GEAS MASTERY 4&5
GEAS Mastery Quiz: Levels 4 & 5
Test your management skills and knowledge with our comprehensive GEAS Mastery Quiz, designed for both beginners and experienced managers. This quiz consists of 102 carefully curated questions that cover essential topics in management fun
- Assess your understanding of management principles
- Improve your knowledge and readiness for advanced concepts
- Instant feedback on your performance
The management function that specifies goals to be achieved and deciding in advance the appropriate actions to achieve those goals is:
Leading
Planning
Controlling
Organizing
The plans which deal with fairly small set of activities are called:
Operational plan
Strategic plan
Tactical plan
Personal plan
To determine the ___________, a manager must determine what is relevant or important in resolving the problem.
Decision criteria
Geocentric behavior needed
Weighting of decision criteria
Number of allowable alternatives
In order to communicate, motivate and delegate a manager must have:
Political skills
Interpersonal skills
Conceptual skills
Technical skills
Which one of the following items best reflects the extent to which a society places a high value on reducing risk and instability?
Power distance
Long-term/short-term orientation
Masculinity/femininity
Uncertainty avoidance
Which of the management tasks is the most important for a supervisory manager?
Staffing
Controlling
Organizing
Planning
Forecasting techniques fall into which of the following two categories?
Quantitative and qualitative
Empirical and conceptual
Predictive and confirmatory
Fixed asset and human capital
In traditional goal setting, the goals are set at the top level of management and after that they:
Become the responsibility of first-line management
Are broken down into sub goals for each level of the organization
Are delegated to the next lower level to be achieved
All the efforts to achieve the goals are directed by top management
Each subordinate should report to one and only one superior is called:
Authority
Unity of command
Unity of direction
Order
Which of the following can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives?
Strategy implementation
Strategy formulation
Strategic management
Strategy evaluation
Low level management has a complete authority to make decisions in case of:
Order
Decentralization
Centralization
Scalar Chain
When objectives are not written down or rarely verbalized, and the planning is general and lacks continuity, which of the following types of planning is used?
Formal planning
Environmental planning
Informal planning
Economic planning
Organizational culture is similar to an individual’s:
Motivation
Ability
Skills
Personality
What would be the best description of plans that focus on the broad future of the organization and incorporate both external environmental demands and internal resources into managers’ actions?
Strategic plans
Holistic plans
Tactical plans
Operational plans
Inspiring people to be high performer is called:
Organizing
Leading
Planning
Controlling
What refers to the number of components in an organization’s environment and the extent of the knowledge that the organization has about those components?
Degree of complexity
Degree of stability
Change
Openness
Decision making is (simplistically) typically described as which of the following?
Deciding what is correct
Processing information to completion
Putting preferences on paper
Choosing among alternatives
Which of the following is the final step in the decision-making process?
Selecting an alternative that can resolve the problem
Identifying the problem
Identifying decision criteria
Evaluating the decision`s effectiveness
Maslow’s need hierarchy, a healthy work environment is an example of what type of need?
Safety
Social
Esteem
Physiological
When a manger made a decision and he is uncertain about the outcomes his decision is likely to be:
Unacceptable
Of Poor Quality
Successful
Risky
A budget is an example of which of the following plan?
Strategic plan
Single use plan
Informal plan
Standing plan
Which of the following is NOT a key element of the Total Quality Management approach?
Focus on the customer
Employee involvement
Focus on the supplier
Continuous improvement
Which of the following is known as the process of getting activities completed efficiently and effectively with and through other people?
Controlling
Management
Supervision
Leading
If all criteria in the decision making are equal, weighting the criteria:
Is not needed
Produces excellent decisions
Improves the criteria
Improves decision making when large numbers of criteria are involved
A plan developed to carry out a course of action that is not likely to be repeated in the future is called:
Reaction plan
Single-use plan
Directional plan
Specific plan
A primary benefit of MBO is:
Resistance against new entrance
Increase resources
Improve employee motivation
Avoid competition
The first step in the decision-making process is which of the following?
Identifying a problem
Allocating weights to the criteria
Developing decision criteria
Analyzing alternatives
Which of the following is a process that involves managers from all parts of the organization in the formulation of strategic goals?
