Functions of Management MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Functions of Management, a fundamental topic in the field of IC90 Human Resource Management. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Functions of Management MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Functions of Management mcq questions that explore various aspects of Functions of Management problems. Each MCQ is crafted to challenge your understanding of Functions of Management principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC90 Human Resource Management tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Functions of Management MCQs are your pathway to success in mastering this essential IC90 Human Resource Management topic.

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Functions of Management MCQs | Page 6 of 19

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Q51.
What is the purpose of scanning the external environment in SWOT analysis?

a.

To identify opportunities to be taken advantage of

b.

To identify threats or risks that need to be guarded against

c.

To clarify an organization's strengths and weaknesses

d.

Both a and b

Discuss
Answer: (d).Both a and b Explanation:Scanning the external environment in SWOT analysis is done to identify opportunities to be taken advantage of as well as threats or risks that need to be guarded against.
Q52.
What does SWOT stand for?

a.

Strengths, Weaknesses, Opportunities and Targets

b.

Strengths, Weaknesses, Operations and Threats

c.

Strategies, Weaknesses, Opportunities and Threats

d.

Strengths, Weaknesses, Opportunities and Threats

Discuss
Answer: (d).Strengths, Weaknesses, Opportunities and Threats Explanation:SWOT stands for Strengths, Weaknesses, Opportunities and Threats.
Q53.
What does the analysis of SWOT help in determining?

a.

Objectives

b.

Strategies

c.

Resource allocation

d.

All of the above

Discuss
Answer: (a).Objectives Explanation:By clarifying strengths, weaknesses, opportunities, and threats (SWOT), it becomes possible to determine the possibilities that exist and towards which efforts can be directed. The objectives are thus chosen.
Q54.
What does sensitivity to information in journals and industry-related conferences help with in SWOT analysis?

a.

Determining resources available for exploitation

b.

Identifying internal factors

c.

Identifying external factors

d.

Catching the "buzz"

Discuss
Answer: (d).Catching the "buzz" Explanation:Analysis of O and T would require sensitivity to information in journals and in industry-related conferences or experts in various fields. Top managers make it a point to read a variety of journals and attend many meetings where experts may either speak or participate in discussions. The purpose is to catch the "buzz".
Q55.
Which of the following are internal factors in SWOT analysis?

a.

Strengths and Weaknesses

b.

Opportunities and Threats

c.

Political and Regulatory factors

d.

Economic and Demographic factors

Discuss
Answer: (a).Strengths and Weaknesses Explanation:Strengths and Weaknesses are internal factors in SWOT analysis.
Q56.
What does scanning of the internal environment in SWOT analysis clarify?

a.

Changes in the external environment

b.

Strengths and weaknesses of the organization

c.

Opportunities and threats

d.

None of the above

Discuss
Answer: (b).Strengths and weaknesses of the organization Explanation:Scanning of the internal environment in SWOT analysis clarifies the strengths and weaknesses of the organization.
Q57.
What does scanning of the external environment in SWOT analysis clarify?

a.

Strengths and weaknesses of the organization

b.

Opportunities and threats

c.

Changes in the internal environment

d.

None of the above

Discuss
Answer: (b).Opportunities and threats Explanation:Scanning of the external environment in SWOT analysis clarifies the opportunities and threats.
Q58.
Which of the following is an example of a weakness in SWOT analysis?

a.

Lack of resources

b.

Resources available to be exploited

c.

Changes in the external environment

d.

None of the above

Discuss
Answer: (a).Lack of resources Explanation:Lack of resources is an example of a weakness in SWOT analysis.
Q59.
Which of the following is an example of a threat in SWOT analysis?

a.

Dedicated supplier or customer

b.

Big new competitor entering the market

c.

Good management style

d.

None of the above

Discuss
Answer: (b).Big new competitor entering the market Explanation:A big new competitor entering the market is an example of a threat in SWOT analysis.
Q60.
What do strategies in SWOT analysis aim to do?

a.

Strengthen strengths

b.

Overcome or neutralize weaknesses

c.

Take advantage of opportunities

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:Strategies in SWOT analysis aim to strengthen strengths, overcome or neutralize weaknesses, take advantage of opportunities and overcome or neutralize the effects of threats.
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