Management Principles Study Quiz

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I am making a quiz for my management class. This can be useful if you, too, are studying management. You can test yourself to see how prepared you are for exams. There is also a second quiz for more practice.

This quiz covers many management topics that you are expected to know. If you breeze through it you must have paid careful attention in class and studied well. If you struggle with the questions here, you may not be prepared and should hit the books again.

Created by: homies

  1. Which is not part of the five Industry Forces?
  2. What means producing a product or service of acceptable quality at consistently lower production costs than competitors so that the firm can offer the product or service at the lowest price in the industry?
  3. What kind of planning are top managers responsible for?
  4. Operational planning is used to develop which of the following?
  5. Which of the following is not a type of resource that is required for producing a sustainable competitive advantage?
  6. Which of the following is not considered a positioning strategy?
  7. Which is not included in the BCG matrix?
  8. What is diversification?
  9. What is the bargaining power of buyers?
  10. Which one is not one of the 5 industry forces that determine overall competition in an industry?
  11. A system that can sustain themselves without interacting with their environment is called:
  12. Which of the following is not a major function of a manager?
  13. The knowledge, tools, and techniques used by businesses to transform inputs into outputs is:
  14. A transaction in which one party benefits at the expense of the other is called:
  15. Which German sociologist presented a new way to run organizations?
  16. Henry Fayol argued that managers need to perform five managerial functions?
  17. These managers hold positions such as plant manager, regional manager or divisional manager. They are responsible for setting objectives consistent with top management's goals and for planning and implementing subunit strategies for achieving those objectives.
  18. Obtaining and sharing information with people inside and outside the company is useful to managers because it helps them make good decisions. Which role is NOT a part of the decisional roles?
  19. Human Skills are
  20. Technical skills are
  21. Which of the following is one of the ways Frederick Taylor used to incentivize worker production:
  22. Name one of the key aspects of administrative management:
  23. Human Relations management works by:
  24. In _______________ the rate of environmental change is accelerated.
  25. _________________ states that companies go through long periods of stability (equilibrium), followed by short periods of dynamic, fundamental change (revolutionary periods), and then a new equilibrium.
  26. What are the standards used to guide judgments and decisions?
  27. What is the gap between a desired state and an existing state called?
  28. _______________ is behavior that conforms to society- accepted principles of right and wrong.
  29. ______________ is when an employee steals company merchandise.
  30. Which is not one of the four functions of management?
  31. Monitoring progress and taking corrective action when goals are not being met is the definition of....
  32. Which of the following does the general environment NOT consist of?
  33. Which of the following defines the purpose of cognitive maps?
  34. Resource similarity is the extent to which a competitor has similar amounts and kinds of resources. Which of the following is not one of them?
  35. When a company is attacked and the resource similarity is strong the responding firm will:
  36. Social responsibility is a business' obligation to
  37. __________________ is a company's responsibility to obey society's laws and regulations as it tries to meet its economic responsibilities.
  38. The first step of ethical decision-making is.
  39. ______ are persons or groups with a stake, or legitimate interest. In a company's actions.
  40. What is Group Think?
  41. What is the Devil's Advocacy approach to decision-making?
  42. Strategic objective: Specific goal that unifies a company, using organization and possess a finish line and time frame.
  43. Tactical Plans: Are day-to-day plans for producing or delivering the organizations products are services.
  44. Ethics is the set of moral principles or values that defines right and wrong for a person or group.
  45. Personal aggression is hostile or aggressive behavior towards others.
  46. Whistle blowing is reporting others' ethics violations to management or legal authorities.
  47. Social responsibility is a business's "╦ťobligation to pursue policies, make decisions, and take actions that benefit society.
  48. A company using a reactive strategy will do less than society expects.

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