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Management Basics Quiz

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Questions and Answers

What does management primarily focus on achieving?

Individual performance at the expense of teamwork
Maximizing profits regardless of efficiency
Organizational goals in a structured way (correct)
Minimizing costs without regard for quality

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

Controlling
Leading
Negotiating (correct)
Planning

What is the main purpose of an organization?

To achieve predetermined goals through social cooperation (correct)
To maintain individual independence among workers
To create competition among its members
To prioritize profit over structure and relationships

How is a business organization defined?

<p>An entity that is both commercial and social, focused on trading (B)</p> Signup and view all the answers

What does the planning function in management entail?

<p>Defining goals and deciding on necessary resources (D)</p> Signup and view all the answers

Flashcards

Management definition

Getting things done through people, achieving organizational goals efficiently and effectively, utilizing planning, organizing, leading, and controlling resources.

Organization

A structured social group with resources aiming for goals.

Business Definition

A commercial entity trading goods/services.

Business Organization

A commercial social entity providing structures to achieve trading goals.

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Planning (Management Function)

Defining future organizational goals and resources needed to reach those goals.