PRINCIPLES OF MANAGEMENT
PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS
GUARANTEED TO PASS.
⩥ What denotes skill or expertise in an activity that constitutes the roots
of competitiveness in an organization?
a. Products and services
b. Strategic values
c. Opportunities and threats
d. Core competencies. Answer- core competencies
⩥ According to Michael Porters competitive environment model, how
can suppliers influence strategic planning?
a. Suppliers can reduce manufacturing time and increase product quality
b. Supplier can reduce technological, demographic, and legal threats in
the environment
c. Suppliers can reduce the numbers of new entrants in the market
d. Suppliers can reduce the threat from substitute products. Answer-
Suppliers can reduce mfg time and increase product quality
,⩥ A company offers unique products in its industry to create a
competitive advantage. Which type of strategy is the company using?
a. Custsomization
b. Differentiation
c. Standardization
d. Valorization. Answer- Differentiation
⩥ Happy Inc., is a leading provider of family entertainment and BCD is
a broadcasting company with news, cable and entertainment networks.
Happy Inc., recently acquired BCD in hopes of boosting its primary
business of family entertainment. Which type of corporate strategy is
represented by Happy Inc.'s purchase of their distribution network?
a. Vertical integration
b. Strategic alliances
c. Networking
d. Horizontal benchmarking. Answer- Vertical integration
⩥ What is the first step of organizational strategic planning?
a. Developing operation goals
b. Developing external opportunities
c. Developing a strategic mission
d. Developing internal strengths. Answer- Developing a strategic
mission
, ⩥ A local business has provided services to its customers for 40 years.
the business's mission is "to give our customers the best service in
town." The owner of the business has had a long-standing dream to
franchise the business and become the best provider of its services in the
united states. what describes the owners dream?
a. Strategic mission
b. Strategic management
c. Strategic planning
d. Strategic vision. Answer- Strategic vision
⩥ The introduction of statistical tools to analyze the causes of product
defects is associated with which quality improvement approach?
a. Flexible process
b. Six Sigma
c. Quality Customization
d. Customer process. Answer- six sigma
⩥ What is the principal idea of reengineering?
a. To analyze system failures
b. To improve total quality in all businesses for the benefit of producers
and customers
c. To focus on creating two-way exchanges with customers
d. To revolutionize key organizational systems and processes. Answer-
To revolutionize key organizational systems and processes
PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS
GUARANTEED TO PASS.
⩥ What denotes skill or expertise in an activity that constitutes the roots
of competitiveness in an organization?
a. Products and services
b. Strategic values
c. Opportunities and threats
d. Core competencies. Answer- core competencies
⩥ According to Michael Porters competitive environment model, how
can suppliers influence strategic planning?
a. Suppliers can reduce manufacturing time and increase product quality
b. Supplier can reduce technological, demographic, and legal threats in
the environment
c. Suppliers can reduce the numbers of new entrants in the market
d. Suppliers can reduce the threat from substitute products. Answer-
Suppliers can reduce mfg time and increase product quality
,⩥ A company offers unique products in its industry to create a
competitive advantage. Which type of strategy is the company using?
a. Custsomization
b. Differentiation
c. Standardization
d. Valorization. Answer- Differentiation
⩥ Happy Inc., is a leading provider of family entertainment and BCD is
a broadcasting company with news, cable and entertainment networks.
Happy Inc., recently acquired BCD in hopes of boosting its primary
business of family entertainment. Which type of corporate strategy is
represented by Happy Inc.'s purchase of their distribution network?
a. Vertical integration
b. Strategic alliances
c. Networking
d. Horizontal benchmarking. Answer- Vertical integration
⩥ What is the first step of organizational strategic planning?
a. Developing operation goals
b. Developing external opportunities
c. Developing a strategic mission
d. Developing internal strengths. Answer- Developing a strategic
mission
, ⩥ A local business has provided services to its customers for 40 years.
the business's mission is "to give our customers the best service in
town." The owner of the business has had a long-standing dream to
franchise the business and become the best provider of its services in the
united states. what describes the owners dream?
a. Strategic mission
b. Strategic management
c. Strategic planning
d. Strategic vision. Answer- Strategic vision
⩥ The introduction of statistical tools to analyze the causes of product
defects is associated with which quality improvement approach?
a. Flexible process
b. Six Sigma
c. Quality Customization
d. Customer process. Answer- six sigma
⩥ What is the principal idea of reengineering?
a. To analyze system failures
b. To improve total quality in all businesses for the benefit of producers
and customers
c. To focus on creating two-way exchanges with customers
d. To revolutionize key organizational systems and processes. Answer-
To revolutionize key organizational systems and processes
