Practice Quiz

CLEP Principles of Management Exam Prep - Question List

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21. According to the Economic Order Quantity principle, if you wanted to reduce lot size for a part, which of these actions would you take?
  1. Reduce machine set up time
  2. Reduce raw material cost
  3. Reduce part transportation time
  4. Reduce quality inspection time
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22. What is the best definition of enterprise resource planning?
  1. Strategic planning for an organization
  2. Process of creating a human resource plan for the entire organization, including succession planning
  3. Planning an organization’s information technology structure
  4. Integrated information systems which are able to support data storage and all business functions
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23. Henry’s company provides cleaning large-scale cleaning services for hotel chains in his area. Because he is able to create a high volume of orders, he is able to offer a low cost for his services. What service strategy does Henry’s company follow?
  1. Make-to-stock
  2. Make-to-order
  3. Standardized
  4. Assemble-to-order
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24. Sebastian is placed into a new assignment where he is working with equipment that he has never used before. Which of these expectancy theory motivation factors is likely to be influenced the most?
  1. Expectancy
  2. Instrumentality
  3. Valence
  4. Motivation
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25. Carl is trying to motivate his employees to complete the project ahead of the original deadline. Which management function is he utilizing?
  1. Planning
  2. Controlling
  3. Leading
  4. Organizing
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