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Fundamentals of Management and Marketing

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Fundamentals of Management and Marketing

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Questions and Answers

What are the essential functions of management mentioned in the text?

Planning, organizing, leading, controlling, and directing (correct)
Communicating, negotiating, problem-solving, decision-making, and innovating
Researching, analyzing, strategizing, implementing, and monitoring
Hiring, training, supervising, evaluating, and disciplining

Why did people start working in groups according to the text?

To share responsibilities and reduce individual limitations (correct)
To avoid cooperation and collaboration
To establish formal structures for management
To increase competition and productivity

What is the main purpose of the functions of management mentioned in the text?

To achieve pre-stated goals through coordinated efforts (correct)
To ensure strict compliance with rules and regulations
To maintain individual independence and autonomy
To facilitate communication within the organization

Why does the discipline of management need to be studied in a modern way?

To adapt to the changing dynamics of the working environment (D) Signup and view all the answers

What is the significance of management according to the text?

It existed in the past, exists today, and will exist tomorrow (B) Signup and view all the answers

Which of the following is NOT mentioned as one of the essential functions of management?

Motivating (A) Signup and view all the answers

Why is there no one universally accepted definition of management?

The field of management is too young to have a universally accepted definition (D) Signup and view all the answers

What did the monumental accomplishments and scripts of the ancient societies prove according to the text?

The existence of management in the past (C) Signup and view all the answers

What is the main reason people started working in groups according to the text?

To achieve pre-stated goals (A) Signup and view all the answers

Why does management need to be studied in a modern way according to the text?

To adapt to technological advancements (A) Signup and view all the answers