Principles of Business Management: Unit 1 Quiz
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Questions and Answers

Which of the following is a characteristic of management?

  • It is not relevant to military or financial institutions
  • It has no place in charitable trusts or educational institutions
  • It has its place in any organized activity (correct)
  • It is only applicable to business organizations

    • What is the relationship between Administration and Management?

  • Management is a part of Administration
  • They have no connection in any organizational setting
  • They are entirely separate and unrelated concepts
  • Administration is a part of Management (correct)

    • Is Management considered as a Science or an Art?

  • It does not fit into the categories of Science or Art
  • It is purely a scientific discipline
  • It is purely an art form with no scientific basis
  • It can be considered both as a Science and an Art (correct)

    • What is the need of Professional Management?

    <p>Professional Management ensures efficient and effective functioning of organizations</p> Signup and view all the answers

    What does the term 'Management' encompass?

    <p>Any organized activity</p> Signup and view all the answers

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