Strategic organizing
Strategic positioning
Strategic management
Strategic planning
When call center managers spend much of their time monitoring customer calls and giving employees feedback about how to improve their dialogue with customers in the future, these managers are using which of the following skills?
Situational
Technical
Conceptual
Ethical
A manager resolving conflict among organizational members is performing what function?
Directing
Commanding
Controlling
Leading
Interest rates, inflation rates, and stock market indexes are all examples of which of the factor of an organization’s general environment?
Economic
Social
Political
Technological
Which of the following is true concerning technical and managerial skills?
Both human-skill and technical-skill needs decrease as managers move to higher levels.
Human skills remain necessary and technical-skill needs decrease as managers move to higher levels.
Technical-skill needs remain necessary and human skills decrease as managers move to higher levels.
Human skills and technical skills remain equally important as managers move to higher levels.
Monitoring organizational progress towards goal attainment is called:
Leading
Controlling
Planning
Organizing
Which of the following is the power that rests on the leader’s ability to punish or control?
Reward power
Referent power
Expert power
Coercive power
Social obligation is the obligation of a business to meet its:
Economic and legal responsibilities
Technological and economic responsibilities
Social and technological responsibilities
Economic and social responsibilities
The SWOT approach assesses an organization’s:
Speed, Wants, Order, Timing
Signs, Worries, Objectives, Techniques
Strengths, Weaknesses, Opportunities, Threats
Studies, Workflows, Opportunities, Trials
Because managers can’t possibly analyze all information on all alternatives, managers ________, rather than _________.
Maximize; minimize
Satisfice; maximize
Maximize; satisfice
Satisfice; minimize
Supervisor is another name for whom?
Top managers
First-line managers
Middle managers
Team leaders
LG and Sony electronics agreed to cooperate on developing new technologies. Representatives from each firm meet regularly to coordinate this new venture Which of the following roles these managers are playing?
Leader
Spokesperson
Liaison
Disseminator
The process of monitoring performance, comparing it with goals and correcting any significant deviations is known as:
Controlling
Leading
Planning
Organizing
That would be the best description of plans that focus on the broad future of the organization and incorporate both external environmental demands and internal resources into managers’ actions?
Strategic plans
Operational plans
Tactical plans
Holistic plans
A plan developed to carry out a course of action that is not likely to be repeated in the future is called:
Specific plan
Direction plan
Reaction plan
Single-use plan
Selecting an alternative in the decision-making process is accomplished by:
Selecting the alternative that is the most reliable
Choosing the One You Like Best
Choosing the alternative with the highest score
Selecting the alternative that has the lowest price
There are many healthcare products manufacturers XYZ Company manufactures only personal hygiene products It markets such products deodorant, body powder, body creams, and exfoliates Because it only stocks body care and personal hygiene products, it is using ___ strategy.
Focus
Cost leadership
Prospecting
Emergent
In the MBO system:
Goals are only reviewed at the time of completion
Progress is periodically reviewed
Goals are used as controls
Objectives are determined by management
The management function that specifies goals to be achieved and deciding in advance the appropriate actions to achieve those goals is:
Controlling
Planning
Leading
Organizing
What type of an organization actively creates, acquires, and transfers knowledge within itself and is able to modify its behavior to reflect new knowledge?
Conceptualized organization
Enlightened organization
Modern organization
Learning organization
Which of the following is a general statement or understanding that guide or channelize thinking in decision making?
Policy
Procedure
Rule
Project
The plans which deal with fairly small set of activities are called:
Operational plan
Personal plan
Tactical plan
Strategic plan
The greater the risk involves in making a decision, the greater the:
Rewards
Information available
Outcomes
Uncertainty
Fixed costs are:
Costs that are unaffected by increases or decreases in volume of output.
The sales revenue per unit
Costs that tend to increase in the volume of output or sales
Costs that are unaffected by increases or decreases in volume of input.
One of the negative effects of a business plan is that it:
Does not help the entrepreneur to be motivated
Rapidly becomes outdated because of changing market conditions
Cannot aid the entrepreneur to develop business strategies
Does not guide the entrepreneur to develop realistic goals
Capital withdrawn from the entity for personal use:
Increases the equity of the entity
Decreases the liabilities of the entity
Decreases the equity of the entity
Increases the assets of the entity
What is an evident when the entrepreneur tries to mislead the Investor?
