. D. D. It is a task in which only research department is responsible. 33 / 100 33. 86. Which of the following is not an objective of MRP? A. A. Reduction in inventory cost B. B. Meeting delivery schedule C. C. Improve the performance of production D. D. To decrease production efficiency 34 / 100 34. 67. Assume that a group of individuals with common political interest leverages of an organization’s computers and information via the Internet, and caused physical, real-world harm or severe disruption of the computers and information infrastructure. What does this act represent? A. A. Cyber terrorism B. B. Cyber-Warfare C. C. Cyber-theft D. D. Software Piracy 35 / 100 35. 50. Which of the following statement regarding quantitative and qualitative data is FALSE? A. A. Quantitative data is necessary if one requires a high degree of precision. B. B. Quantitative data is necessary if one wants to perform statistical analysis. C. C. Quantitative data is collected based on statistically designed survey procedures. D. D. Qualitative data is necessary if one wants to perform statistical analysis. 36 / 100 36. 95. Berhan Furniture creates tables and chairs. Each table requires 2 hours of carpentry and 3 hours of painting, while each chair needs 1 hour of carpentry and 2 hours of painting. There are only 12 hours of carpentry and 15 hours of painting available per week. Each unit of table yields a profit of Birr 40 and chair yields a profit of Birr 20 per unit. What will be the objective of the company? A. A. Zmax: 12X1 + 15X2 B. B. Zmax: 40X1 + 20X2 C. C. Zmin: 20X1 + 40X2 D. D. Zmax: 15X1 + 12X2 37 / 100 37. 19. An arrangement to pay for import of goods and services with something other than cash is known as _________ A. A. Countertrade B. B. Dumping C. C. Drop shipping D. D. Reversal buying 38 / 100 38. 32. One cannot define Personality A. A. Personality is defined as the sum total of ways in which an individual reacts to and interacts with others. B. B. Personality encompasses the relatively stable feelings, thoughts, and behavioral patterns a person has. C. C. Personality is a flexible set of characteristics and tendencies that determine commonalities and differences in people’s behavior. D. D. Personality is an individual’s consistent patterns of feeling, thinking, and behaving 39 / 100 39. 47. Mr. Abebe is a laboratory technician at Salale University. While conducting research, he manipulates variables to study the effect on another variable. What type of research is being conducted by Mr. Abebe? A. A. Experimental research B. B Explanatory research C. C. Exploratory research D. D. Descriptive research 40 / 100 40. 8. According to human relations school management is A. A. A social process B. B. A perpetual choice making activity C. C. Involves designing organizations adaptable to changing markets D. D. All of the above 41 / 100 41. 59. Which of the following form of business has limited liability? A. A. Partnership B. B. Proprietorship C. C. Corporation D. D. General partnership 42 / 100 42. 17. Different strategies are suitable for different companies depending on their particular situation. This is articulated by the “EPRG Framework”. What are the four options of the EPRG Framework? A. A. Ethical, Political, Regional or Geographical orientation B. B. Ethnographic, Polygraphic, Regiographic or Geographic orientation C. C. . Ethnocentrism, Polycentrism, Regiocentrism, Geocentrism D. D. Ethical, Political, Regional or Geometrical orientation 43 / 100 43. 80. Which of the following is FALSE regarding to financial and economic analysis of the project? A. A. In both a financial and economic analysis, the cash flow is the discounted to determine the project’s net present value B. B. In economic analysis, taxes and subsidies are treated as transfer payments and in financial analysis, taxes and subsidies are treated as costs and other returns respectively. C. C. In economic analysis, market prices are used; in financial analysis, shadow prices are used. D. D. Both involve the estimation of a project’s costs and benefits over the life of the project for inclusion in the project’s cash flow. 44 / 100 44. 96. ABC Company produces two types of products: bag and shoes. Each unit of bag requires 4 units of raw material A, 2 units of raw material B, and 3 units of raw material C. Each unit of shoes requires 10 units of raw material A, one unit of raw material B, and 3 units of raw material C. The inventory count indicates that 100, 22, and 39 units of raw material A, B, and C are available, respectively. Each unit of bag yields a profit of Birr 60 and each unit (pair) of shoes yields a profit of Birr 50. How many units of bag and shoes should be produced, respectively? A. A. 5 and 8 B. B. 10 and 12 C. C. 9 and 4 D. D. 8 and 4 45 / 100 45. 52. Suppose Oromia cooperative bank wants to estimate the average income of its employees per month. Accordingly it takes 5 sample employees and the salary of each employees are 6750, 9940, 8754, 12,560 and 10,376 birr per month. What is the average salary of the bank per month? A. A. 9,940 birr B. B. 9,676 birr C. C. 3,456 birr D. D. 12,560 birr 46 / 100 46. 3.__________ is a leadership style in which the decision making activity is made solely by the manager. A. A. Democratic B. B. Participative C. C. Free- rein D. D. Autocratic 47 / 100 47. 