D483 BUS 2301
Principles of Management
Comprehensive FA Review (Qns & Ans)
2025
1. Which of the following best describes the primary function of
management?
- A) Marketing
- B) Planning
- C) Selling
- D) Manufacturing
- ANS: B) Planning
- Rationale: Planning is one of the primary functions of
management, involving setting objectives and determining the
best course of action to achieve them.
©2024/2025
,2. What is the primary purpose of strategic management?
- A) To manage daily operations
- B) To develop long-term goals and strategies
- C) To handle customer complaints
- D) To oversee employee performance
- ANS: B) To develop long-term goals and strategies
- Rationale: Strategic management focuses on developing
long-term goals and strategies to ensure the organization's success
and competitiveness.
3. Which of the following is NOT a component of the
management process?
- A) Planning
- B) Organizing
- C) Leading
- D) Selling
- ANS: D) Selling
- Rationale: The management process includes planning,
organizing, leading, and controlling. Selling is not a component of
the management process.
©2024/2025
, Fill-in-the-Blank Questions
4. The __________ function of management involves setting
objectives and determining the best course of action to achieve
them.
- ANS: Planning
- Rationale: The planning function of management involves
setting objectives and determining the best course of action to
achieve them.
5. In management, the __________ function involves
coordinating and allocating resources to achieve organizational
goals.
- ANS: Organizing
- Rationale: The organizing function of management involves
coordinating and allocating resources to achieve organizational
goals.
6. The __________ function of management involves
monitoring and evaluating performance to ensure that
organizational goals are being met.
- ANS: Controlling
- Rationale: The controlling function of management
involves monitoring and evaluating performance to ensure that
organizational goals are being met.
©2024/2025
, True/False Questions
7. True or False: The primary goal of leadership in management
is to inspire and motivate employees to achieve organizational
goals.
- ANS: True
- Rationale: The primary goal of leadership in management is
to inspire and motivate employees to achieve organizational
goals.
8. True or False: Delegation is the process of assigning
responsibility and authority to employees to complete tasks.
- ANS: True
- Rationale: Delegation is the process of assigning
responsibility and authority to employees to complete tasks,
allowing managers to focus on higher-level activities.
9. True or False: The decision-making process in management
involves identifying and choosing alternative courses of action.
- ANS: True
- Rationale: The decision-making process in management
involves identifying and choosing alternative courses of action to
solve problems and achieve goals.
Multiple Response Questions
©2024/2025
Principles of Management
Comprehensive FA Review (Qns & Ans)
2025
1. Which of the following best describes the primary function of
management?
- A) Marketing
- B) Planning
- C) Selling
- D) Manufacturing
- ANS: B) Planning
- Rationale: Planning is one of the primary functions of
management, involving setting objectives and determining the
best course of action to achieve them.
©2024/2025
,2. What is the primary purpose of strategic management?
- A) To manage daily operations
- B) To develop long-term goals and strategies
- C) To handle customer complaints
- D) To oversee employee performance
- ANS: B) To develop long-term goals and strategies
- Rationale: Strategic management focuses on developing
long-term goals and strategies to ensure the organization's success
and competitiveness.
3. Which of the following is NOT a component of the
management process?
- A) Planning
- B) Organizing
- C) Leading
- D) Selling
- ANS: D) Selling
- Rationale: The management process includes planning,
organizing, leading, and controlling. Selling is not a component of
the management process.
©2024/2025
, Fill-in-the-Blank Questions
4. The __________ function of management involves setting
objectives and determining the best course of action to achieve
them.
- ANS: Planning
- Rationale: The planning function of management involves
setting objectives and determining the best course of action to
achieve them.
5. In management, the __________ function involves
coordinating and allocating resources to achieve organizational
goals.
- ANS: Organizing
- Rationale: The organizing function of management involves
coordinating and allocating resources to achieve organizational
goals.
6. The __________ function of management involves
monitoring and evaluating performance to ensure that
organizational goals are being met.
- ANS: Controlling
- Rationale: The controlling function of management
involves monitoring and evaluating performance to ensure that
organizational goals are being met.
©2024/2025
, True/False Questions
7. True or False: The primary goal of leadership in management
is to inspire and motivate employees to achieve organizational
goals.
- ANS: True
- Rationale: The primary goal of leadership in management is
to inspire and motivate employees to achieve organizational
goals.
8. True or False: Delegation is the process of assigning
responsibility and authority to employees to complete tasks.
- ANS: True
- Rationale: Delegation is the process of assigning
responsibility and authority to employees to complete tasks,
allowing managers to focus on higher-level activities.
9. True or False: The decision-making process in management
involves identifying and choosing alternative courses of action.
- ANS: True
- Rationale: The decision-making process in management
involves identifying and choosing alternative courses of action to
solve problems and achieve goals.
Multiple Response Questions
©2024/2025
