Management Concepts and Functions Quiz
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Questions and Answers

What are the six M's of management as mentioned in the text?

  • Men, Money, Materials, Machines, Methods and Markets (correct)
  • Money, Minutes, Machines, Management, Methods and Markets
  • Managers, Methods, Materials, Marketing, Machines and Money
  • Managers, Minutes, Mechanisms, Marketing, Methods and Materials

    • When is management considered poor?

  • When it achieves goals at a high cost
  • When it is neither effective nor efficient
  • When it is efficient but ineffective
  • When it is effective but inefficient (correct)

    • What defines the effectiveness of the management process?

  • Achieving the desired goal within the time (correct)
  • Achieving multiple goals simultaneously
  • Utilizing maximum resources to achieve the goal
  • Completing the goal at any cost

    • What is considered as inputs in the process of management?

    <p>Men, Money, Materials, Machines, Methods and Markets</p> Signup and view all the answers

    What characterizes an efficient management process?

    <p>Completing the desired goal by using minimum resources or minimum cost</p> Signup and view all the answers

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