Principles of Management Quiz 01

Knowledge workers are those employees whose primary contributions are _________.

• ideas and problem-solving expertise

• designs and implementation

• operations and executions

• diligence and initiatives

Competitive Advantage simply means that customers buy from ____________.

• you instead of from your competitors

• everybody else except from you

• the Government only

• the cheapest supplier at all times

A Manager's four main functions are Planning, _________.

• Leading, Organising & Controlling

• Thinking, Executing & Implementing

• Designing, Channeling & Funding

• Arranging, Depositing & Reproducing

The managerial function of "Organising" means ________.

• assembling and coordinating the resources needed

• collecting and distributing as many resources as possible

• reversing and reminding others on the resources

• explaining and listing down the resources needed

This is not considered as an input.

• Products and Services

• Raw Materials

• Human Resources

• Financial Resources

The Five entities that exists in the Micro-Environment are Suppliers, Buyers, New Entrants, _____________.

• Rivals, Substitutes & Complements.

• Collaborators & Government

• Substitutes, Competitors and Politicians

• Society & Global Stakeholders

This is not one of the forces that exist in the Macro-Environment.

• Unionisation forces

• Socio-cultural forces

• Economic forces

• Demographical forces

This is the meaning of Demographic forces.

• The existence of democracy.

• The statistics of a population.

• The political changes in the country.

• The binding legal requirements in a society.

This would be a good example of a complementary product.

• Coca cola served in McDonald's

• Chicken meat served in a chicken rice stall

• Buy one tin of biscuits and get one tin free

• A car pre-fitted with hydraulic-brakes

When many employees in an organisation agree & practise certain behaviour, we call this a _________.

• strong culture

• weak culture

• unilateral culture

• anarchy culture