WorksheetsManagement
Total questions: 6
Worksheet time: 2mins
Name
Class
Date
1.
Father of Scientific Management
a)
FW Taylor
b)
Adam Smith
c)
Henry Fayol
d)
George Terry
2.
Who has defined function of management as POSDCORB
a)
Gullick
b)
Terry
c)
JB Say
d)
Schumpeter
3.
The most widely used tool for diagnosing the principle competitive pressures in a market is the:
a)
SWOT.
b)
Competitor Profiling.
c)
Five Forces Model.
d)
Market analysis.
4.
Rivalry increases when:
a)
buyer demand is increasing.
b)
when there is excess supply of unused production capacity.
c)
as the products of rival sellers become more strongly differentiated.
d)
all of these.
5.
A company’s strategic vision describes:
a)
why the company does certain things in trying to please its customers.
b)
management’s storyline of how it intends to make a profit with the chosen strategy.
c)
management’s aspirations for the future and delineates the company’s strategic course and long-term direction.
d)
what future actions the enterprise will likely undertake to outmaneuver rivals and achieve a sustainable competitive advantage.
6.
Well-stated objectives are:
a)
quantifiable or measurable, and contain deadlines for achievement.
b)
clear, succinct, and concise so as to identify the company’s risk and return options.
c)
directly related to the dividend payout ratio for stockholder returns.
d)
all of these.
100 %
