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Principles and Practices of Management Quiz

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Principles and Practices of Management Quiz

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Questions and Answers

Which of the following best describes management?

The process of manufacturing goods or providing services.

The process of marketing and advertising products.

The process of managing resources of a business. (correct)

The process of delivering goods or services to customers.

What is the difference between 'run the business' and 'change the business' in management?

'Run the business' means managing human resources, while 'change the business' means managing natural resources.

'Run the business' means managing financial resources, while 'change the business' means managing human resources.

'Run the business' means delivering goods or services, while 'change the business' means adapting goods or services to meet the changing needs of customers. (correct)

'Run the business' means adapting goods or services to meet the changing needs of customers, while 'change the business' means delivering goods or services.