22. ___ is merely a temporary business investment involving renting or leasing an Opportunity, not the purchase of a business for the purpose of ownership A. A. Franchisor B. B. Franchise C. C. Joint Venture D. D. Agent 48 / 100 48. 36. ____________is solely power as a result of his or her position in the organization reward, coercive, and legitimate power A. A. Positional Power B. B. Coercive power C. C. Expert power D. D. Referent power 49 / 100 49. 60. In which product life cycle does peoples become unaware of the product or service, sales may rise very slow, and promotional costs will probably be high? A. A. Introduction stage B. B. Growth stage C. C. Maturity stage D. D. Decline stage 50 / 100 50. 2.Among the following alternatives which one is not the activity performed in organizing function of management? A. A. Determining the work/activities those need to be accomplished B. B. Classifying the work and group them into manageable work units C. C. Motivating the employees to do the work D. D. Assigning the work to the employees and delegating the authorities 51 / 100 51. 21. “International marketing is a global procedure of planning and executing conception, pricing, promotion” The definition fails to recognize A. A. Non-Profit marketing B. B. Business-To –business marketing C. C. Consumer marketing D. D. Integration of the 4 Ps 52 / 100 52. 68. Which one of the following is CORRECT? A. A. Information system is a set of interrelated components, with a clearly defined boundary, working together to achieve a common set of objectives. B. B. System is an organized combination of people, hardware, software, communications networks, data resources, and policies and procedures. C. C. Datum is raw fact or observation and an objective measurement of the attributes of entities which are subjected to a value-adding process. D. D. Data are information that has been converted into a meaningful and useful context, on objective measurements, for specific end users. 53 / 100 53. 12. .It is arranging for the product to occupy a clear, distinctive and desirable place relative to competing product in the mind of target customer? A. A. Market segmentation B. B. Market positioning C. C. Target marketing D. D. Segmenting consumer market 54 / 100 54. 18. One of the early problems faced by Toyota when it attempted to market its line of automobiles in the Japan was a severe shortage of spare parts. If Toyota’s management makes the decision to correct this problem, in which of the following components of the product component model would management need to make improvement? A. A. First stage component B. B. core component C. C. Functional component D. D. Support service component 55 / 100 55. 54. On the average, 2 customers will be served in every ten minutes in Commercial bank of Ethiopia. What is the probability that during a given 10 minutes at least one customer will be served? A. A. 0.8646 B. B. 0.1363 C. C. 0.4523 D. D. 0.652 56 / 100 56. 30. One is not the major characteristics of Organization behavior: A. A. Interdisciplinary. B. B. Behavioral Science Foundation. C. C. Unscientific Method Foundation. D. D. Contingency Orientation. 57 / 100 57. 65. Which of the followings is correctly ordered regarding the knowledge management systems? A. A. Knowledge storage – Knowledge acquisition – Knowledge dissemination – Knowledge application B. B. Knowledge acquisition – Knowledge dissemination – Knowledge storage- Knowledge application C. C. Knowledge acquisition– Knowledge storage – Knowledge dissemination– Knowledge application D. D. Knowledge storage — Knowledge acquisition — Knowledge application– Knowledge dissemination 58 / 100 58. 76. The component of project feasibility study that determines whether the prerequisites for the successful commissioning of the project have been considered is A. A. Market analysis B. B. Economic analysis C. C. Technical analysis D. D. Environmental Impact analysis 59 / 100 59. 87. Which of the following does not affect the choice of plant location decision? A. A. Proximity to markets B. B. Supply of materials C. C. proximity to government D. D. proximity to row material 60 / 100 60. 11. Among the give alternative one is not the importance of promotion A. A. creating awareness for new products B. B. keeping existing products popular C. C. locating where products can be purchased D. D. repositioning the images or uses of faltering products 61 / 100 61. 63. Cooperative Bank of Oromia, previously operating only in Ethiopia, enters Kenyan market with its current banking services. A business growth strategy used by the bank is- A. A. Product development B. B. Diversification C. C. Market development D. D. Market penetration 62 / 100 62. 99. A decision tree is preferable to a decision table when- A. A. A number of sequential decisions are to be made. B. B. Probabilities are available. C. C. The maximax criterion is used. D. D. The objective is to maximize regret 63 / 100 63. 27. _______________ is a performance rating error existing when some raters have a tendency to be generous in their rating by assigning higher rates constantly. A. A. Halo effect. B. B. Forced distribution. C. C. Leniency error D. D. Personal prejudice. 64 / 100 64. 