BBA 3602 Management MCQ’S

Question 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; high4 points  Question 2 GE Financial Services is an example of which level of management operations for General Electric Company?Answer  Functional  Corporate  Divisional  Departmental  Unit4 points  Question 3 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 inquiry4 points  Question 4 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 integration4 points  Question 5 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 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 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 advocacy4 points  Question 8 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  optimum4 points  Question 9 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 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