FINAL EXAM MGT 201 PRINCIPLES OF
MANAGEMENT PRACTICE SOLUTION 2026
TESTED QUESTIONS WITH FULL ANSWERS
◉ ____________ is specifying the goals to be achieved and deciding in
advance the appropriate actions needed to achieve those goals.
Answer: Planning
◉ Through careful monitoring of the financial budget of a firm,
managers can detect potential problems in reaching their financial
goals and take actions to reverse the problem. This is an example of
the management function of: Answer: Controlling
◉ CEO, president, COO, and vice president are all titles typical of
which level of management? Answer: Startegic Level
◉ Managers responsible for supervising the operations of an
organization are referred to as _______________ managers. Answer:
Frontline
◉ Which of the following managerial roles involves maintaining a
network of outside contacts and alliances that provide information
and favors? Answer: Liason
,◉ _____________ is the set of skills composed of understanding oneself,
managing oneself, and dealing effectively with others. Answer:
Emotional Intelligence
◉ _________________ is the introduction of new goods and services.
Answer: Innovation
◉ The introduction of new goods and services. Answer: Innovation
◉ Means keeping costs low enough so that a company can realize
profits and price its products (goods or services) at levels that are
attractive to consumers. Answer: Cost competitiveness
◉ Giving customers what they want or need, when and where they
want it. Answer: Service
◉ Rapid execution, response, and delivery of results. Answer: Speed
◉ The excellence of one's product or service measured in terms of
product performance. Answer: Quality
◉ When the manager notifies the employees of the pending layoff,
which of the managerial roles is a manager performing? Answer:
Disseminator
,◉ Which of the following is NOT one of the four practical reasons for
studying the history of management? Answer: Provides a guide
interpersonal interaction
◉ Which management scholar is most associated with the study of
bureaucracy? Answer: Max Weber
◉ The ________________ approach aimed at understanding how
psychological and social processes interact with the work situation
to influence performance. Answer: Human Relation
◉ Which contemporary approach emphasizes the application of
quantitative techniques, such as statistics and computer simulations,
to improve management practice? Answer: Quantitative
management
◉ ________________ is a contemporary management approach that
studies and identifies management activities that promote employee
effectiveness by examining the complex and dynamic nature of
individual, group, and organizational processes. Answer:
Organization Behavior
, ◉ One of the fourteen principles of management identified by Henri
Fayol was the subordination of individual interest to the general
interest. (T/F) Answer: True
◉ Bureaucracy can be defined as: Answer: a classical management
approach emphasizing a structured, formal network of relationships
among specialized positions in the organization.
◉ The ______________ refutes universal principles of management by
stating that a variety of factors, both internal and external to the
firm, may affect an organization's performance. Answer:
Contingency perspective
◉ All organizations operate in a macro environment. (T/F) Answer:
True
◉ Margaret, a new manager at The Royal Deli, has been asked to
focus on the competitive environment of the organization. Which of
these factors is among those that Margaret should focus on? Answer:
Suppliers
◉ __________________ means that managers do not have enough
information about the surroundings needed to understand or
predict the future. Answer: Environmental uncertainty
MANAGEMENT PRACTICE SOLUTION 2026
TESTED QUESTIONS WITH FULL ANSWERS
◉ ____________ is specifying the goals to be achieved and deciding in
advance the appropriate actions needed to achieve those goals.
Answer: Planning
◉ Through careful monitoring of the financial budget of a firm,
managers can detect potential problems in reaching their financial
goals and take actions to reverse the problem. This is an example of
the management function of: Answer: Controlling
◉ CEO, president, COO, and vice president are all titles typical of
which level of management? Answer: Startegic Level
◉ Managers responsible for supervising the operations of an
organization are referred to as _______________ managers. Answer:
Frontline
◉ Which of the following managerial roles involves maintaining a
network of outside contacts and alliances that provide information
and favors? Answer: Liason
,◉ _____________ is the set of skills composed of understanding oneself,
managing oneself, and dealing effectively with others. Answer:
Emotional Intelligence
◉ _________________ is the introduction of new goods and services.
Answer: Innovation
◉ The introduction of new goods and services. Answer: Innovation
◉ Means keeping costs low enough so that a company can realize
profits and price its products (goods or services) at levels that are
attractive to consumers. Answer: Cost competitiveness
◉ Giving customers what they want or need, when and where they
want it. Answer: Service
◉ Rapid execution, response, and delivery of results. Answer: Speed
◉ The excellence of one's product or service measured in terms of
product performance. Answer: Quality
◉ When the manager notifies the employees of the pending layoff,
which of the managerial roles is a manager performing? Answer:
Disseminator
,◉ Which of the following is NOT one of the four practical reasons for
studying the history of management? Answer: Provides a guide
interpersonal interaction
◉ Which management scholar is most associated with the study of
bureaucracy? Answer: Max Weber
◉ The ________________ approach aimed at understanding how
psychological and social processes interact with the work situation
to influence performance. Answer: Human Relation
◉ Which contemporary approach emphasizes the application of
quantitative techniques, such as statistics and computer simulations,
to improve management practice? Answer: Quantitative
management
◉ ________________ is a contemporary management approach that
studies and identifies management activities that promote employee
effectiveness by examining the complex and dynamic nature of
individual, group, and organizational processes. Answer:
Organization Behavior
, ◉ One of the fourteen principles of management identified by Henri
Fayol was the subordination of individual interest to the general
interest. (T/F) Answer: True
◉ Bureaucracy can be defined as: Answer: a classical management
approach emphasizing a structured, formal network of relationships
among specialized positions in the organization.
◉ The ______________ refutes universal principles of management by
stating that a variety of factors, both internal and external to the
firm, may affect an organization's performance. Answer:
Contingency perspective
◉ All organizations operate in a macro environment. (T/F) Answer:
True
◉ Margaret, a new manager at The Royal Deli, has been asked to
focus on the competitive environment of the organization. Which of
these factors is among those that Margaret should focus on? Answer:
Suppliers
◉ __________________ means that managers do not have enough
information about the surroundings needed to understand or
predict the future. Answer: Environmental uncertainty
