Management Science Quiz 06

The most accurate statement regarding long-range planning is that

Strategies follow objectives

Objectives precede planning staff

Resource requirements precede program activities.

Execution follow control

Advantage of MBO is that

A worker's job tasks become more clarified

Self-evaluation and self-control are emphasized more than before.

Appraisals are now based on results

Workers may adhere rapidly to establish goals

The participation rate of large firms (Fortune 's 500 largest U.S .Corporations )in MBO systems has been

None of them have tried it

About 15 percent

All of them have tried it

About 70 percent

The best statement of a goal is

Increase our sales by 22 percent

Change our method of assembly by march 29

Reduce the scrap rate 45% before year end

Do a better job than we did previously

What is the typical time horizon for long-range plans for most organization

5 years

3 to 6 months

10 years

12 months

The decision to locate new plants within a certain distance from the major market area constitutes a

Production policy

Sale policy

Personnel policy

Finance policy

A decision to restrict the distribution of sugar, Vanaspati etc. Before a week to the budget presentation in the Parliament constitutes a

Sales policy

Personnel policy

Production policy

Finance policy

The proper sequence of MBO activities is

Define the job, set objectives, evaluate performance, and implement the program.

Set objectives, evaluate performance, implement the program

Implement the program, define the job, set objectives, evaluate performance

Evaluate performance, define the job, set objectives, implement the program

The decision to promote the sale of service contrasts with T.V .sales to ensure that customers maintain the T.V properly is an example of

None of these

Originated policy

Appealed policy

Imposed policy

A policy a paying 8.33% of the pay as bonus to employees every years that is formulated because of "Payment of Bonus Act" is an example of