5 Questions
Which of the following is a tool of management as per the provided text?
Psychology
What is the meaning of authority in the context of management?
The right of a superior to give orders to subordinates
What does 'span of management' refer to?
The number of subordinates a superior can manage efficiently
What is the primary role of management according to the provided text?
To achieve organizational goals and determine the future of the business
How is management defined according to Peter F. Drucker?
Management is a multipurpose organ that manages a business and its people
Study Notes
Management Tools and Concepts
- Organizing is a tool of management.
Authority in Management
- Authority in the context of management refers to the power or right to give orders, make decisions, and enforce obedience.
Span of Management
- Span of management refers to the number of subordinates that a manager can efficiently supervise.
Role of Management
- The primary role of management is to achieve the organizational goals and objectives.
Peter F. Drucker's Definition of Management
- According to Peter F. Drucker, management is a multi-dimensional task that involves managing work, managing people, and managing the bosses.
Test your knowledge of Principles of Management with this quiz covering the fundamental concepts and tools used in the field of management. Assess your understanding of management as an art, its goal-oriented nature, and the various tools such as accounting, business law, psychology, and statistics. Perfect for students studying commerce and preparing for exams.
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