Management Principles Quiz

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What does management involve?

Adapting goods or services to meet the changing needs of customers

Exclusively focusing on the delivery of goods or services

Setting the strategy and coordinating the efforts of employees or volunteers (correct)

Implementing technological resources and financial management

What are the resources that management involves?

Human, financial, and physical resources

Financial, natural, technological, allocated authority, and human resources (correct)

Marketing, sales, and production resources

Physical, intellectual, and emotional resources

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

Maintain the business and Upgrade the business

Operate the business and Evolve the business

Sustain the business and Transform the business

Run the business and Change the business (correct)

What does the term 'management' refer to?

Refers to the people involved in managing organizations Signup and view all the answers

Which fields are associated with management?

Business administration, nonprofit management, and public administration Signup and view all the answers

What does business administration encompass?

Supervising business operations and overseeing the organization Signup and view all the answers

What does 'administration' in business administration refer to?

The broader management function, including finance and personnel services Signup and view all the answers

What does the term 'management' in business administration involve?

Decision-making, organization of resources, and directing activities towards common goals Signup and view all the answers

Which of the following is not a part of business administration?

Exclusively office building administration Signup and view all the answers

What is encompassed by the administration of a business?

Performance of business operations, decision-making, and efficient organization of resources Signup and view all the answers

Management Principles Quiz

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Questions and Answers

What does management involve?

What are the resources that management involves?

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

What does the term 'management' refer to?

Which fields are associated with management?

What does business administration encompass?

What does 'administration' in business administration refer to?

What does the term 'management' in business administration involve?

Which of the following is not a part of business administration?

What is encompassed by the administration of a business?

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