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Questions and Answers
What does management include?
What does management include?
- Setting the strategy of an organization and coordinating the efforts of its employees or volunteers (correct)
- Handling customer complaints and feedback
- Designing marketing campaigns for products or services
- Managing the financial resources of a business
What are the two concepts used in management to differentiate between continued delivery and adapting to changing needs?
What are the two concepts used in management to differentiate between continued delivery and adapting to changing needs?
- Run the business and Change the business (correct)
- Sell the business and Buy the business
- Promote the business and Expand the business
- Maintain the business and Close the business
What is management?
What is management?
- The administration of organizations through business administration, nonprofit management, or public administration (correct)
- The science of marketing products to customers
- The act of supervising employees in an organization
- The process of selling goods and services
What does the term 'management' refer to?
What does the term 'management' refer to?
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What is the science of managing the resources of businesses, governments, and other organizations?
What is the science of managing the resources of businesses, governments, and other organizations?
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Study Notes
Management Overview
- Management refers to the process of planning, organizing, and supervising to achieve specific goals and objectives.
Key Concepts in Management
- Two concepts used to differentiate between continued delivery and adapting to changing needs are:
- Efficiency (focus on achieving existing goals with minimal resources)
- Effectiveness (focus on achieving the right goals and adapting to changing needs)
Definition of Management
- Management is the science of managing the resources of businesses, governments, and other organizations.
- It involves coordinating and allocating resources to achieve specific goals and objectives.
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