Principles and Practices of Management: Basics of Management Unit 1 Quiz
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Questions and Answers

What is the primary goal of an organization?

  • To achieve customer satisfaction (correct)
  • To maximize profits for shareholders
  • To fulfill the personal goals of employees
  • To expand to as many countries as possible
  • Which of the following is NOT a function of business organization?

  • Marketing
  • Finance
  • Political lobbying (correct)
  • Production
  • What is the nature of management in a business organization?

  • Static and unchanging
  • Isolated from external factors
  • Independent of customer feedback
  • Fast-paced and dynamic (correct)
  • Which level of management is responsible for setting organizational goals and developing policies?

    <p>Top-level management</p> Signup and view all the answers

    What is the scope of management in an organization?

    <p>Extends to planning, organizing, staffing, directing, and controlling</p> Signup and view all the answers

    What characterizes the business environment in the 21st century?

    <p>Forcing quick and effective changes in organizations</p> Signup and view all the answers

    Management is a process that involves which of the following?

    <p>Men, machines, materials, and money</p> Signup and view all the answers

    Who defined management as 'the art of creating an environment in which people can perform as individuals and yet co-operate towards the attainment of group goals'?

    <p>Harold Koontz and Cyril O’Donnell</p> Signup and view all the answers

    What is the distinct process that management consists of?

    <p>Planning, organizing, actuating, and controlling</p> Signup and view all the answers

    How does the text define management?

    <p>The art of getting things done through and with people in formally organized groups</p> Signup and view all the answers

    What are the basic factors involved in management?

    <p>Men, machines, materials, and money</p> Signup and view all the answers

    Who defined management as 'that function of an enterprise which concerns itself with the direction and control of the various activities to attain the business objectives'?

    <p>William Spriegel</p> Signup and view all the answers

    An organization is a place where people come together to achieve some specific goal.

    <p>True</p> Signup and view all the answers

    All organizations, whether profit-making or non-profit-making, do not need to manage their business and direct the various efforts towards a definite purpose.

    <p>False</p> Signup and view all the answers

    The globalization process has no impact on increasing competitiveness in the market.

    <p>False</p> Signup and view all the answers

    The challenge of the 21st century is not to manage the business for customer’s satisfaction.

    <p>False</p> Signup and view all the answers

    To visualize changes in the emerging economic environment, it is not important to appoint the right people in the organization.

    <p>False</p> Signup and view all the answers

    Management is not a process that involves directing and controlling various activities to attain business objectives.

    <p>False</p> Signup and view all the answers

    Management is a process where resources are put at its proper direction to achieve decided goal.

    <p>True</p> Signup and view all the answers

    Management is a mechanism that constitutes basic functions for accomplishment of objectives.

    <p>True</p> Signup and view all the answers

    Management is integrating function of organizing human resources, with physical resources for better performance and maximizing productivity with available economic resources.

    <p>True</p> Signup and view all the answers

    Management is a group activity, where numbers of people come together and their efforts are directed towards a common objective.

    <p>True</p> Signup and view all the answers

    Manager is a leader, who motivates people working with formal as well as informal communications, interprets the instructions and supervises and coordinates their work.

    <p>True</p> Signup and view all the answers

    According to Harold Koontz and Cyril O’Donnell, management is the art of creating an environment in which people can perform as individuals and yet co-operate towards the attainment of group goals.

    <p>True</p> Signup and view all the answers

    George R. Terry defined management as a distinct process consisting of planning, organizing, actuating, and controlling performance to determine and accomplish the objectives by the use of people and resources.

    <p>True</p> Signup and view all the answers

    Dalton Macfarland defined management as the process by which managers cr.Existing questions.

    <p>False</p> Signup and view all the answers

    William Spriegel defined management as that function of an enterprise which concerns itself with the direction and control of the various activities to attain the business objectives.

    <p>True</p> Signup and view all the answers

    Management is primarily concerned with maximizing profits for the organization.

    <p>False</p> Signup and view all the answers

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