MGMT 311 PRACTICE EXAMINATION 2026 QUESTIONS
WITH ANSWERS GRADED A+
● Top Manager. Answer: Executive responsible for overall organization making decisions
affecting all organizational members
● World Trade Organization. Answer: Global organization dealing with rules of trade
between nations
● Values-Based Management. Answer: Approach developing, communicating, and
practicing shared organizational values
● Bureaucracy. Answer: Max Weber's organizational form characterized by division of labor,
hierarchy, rules, and impersonal relationships
● Corporate Social Responsibility. Answer: Business's intentional actions having positive
social impact beyond economic interests
● Management Science. Answer: Application of mathematical models and statistical
methods to management problems
● Discrimination. Answer: Noting difference between things; often used to refer to unfair
treatment based on prejudice
● Quantitative Approach. Answer: Management perspective using quantitative techniques
improving decision making and organizational effectiveness
● Fayol's Principles. Answer: Guidelines for organizational management including division
of work, authority, discipline, unity of command
● Certainty. Answer: Situation where manager can make accurate decisions because
outcomes of alternatives known
● Henri Fayol. Answer: Management theorist identifying five management functions and
fourteen principles of management
● Organization for Economic Cooperation and Development. Answer: International
organization promoting policies improving economic and social wellbeing
, ● Source of Culture. Answer: Original values and beliefs coming from organization's
founders
● Human Relations Movement. Answer: View that managers should focus on employee
needs, relationships, and satisfaction
● Business Ethics. Answer: Rules and principles defining right and wrong conduct in
business
● External Stakeholders. Answer: Groups outside organization including customers,
suppliers, government, communities, competitors
● Born Global. Answer: International company intending to go global from inception
● EU. Answer: Abbreviation for European Union creating single market across member states
● Nonprogrammed Decision. Answer: Unique and nonrecurring decision requiring
custom-made solution
● Power Distance. Answer: National culture attribute measuring extent people accept power
distributed unequally
● Management Skills. Answer: Capabilities managers use to perform their jobs including
technical, human, and conceptual abilities
● Utilitarian View. Answer: Ethical perspective making decisions based on greatest good for
greatest number
● Maximax Choice. Answer: Optimistic choice maximizing maximum possible payoff
● MNC. Answer: Abbreviation for Multinational Corporation operating across national borders
● Management. Answer: Process of planning, organizing, leading, and controlling
organizational resources to achieve goals effectively and efficiently
● World Bank. Answer: International financial institution providing loans to countries for
capital projects
● Rational Decision Making. Answer: Systematic process defining problem, identifying
criteria, weighing criteria, developing alternatives, evaluating alternatives, and selecting best
alternative
WITH ANSWERS GRADED A+
● Top Manager. Answer: Executive responsible for overall organization making decisions
affecting all organizational members
● World Trade Organization. Answer: Global organization dealing with rules of trade
between nations
● Values-Based Management. Answer: Approach developing, communicating, and
practicing shared organizational values
● Bureaucracy. Answer: Max Weber's organizational form characterized by division of labor,
hierarchy, rules, and impersonal relationships
● Corporate Social Responsibility. Answer: Business's intentional actions having positive
social impact beyond economic interests
● Management Science. Answer: Application of mathematical models and statistical
methods to management problems
● Discrimination. Answer: Noting difference between things; often used to refer to unfair
treatment based on prejudice
● Quantitative Approach. Answer: Management perspective using quantitative techniques
improving decision making and organizational effectiveness
● Fayol's Principles. Answer: Guidelines for organizational management including division
of work, authority, discipline, unity of command
● Certainty. Answer: Situation where manager can make accurate decisions because
outcomes of alternatives known
● Henri Fayol. Answer: Management theorist identifying five management functions and
fourteen principles of management
● Organization for Economic Cooperation and Development. Answer: International
organization promoting policies improving economic and social wellbeing
, ● Source of Culture. Answer: Original values and beliefs coming from organization's
founders
● Human Relations Movement. Answer: View that managers should focus on employee
needs, relationships, and satisfaction
● Business Ethics. Answer: Rules and principles defining right and wrong conduct in
business
● External Stakeholders. Answer: Groups outside organization including customers,
suppliers, government, communities, competitors
● Born Global. Answer: International company intending to go global from inception
● EU. Answer: Abbreviation for European Union creating single market across member states
● Nonprogrammed Decision. Answer: Unique and nonrecurring decision requiring
custom-made solution
● Power Distance. Answer: National culture attribute measuring extent people accept power
distributed unequally
● Management Skills. Answer: Capabilities managers use to perform their jobs including
technical, human, and conceptual abilities
● Utilitarian View. Answer: Ethical perspective making decisions based on greatest good for
greatest number
● Maximax Choice. Answer: Optimistic choice maximizing maximum possible payoff
● MNC. Answer: Abbreviation for Multinational Corporation operating across national borders
● Management. Answer: Process of planning, organizing, leading, and controlling
organizational resources to achieve goals effectively and efficiently
● World Bank. Answer: International financial institution providing loans to countries for
capital projects
● Rational Decision Making. Answer: Systematic process defining problem, identifying
criteria, weighing criteria, developing alternatives, evaluating alternatives, and selecting best
alternative
