21958830
Description
Quiz by MAK BOOK STORE, updated more than 1 year ago
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Created by MAK BOOK STORE
about 4 years ago
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Question 1
Question
Which combination of demand and supply curves would be appropriate for a firm attempting to increase
its profits by increasing its market share?
Answer
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Inelastic demand, inelastic supply
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Elastic demand, elastic supply
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Inelastic demand, elastic supply
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Elastic demand, inelastic supply
Question 2
Question
If the absolute value of the price elasticity of demand for dry white wine is greater than one, a decrease
in the price of all wine would result in:
Answer
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A more than proportional decrease in the quantity of dry white wine purchased
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A less than proportional decrease in the quantity of dry white wine purchased
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A less than proportional increase in the quantity of dry white wine purchased
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A more than proportional increase in the quantity of dry white wine purchased (2 marks)
Question 3
Question
The following, with one exception, are 'protectionist measures' in international trade. Which is the
exception?
Answer
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Import quotas
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Subsidies for exporters
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Customs procedures
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Tariffs
Question 4
Question
William Ouchi identified three types of control.
Which of the following is not one of those?
Answer
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Bureaucratic control
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Market control
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Output control
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Clan control
Question 5
Question
BZ Ness Ltd is an organisation with a strongly traditional outlook. It is structured and managed
according to classical principles: specialisation, the scalar chain of command, unity of command and
direction. Personnel tend to focus on their own distinct tasks, which are strictly defined and directed.
Communication is vertical, rather than lateral. Discipline is much prized and enshrined in the rule book
of the company.
From the scenario, what sort of culture does BZ Ness Ltd have, using Harrison's classifications?
Answer
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Role culture
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Task culture
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Existential culture
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Power culture
Question 6
Question
Which of the following principles of classical management is challenged by matrix management?
Answer
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Structuring the organisation on functional lines
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Structuring the organisation on geographical lines
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Unity of command
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Decentralisation of decision-making
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