MGMT 3000 EXAM 1 Simoon Cannon
with verified answers 2025/2026
Which statement about managing in a competitive world is true - ANS ✔✔Management must
adapt to a new circumstance when facing a challenging economy
Which reason best explains why companies are operating globally? - ANS ✔✔Increased
opportunities for growth
The challenges of technology come from the rapid rate of change in which of the following?
(Select every correct answer.) - ANS ✔✔Communication, transportation, and information
What are the two primary contributions of knowledge workers? - ANS ✔✔Problem-solving
expertise & Development of ideas
What is one of the most important processes of knowledge management? - ANS ✔✔To ensure
that workers in an organization collaborate effectively with one another
When a company achieves success and is able to sustain that success because it consistently
outperforms its rivals, that company has Blank______. - ANS ✔✔A competitive advantage
Which statement about innovation is true? - ANS ✔✔Without innovation, a firm will die
Quality is best defined as Blank______. - ANS ✔✔the excellence of a product, whether it be
goods or services
, Which measurement of quality is focused on continually meeting the needs of customers to
establish mutually beneficial long-term relationships? - ANS ✔✔Service
What term refers to the fast and timely execution, response, and delivery of results? - ANS
✔✔Speed
The process of keeping costs low in order to achieve profits and to be able to offer prices that
are attractive to consumers is called Blank______. - ANS ✔✔Cost competitiveness
Minimizing the use of resources, especially those that are polluting and nonrenewable, is a core
goal of Blank______. - ANS ✔✔sustainability
Which statement about the six competitive advantages is true? - ANS ✔✔There are some trade-
offs among the six sources of competitive advantage.
The management function of organizing includes Blank______. - ANS ✔✔assembling and
coordinating all resources needed to achieve goal
The management function of monitoring performance and making needed changes is called
Blank______. - ANS ✔✔Controlling
To which of the managerial functions should managers devote adequate attention and
resources? - ANS ✔✔planning, organizing, leading, and controlling
Senior executives responsible for the overall management and effectiveness of the organization
are called Blank______ managers. - ANS ✔✔top-level
Which level of management is responsible for translating the general goals and plans developed
by strategic managers into more specific objectives and activities? - ANS ✔✔Middle-level
with verified answers 2025/2026
Which statement about managing in a competitive world is true - ANS ✔✔Management must
adapt to a new circumstance when facing a challenging economy
Which reason best explains why companies are operating globally? - ANS ✔✔Increased
opportunities for growth
The challenges of technology come from the rapid rate of change in which of the following?
(Select every correct answer.) - ANS ✔✔Communication, transportation, and information
What are the two primary contributions of knowledge workers? - ANS ✔✔Problem-solving
expertise & Development of ideas
What is one of the most important processes of knowledge management? - ANS ✔✔To ensure
that workers in an organization collaborate effectively with one another
When a company achieves success and is able to sustain that success because it consistently
outperforms its rivals, that company has Blank______. - ANS ✔✔A competitive advantage
Which statement about innovation is true? - ANS ✔✔Without innovation, a firm will die
Quality is best defined as Blank______. - ANS ✔✔the excellence of a product, whether it be
goods or services
, Which measurement of quality is focused on continually meeting the needs of customers to
establish mutually beneficial long-term relationships? - ANS ✔✔Service
What term refers to the fast and timely execution, response, and delivery of results? - ANS
✔✔Speed
The process of keeping costs low in order to achieve profits and to be able to offer prices that
are attractive to consumers is called Blank______. - ANS ✔✔Cost competitiveness
Minimizing the use of resources, especially those that are polluting and nonrenewable, is a core
goal of Blank______. - ANS ✔✔sustainability
Which statement about the six competitive advantages is true? - ANS ✔✔There are some trade-
offs among the six sources of competitive advantage.
The management function of organizing includes Blank______. - ANS ✔✔assembling and
coordinating all resources needed to achieve goal
The management function of monitoring performance and making needed changes is called
Blank______. - ANS ✔✔Controlling
To which of the managerial functions should managers devote adequate attention and
resources? - ANS ✔✔planning, organizing, leading, and controlling
Senior executives responsible for the overall management and effectiveness of the organization
are called Blank______ managers. - ANS ✔✔top-level
Which level of management is responsible for translating the general goals and plans developed
by strategic managers into more specific objectives and activities? - ANS ✔✔Middle-level
