Practice TASK – TEST 1
Chapters 1-3

1. Under Tylorism and Fordism work simplification led to:

A) Satisfied workers B) Conflict and boredom C) Greater worker experience D) Emotional work E) Employees loyalty

2. Communist economy means:

A) Centrally planned economy B) Focus on individual values C) Idiosyncratic economy D) Regime which is non authoritarian

3. The Resource Curse refers to:

A) Low economic growth in countries with abundance of commodities B) Encouragement of internal conflict C) Moderate economic growth and internal conflict D) Extensive economic growth and encouragement of internal conflict

4. A process of determining the division of work into its smallest possible skill elements is called: A) Punctuality B) Supervision of labour C) Taylorism D) Fordism E) Direct and indirect labour

5. The allocation of work tasks to various groups of categories of employee is:

A) The role of technology B) New factory system C) Work Ethic D) Division of labour E) Factory based work

6. Peters and Waterman (1982) identified eight characters of organizational excellence. Identify these characteristics:

A) Vision, customer relationship, training and staff development, minimize supervision, focus on core business, innovate and improve, evaluate, eliminate bias towards action not procedure. B) Mission, development of management, strict staff supervision, processes and procedures, improvement circles, ethics, goals and action, technology involvement. C) Program development, focus on business, evaluation, ethics, training, mission, system and programs, customer focus, organizational excellence.

7. One of the essential aspects of an organizational culture is:

A) Belief in the continuous cycle of development B) Staff development C) Program development D) Continuous recognition of management effort

8. Key thinkers of Political Economy were:

A) Tom Jones, Brice Courtenay, Milec Freedman B) Adam Smith, John Mao, John Maynard C) Milton Friedman, John Maynard – Keynes, Adam Smith D) Karl Marx, John Maynard – Keynes, Tom Jones E) Brice Courtenay, Karl Marx, Adam Smith F) Milec Freedman, John Maynard, John Keynes,

9. To bring inflation under control, restrict growth in the money supply was which key thinker main idea?

A) Karl Marx, B) Adam Smith C) Milton Friedman D) John Maynard – Keynes E) Milec Freedman F) Tom Jones G) Brice Courtenay H) John Keynes

10. Identify two types of capitalism

A) Liberal market economy, Raw capitalism B) Coordinated market economy, Flexible market economy C) Liberal market economy, Coordinated market economy D) Equity market economy, Rare market economy