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Mastering Management Objectives

9 Questions

2 Views

Mastering Management Objectives

Created by

@LucrativeAgate

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Questions and Answers

What are the objectives of management?

To reduce costs

To improve employee satisfaction

To develop new products

To increase profits (correct)

Which of the following is not an objective of management?

To maintain a competitive advantage

To enhance shareholder value

To ensure customer satisfaction (correct)

To promote employee well-being

What is the main goal of management?

To maximize shareholder wealth (correct)

To promote social responsibility

To achieve work-life balance

To minimize environmental impact

Which of the following best defines economic planning?

<p>A process of allocating resources to achieve specific economic goals</p> Signup and view all the answers

What is the primary purpose of economic planning?

<p>To promote economic growth and development</p> Signup and view all the answers

Which of the following is NOT a characteristic of economic planning?

<p>Market-based approach</p> Signup and view all the answers

Which of the following best describes economic planning?

<p>A method of allocating resources and making decisions about production and distribution</p> Signup and view all the answers

What is the main purpose of economic planning?

<p>To ensure equitable distribution of resources</p> Signup and view all the answers

What are the key characteristics of economic planning?

<p>Centralized decision-making, government control of production and distribution</p> Signup and view all the answers

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