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Immoral management not only ignores ethical concerns, but also actively opposes ethical behavior. Organizations with immoral management is/are characterized by
I. Total concern for company profits only.
II. Laws are regarded as hurdles to be removed.
III. Less inclination to minimize expenditure.

a) Only (I) above
b) Only (II) above
c) Both (I) and (II) above
d) Both (I) and (III) above
e) All (I), (II) and (III) above.

Answer:

c) Both (I) and (II) above
Explanation:
Immoral management not only ignores ethical concerns, but also actively opposes ethical behavior. Organizations with immoral management are characterized by:
★ Total concern for company profits only.
★ Laws are regarded as hurdles to be removed.
★ Strong inclination to minimize expenditures.
Hence, option (c) is the correct answer.

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JIT (Just-In-Time) inventory control is an approach to inventory control, which stipulates that materials should arrive just, as they are needed, in the production process. Which of the following would generally not be associated with a successful JIT program, for the purpose of inventory control?
a) Well-organized receiving and handling of materials purchased from suppliers
b) Strong management commitment
c) Suppliers located in diverse and distant locations
d) High quality of materials purchased from suppliers
e) Dependable and long-lasting relationships with suppliers and customers.

By studying the various approaches to management analysis, we can understand the concept of management and have a better understanding of managerial functions. Which approach to management emphasizes managing people by understanding their individual psychological needs?
a) Empirical approach
b) Decision theory approach
c) Management science approach
d) Interpersonal behavior approach
e) Contingency approach