Question 1

What refers to combination in one organization of successive stages of production; each stage of production uses as its inputs the production of the preceding stage and produces inputs for the following stage?

Accepted Answer

A)  reconciling technology 
B)  chain of support technology 
C)  long-linked technology 
D)  shackling technology

Question 2

The process of analyzing and identifying the need for and availability of human resources so that the organization can meet its objectives is called:

Accepted Answer

A)  Human Resource Planning 
B)  Human Resource Organizing 
C)  Human Resource Structuring 
D)  Human Resource Designing

Question 3

_______________ is conducted to test the degree to which the total profit grows or shrinks if one or more of the factors in increased or decreased.

Accepted Answer

A)  Change Analysis 
B)  Decision Analysis 
C)  Sensitivity analysis 
D)  Business analysis

Question 4

Working capital management involves management of the current assets and the current liabilities of a firm.

Accepted Answer

A) True 
 B)False

Question 5

The degree to which an organization realizes its goals is called organizational:

Accepted Answer

A)  Effectiveness 
B)  Efficiency 
C)  Contingency 
D)  Productivity

Question 6

Which of the following is NOT the element of infrastructure?

Accepted Answer

A)  Customer leadership management 
B)  Quality planning 
C)  Leadership and strategic planning 
D)  Process management

Question 7

What mans that all possible intermediaries at the particular level of the channel are used?

Accepted Answer

A)  Channel intensity 
B)  Intensive distribution 
C)  Selective distribution 
D)  Territory intensity

Question 8

Information system (IS) planning includes which of the following sep that is part of any successful planning process?

Accepted Answer

A)  Creating a corporate and IS mission statement 
B)  Articulating the vision for IT within the organization 
C)  Creating IS strategic and tactical plans 
D)  All of the above

Question 9

Increasing the depth of s job by adding the responsibility for planning, organizing, controlling, and evaluating the job in called:

Accepted Answer

A)  Job rotation 
B)  Job enlargement 
C)  Job enrichment 
D)  Job extension

Question 10

Combining modern hardware and software such as word processors, desktop publishers, e-mail, and teleconferencing to handle the tasks of publishing and distributing information, in which system?

Accepted Answer

A)  Mechanization System 
B)  Office Automation System 
C)  Computerization System 
D)  Process Control System

Question 11

A unique capability that creates high value and differentiates the organization from its competition is known as:

Accepted Answer

A)  Core competency 
B)  Core proficiency 
C)  Core expertise 
D)  Core adeptness

Question 12

The excess of the current assts of a business over its current liabilities is called:

Accepted Answer

A)  Business capital 
B)  Working capital 
C)  Ratio capital 
D)  Market capital

Question 13

What is the reason for setting advertising objectives?

Accepted Answer

A)  it forces top marketing and advertising management to agree on the course advertising is to take for the following planning period 
B)  it guides the budgeting, message creation, and media selection aspects of advertizing strategy 
C)  it provide standards against which results can be measured 
D)  All of the above

Question 14

Which of the following is NOT the function of packaging?

Accepted Answer

A)  protection 
B)  identification 
C)  packaging lines 
D)  information

Question 15

What entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors fro whom they are entitled to vote and to cast the product for a single candidate?

Accepted Answer

A)  Cumulative Voting 
B)  Straight Voting 
C)  Shareholder Voting Agreement 
D)  Proxy Voting

Question 16

The degree to which organizational tasks are subdivided into separate jobs is known as:

Accepted Answer

A)  Work specialization 
B)  Chain of command 
C)  Unity of command 
D)  Authorization

Question 17

The field of management that focuses on the physical production of goods or services and uses specialized techniques for solving manufacturing problems is called:

Accepted Answer

A)  Manufacturing management 
B)  Control management 
C)  Operations management 
D)  None of the above

Question 18

Costs that are associated with efforts to ensure conformance to requirements, generally through measurement and analysis of data to detect non-conformances are called:

Accepted Answer

A)  Appraisal costs 
B)  Prevention cost 
C)  Internal cost 
D)  Training cost

Question 19

The relationship between credit sales and accounts receivable may be stated as:

Accepted Answer

A)  quick account analysis 
B)  account payable turnover 
C)  account receivable turnover 
D)  None of the above

Question 20

A firm must avail itself of all dimensions of competition, which Michael Porter categorized into which of the following four components is NOT of "the diamond of national advantage"?

Accepted Answer

A)  Related industries 
B)  Factor conditions 
C)  External economy 
D)  Firm strategy

Exam 1: Certified Business Manager