PRINCIPLES OF MANAGEMENT EXAM
QUESTIONS WITH VERIFIED
ANSWERS. A+ GRADE 2025/2026.
Management changes with: - ANS employees, technology, etc.
Management Key Concepts: - ANS
Organization - ANS People working together and coordinating their actions to achieve
specific goals.
Goal - ANS A desired future condition that the organization seeks to achieve.
Management - ANS The process of using organizational resources to achieve the
organizations goals.
These goals are met by what (5) things? - ANS 1. Planning
2. Organizing
3. Controlling
4. Decision Making
5. Leading
Who founded these functions? - ANS Henry Fayol
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,Resources are organizational assets and include: - ANS -people
-machinery
-raw materials
-information, skills
-financial capital
Managers are the people responsible for supervising the use of an organization's resources to
________? - ANS Meet it's goals
Organizations must provide a ____ or ____ desired by it's customer. - ANS good or service
Example: Managers of Campbell's soup manage the firm to provide quality soup products. -
ANS Achieving High Performance
Organizational Performance - ANS Measures how efficiently and effectively managers use
resources to satisfy customers and achieve goals.
Efficiency - ANS A measure of how well resources are used to achieve a goal.
Example: Usually, managers must try to minimize the input of resources to attain the same
goal. - ANS Efficiency
Effectiveness - ANS A measure of the appropriateness of the goals chosen (are these the
right goals?), and the degree to which they are achieved.
Example: Organizations are more effective when managers choose the correct goals and then
achieve them. - ANS Effectiveness
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, Managerial Functions - ANS Henry Fayol was the first to describe 4 managerial functions
when the was the CEO of a large mining company in the late 1800's.
Fayol noted managers at all levels, operating in both for-profit and non-profit organizations,
must perform each of these (4) functions: - ANS 1. planning (choose goals)
2. organizing (working together)
3. leading (give direction)
4. controlling (monitor and measure)
Planning - ANS The process used by managers to identify and select appropriate goals and
courses of action for an organization.
(3) steps to good planning: - ANS 1. which goals should be pursued?
2. how should the goal be attained?
3. how should resources be allocated?
The planning function determines how ____ and ____ the organization is an determines the
strategy of the organization. - ANS effective and efficient
Organizing - ANS Managers create the structure of working relationships between
organizational members.
To organize, they group people into departments according to their tasks performed. -
ANS Managers will also layout lines of authority and responsibility for members. (ex. job
titles)
Organizational Structure - ANS is the outcome of organizing. This structure coordinated and
motivated employees so that they work together to achieve goals.
Leading - ANS Determine decision, state a clear vision for employees to follow and help
employees understand the role they play in attaining goals.
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
QUESTIONS WITH VERIFIED
ANSWERS. A+ GRADE 2025/2026.
Management changes with: - ANS employees, technology, etc.
Management Key Concepts: - ANS
Organization - ANS People working together and coordinating their actions to achieve
specific goals.
Goal - ANS A desired future condition that the organization seeks to achieve.
Management - ANS The process of using organizational resources to achieve the
organizations goals.
These goals are met by what (5) things? - ANS 1. Planning
2. Organizing
3. Controlling
4. Decision Making
5. Leading
Who founded these functions? - ANS Henry Fayol
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,Resources are organizational assets and include: - ANS -people
-machinery
-raw materials
-information, skills
-financial capital
Managers are the people responsible for supervising the use of an organization's resources to
________? - ANS Meet it's goals
Organizations must provide a ____ or ____ desired by it's customer. - ANS good or service
Example: Managers of Campbell's soup manage the firm to provide quality soup products. -
ANS Achieving High Performance
Organizational Performance - ANS Measures how efficiently and effectively managers use
resources to satisfy customers and achieve goals.
Efficiency - ANS A measure of how well resources are used to achieve a goal.
Example: Usually, managers must try to minimize the input of resources to attain the same
goal. - ANS Efficiency
Effectiveness - ANS A measure of the appropriateness of the goals chosen (are these the
right goals?), and the degree to which they are achieved.
Example: Organizations are more effective when managers choose the correct goals and then
achieve them. - ANS Effectiveness
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, Managerial Functions - ANS Henry Fayol was the first to describe 4 managerial functions
when the was the CEO of a large mining company in the late 1800's.
Fayol noted managers at all levels, operating in both for-profit and non-profit organizations,
must perform each of these (4) functions: - ANS 1. planning (choose goals)
2. organizing (working together)
3. leading (give direction)
4. controlling (monitor and measure)
Planning - ANS The process used by managers to identify and select appropriate goals and
courses of action for an organization.
(3) steps to good planning: - ANS 1. which goals should be pursued?
2. how should the goal be attained?
3. how should resources be allocated?
The planning function determines how ____ and ____ the organization is an determines the
strategy of the organization. - ANS effective and efficient
Organizing - ANS Managers create the structure of working relationships between
organizational members.
To organize, they group people into departments according to their tasks performed. -
ANS Managers will also layout lines of authority and responsibility for members. (ex. job
titles)
Organizational Structure - ANS is the outcome of organizing. This structure coordinated and
motivated employees so that they work together to achieve goals.
Leading - ANS Determine decision, state a clear vision for employees to follow and help
employees understand the role they play in attaining goals.
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
