Principles and Practices of Management

341. What is a social enterprise concerned with?

  1. Profit maximisation
  2. Maximising market share
  3. Providing public service
  4. Running a business to create social benefits

Correct answer: (D)
Running a business to create social benefits

342. What is a strategic alliance?

  1. Any form of partnership between one firm and another
  2. Formal agreement committing two or more firms to exchange resources to produce products or services
  3. Formal agreement to share profits from a shared investment
  4. Formal agreement to share knowledge

Correct answer: (B)
Formal agreement committing two or more firms to exchange resources to produce products or services

343. What is a succession plan?

  1. Dismissing an employee for a more favourable employee
  2. A formal process of planning to fill a role that will become vacant
  3. A vote of no confidence in a board member
  4. The formal process of acquiring a new staff member

Correct answer: (B)
A formal process of planning to fill a role that will become vacant

344. What is a virtual organisation?

  1. An organisation that uses information and communications technologies (ICT's) to coordinate activities without physical boundaries between different functions
  2. An organisation that uses internet technologies to sell products to customers
  3. An organisation that manages the supply chain using digital technologies
  4. An organisation that coordinates the workforce via video conferencing

Correct answer: (A)
An organisation that uses information and communications technologies (ICT's) to coordinate activities without physical boundaries between different functions

345. What is a whistleblower?

  1. Someone who reports illegal or unethical acts
  2. Someone who commits illegal or unethical acts
  3. Someone who benefits from illegal or unethical acts
  4. Someone who devises illegal or unethical acts

Correct answer: (A)
Someone who reports illegal or unethical acts

346. What is another name for contingency planning?

  1. Synergy planning
  2. Ad hoc planning
  3. Business level planning
  4. Scenario planning

Correct answer: (D)
Scenario planning

347. What is characteristic for the location of a virtual team?

  1. In the same building
  2. In the same industry
  3. In the same country
  4. remotely

Correct answer: (D)
remotely

348. What is Frank Gilbreth`s work most noted for?

  1. Working conditions
  2. Time and motion studies
  3. Work psychology
  4. Work as a social setting

Correct answer: (B)
Time and motion studies

349. What is intuitive decision making based on?

  1. Guesswork
  2. Gambling
  3. Instinct
  4. Rationality

Correct answer: (C)
Instinct

350. What is IS?

  1. Intelligent strategy
  2. Internal services
  3. International sales
  4. Information systems

Correct answer: (D)
Information systems

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