C483 Principles of Management Practice Questions - Set 2 - Part 3

Test your knowledge of Principles of Management concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: Which theory assumes that people assess fairness by comparing input and outcome ratios?

a) Maslow's hierarchy

b) Herzberg's two-factor theory

c) Expectancy theory

d) Equity theory

Question 42: A "strategic alliance" is an arrangement where organizations:

a) Merge resources permanently

b) Collaborate for mutual goals without merging

c) Compete in the same industry

d) Focus on separate market strategies

Question 43: In "SWOT analysis," opportunities and threats are related to:

a) Internal factors

b) External factors

c) Organizational history

d) Budgetary constraints

Question 44: Which process involves creating new, creative solutions unique to specific issues?

a) Ready-made solutions

b) Custom-made solutions

c) Standardized solutions

d) Benchmarking

Question 45: Which of the following is primarily concerned with managing relationships among people?

a) Task performance

b) Group maintenance behaviors

c) Technical skills

d) Decision-making skills

Question 46: In management, "recruitment" primarily focuses on:

a) Dismissing underperforming employees

b) Attracting potential job applicants

c) Creating performance incentives

d) Restructuring work teams

Question 47: Which of the following describes "transactional leadership"?

a) A focus on inspiring followers

b) Managing through reward exchanges

c) Emphasizing ethical standards

d) Encouraging follower autonomy

Question 48: In "job rotation," employees experience:

a) Decreased job satisfaction

b) Increased monotony

c) Alternating between various tasks

d) Specialized tasks only

Question 49: "Scenario planning" primarily involves:

a) Developing fixed long-term strategies

b) Preparing for multiple possible futures

c) Short-term operational adjustments

d) Financial forecasting

Question 50: A "matrix organization" includes which of the following?

a) Singular reporting structure

b) Dual reporting structure with functional and divisional managers

c) Focus on task-based teams only

d) Centralized leadership

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