81. Which one of the following statement is incorrect about the importance of studying operations management? A. A. Operation management activities are at the core for selected business organizations B. B. It has been recognized as an important factor in a country‘s wellbeing. C. C. A large number of all jobs are in operations management D. D. We study operations management because we want to know how goods and services are produced. 65 / 100 65. 78. The initial cash outlay of a project is Birr 50,000 and it generates cash inflows of Birr 20,000, Birr 15,000, Birr 25,000 and Birr 10,000 in first four years and assume 10% rate of discount. Using present value index method the net present value is, A. A. 7100 B. B. 5120 C. C. -4100 D. D. 6193 66 / 100 66. 66. Which of the followings is an Operations Support Systems? A. A. Enterprise collaboration systems B. B. Management information systems C. C. Decision support systems D. D. Executive information systems 67 / 100 67. 72. Which of the following is associated with the type of leadership in the organization and the overall style of management of operations? A. A. Staff B. B. Structure C. C Style D. D. Skills 68 / 100 68. 9. Channel decisions must be considered carefully for the following reasons, except? A. A. it is very expensive and time consuming to set up and maintain a distribution channel B. B. The channel must provide a competitive edge over rivals. C. C. the selection of channel or channel design will constrain or facilitate the choice and Implementation of other marketing tact D. D. none of the above 69 / 100 69. 35. The type of conflict that occurs when two or more organizational members disagree on their task or content issues A. A. Affective Conflict B. B. Substantive Conflict C. C. Conflict of Interest D. D. Conflict of Value 70 / 100 70. 57. Which one of the following used to test the independence of two variables? A. A. T-test B. B. Chi-square C. C. Normal distribution D. D. F-test 71 / 100 71. 1. From the following alternatives, which one is not correct? A. A. Programmed decisions are routine in nature B. B. Programmed decisions are automatic process C. C. Programmed decisions are made in unusual situations D. D. In case of programmed decision making, there are guidelines that need to be followed 72 / 100 72. 79. Which one of the following is NOT a reason for conducting feasibility study? A. A, It provides a thorough examination of all issues B. B. It decreases investment in the company C. C. It provides quality information for decision making D. D. It helps in getting funding from lending institutions 73 / 100 73. 26. Which of the following is a NOT area at which compensation package is important in the workplace? A. A. Recruitment. B. B. Retention. C. C. Motivation. D. D. Selection. 74 / 100 74. 10. ______ is a method that the price of a product is decided based on the perception of consumers rather than sellers cost as the key factor A. A. Value based pricing B. B. Competition based pricing C. C. Cost –plus pricing D. D. target profit pricing 75 / 100 75. 15. Which one is not reason of international marketing A. A. Global firms offering better products or lower prices might attack the company’s domestic market. B. B. The company might discover that some foreign markets present higher profit opportunities than the domestic market C. C. Differences in factor endowment- international trade owe it origin to the varying resources of different regions. D. D. The company might want to boost its dependence on any one market so as to reduce the risk 76 / 100 76. 89. The term _________________ refers to the period in which the project will generate the necessary cash flow to recover the initial investment. A. A. Internal return B. B. Payback period C. C. Discounting return D. D. Accounting return 77 / 100 77. 75. All of the following are among the common features of project except A. A. Is temporary endeavor B. B. Projects are the primary objectives of an organization C. C. Every project is unique D. D. A project has life cycle 78 / 100 78. 37. Which factor contributes to successful change implementation? A. A. Resistance from employees B. B. Lack of communication C. C. Employee involvement and participation D. D. Maintaining the status quo 79 / 100 79. 42. Which leadership style encourages employees to participate in decision-making and problem-solving? A. A. Autocratic leadership B. B. Democratic leadership C. C. Transformational leadership D. D. Transactional leadership 80 / 100 80. 45. Ayantu, fourth year management student, examines the collected raw data to detect errors and omissions and to correct these when possible. The activity performed by Ayantu is: A. A. Survey B. B. Proposal writing C. C. Data analysis D. D. Editing 81 / 100 81. 90. A method of budgeting that estimates today’s value of money to be received in the future is______________. A. A. Cash inflow B. B. Discounted cash flow C. C. Cash outflow D. D. Payback period 82 / 100 82. 62. Which of the following CAN be the failure factor for small businesses? A. A. Appropriate location B. B. Workable goal C. C. Competent management D. D. Diminished customer base 83 / 100 83. 