Entrepreneurship and Innovation Quiz
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Questions and Answers

According to the text, management as a discipline refers to the branch of knowledge connected to the study of principles and practices of basic administration. It specifies certain code of conduct to be followed by the manager and also various methods for managing resources efficiently.

  • The study of profit maximization
  • The study of conducting market surveys
  • The study of basic administration principles (correct)
  • The study of various methods for managing resources
    1. Which term is described as a very popular and widely used term in the text?

  • Administration
  • Resources
  • Principles
  • Management (correct)
    1. What does management specify for managers to follow?

  • Conducting market surveys
  • Profit maximization
  • Methods for managing resources efficiently (correct)
  • Basic administration principles
    1. Which organizations are involved in management according to the text?

    <p>All organizations</p> Signup and view all the answers

    1. What is management connected to the study of?

    <p>Principles and practices of basic administration</p> Signup and view all the answers

    True or false: Management is a universal phenomenon.

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

    True or false: The word management is a very popular and widely used term.

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

    True or false: All organizations, including business, political, cultural, or social, are involved in management.

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

    True or false: Management refers to the branch of knowledge connected to the study of principles and practices of basic administration.

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

    True or false: Management specifies certain code of conduct to be followed by the manager and also various methods for managing resources efficiently.

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

    Study Notes

    Management Definition

    • Management refers to the branch of knowledge connected to the study of principles and practices of basic administration.

    Management Specifications

    • Management specifies a certain code of conduct to be followed by the manager.
    • Management also specifies various methods for managing resources efficiently.

    Management Universality

    • Management is a universal phenomenon.

    Organizations Involved in Management

    • All organizations, including business, political, cultural, or social, are involved in management.

    Popularity of Management Term

    • The word management is a very popular and widely used term.

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    Managing Limited Resources in a Changing World: A Quiz on Entrepreneurship and Business Innovation at the University of Guyana

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