Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the primary focus of the principle of management?
What is the primary focus of the principle of management?
- Minimizing costs at all levels of the organization
- Maximizing individual employee performance
- Ensuring employee satisfaction above all else
- Achieving organizational goals through efficient use of resources (correct)
Which of the following is a key function of management?
Which of the following is a key function of management?
- Planning and strategizing (correct)
- Focusing solely on short-term gains
- Implementing micro-management techniques
- Avoiding risk at all costs
What does effective management entail?
What does effective management entail?
- Dictating orders without considering feedback
- Ignoring the impact of decisions on stakeholders
- Balancing the needs of various stakeholders (correct)
- Favoring the interests of one stakeholder group over others