73. Which of the following statement best expresses retrenchment? A. A. When a company experiences declining profits and makes cutbacks to improve efficiency. B. B .When a company adopts a new strategic position for a product or service C. C. The sale of the complete business, either as a single going concern or piecemeal to different buyers or sometimes by auctioning the assets D. D. Implement the marketing function’s strategic planning and management decisions 84 / 100 84. 55. Which of the following is the non-random method of selecting samples from a population? A. A. Multistage sampling B. B. Cluster sampling C. C. Quota sampling D. D. All of the above 85 / 100 85. 100. The critical path in network problem is- A. A. The shortest path in a network. B. B. The longest path in a network. C. C. The path with the smallest variance D. D. The path with the largest variance 86 / 100 86. 38. Which type of organizational change involves making incremental adjustments to existing processes and procedures? A. A. Radical change B. B. Transformational change C. C. Incremental change D. D. Evolutionary change 87 / 100 87. 46. Which of the following CANNOT be the purpose of a research proposal? A. A. Presenting the problem to be researched B. B. Reporting the findings of the research C. C. Discussing the research efforts of others D. D. Suggesting the data necessary for solving the problem 88 / 100 88. 23. Which of the following is NOT the internal factors that affect recruitment functions? A. A. Image of the company. B. B. Size of the Company. C. C. Recruiting policy. D. D. None of the Above. 89 / 100 89. 5. Which one of the following is correct regarding to managerial skills? A. A. Conceptual skills are greatly used by first line managers B. B. Human skills are needed uniformly at three levels of management C. C. Conceptual skills are the job-specific knowledge required to perform a task D. D. Human skills are ability to conceive and manipulate ideas and abstract relation-ships 90 / 100 90. 24. The process of helping new employees adapt to their new organizations and work responsibilities is ______. A. A. Orientation. B. B. Induction. C. C. Socialization. D. D. All of the Above 91 / 100 91. 29. ________an employment interview conducted to know whether the candidate can handle the demands of a complex job. A. A. Stress interview. B. B. Behavioral description interview. C. C. Depth interview. D. D. Group interview. 92 / 100 92. 71. While analyzing internal environment strategist’s decision about firm’s resources, capabilities and core competences are affected by: A. A. Complexity and wideness of issues analyzed B. B. Surfacing of intra organizational conflict C. C. Uncertainty within external environment D. D. All of the above E. E. None of the above 93 / 100 93. 43. Which of the following is a strategy for building change readiness in an organization? A. A. Minimizing communication B. B. Avoiding employee involvement C. C. Fostering a culture of trust and openness D. D. Ignoring employee concerns 94 / 100 94. 51. ______ is level of measurement which classifies data into categories that can be ranked. A. A. Ordinal scale B. B. Nominal Scale C. C. Interval scale D. D. Ratio scale 95 / 100 95. 20. Under _______, the strategy is to simultaneously pioneer the newly developed product in all kinds of global markets. A. A. Trickle down model B. B. Shower model C. C. Trickle shower model D. D. Heckler model 96 / 100 96. 64. ABC restaurant noticed that people were cooking meals in their homes less often but wanted to avoid the hassle of going out to eat. People wanted to ‘‘eat in’’ without cooking. By considering this issue, ABC restaurant company started delivering food to customers’ homes and businesses by takeout taxi. This business idea “delivering food by takeout taxi” is the result of- A. A. Strength B. B. Weakness C. C. Opportunity D. D. Threat 97 / 100 97. 84. . ……is the system in which items are processed in lots and a new lot is undertaken for production only when the production on all items of a lot is complete. A. A. Job production B. B. Batch production C. C. Mass production D. D. Continuous production 98 / 100 98. 49. Which one of the following CANNOT be the purpose of report writing in research? A. A. Presenting the results of the research. B. B. To indicate the formal completion of the research. C. C. To indicate the methods that will be used in the research. D. D .To provide written evidence about the results of the research. 99 / 100 99. 91. When capital market is booming, firms can take market route to ________. A. A. Raise capital B. B. Decrease capital C. C. Stop growing D. D. Stagnate 100 / 100 100. 56. You are given the following information about advertising expenditure and sales: . Advertisement (x) (100, 000 Birr) Sales (y) (100,000 Birr) Arithmetic mean, x 10 90 Standard deviation, σ 3 12 Correlation coefficient = 0.8 A. A. 200,000 Birr B. B. 1O6,000 Birr C. C. 308,000 Birr D. D. 100,000Birr Your score is 0%
