29.

30.

31.

32.

33.

34.

35.

108/23

An organizational structure in which employees have a direct reporting relationship
to two or more superiors is known as a

A) Matrix structure B) Flat structure
C) Hierarchical structure D) Network structure

What is the primary goal of TQM ?
A) To improve organizational efficiency B) To increase customer satisfaction

C) To reduce costs D) All of the above

What is the purpose of job analysis in the recruitment and selection process ?
A) To evaluate the strengths and weaknesses of job applicants
B) To identify the best candidate for the job
C) To determine the skills, knowledge, and abilities required for a job
)

D) All of the above

What is the purpose of on-the-job training in the training and development process ?
A) To provide employees with practical experience in performing their job duties
B) To provide employees with knowledge and skills in a particular area

C) To provide employees with the opportunity to observe experienced employees
in action

D) All of the above

Which of the following is a fundamental economic problem that managerial economics
addresses ?

A) Scarcity of resources B) Abundance of resources

C) Lack of government intervention D) Excess government intervention

The law of supply states that

A) As the price increases, the quantity supplied decreases

B) As the price increases, the quantity supplied increases

C) As the price decreases, the quantity supplied decreases
)

D) As the price decreases, the quantity supplied increases

A perfectly competitive market is characterized by
A) Asingle seller B) Many buyers and many sellers
C) Asingle buyer D) Many buyers and a single seller