Management Issues (MNG2602) – Fully Solved Assignment with Verified
Answers, Marking-Guideline Alignment, Modern Management Practices &
Exam-Focused Study Guide
,Question 1:
What is the primary goal of strategic management?
• A) To increase operational efficiency
• B) To enhance employee satisfaction
• C) To achieve competitive advantage
• D) To maximize shareholder returns
Correct Option: C) To achieve competitive advantage
Rationale: Strategic management focuses on setting objectives and ensuring that an
organization competes effectively in its market by leveraging resources and capabilities.
Question 2:
Which of the following is a key component of corporate social responsibility (CSR)?
• A) Profit maximization
• B) Environmental sustainability
• C) Market share growth
• D) Employee turnover rates
Correct Option: B) Environmental sustainability
Rationale: CSR emphasizes the importance of companies conducting their business in
an ethical manner and considering their impact on society and the environment.
Question 3:
What role does organizational culture play in management?
• A) It has no impact on performance
• B) It influences employee behavior and decision-making
• C) It only affects external stakeholders
• D) It is only relevant for large organizations
Correct Option: B) It influences employee behavior and decision-making
Rationale: Organizational culture shapes how employees interact and work together,
significantly impacting productivity and organizational success.
Question 4:
, In the context of digital transformation, what does "disruption" refer to?
• A) Improvements in operational efficiency
• B) New business practices abandoning traditional models
• C) Increased employee turnover
• D) The introduction of better technology
Correct Option: B) New business practices abandoning traditional models
Rationale: Disruption in digital transformation indicates significant shifts in how
businesses operate, often leading to the decline of traditional practices and the
emergence of new norms.
Question 5:
What is the primary purpose of a SWOT analysis?
• A) To assess financial risks
• B) To evaluate training needs
• C) To identify strengths, weaknesses, opportunities, and threats
• D) To improve employee relations
Correct Option: C) To identify strengths, weaknesses, opportunities, and threats
Rationale: SWOT analysis helps organizations identify internal and external factors
affecting success, guiding strategic planning and decision-making processes.
Question 6:
What does the term "globalization" refer to in management?
• A) Increased isolation of markets
• B) Integration of economies, cultures, and practices globally
• C) Localized business practices
• D) Reduced competition in local markets
Correct Option: B) Integration of economies, cultures, and practices globally
Rationale: Globalization in management relates to the interconnectedness of markets
and businesses across the globe, shaping strategies and operations.
Question 7:
Which of the following is a characteristic of transactional leadership?