oDesk Management Skills Test Answers 2017

oDesk Management Skills Test Answers 2017

Question:-Which motivation strategy is characterized by a high emphasis on performance and a low emphasis on satisfaction?
Answer:- a. Indulging

Question:-Which of the following is neither a cash in-flow nor cash out-flow?
Answer:- e. Depreciation

Question:-Which of the following best completes the sentence: "Repetitive decisions are known as _________ ."
Answer:- c. routine decisions

Question:-Mary Parker Follett defined management as: "the art of getting things done through __________."
Answer:- d. people

Question:-A Mission Statement: ____________.
Answer:- c. summarizes the outcome of a project.

Question:-Self-regulation, one of the characteristics of an effective leader, is defined as the ability to __________ .
Answer:- c. maintain an ongoing commitment to a goal in often turbulent and chaotic times.

Question:-In which context are the terms Unfreezing and Refreezing used?
Answer:- a. Management of Change

Question:-A manager is seeking to introduce new working conditions. Which of the following is the best way to gain employees' cooperation?
Answer:- c. Organize a briefing for the entire staff.

Question:-Which of the following characterise a 'differentiation'-based business model?
1.High sales volume
2.High profit margin
3.Well-regarded brand
4.High-quality manufacture
e. All of the above

Question:-In which of the following circumstances is the directive method of introducing planned change inappropriate?
a. When the manager enjoys sufficient position power (e.g.: he/she has significant control over rewards and punishments).
b. When the employees are achievement-motivated and willing to accept the change.
c. If organization communication pattern is 'star-type', which favors the change agent as a leader over his subordinates.
d. When the driving forces far outweigh the restraining forces.

Question:-If the financial year starts in January, the Fixed Budget will be prepared ___________.
Answer:- a. a month or two earlier

Question:-Which of the following statements is false?
a. Decision-making should be based on evidence.
b. Decision-making should take into account a range of factors.
c. Decision-making should involve key stakeholders.
d. Decision-making should be rapid.

Question:-Which of the following types of costs is not typically 'variable':
a. Cost of raw materials
b. Cost of marketing
c. Cost of lighting
d. Cost of transportation

Question:-What is the main advantage of employing staff on a temporary basis?
a. Greater flexibility in responding to customer requirements
b. Improved productivity
c. Enhanced customer satisfaction
d. Lower staff turnover

Which of the following reveals whether or not a company is earning a profit?
c. Balance statement

Question:-Which of the following can be used as a term for Supervisor?
c. Front-line manager

Question:-Which of the following represents the implementation of a 'Just-in-Time' production approach?
a. The installation of a new computer system.
b. Receiving materials as and when they are required for production.
c. Having a large supply of materials ready to be processed.
d. Implementing process controls to improve quality.
e. Introducing monitoring tools to assess efficiency

Question:-There are some important measures which a company can use to determine the effects of training. Which of the following is not one of them?
Answer:- c. Job applications

Question:-The 'Principle of Order' applies to ______________.
Answer:- b. right person in right job


Question:-Which of the following is not a financial statement?
Answer:- c. Balance Sheet

Question:-Which one of the following is another term for the Scalar Principle?
Answer:- d. Chain of Command


Question:-If a subordinate is having difficulty carrying out a delegated task, what should a manager do?
Answer:- b. Be available as a role model and resource in identifying alternative solutions.

Question:-Which of the following constitutes a fixed asset in a business?
Answer:- d. Fixtures and fittings

Question:-What is a 'stakeholder map'?
Answer:- b. A means of identifying all those affected by the organization.

Question:-Which one of the following best completes the sentence: "Division of work promotes ____________."
Answer:- d. Equality

Question:-Which of the listed management functions involves creating an environment where everyone works together to achieve the common goals of the organization?
Answer:- c. Leading

Question:-Which one of the following best completes the sentence:
The principle of 'Unity of Command' is concerned with __________.
Answer:- c. remuneration

Question:-If a manager is attempting to establish motivational goals for his employees, which of the following should he do?
Answer:- c. Set conflicting goals so employees can accomplish one goal or another as they choose

Question:-What does the term 'Unity of Control' stand for under Principles of Organizing?
Answer:- a. That there should be a limit to the number of persons that can be supervised effectively by one boss.

