What is a vital function of management in any business?
a) Marketing
b) Finance
c) Resource efficiency
d) Product development
Explanation: Resource efficiency is a vital function of management in any business.
What does management rely on to reach organizational goals?
a) Technology
b) Automation
c) Resource efficiency and people's guidance
d) Financial investments
Explanation: Management relies on resource efficiency and people's guidance to reach organizational goals.
What characterizes the nature of management processes?
a) Disjointed functions
b) Sequential functions
c) Continuous process
d) Isolated functions
What is the central focus of effective management?
a) Personal objectives
b) Profit maximization
c) Achieving the organization's mission and vision
d) Employee satisfaction and setting target
How does management achieve goals in the context of resources and people?
a) Isolating individuals from resources
b) Aligning the wrong individuals with resources
c) Working with people and resources
d) Ignoring the connection between people and resources
Explanation: Management achieves goals by ensuring the right individuals are connected with the appropriate resources to fulfill organizational objectives.
According to Henry Fayol, what are the primary functions involved in management?
a) Forecasting and organizing
b) Planning and controlling
c) Commanding and coordinating
d) All of the above
