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Four Functions of Management Quiz

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Questions and Answers

What is the main purpose of a mission statement?

To empower those in need

To set broad long-term accomplishments

To outline fundamental purposes and steps to vision (correct)

To address poverty, illiteracy, disease, and injustice

What is the key difference between a goal and an objective?

Goals are broad long-term accomplishments, while objectives are specific and short-term (correct)

Goals are related to vision, while objectives are related to mission

Goals are internal, while objectives are external

Goals are specific and short-term, while objectives are broad long-term accomplishments

Which of the following is considered a potential weakness in SWOT analysis?

Strong research and development

Large inventories (correct)

Market leadership

High quality products

What is the primary function of controlling in management?

<p>To ensure that what you do matches the plan</p> Signup and view all the answers

Which of the following is a core value of BRAC?

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

Study Notes

Mission Statement

A mission statement defines an organization's purpose and primary objectives.
It serves to guide decision-making, align stakeholder interests, and communicate the organization's values and direction.

Goals vs. Objectives

Goals are broad, general intentions that set the direction for an organization, often long-term.
Objectives are specific, measurable steps taken to achieve a goal, typically shorter in timeframe and more focused.

SWOT Analysis Weakness

A potential weakness in SWOT analysis refers to internal factors that limit the capacity of an organization, such as resource constraints or skill deficiencies.

Controlling in Management

The primary function of controlling in management includes monitoring performance, comparing it with established standards, and making adjustments as needed to ensure the organization's goals are met.

Core Values of BRAC

Core values of BRAC include integrity, innovation, and effectiveness, which guide its actions and decisions in development work and community engagement.

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Description

Test your knowledge of the Four Functions of Management with this quiz. Explore key terms such as vision, mission statement, goals, and objectives. Challenge yourself to understand how these concepts contribute to accomplishing organizational goals.