Principles of Management Quiz

Management is a process of planning, organizing, leading, and controlling the efforts of the members of the organization and of using all the available resources to achieve the stated organizational goals.

The four elements of management as a process are Planning and Decision Making, Organizing, Leading, and Controlling.

Management is considered a profession because it consists of special knowledge, has formal training methods, has a code of conduct, and has a representative organization. It requires special skills, knowledge, and training.

<p>The difference between management and administration lies in their areas of operation, authority, role, decision making, and applicability. Management works under administration, has full control over the activities of the organization, and is applicable to profit-making organizations, i.e., business organizations.</p> Signup and view all the answers

<p>The role of administration in an organization is concerned with policy formulation, top-level decision making, and administering the organization by a group of people.</p> Signup and view all the answers