Management and Administration
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Questions and Answers

What is management defined as?

  • Exclusively focusing on financial resources of the organization
  • Implementing strict rules and regulations for employees
  • Supervising individuals within an organization
  • Act of managing people and their work for achieving a common goal (correct)

What are the 5M's of the organization, as mentioned in the text?

  • Managers, Machines, Money, Marketing, and Maintenance
  • Managers, Manpower, Materials, Methods, and Markets
  • Men, Material, Machines, Methods, and Money (correct)
  • Managers, Meetings, Methods, Materials, and Money

What is the main function of administration?

  • Execution of marketing and sales strategies
  • Handling employee grievances and disputes
  • Supervising day-to-day operations of the organization
  • Formation of plans, policies, and procedures (correct)

How is the nature of administration described in the text?

<p>Bureaucratic and representing the top layer of the management hierarchy (B)</p> Signup and view all the answers

What does management focus on achieving, according to the text?

<p>Desired output (C)</p> Signup and view all the answers

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