1|Page
MGMT 339 EXAM 1|2025-2026 LATEST UPDATED | ACTUAL
EXAM QUESTIONS WITH SOLUTIONS | 100% RATED
CORRECT | 100% VERFIED SOLTIONS | ALREADY GRADED
A+
Which of the following involves keeping costs low enough so that a company can
realize profits while pricing its products at levels that are attractive to consumers? -
(answer)cost competitiveness
Which of the following roles involves searching for new business opportunities
and initiating new projects to create change? - (answer)entrepreneur
_____ is defined as the excellence of a product. - (answer)quality
Which of the following is one of the four fundamental traditional management
functions? - (answer)planning
_____ is the introduction of new goods and services. - (answer)innovation
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The three levels of managers within large organizations are - (answer)top, middle,
and frontline.
Which of the following skills is Susan showing by taking the time to talk with the
person interviewing her for the local newspaper? - (answer)interpersonal skills
The chief executive officer, company president, and the chief operating officer are
all examples of _____ managers. - (answer)strategic
The change from a local to a global marketplace is - (answer)irreversible
As one of the key management functions, leading focuses on a manager's efforts to
- (answer)motivate people to contribute their ideas.
,3|Page
A process that involves managers from all parts of an organization in the
formulation and implementation of strategic goals and strategies is called -
(answer)strategic management
_____ is the conscious, systematic process of making decisions about goals and
activities that a person, group, work unit, or organization will pursue in the future. -
(answer)planning
Most strategic control systems include which of the following in order to monitor
and control major financial expenditures? - (answer)a budget
A clear and concise expression of what an organization does, whom it does it for,
its basic goods or services, and its values is known as its - (answer)mission
Which of the following describes an organization's basic purpose? - (answer)the
mission statement
, 4|Page
Strategic planning involves making decisions about an organization's -
(answer)long-term goals
The managers at Foolproof Fabricators believe that several of the product ideas
being considered have the potential of becoming iconic brands that will distinguish
Foolproof from its competitors, which is one of their high-priority goals. In which
of the following stages of the formal planning processes is Foolproof involved? -
(answer)goal and plan evaluation
Juanita, a manager of a glassware company, is in the process of deciding what
items to add to next year's line of merchandise. For research purposes, she
analyzed the past and present conditions of the market and also forecasted future
trends. Which of the following steps of the formal planning process has Juanita
performed? - (answer)situational analysis
On-Time Delivery has a unique software program that tracks packages in real time
and maps every step of their journey. Such a technology, which gives the company
an edge over competitors, would be called a - (answer)core capability
MGMT 339 EXAM 1|2025-2026 LATEST UPDATED | ACTUAL
EXAM QUESTIONS WITH SOLUTIONS | 100% RATED
CORRECT | 100% VERFIED SOLTIONS | ALREADY GRADED
A+
Which of the following involves keeping costs low enough so that a company can
realize profits while pricing its products at levels that are attractive to consumers? -
(answer)cost competitiveness
Which of the following roles involves searching for new business opportunities
and initiating new projects to create change? - (answer)entrepreneur
_____ is defined as the excellence of a product. - (answer)quality
Which of the following is one of the four fundamental traditional management
functions? - (answer)planning
_____ is the introduction of new goods and services. - (answer)innovation
,2|Page
The three levels of managers within large organizations are - (answer)top, middle,
and frontline.
Which of the following skills is Susan showing by taking the time to talk with the
person interviewing her for the local newspaper? - (answer)interpersonal skills
The chief executive officer, company president, and the chief operating officer are
all examples of _____ managers. - (answer)strategic
The change from a local to a global marketplace is - (answer)irreversible
As one of the key management functions, leading focuses on a manager's efforts to
- (answer)motivate people to contribute their ideas.
,3|Page
A process that involves managers from all parts of an organization in the
formulation and implementation of strategic goals and strategies is called -
(answer)strategic management
_____ is the conscious, systematic process of making decisions about goals and
activities that a person, group, work unit, or organization will pursue in the future. -
(answer)planning
Most strategic control systems include which of the following in order to monitor
and control major financial expenditures? - (answer)a budget
A clear and concise expression of what an organization does, whom it does it for,
its basic goods or services, and its values is known as its - (answer)mission
Which of the following describes an organization's basic purpose? - (answer)the
mission statement
, 4|Page
Strategic planning involves making decisions about an organization's -
(answer)long-term goals
The managers at Foolproof Fabricators believe that several of the product ideas
being considered have the potential of becoming iconic brands that will distinguish
Foolproof from its competitors, which is one of their high-priority goals. In which
of the following stages of the formal planning processes is Foolproof involved? -
(answer)goal and plan evaluation
Juanita, a manager of a glassware company, is in the process of deciding what
items to add to next year's line of merchandise. For research purposes, she
analyzed the past and present conditions of the market and also forecasted future
trends. Which of the following steps of the formal planning process has Juanita
performed? - (answer)situational analysis
On-Time Delivery has a unique software program that tracks packages in real time
and maps every step of their journey. Such a technology, which gives the company
an edge over competitors, would be called a - (answer)core capability
