
ICMP-Manager essentials test 4
Authored by Natalie Brown
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Professional Development

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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. In the long run, what is the usual result of unethical behavior on a company or organization?
increased efficiency
reduced performance
reduced salaries
increased effectiveness
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. Which barrier to entry makes it very costly to build customer awareness of a newcomer's product in the marketplace?
Technological barriers
Brand loyalty
Administrative barriers
Economies of scale
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Which level of management develops departmental objectives and policies for achieving organizational objectives?
Senior management
Middle management
Supervisory management
Operative management
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. What is a legally enforceable agreement between two or more parties?
a combination
a warranty
a contract
a negotiable instrument
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. Which is the most likely source of unhappiness associated with a nation's move from socialism toward capitalism?
The distribution of wealth will become less equal
Tax rates will increase
Less wealth will be created.
People will have less economic freedom.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. A manager who has the responsibility of communicating the organization's ethical standards to employees and enforcing these standards is known as a:
social auditor.
ethics ombudsman
whistle-blower.
chief stakeholder.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. Which is an example of a programmed decision?
Deciding whether or not to launch a new product
Buying a new type of equipment
Deciding on next year's goals for the company
Administering a routine merchandise return policy
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