Lack of openness and honesty
Knowledge and experience
Lack of financial planning
Commitment of the entrepreneur
Entrepreneurship can be defined as:
The act of initiating, creating, building, building an entrepreneurial team and gathering the necessary resources to exploit an opportunity in the marketplace for long-term wealth and capital gain
The act of initiating, creating, building, expanding and sustaining a venture, building an entrepreneurial team and gathering the necessary resources to exploit an opportunity in the marketplace for long-term wealth and capital gain
The act of initiating, creating, building, expanding and sustaining a venture and gathering the necessary resources to exploit an opportunity in the marketplace for long-term wealth and capital gain
The act of creating, building, expanding and sustaining a venture, building an entrepreneurial team and gathering the necessary resources to exploit an opportunity in the marketplace for long-term wealth and capital gain
Financial planning provides:
Specific outcomes of future activities
Non-specific outcomes of future activities
Specific outcomes of present activities
Specific outcomes of past activities
The definition of entrepreneurship holds the promise of:
Growth, unlimited expansion and long-term financial gain
Limited expansion
Financial difficulties and hardship
Growth, expansion and long term financial gain
Depreciation can be classified as:
A cash item
An income
A non-cash item
An asset
Ethics is:
Doing what others will do in the same situation
Finding the balance between what is good for the self and the other
What will ensure the best value for money
Not different for each person in the company
A small-scale entrepreneur is:
A formal-sector entrepreneur with 16 to 50 employees
A formal-sector entrepreneur with 16 to 49 employees
A formal-sector entrepreneur with 11 to 49 employees
A formal-sector entrepreneur with 11 to 50 employees
The internet as a source of information can provide the entrepreneur with:
Information on difficult steps for entrepreneurs
Information on negative attitudes from people
Information regarding new developments in products and services
All of the choices
A Micro entrepreneur is:
A formal-sector entrepreneur with zero to 10 employees
A formal-sector entrepreneur with zero to 15 employees
A formal-sector entrepreneur with 1 to 15 employees
A formal-sector entrepreneur with 1 to 10 employees
Which one of the following questions doesn’t belong in the ethics decisioning model?
How much will it cost?
What are my options?
Can I tell my friends and family about it?
Are they legal and in line with company policies and procedures?
To manage a new venture effectively, the entrepreneur has to develop and perform certain managerial tasks. Which one of the following is not a managerial task?
Control
Delegating
Decision making
Leading
A centralized server allows managers to:
Expect more employee productivity
Take extended lunch hours
Play video games
Monitor workstations and employee behavior
Why is it important to do market research?
It will reflect the need in the present market, as well as potential markets for the relevant products and services
It will reflect the eventual success of the venture.
It will reflect the survival of the business.
All of the choices
Activity ratios measure:
The financing strategy of an entity
The speed in which accounts is converted into cash
The financial leverage of an entity
The ability of an entity to commit to short-term obligations
Codified programming logic is the basis for:
Language translation
Modern art
Sales vehicles
Flowcharts
The following factors effects the choice of the form of ownership. Which one does NOT apply?
The extent to which the owner has direct control
The size of the proposed enterprise
The legal juristic personality of the venture
The possibilities of change of ownership
Business ethics is:
The responsibility of the stakeholders
How the customers feel about the business
Is a prerequisite for sustainable business
The laws and policies in the organization
A business plan is:
A financial document
An economic indicator
A living document
A static document
For any form of business, the environment will contain a wide range of institutions, which can influence the operation, and development of their business. Which of the following institutions may NOT have an influence on the majority of entrepreneurial ventures?
Organized commerce
Trade unions
Local school
Law enforcement agencies
In business, the preamble of the Code of Ethics is usually written by:
Consultants
Customer
Employees
The entrepreneur or the CEO
A subsistence entrepreneur is:
Involved in independent income-generating activities operating as a large-scale vendor
Involved in independent income-generating activities operating as a small-scale vendor
Involved in dependent income-generating activities operating as a small-scale vendor
Involved in independent income-spending activities operating as a small-scale vendor
Will the system function as it should?” is which risk of new IT?
