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

    How are principles defined in the text?

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

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

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

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