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Management Fundamentals

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Questions and Answers

What is the relationship between effectiveness and efficiency in management?

They are unrelated

Efficiency is more important than effectiveness

They are interdependent (correct)

They are mutually exclusive

What is the primary goal of management in an organisation?

To ensure the effective and efficient attainment of objectives (correct)

To achieve coordination of human and material resources

To maximise profits by reducing costs

To maintain a work environment free of conflicts

What is the result of being effective but not efficient in management?

Increased employee motivation

A decline in demand for the organisation's products

Higher costs for the organisation (correct)

Improved productivity and efficiency

What is the consequence of poor management in an organisation?

Stemming from both inefficiency and ineffectiveness Signup and view all the answers

What is the primary focus of management according to Robert L. Trewelly and M. Gene Newport?

Planning, organising, actuating, and controlling an organisation's operations Signup and view all the answers

What is the ultimate goal of management in terms of efficiency and effectiveness?

To aim for high efficiency and effectiveness Signup and view all the answers

What is the primary goal of management in an organization?

To achieve stated goals with minimum resources Signup and view all the answers

What is a common characteristic of management across different organizations and countries?

A goal-oriented process Signup and view all the answers

What is a key aspect of management in terms of people?

Utilizing strengths and minimizing weaknesses Signup and view all the answers

What is the main purpose of operations management in an organization?

To provide a product or service Signup and view all the answers

What are the three main dimensions of management?

Management as work, people, and operations Signup and view all the answers

Why is delegation of authority essential in management?

For effective management Signup and view all the answers