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Summary MNG2601 Assignment Answers 2023

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According to the _____ also known as the 80/20 rule, 80 per cent of the output from a
given situation or system is determined by 20 per cent of the input.


a.
input-output analysis

b.
ends-means analysis

c.
Pareto principle

d.
A-B-C priority principle




_____ are sub-roles under the ______ managerial role of managers.


a.
Disseminator, leader and entrepreneur; interpersonal

b.
Figurehead, spokesperson and monitor; information

c.
Figurehead, leader and liaison; interpersonal

d.
Disseminator, negotiator and monitor; decision-making


_____ of an organisation are the people or groups of people that have, or claim
ownership, rights, or interests in an organisation and its activities, past, present, or
future.


a.
Interest groups

b.
Stakeholders

c.
Suppliers

,d.
Shareholders


The first question to answer in an ethical decision-making process is:


a.
Is it fair to all stakeholders?

b.
Can it be disclosed?

c.
Is it legal?

d.
Does it meet the business’ standards?


_____ skills are the application of education, training and experience to organise a task,
job or project.


a.
Creative

b.
Teambuilding

c.
Technical

d.
Communication


The structuring of an organisation into a hierarchy, where the organisation and its
members are governed by clearly defined rational decision-making rules is known as
_____ management.


a.
systems

b.
administrative management

,c.
total quality

d.
bureaucratic




The structuring of an organisation into a hierarchy, where the organisation and its
members are governed by clearly defined rational decision-making rules is known as
_____ management.


a.
systems

b.
administrative management

c.
total quality

d.
bureaucratic


_____ is based on four pillars, namely the systems approach, a customer focus, people
involvement and a process of continuous improvement.


a.
Contingency management

b.
Quantitative management

c.
Total Quality Management

d.
The systems approach to management


Responsible management is the management of an organisation build on the
principles of (i) _____; (ii) _____ and (iii) _____.

, a.
(i) productivity; (ii) synergy; (iii) profitability

b.
(i) profitability; (ii) return on equity; (iii) corporate governance

c.
(i) sustainability; (ii) responsibility; (iii) ethics

d.
(i) quality; (ii) quantity; (iii) customers




The _____ principle of responsible management focus on stakeholder engagement with
the aim to optimise stakeholder value.


a.
ethics

b.
responsibility

c.
profitability

d.
sustainability


Which one of the following is an example of the informal management of business
ethics?


a.
Training in ethical matters

b.
Vision, mission and value statements

c.
Reporting, advice and communication channels

d.

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Uploaded on
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File latest updated on
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Number of pages
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Written in
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SUMMARY

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