The technical risk
The business risk
The organizational risk
The system risk
The first step in the entrepreneurial creativity process is:
Preparation
Idea generation
Information gathering
Ignoring all existing information
The ability to recognize the flow of margin that follows the flow of goods is known as:
Service management
Product pricing
Product management
Profit management
The cash budget recognizes income:
When it is earned and received in cash
None of the above
When it is earned but not yet received in cash.
When it is paid
A disadvantage of a technology entrepreneur is that:
Competition is global
Social Networking
Modestly priced marketing tools
Barrier of entry
Information Technology cannot:
Provide international access to a single database
Capture information from all sources in the business system
Integrate data and workflow across multiple locations
Substitute for a strong business plan
Which one is the most important function since it occurs at all stages and levels of the business and is also part and parcel of all the other tasks performed in the business?
Decision making
Planning
Organising
Control
What refers to: communication, listening, conflict management and networking?
Financial skill
Interpersonal skill
Management skill
Business skill
An ethical dilemma:
Can be resolved through the disciplinary procedure
Is the problem of the employee and not the employer
Refers to the grey area between what is wrong and right
Is the conflict between the employer and the employees
Strategic management consist of three phases. Which one does NOT apply?
The strategy performance phase
The strategy implementation phase
The strategy formulation phase
The strategy evaluation phase
The accounting cycle starts when:
A transaction is recorded
When the financial statements are prepared
When information is summarized in the general ledger
A transaction has occurred
The extended system of your business includes:
Your family members
The entire community
Only certain customers
Your suppliers and customers
Business Information alignment includes:
A laid-back attitude
Business transformation
Letting the market systems work
Trusting the IT will create change
The most important personal quality of an IT professional is:
Back-ups files
Trustworthiness
Knows IT systems
Rigidity
An important unknown element of cloud computing is:
The upfront costs
The long-term information security
The hidden costs
The difficulty of access
What refers to the failure to acknowledge or recognize the limits of personal knowledge, skills and experience?
Overconfidence
Planning fallacy
Law of small numbers
Perception of risk
Liquidity refers to:
The financing strategy of an entity
The speed in which accounts is converted into cash
The ability of an entity to commit to short-term obligations
The financial leverage of an entity
Which of the following is NOT a form of extraordinary partnership?
The sleeping partnership
The closed-partner partnership
The commanditaire partnership
The anonymous partnership
Entrepreneurship is about:
People and guess what they need, it motivates the entrepreneur to start, set up and grow a business.
People and knowing what they need, it motivates the entrepreneur to take an unknown risk.
People and knowing what they need, it motivates the entrepreneur to start, set up and grow a business.
People and knowing what they need, it motivates the entrepreneur to start a business.
Variable costs are:
Costs that tend to increase in the volume of output or sales
Costs that are unaffected by increases or decreases in volume of output.
Costs that are unaffected by increases or decreases in volume of input.
The sales revenue per unit
A pre-entrepreneur is:
Involved where profit maximization is less important than the collective
Involved in welfare-based entrepreneurship for profit maximization only
Involved in welfare-based entrepreneurship
Involved in welfare-based entrepreneurship where profit maximization is less important than the collective
Five personality dimensions of entrepreneurs are:
Achievement; autonomy; internal locus of control; risk taking propensity and entrepreneurial self-efficacy
Achievement; autonomy; external locus of control; high risk taking propensity and entrepreneurial self-efficacy
Achievement; autonomy; internal locus of control; risk taking propensity and entrepreneurial self-efficacy
Achievement; autonomy; external locus of control; risk taking propensity and entrepreneurial self-efficacy
What refers to the moral and legal acceptability of the new product or service in society?
Newness
Entrepreneurial commitment
Potential economic value
Perceived desirability
Which one of the following is not specifically regarded as an ethical issue:
Corporate colors
Giving and receiving of gifts
Compliance with laws
Conflict of interests
Risk taking is referred to as:
The willingness to pursue an opportunity knowing that there might be a unreasonable risk involve
The willingness to pursue an unrealistic opportunity knowing that there might be a reasonably risk involve
The willingness to pursue an opportunity knowing that there might be a reasonably risk involve
The unwillingness to pursue an opportunity knowing that there might be a reasonably risk involve.
A Network Integrated Solution can
Share programs
Serve as your security system
Interact with different locations of the business
Not make cultural distinctions
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