Management Principles and Practices Quiz

The purpose of management is to achieve the objectives of a business unit through the cooperative efforts of several personnel. The functions of management include planning, organizing, leading, and controlling the business concern.

The text does not explicitly mention the different levels of management, but it generally refers to top-level management, middle-level management, and lower-level management.

The text suggests that with the increasing complexities in business concerns, the need for management has increased tremendously. It also mentions that management is not only essential to business concerns but also to other institutions like Banks, Schools, Colleges, Hospitals, Hotels, Religious Bodies, and Charitable trusts.

<p>The text does not explicitly outline the nature and characteristics of management, but it implies that management is essential for dealing with complexities and achieving the objectives of a business unit through cooperative efforts.</p> Signup and view all the answers

<p>The text mentions that management is essential not only to business concerns but also to Banks, Schools, Colleges, Hospitals, Hotels, Religious Bodies, and Charitable trusts.</p> Signup and view all the answers