FREE MBA Management Questions and Answers

Question 1

Henry Fayol listed the following five managerial responsibilities: planning, organizing, staffing, leading, and closing.

Accepted Answer

False

Answer

True

Question 2

Productivity can be raised through:

Accepted Answer

all of the above

Answer

reducing inputs, but maintaining the same level of outputs

Answer

increasing outputs and reducing inputs, thereby, making the ratio more favorable

Answer

producing more output with the same inputs

Question 3

What is the distinction between effectiveness and efficiency?

Accepted Answer

Effectiveness refers to the achievement of stated organizational objectives while efficiency denotes the judicious use of resources.

Answer

Effectiveness means "doing things right," while efficiency means "doing the right things".

Answer

Effectiveness denotes the judicious use of resources, and efficiency refers to achievement of stated organizational objectives.

Answer

None of the above

Question 4

Which of Henry Mintzberg's several categories are relevant to managerial roles?

Accepted Answer

All of the above

Answer

Decisional roles

Answer

Interpersonal roles

Answer

Informational roles

Question 5

Which managerial positions fall under the informational category section?

Accepted Answer

Monitor, Disseminator, Spokesperson

Answer

Figurehead, Leader, Liaison

Answer

Figurehead, Monitor, Entrepreneur

Answer

Entrepreneur, Disturbance Handler, Negotiator

Question 6

In this kind of managerial position, as described by Henry Mintzberg, the manager must communicate with both internal and external stakeholders.

Accepted Answer

Liaison

Answer

Resource Allocator

Answer

Disseminator

Answer

Negotiator

Question 7

What steps comprise the "Organizing" process?

Accepted Answer

All of the above

Answer

Determine how tasks can best be combined into specific jobs

Answer

Determine how jobs can be grouped into various units

Answer

Determine which tasks are to be performed