10 Questions
What is considered as one of the required sources of a business organization?
Managers
Which function of management harmonizes all functions of a business organization?
Coordinating
What is considered as a factor of production?
Management
Which management function involves making decisions on how the overall organization will operate?
Planning
What has led to the growing importance of management according to the text?
The need for establishing coordination between different sources of an organization
What does a principle provide to a manager according to the text?
Guidelines for conducting organizational activities
How are principles defined in the text?
Universal propositions serving as the foundation for decision-making
What do management principles aim to influence according to the text?
Employee behavior
Why do managers not need to work on a trial and error basis according to the text?
Because principles provide universal guidelines for decision-making
What do management principles emphasize in terms of organizational resources according to the text?
Achieving best coordination among all organization members
Learn about the importance of management and its role in different types of organizations. Understand how management is crucial for achieving goals and for establishing coordination among various resources in an organization.
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