Practice Quiz

CLEP Principles of Management Exam Prep - Question List

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6. Positive reinforcement and punishment are strategies employed by what theory?
  1. Reinforcement theory
  2. Expectancy theory
  3. Valence theory
  4. Acquired need theory
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7. It’s been projected that Project X will take 7 years to amortize the project costs and start earning a profit for its company. This demonstrates which concept?
  1. Net Present Value
  2. Internal Rate of Return
  3. Payback Period
  4. Benefit Cost Ratio
  5. PMIS
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8. Which is a more important measure of a manager’s success?
  1. Efficiency
  2. Effectiveness
  3. Neither are important measures.
  4. Both efficiency and effectiveness are equally important.
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9. For repetitive or boring tasks, research has found that the supportive leadership style will increase which of these aspects?
  1. Increase both worker satisfaction and worker performance
  2. Increase worker satisfaction but not increase worker performance
  3. Increase worker performance but not increase worker satisfaction
  4. Will not increase either worker performance nor worker satisfaction
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10. According to Porter’s Generic Strategies, what are the three ways companies can compete in an industry?
  1. Cost leadership
  2. Barriers to entry
  3. Focus
  4. Differentiation
  5. Marketing excellence
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