Management, Efficiency, and Effectiveness Quiz
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Questions and Answers

What does 'efficiency' refer to in management?

  • The people, financial capital, technology, and time used in achieving the organization's objectives
  • The process of assessing future business conditions and anticipating actions the business should take to reach its objectives
  • The degree to which the company's goals are being attained
  • The ratio of benefits to costs as resources are used and depleted to produce goods and services (correct)
  • What is the role of a 'manager' in an organization?

  • Focusing on specific actions to implement long-range strategies
  • Integrating and combining human, capital, and technological resources to achieve organizational objectives (correct)
  • Assessing future business conditions and anticipating actions the business should take to reach its objectives
  • Setting organizational objectives, determining overall business strategy, and allocating resources to achieve goals
  • What are 'objectives' in the context of management?

  • Targets or desired levels of achievement (correct)
  • The process of assessing future business conditions and anticipating actions the business should take to reach its objectives
  • The degree to which the company's goals are being attained
  • The people, financial capital, technology, and time used in achieving the organization's objectives
  • Which type of planning focuses on specific actions to implement long-range strategies?

    <p>Tactical planning</p> Signup and view all the answers

    What is 'bottom-up planning' in the context of management?

    <p>Ideas originate from employees and move upward</p> Signup and view all the answers

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