management quiz bowl
TRANSCRIPT
8/2/2019 Management Quiz Bowl
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TRUE OR FALSE
Recruitment determines the numbers and types of
employees to be recruited into the organization.
10 seconds
Answer: False. HR Planning
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IDENTIFICATION
It is the chance that some unfavorable event
will occur or that an investment will provide
a low or negative return.
10 seconds
Answer: Risk
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TRUE OR FALSE
In investment portfolios, it is better to have a
negative correlation among investments rather
than a positive correlation.
10 seconds
Answer: True
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MULTIPLE CHOICE
What concept proposes that consumers
favor products that offer the most quality,
performance, or innovative features?
a. Production Concept
b. Selling Concept
c. Product Conceptd. Marketing Concept
10 secondsAnswer: c. Product Concept
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IDENTIFICATION
What do you call two or more individuals,
interacting and interdependent, who have
come together to achieve particularobjectives?
10 seconds
Answer: A group
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IDENTIFICATION
These are the means by which firms attempt
to inform, persuade and remind consumers
– directly or indirectly – about the productsand brands they sell.
10 seconds
Answer: Marketing Communications
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TRUE OR FALSE
Broadcasting is the method for predicting how
variables will change the future.
10 seconds
Answer: False. Forecasting
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IDENTIFICATION
It refers to how stable or repeatable a
measurement is over a variety of testing
condition.
10 seconds
Answer: Reliability
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IDENTIFICATION
It presents the relationship among
departments and units of the firm.
10 seconds
Answer: Organizational Chart
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MULTIPLE CHOICE
What is the rate of return on the 1-year stock
investment of P1,000.00, when P1,100 is received
after one year?
a. 5%b. 10%
c. 15%
d. 20%
10 secondsAnswer: b.
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IDENTIFICATION
What is the field of study that investigates
the impact that individuals, groups, and
structure have on behavior within
organizations, for the purpose of applying
such knowledge toward improving an
organization’s effectiveness?
10 seconds
Answer: Organizational Behavior (OB)
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TRUE OR FALSE
Consumer behavior is the study of how
individuals, groups, and organizations select, buy,
use, and dispose of goods, services, ideas, or
experiences to satisfy their needs and wants.
10 seconds
Answer: True
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TRUE OR FALSE
A firm’s HRM activity is the pattern or plan that
integrates the major objectives, policies, and
procedures into a cohesive whole.
10 seconds
Answer: True
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MULTIPLE CHOICE
The management function of monitoring
performance and making needed changes.
a. controlling
b. planning
c. leading
d. organizing
10 secondsAnswer: a. controlling
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TRUE OR FALSE
. Smoothing is creating supplies of excess resources
in case of unpredictable needs.
10 seconds
Answer: False. Buffering
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TRUE OR FALSE
A dream is a target or end that management
desires to reach.
10 seconds
Answer: False. Goal
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TRUE OR FALSE
Leniency occurs when a rater assigns ratings on
several dimensions of performance based on an
overall, several impression of the rate.
10 seconds
Answer: False. Halo error
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MULTIPLE CHOICE
It consists of the whole cluster of benefits
the company provides to deliver; it is more
than the core positioning of the offering.
a. Value proposition
b. Total customer benefit
c. Value delivery systemd. Company-perceived value
10 secondsAnswer: a. Value Proposition
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TRUE OR FALSE
To reduce risk, one should invest in only one
industry.
10 seconds
Answer: False
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MULTIPLE CHOICE
It is the marketer’s vision of what the brand
must be and do for consumers.
a. Branding
b. Brand equity
c. Brand promise
d. Customer-based brand equity
10 secondsAnswer: c. Brand promise
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MULTIPLE CHOICE
A purposeful, systematic process for
collecting information on the important
work-related aspects of a job.
a. Job Description
b. Job Specification
c. Job Familyd. Job Analysis
10 secondsAnswer: d. Job Analysis
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MULTIPLE CHOICE
Giving an employee a 2-day suspension from
work without pay for showing up drunk is an
example of ___________.
a. Positive Reinforcement
b. Negative Reinforcement
c. Punishment
d. Extinctione. None of the above
10 secondsAnswer: c. Punishment
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IDENTIFICATION
It is also called multilevel selling and
network marketing which is a multi-dollar
industry, with hundreds of companies
selling door-to-door or at home sales
parties.
10 seconds
Answer: Direct Selling
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MULTIPLE CHOICE
The management function of systematically
making decisions about the goals and activities
that an individual, a group, a work unit, or the
overall organization will pursue.a. controlling
b. planning
c. leadingd. organizing
10 secondsAnswer: b. planning
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IDENTIFICATION
It refers to how well the product or service
is brought to the customer.
