MGMT 3001 Exam Questions with Correct Answers Latest Update 2025-2026
globalization - Answers corporations operate worldwide, international markets
technology change - Answers AI and machine learning can interfere
collaboration - Answers communicate effectively across business operations
knowledge management - Answers discovering and allocating intellectual resources
competitive advantage - Answers unique features that makes company stand out
managment - Answers working with people and resources to accommplish goals
four functions of management - Answers planning, orangizing, leadership, control
Planning - Answers delivering strategic value
organizing - Answers building dynamic organization
leadership - Answers mobilizing people
control - Answers learning and changing
three levels of management - Answers top-level, middle-level, frontline
top-level management - Answers Senior Executives, overseas overall management
Middle-level management - Answers tactical manager, translating goals
Emotional intelligence - Answers skills of understanding yourself, managing, and dealing with
yourself
social capital - Answers goodwill from social relationships
external environment - Answers relevant forces outside a firm's boundaries
competitive environment - Answers includes the firm and its rivals, suppliers, buyers, new
entrants
macroenvironment - Answers affects all organizations
barriers to entry - Answers conditions that prevent new companies from entering an industry
substitutes - Answers alternative products and services
complements - Answers products or services that increase purchases of other products
characteristics of managerial decisions - Answers lack of structure, uncertainty, risk, conflict
globalization - Answers corporations operate worldwide, international markets
technology change - Answers AI and machine learning can interfere
collaboration - Answers communicate effectively across business operations
knowledge management - Answers discovering and allocating intellectual resources
competitive advantage - Answers unique features that makes company stand out
managment - Answers working with people and resources to accommplish goals
four functions of management - Answers planning, orangizing, leadership, control
Planning - Answers delivering strategic value
organizing - Answers building dynamic organization
leadership - Answers mobilizing people
control - Answers learning and changing
three levels of management - Answers top-level, middle-level, frontline
top-level management - Answers Senior Executives, overseas overall management
Middle-level management - Answers tactical manager, translating goals
Emotional intelligence - Answers skills of understanding yourself, managing, and dealing with
yourself
social capital - Answers goodwill from social relationships
external environment - Answers relevant forces outside a firm's boundaries
competitive environment - Answers includes the firm and its rivals, suppliers, buyers, new
entrants
macroenvironment - Answers affects all organizations
barriers to entry - Answers conditions that prevent new companies from entering an industry
substitutes - Answers alternative products and services
complements - Answers products or services that increase purchases of other products
characteristics of managerial decisions - Answers lack of structure, uncertainty, risk, conflict
