P R O F E S S I O N A L P R A C T I C E M AT E R I A L S
Principles of Management
Exam Questions & Answers
Comprehensive 2026/2027
Edition
Verified Answers Exam Ready 173 QUESTIONS
DOCUMENT OVERVIEW
This comprehensive document provides 173 management principles exam questions, each
paired with its correct answer for effective study. It covers fundamental management
concepts, offering a robust resource for students preparing for exams, reviewing course
material, or seeking certification. This resource directly aligns with the acquisition of
essential management knowledge.
TOPICS
• Foundations of Management • Management Trends
• Managerial Roles & Skills • Historical Management Theories
• Fayol's Principles • Behavioral Management
• Management Science • Systems & Contingency Theory
E XA M Q U EST I O N S
Q1 QUESTION 1 OF 173
Management changes with:
Page 1
, ANSWER
employees, technology, etc.
Q2 QUESTION 2 OF 173
Organization
ANSWER
People working together and coordinating their actions to achieve specific goals.
Q3 QUESTION 3 OF 173
Goal
ANSWER
A desired future condition that the organization seeks to achieve.
Q4 QUESTION 4 OF 173
Management
ANSWER
The process of using organizational resources to achieve the organizations goals.
Q5 QUESTION 5 OF 173
These goals are met by what (5) things?
Page 2
, ANSWER
1. Planning
2. Organizing
3. Controlling
4. Decision Making
5. Leading
Q6 QUESTION 6 OF 173
Who founded these functions?
ANSWER
Henry Fayol
Q7 QUESTION 7 OF 173
Resources are organizational assets and include:
ANSWER
-people
-machinery
-raw materials
-information, skills
-financial capital
Q8 QUESTION 8 OF 173
Managers are the people responsible for supervising the use of an organization's resources
to ________?
ANSWER
Meet it's goals
Q9 QUESTION 9 OF 173
Organizations must provide a ____ or ____ desired by it's customer.
Page 3
, ANSWER
good or service
Q10 QUESTION 10 OF 173
Example: Managers of Campbell's soup manage the firm to provide quality soup products.
ANSWER
Achieving High Performance
Q11 QUESTION 11 OF 173
Organizational Performance
ANSWER
Measures how efficiently and effectively managers use resources to satisfy customers and
achieve goals.
Q12 QUESTION 12 OF 173
Efficiency
ANSWER
A measure of how well resources are used to achieve a goal.
Q13 QUESTION 13 OF 173
Example: Usually, managers must try to minimize the input of resources to attain the same
goal.
ANSWER
Efficiency
Page 4
Principles of Management
Exam Questions & Answers
Comprehensive 2026/2027
Edition
Verified Answers Exam Ready 173 QUESTIONS
DOCUMENT OVERVIEW
This comprehensive document provides 173 management principles exam questions, each
paired with its correct answer for effective study. It covers fundamental management
concepts, offering a robust resource for students preparing for exams, reviewing course
material, or seeking certification. This resource directly aligns with the acquisition of
essential management knowledge.
TOPICS
• Foundations of Management • Management Trends
• Managerial Roles & Skills • Historical Management Theories
• Fayol's Principles • Behavioral Management
• Management Science • Systems & Contingency Theory
E XA M Q U EST I O N S
Q1 QUESTION 1 OF 173
Management changes with:
Page 1
, ANSWER
employees, technology, etc.
Q2 QUESTION 2 OF 173
Organization
ANSWER
People working together and coordinating their actions to achieve specific goals.
Q3 QUESTION 3 OF 173
Goal
ANSWER
A desired future condition that the organization seeks to achieve.
Q4 QUESTION 4 OF 173
Management
ANSWER
The process of using organizational resources to achieve the organizations goals.
Q5 QUESTION 5 OF 173
These goals are met by what (5) things?
Page 2
, ANSWER
1. Planning
2. Organizing
3. Controlling
4. Decision Making
5. Leading
Q6 QUESTION 6 OF 173
Who founded these functions?
ANSWER
Henry Fayol
Q7 QUESTION 7 OF 173
Resources are organizational assets and include:
ANSWER
-people
-machinery
-raw materials
-information, skills
-financial capital
Q8 QUESTION 8 OF 173
Managers are the people responsible for supervising the use of an organization's resources
to ________?
ANSWER
Meet it's goals
Q9 QUESTION 9 OF 173
Organizations must provide a ____ or ____ desired by it's customer.
Page 3
, ANSWER
good or service
Q10 QUESTION 10 OF 173
Example: Managers of Campbell's soup manage the firm to provide quality soup products.
ANSWER
Achieving High Performance
Q11 QUESTION 11 OF 173
Organizational Performance
ANSWER
Measures how efficiently and effectively managers use resources to satisfy customers and
achieve goals.
Q12 QUESTION 12 OF 173
Efficiency
ANSWER
A measure of how well resources are used to achieve a goal.
Q13 QUESTION 13 OF 173
Example: Usually, managers must try to minimize the input of resources to attain the same
goal.
ANSWER
Efficiency
Page 4
