MGT 301 Sample Questions and Answers
2025/2026 Update | 100% Correct
German automakers Audi, Mercedes-Benz, and BMW all share the same goal of leading
the international luxury vehicle market. Audi has made the decision to target younger
professionals in established markets and this decision is reflected in the company's new,
trendy body designs. Audi's approach of targeting younger professionals in established
markets is a strategic move aimed at _____.
attacking competition
Which of the following is not a form of direct control?
The use of financial ratios that provide insights into a unit's financial health
The process of evaluating results in relation to plans or objectives and deciding what
action, if any, to take is referred to as _____.
controlling
A(n) _____ is an evaluation tool that is used to identify individuals with the potential to be
selected or promoted to higher-level positions.
assessment center
A typical assessment center would involve simulation exercises that would include the
following except _____.
oral communications of a business plan
, A group of workers who meet on a regular basis to discuss ways of improving the quality of
work is referred to as a _____.
quality control circle
The most common types of performance measures used for control purposes include the
following except _____.
international monetary performance
Which of the following statements is true in the context of the decision-making process?
The decision-making process is often linear, though looping back is common.
A multinational company (MNC) is likely to decentralize its decision making when:
the home office has a lot of confidence in delegating to a local level.
One technique associated with total quality management (TQM) is the use of ongoing
training to achieve _____.
continual improvement
Personal computer (PC) firms are finding that they must keep on the cutting edge more
than any other industry because of:
the relentless pace of technological change.
The amount of _____ directly relates to how well or how poorly a unit is judged to perform.
profit
2025/2026 Update | 100% Correct
German automakers Audi, Mercedes-Benz, and BMW all share the same goal of leading
the international luxury vehicle market. Audi has made the decision to target younger
professionals in established markets and this decision is reflected in the company's new,
trendy body designs. Audi's approach of targeting younger professionals in established
markets is a strategic move aimed at _____.
attacking competition
Which of the following is not a form of direct control?
The use of financial ratios that provide insights into a unit's financial health
The process of evaluating results in relation to plans or objectives and deciding what
action, if any, to take is referred to as _____.
controlling
A(n) _____ is an evaluation tool that is used to identify individuals with the potential to be
selected or promoted to higher-level positions.
assessment center
A typical assessment center would involve simulation exercises that would include the
following except _____.
oral communications of a business plan
, A group of workers who meet on a regular basis to discuss ways of improving the quality of
work is referred to as a _____.
quality control circle
The most common types of performance measures used for control purposes include the
following except _____.
international monetary performance
Which of the following statements is true in the context of the decision-making process?
The decision-making process is often linear, though looping back is common.
A multinational company (MNC) is likely to decentralize its decision making when:
the home office has a lot of confidence in delegating to a local level.
One technique associated with total quality management (TQM) is the use of ongoing
training to achieve _____.
continual improvement
Personal computer (PC) firms are finding that they must keep on the cutting edge more
than any other industry because of:
the relentless pace of technological change.
The amount of _____ directly relates to how well or how poorly a unit is judged to perform.
profit
