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Management Chapter 1

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Managing employees' personal lives

Implementing new technologies

Earning profits

Achieving organizational goals (correct)

To only develop new products

To perform all tasks alone

To oversee and coordinate the work of others (correct)

To make decisions only

It is only applicable to large organizations

It is a static process

It is a science with fixed rules

It involves decision-making and problem-solving (correct)

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<p>Adapting to change and uncertainty</p> Signup and view all the answers

The primary focus of management is to achieve organizational goals and objectives by efficiently utilizing resources such as people, materials, and equipment.
The primary role of a manager is to plan, organize, lead, and control organizational activities to accomplish these goals.
A key characteristic of management is its multidisciplinary nature, encompassing various aspects of business, including finance, marketing, and operations.
The ultimate goal of management is to create a sustainable competitive advantage, ensuring the long-term survival and success of the organization.
A key aspect of management involves making informed decisions, allocating resources, and coordinating activities to maximize efficiency, productivity, and profitability.