MGMT 12TH EDITION PRINCIPLES OF
MANAGEMENT EXAM 2026 FULL PREPARATION
WITH CORRECT ANSWERS
◉ Innovation Process Steps. Answer: imagining, designing,
experimenting, assessing, scaling
◉ Innovation 1. Answer: imagining—thinking about new
possibilities. (innovation)
◉ Innovation 2. Answer: designing—building initial models,
prototypes, or samples. (innovation)
◉ Innovation 3. Answer: experimenting— examining practicality
and financial value through experiments and feasibility studies.
(innovation)
◉ Innovation 4. Answer: assessing—identifying strengths and
weaknesses, potential costs and benefits, and potential markets or
applications. (innovation)
◉ Innovation 5. Answer: scaling— implementing what has been
learned and commercializing new products or services. (innovation)
,◉ imagining. Answer: thinking about new possibilities. (innovation)
◉ designing. Answer: building initial models, prototypes, or
samples. (innovation)
◉ experimenting. Answer: examining practicality and financial value
through experiments and feasibility studies. (innovation)
◉ assessing. Answer: identifying strengths and weaknesses,
potential costs and benefits, and potential markets or applications.
(innovation)
◉ scaling. Answer: implementing what has been learned and
commercializing new products or services. (innovation)
◉ Economic Environment. Answer: The economy's overall health in
terms of financial markets, inflation, income levels, and job creation
◉ Legal-Political Environment. Answer: current and proposed laws
and regulations, government policies, and the philosophy and
objectives of political parties.
, ◉ Socio-Cultural Environment. Answer: demographics and norms of
a society or region, as well as social values pertaining to such things
as employment, gender roles, ethics, human rights, and lifestyles
◉ Natural Environment. Answer: green values, recycling
infrastructure
◉ Technological Environment. Answer: IT systems/infrastructure,
social media, bandwidth, smart devices
◉ Strategic human resource management. Answer: The mobilization
of human capital to implement organizational strategies.
◉ HRM. Answer: Attracting a quality workforce, developing a quality
workforce, maintaining a quality workforce
◉ Attracting. Answer: Talent acquisition through human resource
planning, employee recruitment, and employee selection.
◉ Developing. Answer: Talent development through employee
orientation, training and development, and performance
management.
MANAGEMENT EXAM 2026 FULL PREPARATION
WITH CORRECT ANSWERS
◉ Innovation Process Steps. Answer: imagining, designing,
experimenting, assessing, scaling
◉ Innovation 1. Answer: imagining—thinking about new
possibilities. (innovation)
◉ Innovation 2. Answer: designing—building initial models,
prototypes, or samples. (innovation)
◉ Innovation 3. Answer: experimenting— examining practicality
and financial value through experiments and feasibility studies.
(innovation)
◉ Innovation 4. Answer: assessing—identifying strengths and
weaknesses, potential costs and benefits, and potential markets or
applications. (innovation)
◉ Innovation 5. Answer: scaling— implementing what has been
learned and commercializing new products or services. (innovation)
,◉ imagining. Answer: thinking about new possibilities. (innovation)
◉ designing. Answer: building initial models, prototypes, or
samples. (innovation)
◉ experimenting. Answer: examining practicality and financial value
through experiments and feasibility studies. (innovation)
◉ assessing. Answer: identifying strengths and weaknesses,
potential costs and benefits, and potential markets or applications.
(innovation)
◉ scaling. Answer: implementing what has been learned and
commercializing new products or services. (innovation)
◉ Economic Environment. Answer: The economy's overall health in
terms of financial markets, inflation, income levels, and job creation
◉ Legal-Political Environment. Answer: current and proposed laws
and regulations, government policies, and the philosophy and
objectives of political parties.
, ◉ Socio-Cultural Environment. Answer: demographics and norms of
a society or region, as well as social values pertaining to such things
as employment, gender roles, ethics, human rights, and lifestyles
◉ Natural Environment. Answer: green values, recycling
infrastructure
◉ Technological Environment. Answer: IT systems/infrastructure,
social media, bandwidth, smart devices
◉ Strategic human resource management. Answer: The mobilization
of human capital to implement organizational strategies.
◉ HRM. Answer: Attracting a quality workforce, developing a quality
workforce, maintaining a quality workforce
◉ Attracting. Answer: Talent acquisition through human resource
planning, employee recruitment, and employee selection.
◉ Developing. Answer: Talent development through employee
orientation, training and development, and performance
management.
