MGMT 310 PRINCIPLES ACTUAL PAPER 2026
QUESTIONS GRADED A+
⩥ Which of the following is the first step in the stakeholder mapping
process? Answer: Map all stakeholder relationships of the firm.
⩥ A firm's strategic choices and leadership approaches need to
Answer: adapt and change to retain their relevance.
⩥ VUCA is an acronym for ___________that captures the context in
which today's organizations compete. Answer: volatile, uncertain,
complex, and ambiguous
⩥ Which of the following actions is more likely to be taken by a
manager rather than a leader? Answer: Working with a group of
people to accomplish a desired goal in an efficient manner
⩥ Sally is the manager of Grubb It, a fast-food outlet. She is looking
out for trends or events that could turn out to be a problem for the
outlet in the future. She believes that the outlet's close proximity to a
school could pose a problem, because of a growing concern over
childhood obesity. In this scenario, Sally is involved in: Answer:
environmental scanning
⩥ The stakeholder view of the firm does all of the following except:
Answer: aims to produce the highest possible stock market valuation
of the firm's assets.
, ⩥ To build contextual intelligence, a manager should not: Answer:
map stakeholder relationships
⩥ According to Weber, which of the following is a feature of an ideal
bureaucracy? Answer: Clear differentiation of tasks and
responsibilities among individuals
⩥ _______ focuses on how jobs, work, and incentive schemes could
be designed to improve productivity using industrial engineering
methods. Answer: scientific management
⩥ Forecasting the likely result that might occur when several events
and stakeholders are linked together is known as: Answer: scenario
building
⩥ The _________ saw the firm as a mechanism for converting raw
materials into products to sell to customers. Answer: managerial view
⩥ The internal environment includes all of the following except:
Answer: customers
⩥ The most favored nation principle, agreed upon by GATT members,
meant that: Answer: a tariff rate granted to one member of GATT
would be extended to all members.
QUESTIONS GRADED A+
⩥ Which of the following is the first step in the stakeholder mapping
process? Answer: Map all stakeholder relationships of the firm.
⩥ A firm's strategic choices and leadership approaches need to
Answer: adapt and change to retain their relevance.
⩥ VUCA is an acronym for ___________that captures the context in
which today's organizations compete. Answer: volatile, uncertain,
complex, and ambiguous
⩥ Which of the following actions is more likely to be taken by a
manager rather than a leader? Answer: Working with a group of
people to accomplish a desired goal in an efficient manner
⩥ Sally is the manager of Grubb It, a fast-food outlet. She is looking
out for trends or events that could turn out to be a problem for the
outlet in the future. She believes that the outlet's close proximity to a
school could pose a problem, because of a growing concern over
childhood obesity. In this scenario, Sally is involved in: Answer:
environmental scanning
⩥ The stakeholder view of the firm does all of the following except:
Answer: aims to produce the highest possible stock market valuation
of the firm's assets.
, ⩥ To build contextual intelligence, a manager should not: Answer:
map stakeholder relationships
⩥ According to Weber, which of the following is a feature of an ideal
bureaucracy? Answer: Clear differentiation of tasks and
responsibilities among individuals
⩥ _______ focuses on how jobs, work, and incentive schemes could
be designed to improve productivity using industrial engineering
methods. Answer: scientific management
⩥ Forecasting the likely result that might occur when several events
and stakeholders are linked together is known as: Answer: scenario
building
⩥ The _________ saw the firm as a mechanism for converting raw
materials into products to sell to customers. Answer: managerial view
⩥ The internal environment includes all of the following except:
Answer: customers
⩥ The most favored nation principle, agreed upon by GATT members,
meant that: Answer: a tariff rate granted to one member of GATT
would be extended to all members.
