Law Professional Ethics Pakistan Online Test 3 Mcqs
Law Professional Ethics Pakistan Online Test 3 Mcqs With Solved Answer
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The extent to which assets are "working," generating income for the organization is referred to as asset?
utilization.
income
generation
completion
Correct!
Wrong!
The totality of a firm's organization,including formal organization structure, control systems, incentive systems, organizational culture, and people is referred to as?
orporate culture
organization structure
organization architecture.
human capital
Correct!
Wrong!
A firm with efficient internal operations and unique strengths to support its low-cost position is likely operating on the?
efficiency frontier.
low-cost frontier
differentiation curve
low-cost cycle
Correct!
Wrong!
The production system of an organization refers to?
the people who make the product
how the flow of work is configured
how the organization trains its employees on production equipment.
the enterprise system software in use
Correct!
Wrong!
Which of the following actions does Wal- Mart take to lower its prices?
Wal-Mart invests in state-of-the-art information systems.
Wal-Mart uses distribution centers.
Sam Walton's stores are self-service.
Wal-Mart does all of the above to lower its prices
Correct!
Wrong!
The plan that human resource personnel might develop for hiring a sales force to sell a new product the division has developed is called a?
Operating Plan
Business level plan
Unit Plan
Operating strategy
Correct!
Wrong!
Large sales volume are called economies of?
location
scale
scope
density
Correct!
Wrong!
A unique strength that rivals lack is called a?
distinctive competency.
scope advantage.
horizontal advantage
legacy constraint
Correct!
Wrong!
The different activities involved in creating an organization's products and services are called?
creative endeavors.
capitalism.
operations.
productivity
Correct!
Wrong!
An informal channel through which managers can collect important information is called a?
information flow channel.
contact channel.
backchannel.
informational network
Correct!
Wrong!
Organizations with many layers of management are called?
tall.
wide
multi-layered.
narrow.
Correct!
Wrong!
Organization structure can be thought of in terms of three dimensions?
vertical differentiation, horizontal differentiation, integrating mechanisms.
vertical differentiation, horizontal differentiation, collaboration.
vertical coordination, horizontal coordination, integrating mechanisms.
vertical integration, horizontal integration, integrating mechanisms
Correct!
Wrong!
In a __________ structure the structure of the organization follows the obvious division of labor within the firm?
multidivisional
matrix
geographic
functional
Correct!
Wrong!
The strategy concerned with deciding which industries a firm should compete in and how the firm should enter or exit industries is a?
business-level strategy
strategic plan
operating strategy
corporate-level strategy.
Correct!
Wrong!
Which of the following is the likely outcome of managing operations efficiently and effectively?
The company will be unlikely to reach the efficiency frontier in their industry
Products will become more similar.
The company will likely reach the efficiency frontier in their industry.
Costs will go up
Correct!
Wrong!
In the case of a business enterprise, the major goals at the top of the organizational hierarchy
are?
revenue.
asset turnover.
expenses saved.
profitability
Correct!
Wrong!
For most business firms superior performance most likely means?
generating high profits and increa sing profits over time
providing flexible customer services
giving back to the community
having effective government relationships
Correct!
Wrong!
Plans that address unique events that do not reoccur are called?
standing plans
single-use plans
operating plans
strategic plans
Correct!
Wrong!
Vesting decision-making authority in lower-level managers or other employees is called?
decentralization.
centralization.
localization.
distributed authority
Correct!
Wrong!
Firms that use __________ production systems charge higher prices to recoup their costs?
continuous flow
job shop
large batch
assembly-line
Correct!
Wrong!
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HEC Law GAT Test 2024 Subject Wise Test |
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Professional Ethics Online Test |
| Test By Subject | Law |
| Test By Topics | Professional Ethics |
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