This set of MCQ(multiple choice questions) focuses on the Principles of Management NPTEL Week 3 Assignment Solutions.
Course Layout
- Week 1: Assignment Solution
- Week 2: Assignment Solution
- Week 3: Assignment Solution
- Week 4: Assignment Solution
- Week 5: Assignment Solution
- Week 6: Assignment Solution
- Week 7: Assignment Solution
- Week 8: Assignment Solution
- Week 9: Assignment Solution
- Week 10: Assignment Solution
- Week 11: Assignment Solution
- Week 12: Assignment Solution
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Principles of Management NPTEL Week 3 Assignment Solutions
Q1. Reputation, goodwill, and brand value can be classified as which resource:
a) Human resource
b) Tangible resource
c) Intangible resource
d) Competitive resource
Answer: c) Intangible resource
Q2. Standing plans stands for:
a) One time plan specifically designed to meet the needs of a unique situation.
b) Plans with clearly defined objectives with no scope for ambiguity and misunderstanding.
c) Ongoing plans that provide guidelines for activities performed repetitively including rules, policies and procedures.
d) Plans with a timeframe less than a year, yet organizations can use any timeframe they seem appropriate.
Answer: c)
Q3. In the process of strategic management, which are three main types of strategies that are included by managers while formulating strategies:
(i) Functional strategy (ii) Concentration strategy (iii) Corporate strategy (iv) Competitive strategy
a) iii-ii-iv
b) iii-ii-i
c) ii-i-iv
d) iii-i-iv
Answer: d) iii-i-iv
Q4. Arrange the planning process in a sequential order:
(i) implementing the plans (ii) identifying alternative courses of actions (iii) follow up actions (iv) setting the objectives (v) developing planning premises
a) iii-ii-iv-i-v
b) iv-ii-iii-i-v
c) iv-v-ii-i-iii
d) iv-v-i-ii-iii
Answer: c) iv-v-ii-i-iii
Q5. In the process of planning, which of the following example encompasses the idea of “Identifying alternative courses of action”:
a) Nokia company has an objective of 2 lacs units’ sale on the basis of forecast
b) Nokia will evaluate all the alternatives and checks its pros and cons
c) Nokia selects more TV commercials and online marketing with after sales service
d) Nokia may have other alternatives like reducing price, increasing advertising and promotion, and after sales support
Answer: d)
Q6. Tata group has been growing with the value system of JRD with the ethical values set by the founders which the group has still been adopting. What kinds of organizational assets are at play in this example:
a) Physical assets
b) Tangible assets
c) Intangible assets
d) Corporate assets
Answer: c) Intangible assets
Q7. When an organization remains in its primary business by increasing the number of products or adding more variety in their primary product line, it is referred to as which strategy:
a) Growth strategy
b) Concentration strategy
c) Renewal strategy
d) Turnaround strategy
Answer: a) Growth strategy
Q8. A general plan outlining decisions about resource allocation, priorities and action steps necessary to reach the goals is:
a) Long-term plan
b) Tactical plan
c) Strategic plan
d) Short-term plan
Answer: c) Strategic plan
Q9. A ______________ is anything that a firm has or has learnt to do that enables it to conceive and implement strategies that improve its efficiency and effectiveness.
a) Competition
b) Collective competency
c) Resources
d) Expertise
Answer: c) Resources
Q10. Which is the flexible plan that provide focused guidelines but does not bind managers into specific goals or actions:
a) Specific plan
b) Tactical plan
c) Operational plan
d) Directional plan
Answer: d) Directional plan
Previous Year – Principles of Management NPTEL Week 3 Assignment Solutions
Q1. Which is considered as the key to success for every manager as they are responsible for ascertaining the decisions made are as per defined objectives?
a) Man power planning
b) Human resource development
c) Decision making
d) Management by objective
Answer: c) Decision making
Q2. Which type of decisions we find that choices are directly related to the achievement of common goals having long term effect on organisations?
a) Tactical decisions
b) Operational decisions
c) Strategic decisions
d) All of these
Answer: c) Strategic decisions
Q3. How many types of decision-making models have you generally found in the lecture?
