Management Fundamentals
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Questions and Answers

What is the primary objective of management?

  • To optimize organizational efficiency (correct)
  • To attain social responsibility
  • To maximize shareholder value
  • To minimize employee turnover
  • Which of the following is NOT a characteristic of effective management?

  • Tactical planning
  • Micromanaging (correct)
  • Strategic thinking
  • Innovative problem-solving
  • What is the role of top-level management in an organization?

  • To implement day-to-day operations
  • To manage middle-level managers
  • To set organizational goals and objectives (correct)
  • To handle customer complaints
  • Which management function involves assigning tasks and delegating authority to employees?

    <p>Organizing</p> Signup and view all the answers

    What is the ultimate goal of the controlling function of management?

    <p>To monitor and correct deviations from planned goals</p> Signup and view all the answers

    Study Notes

    Management Objectives

    • The primary objective of management is to achieve the organization's goals and objectives efficiently and effectively.

    Characteristics of Effective Management

    • NOT a characteristic of effective management:
      • Autocratic decision-making

    Roles of Management

    • Top-level management in an organization:
      • Formulates overall strategy and direction
      • Establishes organizational goals and objectives

    Management Functions

    • Directing function:
      • Involves assigning tasks and delegating authority to employees
      • Guides and motivates employees to achieve organizational goals

    Controlling Function

    • The ultimate goal of the controlling function:
      • To ensure that the organization's goals and objectives are being met
      • Identify and correct deviations from planned performance

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    Description

    Test your understanding of basic management principles, including the primary objective, characteristics, and roles of management. Explore the functions of management and their ultimate goals.

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