5 Questions
What is NOT one of the four principles of management?
Measuring
What is the correct definition of effectiveness in management?
Selecting appropriate organizational goals
What is the correct definition of efficiency in management?
Maximizing output while minimizing inputs
Which of the following statements is TRUE about effectiveness and efficiency?
Effectiveness is about achieving goals, and efficiency is about minimizing inputs
What can be inferred about the four principles of management?
They are general principles that can be applied universally
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.
Test your knowledge of management principles, including effectiveness, efficiency, and the four principles of management. Evaluate your understanding of organizational goals and processes.
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