27 Questions
What is the main reason for the establishment of organizations?
To contribute to poverty alleviation
What is the role of management in achieving organizational objectives?
Using resources effectively and efficiently
What is decision making in the context of management?
Determining available alternatives and choosing the best solution
What is planning in the context of management?
Establishing objectives and suitable courses of action before taking action
What aspect of management is crucial for the alleviation of poverty and want?
Effective decision making
Why is it important to study management and organization according to the text?
To develop effective and efficient schemes related to management and organization
What do organizations aim to achieve through management?
Contributing to societal development
What does effective management help organizations avoid?
Resource wastage and inefficiency
What is the ultimate goal of effective management, as per the text?
To achieve organizational objectives through people and other resources
What is the basic reason for the establishment of organizations?
The satisfaction of human wants
Define decision making in the context of management.
The process by which a decision maker determines the available alternatives and chooses the best solution that suits a given problem.
What is the process of establishing objectives and suitable courses of action before taking action?
Planning
What is management's role in achieving organizational objectives?
Achievement of organizational objectives through people and other resources
What is the importance of studying management and organization, as per the text?
Supporting the satisfaction of human wants
What are the functions of management, as briefly defined in the text?
Decision making, planning, achievement of organizational objectives through people and other resources
What is the ultimate goal of effective management, according to the text?
Achievement of organizational objectives through people and other resources
What is crucial for the alleviation of poverty and want, according to the text?
Proper management of resources by governments, business firms, and nonprofit organizations
What drives people to devise or use means to ensure the satisfaction of their needs, as per the text?
Limited resources and the ever-increasing demand for food, shelter, security, and other basic necessities
What is the role of decision making in management?
Decision making is the process by which a decision maker determines the available alternatives and chooses the best solution that suits a given problem.
Define planning in the context of management.
Planning is the process of establishing objectives and suitable courses of action before taking action.
What is the importance of effective and efficient schemes related to management and organization?
Effective and efficient schemes related to management and organization help in satisfying the ever-increasing demand for food, shelter, security, and other basic necessities.
Why is it crucial for governments, business firms, and nonprofit organizations to manage their resources properly?
They are expected to manage their resources properly to contribute their share in the alleviation of poverty and want.
How can management be defined according to the text?
Management may be defined as the achievement of organizational objectives through people and other resources.
What is the basic reason for the establishment of organizations?
The basic reason for the establishment of organizations is the satisfaction of human wants.
What is the ultimate goal of effective management, as per the text?
The ultimate goal of effective management is to achieve organizational objectives through people and other resources.
What drives people to devise or use means to ensure the satisfaction of their needs, as per the text?
Limited resources and the ever-increasing demand for food, shelter, security, and other basic necessities drive people to devise or use means to ensure the satisfaction of their needs.
What is the process of establishing objectives and suitable courses of action before taking action called in the context of management?
The process is called planning.
Explore the relationship between human wants, limited resources, and the establishment of organizations. Understand how effective and efficient management and organizational schemes contribute to satisfying human needs.
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