MGT2037
Principles of Management
Finals Exam (Qns & Ans)
2025
General Instructions
1. Read All Questions Carefully: Make sure you understand each question.
2. Time Management: You have a specific amount of time to complete the exam.
Keep an eye on the clock and pace yourself.
3. Allowed Materials: Only use materials that are explicitly allowed. Unauthorized
materials can lead to disqualification.
4. ANS Format: Follow the required format for your ANS. For example, multiple-
choice questions might need you to select the best ANS, while essay questions
require detailed responses.
5. Academic Integrity: Adhere to the university's honor code. Any form of cheating or
plagiarism is strictly prohibited.
6. Technical Requirements: Ensure your computer and internet connection are
stable. For online exams, you might need a webcam and microphone for proctoring
purposes.
7. Submission: Submit your ANS before the time expires. Late submissions might
not be accepted.
©2024/2025
,1. Which of the following best describes the primary function of
management?
- A. To produce goods and services
- B. To plan, organize, lead, and control organizational
resources
- C. To conduct market research
- D. To manage financial resources
- ANS: B
- Rationale: The primary function of management is to plan,
organize, lead, and control organizational resources to achieve
organizational goals effectively and efficiently.
2. What is the primary purpose of strategic planning in
management?
- A. To manage daily operations
- B. To set long-term goals and determine the best strategies to
achieve them
- C. To develop new products
- D. To conduct financial analysis
- ANS: B
©2024/2025
, - Rationale: Strategic planning involves setting long-term
goals and determining the best strategies to achieve them,
ensuring the organization's sustained success and competitiveness.
3. Which of the following is a key component of the managerial
decision-making process?
- A. Conducting market research
- B. Identifying and evaluating alternatives
- C. Managing inventory
- D. Developing new products
- ANS: B
- Rationale: Identifying and evaluating alternatives is a key
component of the managerial decision-making process, helping
managers choose the best course of action.
Fill-in-the-Blank Questions
4. The __________ model describes the process of setting
specific, measurable, achievable, relevant, and time-bound goals.
- ANS: SMART goal-setting
- Rationale: The SMART goal-setting model describes the
process of setting specific, measurable, achievable, relevant, and
time-bound goals, ensuring that objectives are clear and
attainable.
©2024/2025
, 5. In management, __________ refers to the process of
coordinating and integrating activities across different
departments and functions.
- ANS: Integration
- Rationale: Integration refers to the process of coordinating
and integrating activities across different departments and
functions, ensuring that the organization operates as a cohesive
unit.
True/False Questions
6. Effective leadership requires both task-oriented and
relationship-oriented behaviors.
- ANS: True
- Rationale: Effective leadership requires both task-oriented
and relationship-oriented behaviors, balancing the need to achieve
goals with the need to build strong relationships with team
members.
7. Delegation involves transferring authority and responsibility
to subordinates while retaining accountability.
- ANS: True
- Rationale: Delegation involves transferring authority and
responsibility to subordinates while retaining accountability,
empowering employees and enhancing organizational efficiency.
©2024/2025
Principles of Management
Finals Exam (Qns & Ans)
2025
General Instructions
1. Read All Questions Carefully: Make sure you understand each question.
2. Time Management: You have a specific amount of time to complete the exam.
Keep an eye on the clock and pace yourself.
3. Allowed Materials: Only use materials that are explicitly allowed. Unauthorized
materials can lead to disqualification.
4. ANS Format: Follow the required format for your ANS. For example, multiple-
choice questions might need you to select the best ANS, while essay questions
require detailed responses.
5. Academic Integrity: Adhere to the university's honor code. Any form of cheating or
plagiarism is strictly prohibited.
6. Technical Requirements: Ensure your computer and internet connection are
stable. For online exams, you might need a webcam and microphone for proctoring
purposes.
7. Submission: Submit your ANS before the time expires. Late submissions might
not be accepted.
©2024/2025
,1. Which of the following best describes the primary function of
management?
- A. To produce goods and services
- B. To plan, organize, lead, and control organizational
resources
- C. To conduct market research
- D. To manage financial resources
- ANS: B
- Rationale: The primary function of management is to plan,
organize, lead, and control organizational resources to achieve
organizational goals effectively and efficiently.
2. What is the primary purpose of strategic planning in
management?
- A. To manage daily operations
- B. To set long-term goals and determine the best strategies to
achieve them
- C. To develop new products
- D. To conduct financial analysis
- ANS: B
©2024/2025
, - Rationale: Strategic planning involves setting long-term
goals and determining the best strategies to achieve them,
ensuring the organization's sustained success and competitiveness.
3. Which of the following is a key component of the managerial
decision-making process?
- A. Conducting market research
- B. Identifying and evaluating alternatives
- C. Managing inventory
- D. Developing new products
- ANS: B
- Rationale: Identifying and evaluating alternatives is a key
component of the managerial decision-making process, helping
managers choose the best course of action.
Fill-in-the-Blank Questions
4. The __________ model describes the process of setting
specific, measurable, achievable, relevant, and time-bound goals.
- ANS: SMART goal-setting
- Rationale: The SMART goal-setting model describes the
process of setting specific, measurable, achievable, relevant, and
time-bound goals, ensuring that objectives are clear and
attainable.
©2024/2025
, 5. In management, __________ refers to the process of
coordinating and integrating activities across different
departments and functions.
- ANS: Integration
- Rationale: Integration refers to the process of coordinating
and integrating activities across different departments and
functions, ensuring that the organization operates as a cohesive
unit.
True/False Questions
6. Effective leadership requires both task-oriented and
relationship-oriented behaviors.
- ANS: True
- Rationale: Effective leadership requires both task-oriented
and relationship-oriented behaviors, balancing the need to achieve
goals with the need to build strong relationships with team
members.
7. Delegation involves transferring authority and responsibility
to subordinates while retaining accountability.
- ANS: True
- Rationale: Delegation involves transferring authority and
responsibility to subordinates while retaining accountability,
empowering employees and enhancing organizational efficiency.
©2024/2025
