Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is NOT one of the four principles of management?
What is NOT one of the four principles of management?
- Organizing
- Measuring (correct)
- Planning
- Leading
What is the correct definition of effectiveness in management?
What is the correct definition of effectiveness in management?
- Achieving organizational goals
- Maximizing output while minimizing inputs
- Selecting appropriate organizational goals (correct)
- Doing things efficiently
What is the correct definition of efficiency in management?
What is the correct definition of efficiency in management?
- Achieving goals with minimum resources
- Selecting the right goals
- Maximizing output while minimizing inputs (correct)
- Doing things right
Which of the following statements is TRUE about effectiveness and efficiency?
Which of the following statements is TRUE about effectiveness and efficiency?
Signup and view all the answers
What can be inferred about the four principles of management?
What can be inferred about the four principles of management?
Signup and view all the answers
Flashcards are hidden until you start studying
Study Notes
Management Principles
- The four principles of management do not include Measuring, which is not one of the standard principles.
- The four standard principles of management are: Planning, Organizing, Leading, and Controlling.
Effectiveness and Efficiency
- Effectiveness is the process of doing the right things, which means selecting the appropriate organizational goals to achieve success.
- Efficiency is the process of doing things right, which involves maximizing output while minimizing inputs.
- Both statements are accurate: Effectiveness is about setting the right goals, while Efficiency is about achieving them in the most optimal way.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
