Management 101
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Questions and Answers

Which one of the following best defines management?

  • The process of controlling and directing resources to achieve organizational goals (correct)
  • The process of hiring and firing employees
  • The process of creating and implementing marketing strategies
  • The process of conducting market research

    • What are the key functions of management?

  • Selling, marketing, advertising, and promoting
  • Planning, organizing, leading, and controlling (correct)
  • Designing, manufacturing, distributing, and selling
  • Researching, analyzing, evaluating, and reporting

    • What is the significance of management?

  • It helps in maximizing profits (correct)
  • It helps in reducing costs
  • It ensures customer loyalty
  • It ensures employee satisfaction

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