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Questions and Answers
What are the six M's of management as mentioned in the text?
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 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?
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?
What is considered as inputs in the process of management?
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What characterizes an efficient management process?
What characterizes an efficient management process?
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