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Management Principles Quiz
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Management Principles Quiz

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Questions and Answers

What does management involve?

  • Coordinating the efforts of employees or volunteers to accomplish objectives (correct)
  • Supervising the daily operations of an organization
  • Setting the strategy of an organization and delivering goods or services
  • Allocating financial resources and managing technology

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

  • Sustain the business and Revolutionize the business
  • Maintain the business and Innovate the business
  • Operate the business and Transform the business
  • Run the business and Change the business (correct)

    • What does the term 'management' refer to?

  • The process of coordinating financial resources
  • Those people who manage an organization (correct)
  • The application of natural resources in organizations
  • The activities of setting the strategy of an organization

    • Which resources are included in the activities of management?

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

    What is the science of managing the resources of businesses, governments, and other organizations called?

    <p>Management</p> Signup and view all the answers

    Management is the administration of ______, whether they are a business, a nonprofit organization, or a government body through business administration

    <p>organizations</p> Signup and view all the answers

    Management includes the activities of setting the ______ of an organization and coordinating the efforts of its employees or volunteers to accomplish its objectives

    <p>strategy</p> Signup and view all the answers

    The term 'management' may also refer to those people who ______ an organization—manager

    <p>manage</p> Signup and view all the answers

    The science of managing the resources of businesses, governments, and other organizations is called ______

    <p>management</p> Signup and view all the answers

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