MGT103 FULLQuestions with Detailed Verified
Answers
1) A _____ is the most general form of standing plan that specifies the organization's
general response to a designated problem or situation.
A) project
B) standard operating procedure
C) policy
D) program
E) single-use plan Ans:-> c
1) The narrowest of the standing plans, _____ describe exactly how specific activities
are to be carried out.
A) standard operating procedures
B) projects and programs
C) rules and regulations
D) contingency theories
E) crisis management procedures Ans:-> c
1) Venus Corp. prohibits its employees from smoking in its premises. This is an
example of a(n):
,A) standard operating procedure
B) rule
C) program
D) entropy
E) project Ans:-> b
1) Relish has a chain of outlets that sells baked products. Relish requires all its
employees to complete a month's training before they could work in the kitchen. This
is an example of a:
A) standard operating procedure.
B) contingency plan.
C) regulation
D) policy.
E) standing plans. Ans:-> c
1) Libra Travels LLC. has a few back-up buses at key locations where the business
operates. This is to be prepared in case any of its day-tour buses break down. This is
an example of a:
A) project.
B) program.
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,C) regulation.
D) single-use plan.
E) contingency plan. Ans:-> e
1) The process of choosing one alternative from among a set of alternatives is called
_____.
A) rational ignorance
B) altruism
C) bounded rationality
D) decision making
E) groupthink Ans:-> d
1) Which of the following statements is true about the decision-making process?
A) It exclusively applies to problem situations.
B) It requires that the nature of a particular situation be defined.
C) It seldom applies to situations that are positive
. D) It typically involves only one individual and seldom applies to groups.
E) It results in the generation of only one alternative. Ans:-> b
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, 1) Ryan, the production manager at the Tan Shoes Company, chose the cheapest
leather-cutting machine from a set of five machines from different manufacturers. Ryan
was engaged in _____.
A) decision making
B) optimizing
C) rationalizing
D) brainstorming
E) social loafing Ans:-> a
1) Which of the following statements is true about the process of decision making?
A) It ends when the decision situation has been defined.
B) It includes putting the chosen alternative to practice.
C) The first step in the process is to identify alternatives to a problem.
D) The process is said to be complete when a set of alternatives to a problem has
been created.
E) In a business scenario, the decision-making process is always aimed at finding a way
to increase profits. Ans:-> b
1) A(n) _____ decision is a decision that is relatively structured or recurs with some
frequency (or both).
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Answers
1) A _____ is the most general form of standing plan that specifies the organization's
general response to a designated problem or situation.
A) project
B) standard operating procedure
C) policy
D) program
E) single-use plan Ans:-> c
1) The narrowest of the standing plans, _____ describe exactly how specific activities
are to be carried out.
A) standard operating procedures
B) projects and programs
C) rules and regulations
D) contingency theories
E) crisis management procedures Ans:-> c
1) Venus Corp. prohibits its employees from smoking in its premises. This is an
example of a(n):
,A) standard operating procedure
B) rule
C) program
D) entropy
E) project Ans:-> b
1) Relish has a chain of outlets that sells baked products. Relish requires all its
employees to complete a month's training before they could work in the kitchen. This
is an example of a:
A) standard operating procedure.
B) contingency plan.
C) regulation
D) policy.
E) standing plans. Ans:-> c
1) Libra Travels LLC. has a few back-up buses at key locations where the business
operates. This is to be prepared in case any of its day-tour buses break down. This is
an example of a:
A) project.
B) program.
© Get it right 2025 Getaway - Stuvia US All rights reserved
,C) regulation.
D) single-use plan.
E) contingency plan. Ans:-> e
1) The process of choosing one alternative from among a set of alternatives is called
_____.
A) rational ignorance
B) altruism
C) bounded rationality
D) decision making
E) groupthink Ans:-> d
1) Which of the following statements is true about the decision-making process?
A) It exclusively applies to problem situations.
B) It requires that the nature of a particular situation be defined.
C) It seldom applies to situations that are positive
. D) It typically involves only one individual and seldom applies to groups.
E) It results in the generation of only one alternative. Ans:-> b
© Get it right 2025 Getaway - Stuvia US All rights reserved
, 1) Ryan, the production manager at the Tan Shoes Company, chose the cheapest
leather-cutting machine from a set of five machines from different manufacturers. Ryan
was engaged in _____.
A) decision making
B) optimizing
C) rationalizing
D) brainstorming
E) social loafing Ans:-> a
1) Which of the following statements is true about the process of decision making?
A) It ends when the decision situation has been defined.
B) It includes putting the chosen alternative to practice.
C) The first step in the process is to identify alternatives to a problem.
D) The process is said to be complete when a set of alternatives to a problem has
been created.
E) In a business scenario, the decision-making process is always aimed at finding a way
to increase profits. Ans:-> b
1) A(n) _____ decision is a decision that is relatively structured or recurs with some
frequency (or both).
© Get it right 2025 Getaway - Stuvia US All rights reserved
