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Questions and Answers
What are the five major functions of management?
What are the five major functions of management?
- Researching, negotiating, training, auditing, inspecting
- Directing, coordinating, supervising, budgeting, reporting
- Innovating, marketing, producing, selling, evaluating
- Planning, organizing, staffing, leading, controlling (correct)
What is the goal of all managers according to the text?
What is the goal of all managers according to the text?
- To maintain the status quo
- To outsource as much as possible
- To minimize costs and maximize revenue
- To create and generate surplus (correct)
What are the organization resources mentioned in the text?
What are the organization resources mentioned in the text?
- Innovation, Branding, Networking, Distribution, Research
- Labor, Capital, Materials, Machinery and Information (correct)
- Customer service, Quality control, Public relations, Legal, Human resources
- Technology, Advertising, Sales, Production, Finance
What are the levels of management mentioned in the text?
What are the levels of management mentioned in the text?
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What is the role of a manager according to the text?
What is the role of a manager according to the text?
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