Question:-In the 'situational' leadership style, the manager is concerned with ___________.
a. task accomplishment
b. human relations and teamwork
c. giving free rein to his/her staff
d. prompt, orderly performance
e. growth for staff and himself/herself

Question:-Long-term budgets are useful for those industries where the gestation period is long. Which of the following is not relevant to the above statement?
Answer:- a. Machinery

Question:-In which order would the following strategic planning activities take place? 

1.Evaluating performance
2.Devising strategy
3.Documenting plans
4.Executing plans
a. 2, 4, 3, 1
b. 4, 3, 1, 2
c. 3, 2, 1, 4
d. 4, 1, 3, 2
e. 2, 3, 4, 1

Question:-Why do businesses use cash-flow forecasts as part of the internal planning process?
a. To estimate the value of their assets at the year end.
b. To assess potential profit or loss.
c. To allocate the marketing budget.
d. To predict future borrowing requirements.

Question:-Which of the following is an external source of recruitment?
Answer:- d. Staff returning from maternity leave

Question:-An employee's desire and commitment to perform that is manifested in job related effort defines his/her _____________ .
Answer:- c. performance

Question:-A tool for evaluating organizational performance across the full range of a business is known as a 'balanced __________'.
Answer:- a. scorecard.

Question:-The degree to which a company owns its upstream suppliers and its downstream buyers is known as _____________.
a. monopolization
b. vertical integration
c. specialization
d. diversification

Question:-Which term refers to a document that sets out an organization's 'rules' regarding a particular issue?
a. Process
b. Policy
c. Procedure
d. Practice
e. Paradigm

Question:-Which of the following is correctly ordered as a Management Process?
Answer:- c. Planning, Organizing, Staffing, Directing, Co-ordinating, Controlling

Question:-Which of the following reveals whether or not a company is earning a profit?  
Answer:- c. Balance statement

Question:-Which of the following is not a feature of a good organizational structure?
Answer:- d. More managerial levels

Question:-Operations can be classified according to their volume and variety of production, as well as the degree of variation and visibility. Which of the following operations would be classified as high-volume, low-variety?  
Answer:- c. A family doctor's


Question:-Why does a business analyze its financial accounts to assess its solvency?
a. To check whether it can meet its current financial obligations.
b. To monitor depreciation.
c. To confirm customers are making prompt payments.
d. To assess the efficiency of the manufacturing process.

Question:-Which one of the following is not the purpose of Performance Appraisal?
a. It can serve as a basis for job change or promotion.
b. It serves as a guide for formulating a suitable training and development program.
c. It provides the rational foundation for the payment of piece work, wages, bonuses, etc.
d. It makes the worker committed and loyal to the organization.
e. It serves as feedback to the employee.

Question:-Which of the following are not legitimate risk management options?

1.Terminate
2.Turn
3.Tolerate
4.Treat
5.Test
6.Transfer.
Answer:- c. 5 and 6

Question:-Which of the following would help a company manufacture products to the standard required by the customer?
Answer:- c. Quality control

In decentralization, subordinates __________ .
a. enjoy significant powers
b. are permitted limited powers
c. Do not get any powers
d. work unsupervised
e. are no longer managed

Question:-Which of the following is not included in calculating working capital?
Answer:- a. Stock of work in progress

Question:-Which two factors are combined to evaluate the size of risks facing an organization?
Answer:- c. Probability and Impact

Question:-Which of the following is generally an inappropriate reason for delegation?
Answer:- b. It frees the manager to address more complex, higher-level needs.

Question:-A member of the Board of Directors of a company who is not an employee of the company is called a _____________.
Answer:- b. inside director

Question:-Which of the following statements is not likely to characterize a planning approach to strategy development?
Answer:- e. None of the above

Question:-A tool to plot the duration of activities in a project and its dependencies is named after:
Answer:- a. Robert George

Question:-Which of the following is not a key function of leadership?
Answer:- d. Closely monitoring the execution of tasks.

Question:-If a company's productivity is rising, it means ___________ .
Answer:- d. output and costs are decreasing at the same rate.

Question:-Which ratio shows an organization's effectiveness in minimizing production costs?
Answer:- a. Gross profit ratio

Question:-Which item appears in both the balance sheet and the profit and loss account?
Answer:- d. Closing stock