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Questions and Answers
What are the four main components of management?
What are the four main components of management?
- Planning, organizing, leading, and controlling resources (correct)
- Hiring, firing, promoting, and demoting employees
- Marketing, sales, advertising, and branding
- Researching, developing, testing, and launching products
Which of the following skills are NOT part of management?
Which of the following skills are NOT part of management?
- Problem-solving
- Decision-making
- Technical expertise in a specific field (correct)
- Interpersonal skills
Why is good management essential for businesses?
Why is good management essential for businesses?
- To stay competitive and efficient (correct)
- To increase employee salaries
- To reduce the number of employees
- To decrease the quality of products or services
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Study Notes
- Management is the process of achieving organizational goals using people, resources, and technology.
- It involves planning, organizing, leading, and controlling resources.
- Decision-making, problem-solving, critical thinking, communication, and interpersonal skills are also part of management.
- Good management is essential for businesses to stay competitive and efficient.
- Management is the heart of any organization and necessary for achieving goals.
- Management theories are important for leadership and management success.
- Management has played a crucial role in the success and growth of human organizations throughout history.
- Management theories and practices have evolved over time.
- Each era has contributed to the development of new approaches to managing organizations.
- Proper management is essential for organizational success.
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