mgt503 mid term solve paper 2011

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[size=14]full solve paper in attachment [/SIZE]


Question No: 15 ( Marks: 1 ) - Please choose one
Most of the time lower level management of organizations have to deal with problems which are:
► Satisficing
► Well-structured
► Non-programmed
► Ill-structured
Question No: 16 ( Marks: 1 ) - Please choose one
Many decisions fail after the final choice because of the occurrence of which of the following?
► Decision criteria weights were incorrect
► People affected failed to accept the solution
► Satisficing occurred
► Choice was wrong
Question No: 17 ( Marks: 1 ) - Please choose one
When an organization encounters a serious problem which needs to be solved immediately, it is
called:
► Crisis problem
► Non- Crisis problem
► Opportunity problem
► Financial Problem
Question No: 18 ( Marks: 1 ) - Please choose one
As managers move toward the organizational hierarchy, problems are more likely to become which
of the following?
► Well-structured
► Ill-structured
► Programmed
► Non-programmed
Question No: 19 ( Marks: 1 ) - Please choose one
Usman authorized an additional $100,000 for the production of the new product. The cost of the
new product seems to be increased far beyond what was planned or even forecasted. However,
Usman continues to support the project. He is engaged in which of the following?
► Availability heuristic
► Representative heuristic
► Escalation of commitment
► Optimal decision making
Question No: 20 ( Marks: 1 ) - Please choose one
Which of the following refers to the concentration of decision authority at the top levels of the
organizational hierarchy?
► Decentralization
► Departmentalization
► Centralization
► Formalization
Question No: 21 ( Marks: 1 ) - Please choose one
In which of the following conditions forecasting is considered to be the most accurate?
► Try to predict non-seasonal events
► Complex forecasting methods are used
► The environment is rapidly changing