The Management Mastery Quiz

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Questions and Answers

Which of the following best describes management?

  • The administration of organizations
  • The science of managing resources
  • The coordination of employees to accomplish objectives
  • All of the above (correct)

What is the purpose of setting the strategy of an organization?

  • To coordinate the efforts of employees
  • To adapt goods or services to meet customer needs
  • To allocate authority and resources (correct)
  • To deliver goods or services

Which field of study is related to managing nonprofit organizations?

  • Political science
  • Nonprofit management (correct)
  • Business administration
  • Public administration

What are the types of resources that management deals with?

<p>Financial, natural, technological (B)</p> Signup and view all the answers

Who are referred to as managers in an organization?

<p>Employees or volunteers (D)</p> Signup and view all the answers

What is management?

<p>Management is the administration of organizations through business administration, nonprofit management, or public administration.</p> Signup and view all the answers

What does management involve?

<p>Management involves setting the strategy of an organization and coordinating the efforts of its employees or volunteers to accomplish its objectives through the application of available resources.</p> Signup and view all the answers

What are the two concepts used in management to differentiate between different activities?

<p>The two concepts used in management are 'run the business' and 'change the business'.</p> Signup and view all the answers

What does the term 'management' also refer to?

<p>The term 'management' also refers to those people who manage an organization—managers.</p> Signup and view all the answers

What is the purpose of setting the strategy of an organization?

<p>The purpose of setting the strategy of an organization is to adapt goods or services to meet the changing needs of customers.</p> Signup and view all the answers

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