Chapter 3 Management Exam with correct answers 100% 2026

Chapter 3 Management Exam with
correct answers 100% 2026
Multiple Choice Questions



1. Wal-Mart's low wage policy has forced Safeway to do which of the following?

A) reduce benefits for their workers

B) increase their hourly wage

C) increase their product prices

D) decrease their hourly wage

E) increase benefits for their workers - Correct AnswerAnswer: A



2. Employees are part of the __________ environment of organizations.

A) external

B) task

C) general

D) internal

E) sociocultural - Correct AnswerAnswer: D



3. Governments are part of the __________ environment of organizations.

A) unplanned

B) task

C) general

D) internal

E) sociocultural - Correct AnswerAnswer: B



4. Demographic forces are part of the __________ environment of organizations.

, A) legal

B) task

C) general

D) internal

E) sociocultural - Correct AnswerAnswer: C



5. United Airlines is 55% employee owned through a mechanism called

A) participative management.

B) bond sharing.

C) employee stock ownership.

D) profit sharing.

E) the Callaway plan. - Correct AnswerAnswer: C



6. The group responsible for setting the organization's overall strategic goals and for approving
decisions and salaries of top management is known as the

A) Board of stockholders.

B) Board of shareholders.

C) Board of Investors.

D) Board of Directors.

E) Board of intrapreneurs. - Correct AnswerAnswer: D



7. Which of the following is an example of an internal stakeholder of an organization?

A) Distributors

B) Suppliers

C) Unions

D) Individual workers