Management Notes

Management Notes

Reference Notes for Management

BS1

What does consensus refer to in attribution theory?

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What does consensus refer to in attribution theory?

What does consensus refer to in attribution theory?

 Options:

A. there is general agreement about a perception.
B. different people respond the same way in the same situation.
C. there is general agreement about how people desire to respond to the same situation.
D. different people perceive a situation similarly.

The Correct Answer Is:

B. different people respond the same way in the same situation.

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That the division of labor is limited by the size of the market best applies to which explanation of trade:

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That the division of labor is limited by the size of the market best applies to which explanation of trade:

That the division of labor is limited by the size of the market best applies to which explanation of trade:

 Options:

a. Factor endowment theory
b. Product life cycle theory
c. Economies of scale theory
d. Overlapping demand theory

The Correct Answer Is:

c. Economies of scale theory

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In autarky when a community maximizes its standard of living its production point is:

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In autarky when a community maximizes its standard of living its production point is:

In autarky when a community maximizes its standard of living its production point is:

 Options:

a. below the production possibility frontier.
b. on the production possibility frontier.
c. above the production possibility frontier.
d. can’t tell without more information.

The Correct Answer Is:

b. on the production possibility frontier.

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If a country has a linear (downward sloping) production possibilities frontier, then production is said to be subject to:

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If a country has a linear (downward sloping) production possibilities frontier, then production is said to be subject to:

If a country has a linear (downward sloping) production possibilities frontier, then production is said to be subject to:

 Options:

a. constant opportunity costs.
b. decreasing opportunity costs.
c. first increasing and then decreasing opportunity costs.
d. increasing opportunity costs.

The Correct Answer Is:

a. constant opportunity costs.

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The most recent wave of globalization, which began in the 1980s, has emphasized the outsourcing of:

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The most recent wave of globalization, which began in the 1980s, has emphasized the outsourcing of:

The most recent wave of globalization, which began in the 1980s, has emphasized the outsourcing of:

 Options:

a. services and white-collar jobs
b. manufacturing and blue-collar jobs
c. natural resource extraction and mining jobs
d. agriculture and farming jobs

The Correct Answer Is:

a. services and white-collar jobs

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A main advantage of specialization results from:

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A main advantage of specialization results from:

A main advantage of specialization results from:

 Options:

a. Economics of large scale production
b. The specializing country behaving as a monopoly
c. Smaller production runs resulting in lower unit costs.
d. High wages paid to foreign workers

The Correct Answer Is:

a. Economics of large scale production

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The type of diversification in which the company adds complementary to the existing product or service line is ______________.

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The type of diversification in which the company adds complementary to the existing product or service line is ______________.

The type of diversification in which the company adds complementary to the existing product or service line is ______________.

 Options:

A. conglomerate diversification.
B. horizontal integration.
C. vertical integration.
D. concentric integration.

The Correct Answer Is:

C. vertical integration.

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The term ______________ denotes bonus or financial aid which is given by a government to an industry to help it compete with other units

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The term ______________ denotes bonus or financial aid which is given by a government to an industry to help it compete with other units

The term ______________ denotes bonus or financial aid which is given by a government to an industry to help it compete with other units

 Options:

A. Incentive.
B. Subsidy.
C. Concession
D. Bounty.

The Correct Answer Is:

D. Bounty.

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______________ can be defined as a specifically evolved work plan densed to achieve a specific objective within a specific period of time

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______________ can be defined as a specifically evolved work plan densed to achieve a specific objective within a specific period of time

______________ can be defined as a specifically evolved work plan densed to achieve a specific objective within a specific period of time

 Options:

A. Idea generation.
B. Opportunity Scanning.
C. Strategy
D. Project.

The Correct Answer Is:

D. Project.

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The content of the final report typically includes the following topics ______________.

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The content of the final report typically includes the following topics ______________.

The content of the final report typically includes the following topics ______________.

 Options:

A. Executive summary
B. review and analysis
C. recommendations
D. If all the above are correct.

The Correct Answer Is:

D. If all the above are correct.

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The policy which stressed the role of cottage and small-scale industries for balanced industrial development of the country is ______________.

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The policy which stressed the role of cottage and small-scale industries for balanced industrial development of the country is ______________.

The policy which stressed the role of cottage and small-scale industries for balanced industrial development of the country is ______________.

 Options:

A. IPR 1940.
B. IPR 1948.
C. IPR 1956.
D. IPR 1977.

The Correct Answer Is:

B. IPR 1948.

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