Podcast
Questions and Answers
Who is responsible for the effective and efficient utilization of an organization's scarce resources?
Who is responsible for the effective and efficient utilization of an organization's scarce resources?
- Supervisors
- Customers
- Employees
- Top management or Managers (correct)
What are the five resources that make up an organization's resources according to the text?
What are the five resources that make up an organization's resources according to the text?
- Man, Material, Money, Machine, Methods (correct)
- Man, Material, Money, Market, Methods
- Man, Material, Marketing, Machine, Management
- Man, Management, Money, Machine, Methods
How does Peter Drucker describe the understanding of management in the business world?
How does Peter Drucker describe the understanding of management in the business world?
- People in business understand management perfectly
- Everyone in business has a clear understanding of management
- Even people in business often do not know what management does (correct)
- People in business have a vague understanding of management
In simpler terms, what is management defined as in the text?
In simpler terms, what is management defined as in the text?
What are the scarce resources that management focuses on according to the text?
What are the scarce resources that management focuses on according to the text?
What are the five resources that constitute an organization's resources?
What are the five resources that constitute an organization's resources?
Who is involved in the effective and efficient utilization of an organization's scarce resources?
Who is involved in the effective and efficient utilization of an organization's scarce resources?
In simpler terms, how is management defined in the text?
In simpler terms, how is management defined in the text?
What did Peter Drucker express about the understanding of management in the business world?
What did Peter Drucker express about the understanding of management in the business world?
What is the primary challenge due to the nature of resources?
What is the primary challenge due to the nature of resources?
