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scan0004 - 11 Which of the following requires owners to...

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Unformatted text preview: 11. Which of the following requires owners to perform many functions and possess diverse skills to make decisions? A) corporation B) partnership /@ sole proprietorship D) cooperative E) holding company 12. When McDonald's decided to add breakfast to its hours of operation in order to increase its customers, this was an attempt to improve the organization's: QR) effectiveness (1:) planning ) leading strategy D) efficiency E) none of the above 13. The idea that managers who stay with the organization for many years develop skills on the job which can help the organization to become more efficient is consistent with Fayol's principle of: A) equity. B) order. C) initiative. D) discipline. ® stability of tenure. 14. A manager who makes a product which customers want to buy but attempts to sell it at a price that is higher that the one they are willing to pay is said to have: A) low efficiency/low effectiveness. B) high efficiency/high effectiveness. low efficiency/high effectiveness. 1‘ I high efficiency/low effectiveness. ) none of the above. 15. A manager who chooses the wrong goals for the organization and makes poor use of the organization's resources in pursuing these goals is said to have: A) low efficiency/high effectiveness. B) high efficiency/high effectiveness. / © low efficiency/low effectiveness. D) high efficiency/low effectiveness. E) none of the above. ...
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