Podcast
Questions and Answers
What is management defined as?
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?
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?
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?
How is the nature of administration described in the text?
What does management focus on achieving, according to the text?
What does management focus on achieving, according to the text?