Management Principles Quiz

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Questions and Answers

What is management?

  • The process of selling goods and services
  • The science of marketing products to customers
  • The enforcement of rules and regulations within an organization
  • The administration of organizations through business administration, nonprofit management, or public administration (correct)

What does management include?

  • Setting the strategy of an organization and coordinating the efforts of its employees or volunteers (correct)
  • Designing marketing campaigns and advertisements
  • Negotiating contracts with suppliers
  • Managing the legal affairs of an organization

What are the two concepts used in management to differentiate between continued delivery and adapting of goods or services?

  • Sell the business and Expand the business
  • Run the business and Change the business (correct)
  • Stagnate the business and Transform the business
  • Maintain the business and Innovate the business

What resources are managed in management?

<p>Financial, natural, technological, allocated authority, and human resources (A)</p> Signup and view all the answers

Who does the term 'management' refer to?

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

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