Management Concepts and Roles
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Questions and Answers

What distinguishes a manager from an entrepreneur?

  • Managers focus on innovation while entrepreneurs prioritize operations.
  • Managers are typically risk-takers, whereas entrepreneurs avoid risks.
  • Entrepreneurs often develop new ventures, while managers usually operate existing organizations. (correct)
  • Managers work primarily in startups, while entrepreneurs are found in established companies.

    • Which type of manager primarily focuses on strategic decision-making and long-term planning?

  • Operational Manager
  • Middle Manager
  • Top-Level Manager (correct)
  • Project Manager

    • Which of the following skills is most critical for a successful manager?

  • Interpersonal skills for effective communication (correct)
  • Financial skills for managing budgets
  • Creativity in product development
  • Technical skills related to a specific task

    • What role does a manager typically NOT perform?

    <p>Designing new products</p> Signup and view all the answers

    What is a significant difference between the art of management and the science of management?

    <p>Art relies on subjective experiences while science relies on quantifiable data.</p> Signup and view all the answers

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