MANAGEMENT GLOBAL EDITION 15 EXAM
PREP 2026 SOLVED QUESTIONS ANSWERS
GRADED A PLUS CORPORATE PLANNING
HANDBOOK
◉ Top managers need:
Answer: • High conceptual skills
• Low technical skills
◉ Middle managers need:
Answer: All three skills equally
◉ Lower-level managers need:
Answer: • Low conceptual skills
• High technical skills
◉ Important managerial levels:
Answer: • Managing human capital
• Managing strategy and innovation
• Managing logistics and technology
___________________________________________
,• Managing change
• Managing decision-making processes
• Using purposeful networking
___________________________________________
• Inspiring commitment
• Structuring work and having things done
• Facilitating psychological and social contexts of work
◉ Changes facing managers:
Answer: • Digitization and change of technology
• Emphasis on organizational and managerial ethics
• Increased competitiveness
• Changing security threats
◉ Digitization:
Answer: Shifts organizational boundaries; virtual workplaces; more
mobile workforce; flexible work arrangements; empowered
employees; work life-personal life balance
◉ Emphasis on organizational and managerial ethics:
Answer: Redefined values; rebuilding trust; increased accountability
,◉ Increased competitiveness:
Answer: Customer service; innovation; globalization; productivity
◉ Changing security threats:
Answer: Risk management; uncertainty over future energy sources,
economic climate, and prices; restructured workplace;
discrimination; globalization; employee assistance
◉ Customers are important for:
Answer: • Managing relationships with managers and employees.
• Survival from consistent high quality customer service.
◉ Universality of management:
Answer: Management is needed in:
• All types and sizes of organizations (profit or non-profit and small
or large)
• At all organizational levels (bottom or top)
• In all organizational work areas (manufacturing or human
resources)
• In all organizations, regardless of location
◉ Challenges of being a manager:
Answer: • Can be a thankless job
, • Can entail clerical type duties
• Having to spend significant amounts of time in meetings and
dealing with interruptions
• Having to deal with a variety of personalities and have to make do
with limited resources
◉ Rewards for being a manager:
Answer: • Being responsible for creating a productive work
environment.
• Being recognized in your organization and in the community.
• Having attractive compensation in the form of salaries, bonuses,
and stock options.
◉ Decision-making conditions:
Answer: • Certainty
• Risk
• Uncertainty
◉ Certainty
Answer: A manager can make accurate decisions because all
outcomes are known.
◉ Risk
PREP 2026 SOLVED QUESTIONS ANSWERS
GRADED A PLUS CORPORATE PLANNING
HANDBOOK
◉ Top managers need:
Answer: • High conceptual skills
• Low technical skills
◉ Middle managers need:
Answer: All three skills equally
◉ Lower-level managers need:
Answer: • Low conceptual skills
• High technical skills
◉ Important managerial levels:
Answer: • Managing human capital
• Managing strategy and innovation
• Managing logistics and technology
___________________________________________
,• Managing change
• Managing decision-making processes
• Using purposeful networking
___________________________________________
• Inspiring commitment
• Structuring work and having things done
• Facilitating psychological and social contexts of work
◉ Changes facing managers:
Answer: • Digitization and change of technology
• Emphasis on organizational and managerial ethics
• Increased competitiveness
• Changing security threats
◉ Digitization:
Answer: Shifts organizational boundaries; virtual workplaces; more
mobile workforce; flexible work arrangements; empowered
employees; work life-personal life balance
◉ Emphasis on organizational and managerial ethics:
Answer: Redefined values; rebuilding trust; increased accountability
,◉ Increased competitiveness:
Answer: Customer service; innovation; globalization; productivity
◉ Changing security threats:
Answer: Risk management; uncertainty over future energy sources,
economic climate, and prices; restructured workplace;
discrimination; globalization; employee assistance
◉ Customers are important for:
Answer: • Managing relationships with managers and employees.
• Survival from consistent high quality customer service.
◉ Universality of management:
Answer: Management is needed in:
• All types and sizes of organizations (profit or non-profit and small
or large)
• At all organizational levels (bottom or top)
• In all organizational work areas (manufacturing or human
resources)
• In all organizations, regardless of location
◉ Challenges of being a manager:
Answer: • Can be a thankless job
, • Can entail clerical type duties
• Having to spend significant amounts of time in meetings and
dealing with interruptions
• Having to deal with a variety of personalities and have to make do
with limited resources
◉ Rewards for being a manager:
Answer: • Being responsible for creating a productive work
environment.
• Being recognized in your organization and in the community.
• Having attractive compensation in the form of salaries, bonuses,
and stock options.
◉ Decision-making conditions:
Answer: • Certainty
• Risk
• Uncertainty
◉ Certainty
Answer: A manager can make accurate decisions because all
outcomes are known.
◉ Risk
