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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 (B)</p> Signup and view all the answers

What does the term 'Management' encompass?

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

Flashcards

Characteristic of Management

Management is essential in any organized activity.

Administration vs Management

Administration is a component of Management.

Management as Science or Art

Management can be viewed as both a Science and an Art.

Need for Professional Management

Professional Management promotes efficient and effective organizational functioning.

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Scope of Management

Management includes any organized activity.