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MGT503 Principles of Management MCQs

MGT503-Principles of Management study material for students of virtual university of Pakistan. Download Past(old) Papers solved/unsolved, past assignments, quiz, mcqs, lecture notes, video lectures, handouts, books of MGT503-Principles of Management

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Which statement is correct?
  • Likert scales are interval only if scale distances are meaningful.
  • Cross-sectional data are measured over time (e.g., by year, month, etc.).
  • A census is preferable to a sample for most business problems.
  • Stratified samples are usually cheaper than other methods.
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Your rating of the food served on your most recent airline flight (using a scale of 0 = gross, 1 = decent, 2 = yummy) is ___________ data.
  • nominal
  • ordinal
  • interval
  • ratio
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Which of the following is quantitative data?
  • Your gender.
  • The brand of cell phone you own.
  • Whether or not you have an American Express card.
  • The fuel economy (MPG) of your car.
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Which variable is least likely to be regarded as ratio data?
  • Length of time required for a randomly-chosen vehicle to cross a toll bridge (minutes).
  • Weight of a randomly-chosen casting in a foundry (kilograms).
  • Number of fatalities in a randomly-chosen airline disaster (persons).
  • Supervisor's rating of a randomly-chosen employee's performance (Likert scale).
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Which statement is correct?
  • Class standing (freshman, sophomore, junior, senior) would be ratio data.
  • Sampling without replacement introduces bias in our estimates.
  • In a random number table, every digit is equally likely to occur.
  • Focus groups usually work best without a trained moderator.
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Internet surveys posted on popular websites such as MSN.com suffer from selection bias.
  • True
  • False
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If you randomly sample 50 students about their television viewing habits at one point in time, the data collected would be referred to as time series data.
  • True
  • False
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Temperature (measured in degrees Fahrenheit) is an example of ratio data because it has a zero.
  • True
  • False
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A categorical (qualitative) variable has values that are described in words rather than numbers.
  • True
  • False
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A categorical (qualitative) variable has values that are described in words rather than numbers.
  • True
  • False
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