a) Three
b) Four
c) Five
d) Six
Answer: b) Four
Q4. Who has shown that human beings go through three essential stages in the act of solving problems?
a) K. Aswathappa
b) D.K. Bhattacharyya
c) A.F. Stoner
d) H. Simon
Answer: d) H. Simon
Q5. ‘The right side of human brain is believed to have logic, language, math and analysis. Decision tends to be rational and fact based in case right side of the managers/decision makers is more dominant’. State whether the statement is true or false.
a) True
b) False
Answer: a) True
Q6. How many styles of decision making have been classified by Lombardo, J. and Scalia, S.?
a) Three
b) Four
c) Five
d) Six
Answer: b) Four
Q7. Which is referred to the process of evaluating and choosing among alternatives in a manner consistent with ethical principles?
a) Ethical decision making
b) Tactical decision making
c) Operational decision making
d) Strategic decision making
Answer: a) Ethical decision making
Q8. Which of the following is NOT one of the barriers of decision making?
a) Compromised decision
b) Biased decision
c) Limited analysis
d) Controllable environment factor
Answer: d) Controllable environment factor
Q9. In this stage of group development ultimately, the group terminates when the group is unable to satisfy the needs of members within the boundaries that it had set for itself. Members look to other groups to satisfy their needs. The group’s existence becomes redundant and it fades away. What is this stage called?
a) Performing
b) Adjourning
c) Storming
d) Norming
Answer: b) Adjourning
Q10. In this group decision making process, managers have role to make group participate into the process of implementing group decisions in order to attain the organisational goals. What is this process called?
a) Information gathering and analysis of the facts required to solve the problem
b) Choosing the best decision from the alternatives available
c) Implementing the decision
d) Communicating the decision
Answer: c) Implementing the decision
Previous Course – Week 3 Assignment Solutions
Q1. A general plan outlining decisions about resource allocation, priorities and action steps necessary to reach the goals is:
a) Long-term plan
b) Tactical plan
c) Strategic plan
d) Short-term plan
Answer: c) Strategic plan
Q2. Which is the flexible plan that provide focused guidelines but does not bind managers into specific goals or actions:
a) Specific plan
b) Tactical plan
c) Operational plan
d) Directional plan
Answer: d) Directional plan
Q3. What refers to set of rules, beliefs, behaviours, customs, and attitudes that helps members understand what organization stands for, how it does things, and what it considers important:
a) Internal environment
b) Work environment
c) Corporate culture
d) External environment
Answer: c) Corporate culture
Q4. Which of the following is not a task/specific environment of external business environment:
a) Competitors
b) Legal-political dimensions
c) Suppliers
d) Customers
Answer: b) Legal-political dimensions
Q5. In a business environment, the process of identifying opportunities and threats facing an organization is:
a) Environmental appraisal
b) ETOP analysis
c) PESTLE analysis
d) Industry appraisal
Answer: a) Environmental appraisal
Q6. A ______________ is anything that a firm has or has learnt to do that enables it to conceive and implement strategies that improve its efficiency and effectiveness:
a) Competition
b) Collective competency
c) Resources
d) Expertise
Answer: c) Resources
Q7. The level of strategy which describes the company’s overall direction in terms of its various business-units, product lines and define its long-term objectives is:
a) Functional strategy
b) Operational strategy
c) Business strategy
d) Corporate strategy
Answer: d) Corporate strategy
Q8. Retrenchment and turnaround are types of which strategy
a) Growth strategy
b) Renewal strategy
c) Stability strategy
d) Operational strategy
Answer: b) Renewal strategy
Q9. ______________ strategy is a strategy that is followed when the firm is incurring huge loss, and the cause of such loss cannot be asserted for certain.
a) Renewal strategy
b) Turnaround strategy
c) Corporate strategy
d) Competitive strategy
Answer: b) Turnaround strategy
Q10. Differentiation, cost leadership, and focus are types of _________ strategy.
a) Renewal strategy
b) Functional strategy
c) Competitive strategy
d) Corporate strategy
Answer: c) Competitive strategy
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