Management Principles and Practices Quiz
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Questions and Answers

Which of the following best describes management?

  • The process of adapting goods or services to meet the changing needs of customers
  • The process of allocating financial resources within an organization
  • The process of setting the strategy of an organization
  • The process of coordinating the efforts of employees to achieve organizational objectives (correct)

    • What is the main focus of management?

  • Setting the strategy of an organization
  • Adapting goods or services to meet the changing needs of customers
  • Coordinating the efforts of employees or volunteers (correct)
  • Allocating financial resources within an organization

    • Which of the following is NOT a resource that management deals with?

  • Financial resources
  • Physical resources (correct)
  • Technological resources
  • Natural resources

    • What is the difference between 'run the business' and 'change the business' in management?

    <p>'Run the business' refers to the continued delivery of goods or services, while 'change the business' refers to adapting goods or services to meet the changing needs of customers</p> Signup and view all the answers

    Who does the term 'management' refer to?

    <p>The people who manage an organization</p> Signup and view all the answers

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