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1. Which of the following words is NOT a step in
the management process?
(A) Planning
(B) Leading
(C) Producing
(D) Controlling
(E) Organizing - -Producing
-2. A homebuilder dominates a market by offering
attractive options, higher quality, and
value-added services. Which of the following
competitive strategies has the homebuilder
adopted?
(A) Cost leadership
(B) Differentiation
(C) Price leadership
(D) Generic
(E) Design focus - -Differentiation
-3. Which of the following is a correct statement
about controlling as a management function?
(A) It can be performed independently of
planning.
(B) It is performed only by the controller of
an organization.
(C) It is more prevalent in business than
in government.
(D) It assumes a certain approach to
motivating employees.
(E) It must be closely related to planning in
order to work efficiently. - -It must be closely related to planning in
order to work efficiently.
-4. Decentralization tends to be encouraged by
which of the following business trends?
I. Product diversification
II. Telecommuting
III. Geographical expansion of operations
(A) I only
(B) II only
(C) III only
(D) I and III only
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