Posted on February 22, 2024March 30, 2024Management exit Exam Model 2016 1152 123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100 Created by Dr. Lemma Belay Management exit Exam Model 2016 Choose the Best From the Alternatives Name of StudentID NumberModality (egular, Extention or Weekend)Phone Number 1 / 100 What is management? The process by which an organization realizes its objectives in a planned way The co-ordination and integration of various elements of business The art of getting things done through others The process of securing maximum prosperity with a minimum of effort All are answers cognitive 2 / 100 Which quote best describes the role of management in an organization? "Management is the art of securing maximum prosperity with a minimum of effort" "Management is a dynamic life-giving element in an organization" "There is no more important area of human activity than management" "Management helps in the transformation of resources into ultimate goals or objectives" cognitive 3 / 100 Which of the following statements about management as an art is true? Management is personalized. Like any art, management is based on scientific principles. The process of management involves the use of know-how and skills. All of the above statements are true cognitive 4 / 100 Which level of management consists of the Board of Directors, the Chief Executive Officer, and the General Manager? Executive level management Middle-level management Lower level management Top level management cognitive 5 / 100 What is the primary function of management? Staffing Planning Controlling Organizing cognitive 6 / 100 What is the function of staffing? Determining and meeting the manpower requirements of an enterprise Evaluating the alternative courses and selecting the right type of action Transmitting orders, suggestions, policy decisions, and instructions to lower level Overseeing of subordinates at workplace with a view to guide and regulate their efforts cognitive 7 / 100 Which of the following is a factor affecting leading in management? Communication Power Motivation All of the above cognitive 8 / 100 The process of comparing actual performance with standards and taking corrective action refers____ Controlling Organizing Planning Leading cognitive 9 / 100 The process of allocating and arranging resources to carry out plans is called___. Controlling Leading Organizing Planning cognitive 10 / 100 What is the formal process of ensuring the availability of qualified workers at all levels in the organization? Leading Controlling Staffing Planning cognitive 11 / 100 Which of the following is NOT the functions of management? Planning Staffing Leading Contracting cognitive 12 / 100 How does management contribute to the welfare of society? By decreasing the standard of living By neglecting the profit aspect of business By avoiding utilization of scarce resources Through better economical production cognitive 13 / 100 The highest level of management in the organizational hierarchy is known as: Board of Directors Middle-level management General Manager Top level management cognitive 14 / 100 Which of the following are the significances of management? Optimizing resources Establishing sound organization For growth and survival of the organization. All cognitive 15 / 100 How many subordinates a manager can supervise, is determined by the principle of Span of control Scalar chain Unity of efforts None cognitive 16 / 100 Policy formulation is the function of: Top level managers. Middle level managers, Operational management. All of the above cognitive 17 / 100 The directing function of management embraces the activities of Providing Leadership Supervising subordinates Issuing order to subordinates All of these cognitive 18 / 100 This is a conventional distinction made between managers and leaders? Managers maintain while leaders develop Managers innovate while leaders administer Managers inspire while leaders control Managers originate while leaders imitate cognitive 19 / 100 When managers dealing with problems, crisis, and changes beyond their immediate control refers to¬¬____. Entrepreneurial role Information role Decision role Disturbance handle role cognitive 20 / 100 Theory Y assumes which of the following? People are poorly motivated People achieve little satisfaction from work People are committed to organizational activities People seek to avoid cognitive 21 / 100 Theory X assumes which of the following? People regard work as normal activity People achieve little satisfaction from work People seek out responsibility People are self-motivated cognitive 22 / 100 Which of the following is a characteristic of Participative leadership? Believe success arise from leaders and staff working together Employs a clear chain of command Takes the view that rewards and punishment motivate staff Seeks to involve staff in the decision making process cognitive 23 / 100 Transactional leadership has which of the following characteristics? Takes the view that rewards and punishment motivate staff Seeks to ensure staff understand issues facing the organization Seeks to involve staff in the decision making process Believe success arises from leaders and staff working together cognitive 24 / 100 Transformational leadership has which of the following characteristics? Believe success arises from leaders and staff working together Seeks to involve staff in the decision making process Employs a clear chain of command Takes the view that rewards and punishment motivate staff cognitive 25 / 100 Which of the following is reward power? Leader can reward staff who comply with instructions Leaders is able to exercise power because of their charisma and reputation Leader can punish staff who do not comply with instructions Leader has power because of expert knowledge cognitive 26 / 100 Among the following, which one is not a leadership style? Transactional leadership Transmission leadership Transformational leadership Paternalistic leadership cognitive 27 / 100 Which of the following is an expert power? Leader can exercise power as a result of their position in the organization Leader has power because of their expert knowledge Leader has power because subordinates trust him/her Leader can punish staff who do not comply with instructions cognitive 28 / 100 Which of the following quality is not possessed by a leader? Paternalistic Delegating Stressful Motivational cognitive 29 / 100 In leadership trait theory, what is a trait? A list of the things that make leaders different to everyone else A list of the key things that a leader should do to be great The list of key behaviors a leader exhibits A list of key characteristics that makes a leader great cognitive 30 / 100 Contingency theory is based on the assumption that the leader: Shapes their leadership style depending on the situation Provides clear instructions to the followers so that they know what they are doing Knows what their strengths are and makes the most out of them Spends time with their followers and therefore listens and responds to their needs cognitive 31 / 100 A long run dream of an organization refers Mission Vision Objective Goal cognitive 32 / 100 Which of the below is an example of laissez-faire leadership? ‘’ I need your feedback before I make decision. Please speak out.’’ ‘’ Everybody will fall in at 14:oo hour sharp.’’ ‘’ don’t go to the zoo unless you are told to do so.’’ ‘’ We can go to the zoo or bird park for this outing. I am OK with anything” cognitive 33 / 100 Leadership may be defined as ? The ability to motivate people to work towards a common goal The ability to command people to work towards a common goal The ability to discipline people None of the above cognitive 34 / 100 According to Kurt Lewin, which of the following is not a stage in the change process? Unfreezing Refreezing Changing Restraining cognitive 35 / 100 A company that decides to decentralize its sales procedures in managing what change category? Technology Competitors People Structure cognitive 36 / 100 In organizations, people who act as catalysts and assume the responsibility for managing the change process are called ? Change masters Change agents Operations managers Charismatic leaders cognitive 37 / 100 Managers’ options for change essentially fall into what three categories? Environment, technology and mission Structure, technology and people Mission, structure and people Mission, environment and process cognitive 38 / 100 The unfreezing step of the change process can be thought of as . Thawing the organization loose from the current status to the new status Making the move to the new organizational condition Loosening the organization from the old condition and moving it to the new condition Preparing for the needed change cognitive 39 / 100 All are the advantages of Internal recruitment, Except; Information on employee performance is readily available and predictable Employees feel that the organization offers opportunities for advancement. Internal recruitment is less costly as compared to external recruitment. Excludes excellent candidates that may be available from external sources. cognitive 40 / 100 A recruitment method used by employer/s to attract a large number of applicants to one location for interviews is; Employee Leasing Competitive Games Job Fairs Employee referrals cognitive 41 / 100 The process of receiving and welcoming employees when they first join a company is called . Induction Selection Appraisal Formalization cognitive 42 / 100 A type of Interview in which a board of interviewers questions and observes a single candidate is Known as Sequential Interview Panel Interview Behavioral Description Interview None of the Above. cognitive 43 / 100 All are the goals of recruitment process Except: Manage the vacancies in the organization. Run the internal recruitment process. Provide feedback about the trends in the job market None of the Above cognitive 44 / 100 The first and foremost process of recruitment plan is/are . Identifying the vacancy. Recruitment planning Searching the right candidate. Analyzing human resource strategy cognitive 45 / 100 ———is the process of filtering the applications of the candidates for further selection process. Searching Source activation Screening Reviewing of Resumes. cognitive 46 / 100 Which of the following is/are a training process whereby a skilled person trains someone who is unskilled? Simulation Apprenticeship Role-play. Lecture cognitive 47 / 100 Which of the following is a performance rating error in which employee’s evaluation is biased because of comparison with another employee just previously evaluated? Contrast error Forced distribution Leniency error Recency error cognitive 48 / 100 Which of the following is a training system in which trainees learn their jobs on the equipment they will be using on the job? Apprenticeship Vestibule Simulation Role Playing cognitive 49 / 100 —————is fixed pay an employee receives on a regular basis, either in the form of a salary or as an hourly wage. Benefits Compensation Base Compensation None of the Above cognitive 50 / 100 One of the following involves