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Management Basics Quiz

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Questions and Answers

What is the primary goal of management?

To minimize the input quantity for a large output quantity

To control and coordinate various activities

To maximize profits for shareholders

To optimize resources to achieve predetermined objectives (correct)

Which of the following is NOT one of the important functions of management?

Planning

Marketing (correct)

Coordinating

Directing

What does management do with a low input quantity to achieve a large output quantity?

Control and coordinate resources efficiently (correct)

Optimize resources to achieve predetermined objectives

Minimize the input quantity for a large output quantity

Maximize profits for shareholders

In which types of organizations is management compulsory?

In both profit and non-profit organizations Signup and view all the answers

Which function of management involves determining and achieving predetermined goals with the use of resources?

Planning Signup and view all the answers

What type of activities does management perform as part of the continuous process?

Various activities including planning, organizing, staffing, directing, and controlling Signup and view all the answers

Which of the following is NOT a feature of management?

It is a tangible activity that can be seen and touched Signup and view all the answers

What are the functions of management according to the text?

Planning, organizing, staffing, directing, controlling, coordinating Signup and view all the answers

Which characteristic of management signifies its ability to adapt to organizational situations?

It is dynamic and always changing Signup and view all the answers

What does the text suggest about the importance of management in non-business organizations?

Management is important for both business and non-business organizations Signup and view all the answers

What role does discipline play in management?

Discipline helps to follow rules and regulations and seek values from other fields of study Signup and view all the answers

What does the text suggest about the tangibility of management?

Management is intangible and cannot be touched or seen Signup and view all the answers

Which level of an organization does the text specify as requiring management?

Both upper-level and middle-level management Signup and view all the answers

What is the primary responsibility of management according to the text?

To manage all activities related to the business and achieve business goals or objectives Signup and view all the answers

What does the text imply about the historical significance of management?

Management has been important but has evolved over time Signup and view all the answers

What does the text suggest about the connection between management and society?

Management is influenced by society and also impacts societal aspects Signup and view all the answers