Essay on Management: Key Points Summary
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Questions and Answers

What are the key principles of management?

  • Guidelines for personal growth and societal development
  • Guidelines for decision making and behavior, applied creatively (correct)
  • Guidelines for financial and marketing functions
  • Guidelines for technical skills and creativity

    • What is the scope of management?

  • Focused on individual career development
  • Broad, encompassing functions like financial, marketing, production, personnel (correct)
  • Only applicable to large corporations
  • Limited to financial and marketing organizations

    • What is the importance of management?

  • Reduces efficiency and limits growth
  • Is only important for achieving personal goals
  • Is only essential for societal development
  • Increases efficiency, creates dynamic organizations, and contributes to societal development (correct)

    • What are the key functions of management?

    <p>Planning, organizing, staffing, coordinating</p> Signup and view all the answers

    What are the critical tasks of management?

    <p>Efficiency, competition, innovation</p> Signup and view all the answers

    What is the significance of management for organizations?

    <p>Essential for all organizations to achieve their goals by productively utilizing resources</p> Signup and view all the answers

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