combining various activities at the same level in the organization and adding them to the existing job. Job analysis Job rotation Job enlargement Job enrichment cognitive 51 / 100 —————–Summarizes the personal qualities, traits, skills, and background required for getting the job done. Job specification Job description Job analysis Job evaluation cognitive 52 / 100 A process that identifies current and future human resources needs for an organization to achieve its goals is— Job Analysis Human resource planning Job specification Human resource requirement cognitive 53 / 100 A pay plan in which most employees are part of the same compensation system is Elitist pay system Knowledge based pay Egalitarian pay system Monetary pay system cognitive 54 / 100 What is the main purpose of research? To satisfy personal curiosity about the unknown. To verify existing knowledge and theories. To discover answers to questions through scientific methods To solve immediate practical problems cognitive 55 / 100 Which of the following sampling methods does not allow for estimating the probability of each item in the population being included in the sample? Probability sampling Non-probability sampling Simple random sampling Stratified random sampling cognitive 56 / 100 According to the sample design, when a sample survey is preferable to a census survey? When the population is very large and geographically dispersed. When the research needs to be completed quickly and inefficiently When the study requires detailed examination of each individual in the population When the researcher wants to ensure absolute accuracy in the results cognitive 57 / 100 What is the main difference between research and the scientific method? Research focuses on specific results, while the scientific method seeks generalizable knowledge. Research involves experimentation, while the scientific method emphasizes observation. Research can be applied to any field, while the scientific method is specific to science. Research is subjective, while the scientific method is objective cognitive 58 / 100 Which research technique is not associated with qualitative research? Survey questionnaires Focus group interviews Projective techniques Depth interviews cognitive 59 / 100 Which type of research aims to find solutions for immediate problems? Quantitative research Fundamental research Descriptive research Applied research cognitive 60 / 100 What are the most common reasons people undertake a research? Desire to face the challenge of solving problems Desire for intellectual joy of creative work Desire for a research degree and its benefits Desire to be of service to individual cognitive 61 / 100 What type of research aims to achieve new insights into a phenomenon? Descriptive research Diagnostic research Exploratory research Hypothesis-testing research cognitive 62 / 100 Which of the following statements best defines the term “research”? Quest for knowledge driven by curiosity about the unknown. A careful investigation that involves formulating hypotheses and testing them. A systematic search for information to solve a specific problem or question. The manipulation of things or concepts to create new knowledge or verify existing knowledge. cognitive 63 / 100 The chi square independent test can be used To test the equality in mean of three or more groups of population To test whether a data distribution has specific pattern To test whether two variables are related To test change in the value of population cognitive 64 / 100 Suppose a farming firm used fertilizer to increase its crop products. Accordingly if the test for goodness of fit indicates a test statistics of x2= 9.231 and assuming that the critical value is 11.210 what is the decision of the manager? The fertilizer increase the productivity of the farm The fertilizer didn’t change the productivity of farm The fertilizer and crop product are independent The fertilizer and crop product are dependent. pyschomotor 65 / 100 ————–is statistical Analysis which measures and analyses the degree or extent to which the two variables fluctuate with reference to each other. Chi-square ANOVA Regression correlation pyschomotor 66 / 100 If the coefficients of correlation between two variables, r = 0.89, it mean The two variables have perfect positive correlation The two variables are negatively correlated The two variables have weak positive correlation The variables have no correlation pyschomotor 67 / 100 Suppose the average mean salary of employees of an organization is expected as 4000 birr. Currently 36 sample employees are selected and mean of salary of birr 4200 with standard deviation of 100 birr is computed. If whether the mean salary is more than expected, what is the alternative hypothesis? The mean salary is equal to 4000 birr The mean salary is greater than 4000 birr The mean is different from the expected mean The mean is less than the expected mean. pyschomotor 68 / 100 While we make decision in hypothesis testing if we strongly reject the null hypothesis which is actually true, we commit Type I error Type II error Bias measurement error pyschomotor 69 / 100 ___is a measurement that the distances between consecutive numbers have meaning and the data are always numerical. Nominal Ordinal Interval Ratio pyschomotor 70 / 100 Suppose a raw data is collected from 30 sample individuals. If the data is organized using grouped frequency distribution, how many class intervals are created? 