Management Principles and Practices Quiz

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Questions and Answers

Which term refers to the administration of organizations, including businesses, nonprofit organizations, and government bodies?

  • Business
  • Management (correct)
  • Administration
  • Organization

What does 'Change the business' concept in management refer to?

  • Managing financial resources
  • Implementing new technology
  • Expanding the business globally
  • Adapting goods or services to meet changing customer needs (correct)

What are the activities involved in management?

  • Financial management
  • Product development
  • Setting strategy and coordinating efforts (correct)
  • Marketing and sales

What does the term 'management' also refer to?

<p>Those who manage an organization (B)</p> Signup and view all the answers

What does management involve the application of?

<p>Available resources (D)</p> Signup and view all the answers

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