Efficiency and Cost-Benefit Analysis Quiz
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Questions and Answers

Match the function of management with its description:

Planning = Process of setting goals and deciding on the actions to achieve them Organising = Process of arranging resources and tasks to meet the objectives Staffing = Process of recruiting, selecting, training, and developing employees Directing = Process of overseeing employees and guiding them towards goal achievement

Match the level of management with its characteristics:

Top Level Management = Focuses on long-term planning and strategic decision-making Middle Level Management = Coordinates activities between lower and top levels of management Lower Level Management = Supervises employees directly and ensures daily tasks are completed All Levels of Management = Involved in both decision-making and day-to-day operations

Match the concept of management with its definition:

Management = Process of planning, organizing, staffing, directing, and controlling resources for goal achievement Efficiency = Doing tasks correctly with minimum cost Effectiveness = Completing activities and achieving goals Goals in Management = Fulfilling organizational, social, and personal objectives

What does effectiveness in management primarily focus on?

<p>Achieving goals</p> Signup and view all the answers

Which term refers to the process of planning, organising, staffing, directing, and controlling enterprise resources for achieving organizational goals?

<p>Management</p> Signup and view all the answers

What is the main focus of efficiency in management?

<p>Doing tasks correctly with minimum cost</p> Signup and view all the answers

Which characteristic of management refers to its continuous nature?

<p>Continuous process</p> Signup and view all the answers

What is a key reason why management is important?

<p>Achieving group goals</p> Signup and view all the answers

In the context of organisations, what does efficiency focus on?

<p>Doing tasks with minimum cost</p> Signup and view all the answers

Which objective does management fulfill that contributes to the development of society?

<p>Social</p> Signup and view all the answers

What aspect of management refers to the process of guiding and leading employees towards achieving organizational goals?

<p>Directing</p> Signup and view all the answers

Which of the following best describes efficiency in management?

<p>Doing tasks correctly while minimizing costs involved.</p> Signup and view all the answers

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