Principles of Management 1.1 Introduction
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Questions and Answers

What is considered as one of the required sources of a business organization?

  • Materials
  • Managers (correct)
  • Machines
  • Marketing

Which function of management harmonizes all functions of a business organization?

  • Organizing
  • Staffing
  • Planning
  • Coordinating (correct)

What is considered as a factor of production?

  • Monetary resources
  • Materials
  • Marketing
  • Management (correct)

Which management function involves making decisions on how the overall organization will operate?

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

What has led to the growing importance of management according to the text?

<p>The need for establishing coordination between different sources of an organization (C)</p> Signup and view all the answers

What does a principle provide to a manager according to the text?

<p>Guidelines for conducting organizational activities (B)</p> Signup and view all the answers

How are principles defined in the text?

<p>Universal propositions serving as the foundation for decision-making (C)</p> Signup and view all the answers

What do management principles aim to influence according to the text?

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

Why do managers not need to work on a trial and error basis according to the text?

<p>Because principles provide universal guidelines for decision-making (A)</p> Signup and view all the answers

What do management principles emphasize in terms of organizational resources according to the text?

<p>Achieving best coordination among all organization members (B)</p> Signup and view all the answers

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