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Exam (elaborations)

MGMT 339 EXAM QUESTIONS WITH 100% CORRECT ANSWERS | LATEST VERSION 2025/2026.

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What is management? - ANS Planning, organizing, and controlling work of others so activities are completed effectively & efficiently to achieve organizational goals Organizational goal - ANS -maximize profit -become successful by surviving and growing as a company Value - ANS Benefit/Cost = Value Ways to deliver Value - ANS 1. Innovation 2. Quality 3. Service 4. Speed 5. Cost 6. Sustainability Major challenges in managing the new competitive landscape? - ANS 1. Globalization: S&D amongst other countries 2. Technological change: adapt to change in consumer taste 3. Knowledge management: find, unlock, and capitalize on unique resources 2 | Page @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED 4. Collaboration across borders Functions of Management - ANS 1. Planning 2. Organizing 3. Leading 4. Controlling Management Levels - Top-level - ANS Senior executives responsible for overall management and effectiveness of organization Management Levels - Mid-level - ANS Report to top level Management Levels - Frontline - ANS Supervise operational activities of organization Management Skills - ANS 1. Technical Skills 2. Conceptual/Decision Skills 3. Interpersonal Communication Skills 4. Relationship w/ management levels What is plamning? - ANS process of making decisions about goals and activities that they plan to pursue in the future Characteristics of effective goals (SMART) - ANS Specific Measurable Attainable Relevant Time-bound Levels of Planning

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MGMT 339
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Uploaded on
September 17, 2025
Number of pages
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Written in
2025/2026
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  • mgmt 339 exam questions with 100 correct answers

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MGMT 339 EXAM QUESTIONS WITH
100% CORRECT ANSWERS | LATEST
VERSION 2025/2026.




What is management? - ANS Planning, organizing, and controlling work of others so activities
are completed effectively & efficiently to achieve organizational goals


Organizational goal - ANS -maximize profit
-become successful by surviving and growing as a company


Value - ANS Benefit/Cost = Value


Ways to deliver Value - ANS 1. Innovation
2. Quality
3. Service
4. Speed
5. Cost
6. Sustainability


Major challenges in managing the new competitive landscape? - ANS 1. Globalization: S&D
amongst other countries
2. Technological change: adapt to change in consumer taste
3. Knowledge management: find, unlock, and capitalize on unique resources

1 | Page @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED

, 4. Collaboration across borders


Functions of Management - ANS 1. Planning
2. Organizing
3. Leading
4. Controlling


Management Levels - Top-level - ANS Senior executives responsible for overall management
and effectiveness of organization


Management Levels - Mid-level - ANS Report to top level


Management Levels - Frontline - ANS Supervise operational activities of organization


Management Skills - ANS 1. Technical Skills
2. Conceptual/Decision Skills
3. Interpersonal Communication Skills
4. Relationship w/ management levels


What is plamning? - ANS process of making decisions about goals and activities that they
plan to pursue in the future


Characteristics of effective goals (SMART) - ANS Specific
Measurable
Attainable
Relevant
Time-bound


Levels of Planning - Strategic - ANS Goals regarding long term survival and growth

2 | Page @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
R217,17
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