UF MAN3025 EXAM 1 2026 WITH VERIFIED
QUESTIONS AND ACCURATE ANSWERS
1. If a company is found to have fabricated financial reports, what steps
should management take to restore trust with financiers?
Ignore the issue and focus on increasing profits.
Implement transparent reporting practices and enhance ethical
training for employees.
Shift blame to external factors and deny responsibility.
Reduce communication with financiers to avoid further scrutiny.
2. How does the Justice Approach differ from other ethical frameworks in
management?
It prioritizes profit maximization above all else.
It focuses solely on compliance with laws and regulations.
It encourages favoritism towards certain groups.
It emphasizes fairness and equity over personal or
organizational interests.
3. What are some key components of the economic environment as
discussed in management?
Economic development, infrastructure, resource and product
markets, per capita income, exchange rates, and economic
conditions
Management functions, organizational structure, leadership
styles, and communication methods
Labor market trends, consumer preferences, supply chain
logistics, and marketing strategies
,Political stability, cultural values, legal regulations, and
, technological advancements
4. The development of the assembly line by Henry Ford is based on the
principles of
Both scientific management and mass production
Scientific management
None of these answers is correct
Mass production
5. Describe how the four building blocks of competitive advantage
contribute to an organization's success.
They primarily focus on reducing costs and increasing profits
without considering customer satisfaction.
They emphasize the importance of employee satisfaction over
customer needs.
The four building blocks enhance an organization's ability to
meet customer needs, adapt to changes, optimize operations,
and maintain high standards.
They are only relevant in manufacturing industries and do not
apply to service sectors.
6. In a scenario where a company must decide on layoffs, how would the
Justice Approach guide their decision-making process?
By laying off employees based on seniority alone without
considering other factors.
By making decisions based on personal relationships with
employees.
By choosing to retain the most profitable employees regardless
of fairness.
, By ensuring that the layoffs are conducted based on fair
criteria applicable to all employees.
7. What does the Human Relations movement suggest about the treatment
of workers?
Workers should be managed strictly to ensure productivity.
Treating them like human beings would probably be more
productive.
Workers do not require social interaction to be productive.
Workers are primarily motivated by financial incentives.
8. What is the primary goal of quality control in production?
Increasing employee satisfaction
Maximizing profits
Enhancing marketing strategies
Minimizing errors
9. In a scenario where a company is facing low employee morale, which
management function should be prioritized to address this issue?
Organizing
Leading
Planning
Controlling
10. Describe how closed systems differ from open systems in a
management context.
Closed systems have limited interaction with their
environment, while open systems engage actively with
QUESTIONS AND ACCURATE ANSWERS
1. If a company is found to have fabricated financial reports, what steps
should management take to restore trust with financiers?
Ignore the issue and focus on increasing profits.
Implement transparent reporting practices and enhance ethical
training for employees.
Shift blame to external factors and deny responsibility.
Reduce communication with financiers to avoid further scrutiny.
2. How does the Justice Approach differ from other ethical frameworks in
management?
It prioritizes profit maximization above all else.
It focuses solely on compliance with laws and regulations.
It encourages favoritism towards certain groups.
It emphasizes fairness and equity over personal or
organizational interests.
3. What are some key components of the economic environment as
discussed in management?
Economic development, infrastructure, resource and product
markets, per capita income, exchange rates, and economic
conditions
Management functions, organizational structure, leadership
styles, and communication methods
Labor market trends, consumer preferences, supply chain
logistics, and marketing strategies
,Political stability, cultural values, legal regulations, and
, technological advancements
4. The development of the assembly line by Henry Ford is based on the
principles of
Both scientific management and mass production
Scientific management
None of these answers is correct
Mass production
5. Describe how the four building blocks of competitive advantage
contribute to an organization's success.
They primarily focus on reducing costs and increasing profits
without considering customer satisfaction.
They emphasize the importance of employee satisfaction over
customer needs.
The four building blocks enhance an organization's ability to
meet customer needs, adapt to changes, optimize operations,
and maintain high standards.
They are only relevant in manufacturing industries and do not
apply to service sectors.
6. In a scenario where a company must decide on layoffs, how would the
Justice Approach guide their decision-making process?
By laying off employees based on seniority alone without
considering other factors.
By making decisions based on personal relationships with
employees.
By choosing to retain the most profitable employees regardless
of fairness.
, By ensuring that the layoffs are conducted based on fair
criteria applicable to all employees.
7. What does the Human Relations movement suggest about the treatment
of workers?
Workers should be managed strictly to ensure productivity.
Treating them like human beings would probably be more
productive.
Workers do not require social interaction to be productive.
Workers are primarily motivated by financial incentives.
8. What is the primary goal of quality control in production?
Increasing employee satisfaction
Maximizing profits
Enhancing marketing strategies
Minimizing errors
9. In a scenario where a company is facing low employee morale, which
management function should be prioritized to address this issue?
Organizing
Leading
Planning
Controlling
10. Describe how closed systems differ from open systems in a
management context.
Closed systems have limited interaction with their
environment, while open systems engage actively with