10 seconds
Answer: Delivery
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MULTIPLE CHOICE
The management function of assembling and
coordinating human, financial, physical,
informational, and other resources needed to
achieve goals.a. controlling
b. planning
c. leadingd. organizing
10 secondsAnswer: d. organizing
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MULTIPLE CHOICE
The management function that involves the
manager’s efforts to stimulate high performance
by employees.
a. controllingb. planning
c. leading
d. organizing
10 secondsAnswer: c. leading
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IDENTIFICATION
It is the process of working with people and
resources to accomplish organizational
goals.
10 seconds
Answer: Management
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IDENTIFICATION
The monetary amount associated with how
well a job, task, good, or service meets
users’ needs.
10 seconds
Answer: Value
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TRUE OR FALSE
Treasury bonds are risk free or have no default
risk.
10 seconds
Answer: True
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TRUE OR FALSE
Position defense is a defense strategy wherein the
leader stretches its domain over new territories
that can serve as future centers for defense and
offense through market broadening and marketdiversification.
20 seconds
Answer: False. Mobile Defense
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MULTIPLE CHOICE
Keeping costs low to achieve profits and be able
to offer prices that are attractive to consumers.
a. cost efficiency
b. cost competitiveness
c. expense reduction method
d. profit maximization
20 seconds
Answer: b. Cost competitiveness
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MULTIPLE CHOICE
What kind of marketing research firms are hired to
carry out specific projects. They also design the
study and report the findings.
a. Syndicated-service research firmsb. Custom marketing research firms
c. Specialty-time research firms
d. Custom-service research firms
20 secondsAnswer: b.
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TRUE OR FALSE
Pure bundling occurs when a firm offers its
products only as a bundle.
20 seconds
Answer: True
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IDENTIFICATION
It is a list of names, characteristics, and
skills of the people working for the
organization.
20 seconds
Answer: Skills Inventory
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MULTIPLE CHOICE
If XYZ can borrow at an interest rate of 10
percent, and if it has a marginal tax-rate of 40
percent, then what is its after-tax cost of debt or its
cost of capital?a. 6%
b. 7%
c. 8%
d. 9%
30 secondsAnswer: a. 6%
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TRUE OR FALSE
Workforce diversity means that organizations are
becoming a more homogeneous mix of people in
terms of gender, age, race, ethnicity, and sexual
orientation.
20 seconds
Answer: False. More heterogeneous.
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MULTIPLE CHOICE
It is a type of team, wherein employees from the same
department meet in order to discuss ways of improving
quality, efficiency, and the work environment.
a. Problem-solving Team
b. Self-managed Work Team
c. Cross-functional Team
d. Virtual Teame. None of the above
20 secondsAnswer: a.
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IDENTIFICATION
measures of various characteristics of the
people who make up groups or other social
units.
20 seconds
Answer: Demographics
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TRUE OR FALSE
In organizational structure, it is organic when
there is high centralization and extensive work
specialization, and is mechanistic when it is
decentralized and has low specialization.
20 seconds
Answer: False.
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MULTIPLE CHOICE
It is a situation in which the parties to a conflict
each desire to satisfy fully the concerns of all
parties.
a. Collaboratingb. Accommodating
c. Compromising
d. Avoidinge. None of the above
20 secondsAnswer: a.
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TRUE OR FALSE
Money markets are the markets in which funds are
borrowed or loaned for short periods. While
futures markets are markets for stocks and for
intermediate or long-term debt.
20 seconds
Answer: False
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MULTIPLE CHOICE
Which of the following is a role of a line manager?
a. Supports the primary functions of the
organization
b. Provides advice, counsel, and information to theorganization
c. Make final decisions concerning their operation
d. None of the above
20 secondsAnswer: c.
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MULTIPLE CHOICE
The following are the main reasons for Human
Resource Planning except:
a. More effective and efficient use of human
resourceb. More satisfied and better employees
c. More effective training and development
d. More effective equal employment opportunityplanning
20 secondsAnswer: c.
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TRUE OR FALSE
Points-of-Difference are associations that are not
necessarily unique to the brand but may in fact be
shared with other brands.
20 seconds
Answer: False. Points-of-Parity
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MULTIPLE CHOICE
If you deposit P10,000.00 in a bank account that
pays 10% interest annually, how much money will
be in your account after 5 years?
a. 14,641.00b. 15,380.50
c. 16,105.10
d. 17,280.25
30 secondsAnswer: c.
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IDENTIFICATION
It occurs when a company sells a product or
service at two or more prices that do not
reflect a proportional difference in costs.
20 seconds
Answer: Price Discrimination
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MULTIPLE CHOICE
P1,000.00 discounted back for 2 years at 4 percent
is ________.
a. 1,081.60b. 1,040.00
c. 961.54
d. 924.56
30 secondsAnswer: d.
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TRUE OR FALSE
In a push strategy the manufactures uses
advertising, promotion and other forms of
communication to persuade consumers to demand
the product form intermediaries, thus inducing theintermediaries to order it.
20 seconds
Answer: False. Pull Strategy
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IDENTIFICATION
It is generated when one channel member’s
actions prevent another channel from
achieving its goal.
20 seconds
Answer: Channel Conflict