PRINCIPLES OF MANAGEMENTS ACTUAL EXAM 2025/2026
ACCURATE TEST REAL QUESTIONS AND CORRECT DETAILED
ANSWERS (100% CORRECT VERIFIED SOLUTIONS) LATEST
UPDATED VERSION |GUARANTEED PASS A+
Skilled management, positive cash flow, and well-known brands
are examples of which component of the SWOT analysis?
Answer- Strengths
What denotes skills or expertise in an activity that constitutes the
roots of competitiveness in an organization?
Answer- Core competencies
According to Michael Porter's competitive environment model,
how can suppliers influence strategic planning?
Answer- Suppliers can reduce manufacturing time and increase
product quality.
A company offers unique products in its industry to create a
competitive advantage.
,Which type of strategy is the company using?
Answer- Differentiation
Happy Inc. is a leading provider of family entertainment and
BCD is a broadcasting company with news, cable, and
entertainment networks. Happy Inc. recently acquired BCD in
hopes of boosting its primary business of family entertainment.
Which type of corporate strategy is represented by Happy Inc.'s
purchase of their distribution network?
Answer- Vertical Integration
A local business has provided services to its customers for 40
years. The business's mission is "To give our customers the best
service in town." The owner of the business has had a long-
standing dream to franchise the business and become the best
provider of its service in the United States.
What describes the owner's dream?
Answer- Strategic vision
, What is the first step of organizational strategic planning?
Answer- Developing a strategic mission
What is the principal idea of reengineering?
Answer- To revolutionize key organizational systems and
processes
How many defects per million are there at Six Sigma, assuming
a product or process is defect-free 99.99966% of the time?
Answer- Less than 3.4
What is the last step to Deming's 14 points of quality
management?
Answer- To take action to accomplish the transformation
Process checklists and project audits are components of which
management process?