Principles of Management: What is Management

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What differentiates management from administration?

Method of communication and level of control

Level of authority and focus on policy formulation (correct)

Type of resources managed and level of accountability

Area of operation and role in decision making

What is the main process involved in management?

Hiring, training, supervising, and evaluating

Planning, leading, organizing, and controlling (correct)

Designing, manufacturing, testing, and delivering

Selling, marketing, advertising, and promoting

Why is management considered a profession?

Because it requires special skills and is backed by knowledge and training (correct)

Because it focuses on routine tasks and does not require any specific skills

Because it is solely based on intuition and guesswork

Because it involves manual labor and does not require any formal education

Which activity falls under the 'leading' process of management?

Motivating and directing people Signup and view all the answers

What is the primary role of administration in an organization?

Policy formulation and top-level decision making Signup and view all the answers

What differentiates management from administration in terms of decision making?

Management is concerned with policy implementation while administration is concerned with policy formulation Signup and view all the answers

Which of the following best describes the focus of management?

Making best possible allocation of limited resources Signup and view all the answers

Who is responsible for making strategic plans and policies for the enterprise?

Top level management Signup and view all the answers

What is the primary role of middle level management?

Interpreting and explaining policies from top level management Signup and view all the answers

Who represents the owners who get a return on the capital invested by them?

Top level management Signup and view all the answers

What is the key function of administration?

Putting plans and policies into actions Signup and view all the answers

What is the primary focus of administration?

Formulation of plans and setting objectives Signup and view all the answers

Who is responsible for managing goals and policies for an enterprise?

Top level management Signup and view all the answers

Match the following functions with their corresponding processes in management:

Planning and Decision Making = Determining Courses of Action Organizing = Coordinating Activities and Resources Leading = Managing, Motivating and Directing People Controlling = Monitoring and Evaluating activities Signup and view all the answers

Match the following characteristics with their corresponding concepts in management:

Authority (Management) = Middle and Lower Level Authority (Administration) = Top level Role (Management) = Executive Role (Administration) = Decision Making Signup and view all the answers

Match the following areas of operation with their corresponding terms in management and administration:

Area of operation (Management) = It works under administration Area of operation (Administration) = It has full control over the activities of the organization Signup and view all the answers

Match the following with their respective levels of management:

Top management = Responsible for laying down the objectives and broad policies of the enterprise Middle management = Responsible for executing the plans of the organization in accordance with the policies and directives of the top management Signup and view all the answers

Match the following with their primary focus:

Management = Represents employees who work for remuneration (salary) Administration = Represents owners who get a return on the capital invested by them Signup and view all the answers

Match the following with their key functions:

Management = Devotes more time on planning and coordinating functions Administration = Devotes more time to organizational and directional functions Signup and view all the answers

Match the following with their roles in an organization:

Top management = Appoints executives for middle level i.e. departmental managers, controls & coordinates activities of all departments Middle management = Interprets and explains policies from top level management to lower level, evaluates performance Signup and view all the answers