Description
MANAGEMENT STRATEGIES
Answer the following multiple choice questions. One answer per response. Use
the class materials and internet sources to find the answers.
Due date 12th January 2022.
1. Wages are paid for:
Short-term periods
Long-term periods
All of the above
None of the above
2. Which of the following is false?
One reason for the failure of small businesses is the lack of managerial
experience
One reason for the failure of small businesses is that most entrepreneurs
are younger than 25 years old
One reason for the failure of small businesses is negligence
One reason for the failure of small businesses is weak control systems
3. Which of the following is not a secondary industry?
Construction industry
Manufacturing industry
Genetics industry
Service industry
4. How many types of industries are there?
Two
Three
Four
Five
5. Primary industries are further divided into:
Extractive
Genetic
Both (1) and (2)
None of the above
6. Secondary industries are further divided into:
Construction
Manufacturing
Service
All of the above
7. Which one of the following statements is false?
There is no partnership income tax; the individual partners pay a personal
income tax on their portion of partnership profits.
If the partnership agreement does not specify otherwise, profits will be
shared equally by the partners.
A partnership balance sheet is similar to that of a proprietorship.
The death of a partner dissolves the partnership and all assets must be
liquidated.
8. Which of the following are relevant to marketing?
Potential customer needs
The production process
Identifying customer needs
All of the given options
9. Which one of the countries shown below has a more collectivist
culture?
USA
Japan
Pakistan
UK
10. New and revised products may be tested through:
Commercialization
Product life cycle
Family brands
Marketing research
11. In which of the following practices do two or more organizations
collaborate on a project for mutual gain?
Limited partnership
Joint venture
Public corporation
Strategic alliance
12. When a manager focuses on making whatever products are easy to
produce, and then trying to sell them, that manager has what kind of
orientation?
Marketing orientation
Production orientation
Sales orientation
Profit orientation
13. What is the name given to the standards of moral behavior?
Legality
Loyalty
Integrity
Ethics
14. What is the process of locating, identifying, and attracting capable
applicants called?
Downsizing
Human resource inventory report
Recruitment
Strategic human resource planning
15. Which of the following is excluded from the advantages of sole
proprietorship?
Unlimited liability
Personal satisfaction
Entire profit
Independence
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