6 5 30 7 pyschomotor 71 / 100 What is the geometric mean of the values 10, 25, 5, and 30? 15 17.5 13.9 20 pyschomotor 72 / 100 What is the median of the values 3, 6, 4, 7, 10 and 8? 6 6.5 7 8 pyschomotor 73 / 100 The arithmetic mean of 20 sample values was computed as 30. But, while calculated the mean value of two items are misread as 24 and 12 instead of 42 and 21 respectively. What is the correct mean? 31.35 34.2 36 63 pyschomotor 74 / 100 ————-is the set of all possible outcomes of an experiment. Outcome Sample space Experiment Event pyschomotor 75 / 100 Consider a quality control procedure where an inspector randomly selects two of five parts to test for defects. In a group of five parts how many combinations of two parts can be selected without replacement? 5 2 10 15 pyschomotor 76 / 100 Suppose two coins are tossed. What is the probability that both will land tail up? 0.5 0.25 0.1 0.75 pyschomotor 77 / 100 Suppose 40% of the people entering electronics store this month make a purchase. If 10 people enter the store, what is the expected number making a purchase? 4 2 10 1 pyschomotor 78 / 100 Suppose sample of 4 products are tested. What is the probability of getting 2 defective items? 0. 0.5 0.25 0.375 0.1 pyschomotor 79 / 100 ————-is the value that is computed from sample results and to be compared with the critical value to conclude either to accept or reject the null hypothesis. Critical point Parameter significance level Test statistics pyschomotor 80 / 100 ————–is a probability distribution of all the values of sample statistics. Normal probability discrete probability sampling distribution Binomial cognitive 81 / 100 In selecting simple random samples of size n from a population, the sampling distribution of the sample mean can be approximated by a normal probability distribution as the sample size becomes large. This assumption indicates Continuity Central limit theorem linearity similarity cognitive 82 / 100 The economic aspects of MsEs covers Market Share Independence Personalized Management Geographical Area of Operation cognitive 83 / 100 One is not the Role/Importance of MSEs in Developing Countries? Large Employment Opportunities Economical Use of Capital C. Balanced Regional Development/ Removing Regional Imbalance Inequitable Distribution of Wealth and Decentralization of Economic Power cognitive 84 / 100 The first stage of product development process is: Incubation Implementations Diffusion Idea Generation cognitive 85 / 100 All are Intellectual Property Protection except one Patents Trademarks Copyrights Idea Generation cognitive 86 / 100 One is not the core Marketing concepts Needs, wants and demands Products (Goods, Services and Idea) Value, cost and satisfaction None of the above cognitive 87 / 100 Marketing provides utility including: Form Utility Place Utility Time Utility Information Utility All cognitive 88 / 100 The major Functional Roles of Marketing Research is/are: Descriptive Function Diagnostic (analytical) Function Predictive Function all cognitive 89 / 100 All are the Marketing Research Components except one Market size Market Share Market penetration Brand equity research None cognitive 90 / 100 The first stage in Marketing Research Process is Define the research purpose or objectives Research Design Formulation Gather Primary Data Data Processing and Analysis cognitive 91 / 100 One is not the Importance of Marketing Intelligence? Market and customer orientation Identification of new opportunities Smart segmentation. Later warning of competitor moves cognitive 92 / 100 Forces affecting organizational behavior are People Environment Technology All of the above cognitive 93 / 100 Scope of Organizational Behavior does not include Leadership Perception Job Design Technology cognitive 94 / 100 In present context, challenges for Organizational Behavior are Employee expectation Workforce diversity Globalization All of the above cognitive 95 / 100 Organizational behavior focuses at 3 Levels Individuals, Organization, Society Society, Organization, Nation Employee, Employer, Management Individual, Groups, Organization cognitive 96 / 100 What model has been constructed from Operation Research problems for solving the models that are available in many cases? Geometric Scientific Models Algorithms Mathematical Models cognitive 97 / 100 Which technique is used in finding a solution for optimizing a given objective, such as profit maximization or cost reduction under certain constraints? Quailing Theory Waiting Line Game theory Linear Programming cognitive 98 / 100 Operation Research can help to evaluate only the effects of ———————————– Personnel factors Financial factors Numeric and quantifiable factors Behavioral aspects cognitive 99 / 100 Which of the following is a method for improving an initial solution in a transportation problem? northwest-corner intuitive lowest-cost southeast-corner rule stepping-stone cognitive 100 / 100 In a transportation problem, we must make the number of —– and —– equal. units supplied; units demanded destinations; sources columns; rows positive cost coefficients; negative cost coefficients cognitive Your score is 0%