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

Correct Answer: b) Comparing practices to other organizations

Benchmarking helps organizations improve by learning from others, rather than solely focusing on internal policies or forecasting.

Correct Answer: a) Values diversity and actively promotes it

A multicultural organization values and encourages cultural diversity.

Correct Answer: b) The difference between budgeted and actual figures

Variance measures deviations from the budget, while predictable expenses are contrary to the definition.

Correct Answer: b) A focus on serving others and the organization

Servant leadership prioritizes the well-being of others, contrasting with authoritative approaches.

Correct Answer: b) The difference between budgeted and actual figures

Variance measures deviations from the budget, while consistent alignment is not a characteristic.

Correct Answer: b) Achieve multiple objectives simultaneously

Organizational ambidexterity allows balancing diverse goals concurrently.

Correct Answer: c) Seeks new products and markets proactively

Prospectors actively explore opportunities, contrasting with companies focusing solely on established products.

Correct Answer: b) During the execution of activities to ensure alignment

Concurrent control monitors ongoing processes, as opposed to pre-project checks or financial review alone.

Correct Answer: b) Moving goods to the right place, in the right amount, at the right time

Logistics handles precise movement and delivery, distinct from stakeholder relations or feedback coordination.

Correct Answer: b) Incremental improvements with a customer-focused approach

TQM seeks continual quality improvement, prioritizing customer satisfaction, unlike cost-cutting.

Correct Answer: b) In a chaotic and seemingly random process

The garbage can model suggests decision-making can be disorderly, contrasting with structured or financial-focused approaches.

Correct Answer: b) Decision-making authority spread throughout various levels

Decentralized organizations distribute decision power, unlike centralized control by top management.

Correct Answer: a) Conflicting goals cannot coexist

Tyranny of the or implies rigid either/or thinking rather than flexible solutions involving multiple goals.

Correct Answer: b) Both a functional and a divisional manager

Matrix structures have dual reporting, unlike single-supervisor setups.

Correct Answer: a) Secretive work on self-assigned projects

Bootlegging involves informal, unsanctioned work, unlike formal tasks or budget restrictions.

Correct Answer: b) Identifying day-to-day processes for lower-level management

Operational planning defines specific, short-term actions unlike long-term strategies.

Correct Answer: b) Compare organizational practices with those of top performers

Benchmarking helps organizations improve by learning from others, rather than focusing only on internal practices.

Correct Answer: b) Tailored specifically to address a unique issue

Custom-made solutions are uniquely designed for specific challenges, distinct from standardized options.

Correct Answer: b) Assisting dismissed employees in finding employment elsewhere

Outplacement aids dismissed employees in job searches, not internal training or recruitment.

Correct Answer: b) Actively alters its environment for a competitive advantage

Strategic maneuvering proactively shapes external conditions for advantage, beyond passive measures.