Podcast
Questions and Answers
What is the main reason why control becomes necessary in management?
What is the main reason why control becomes necessary in management?
- To avoid business expansion
- To discourage employee creativity
- To ensure people are working as per pre-decided standards (correct)
- To micromanage employees
Which form of businesses were initially managed by the owners themselves?
Which form of businesses were initially managed by the owners themselves?
- Government organizations
- Sole proprietorship firms and partnership firms (correct)
- Non-profit organizations
- Public limited companies
What problem arises as the size and activities of a business expand?
What problem arises as the size and activities of a business expand?
- Problem of capital, production, sales, and employees (correct)
- Problem of employee satisfaction only
- Problem of advertising
- Problem of employee training only
In what circumstances is there a need for trained, experienced, and expert people in management?
In what circumstances is there a need for trained, experienced, and expert people in management?
What term is used to describe the work done by a group of trained, experienced, and expert people in management?
What term is used to describe the work done by a group of trained, experienced, and expert people in management?
What major benefit does developing a 'Company' offer in business?
What major benefit does developing a 'Company' offer in business?
What is the significance of management according to the text?
What is the significance of management according to the text?
From the text, what can be inferred about the levels of management?
From the text, what can be inferred about the levels of management?
In what manner has management been important since ancient times as per the text?
In what manner has management been important since ancient times as per the text?
What is required when more than one person join hands for work completion in a systematic manner, as mentioned in the text?
What is required when more than one person join hands for work completion in a systematic manner, as mentioned in the text?
Which functional area of management deals with managing finances according to the text?
Which functional area of management deals with managing finances according to the text?
What does the text suggest about management's role in achieving objectives when human beings realized their limitations?
What does the text suggest about management's role in achieving objectives when human beings realized their limitations?
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