Practice Questions

To prioritize only the interests of shareholders.

To ignore the demands of employees and government.

To balance competing pressures from various groups—like shareholders, employees, and the government—to ensure the organization functions smoothly.

To create conflicts between different groups within the organization.

By resisting all new technological advancements.

By integrating new innovations and helping organizations transition from older methods to more specialized and technologically advanced ones.

By maintaining traditional methods exclusively.

Deciding where to allocate resources without considering efficiency.

Ensuring the most efficient use of scarce resources to ultimately serve the greater interests of society.

Primarily focusing on increasing resource acquisition regardless of cost.

Its principles are fixed and do not change.

It must continuously evolve by drawing on ideas and concepts from various disciplines and adapt to social and environmental changes.

It is a rigid field with no interdisciplinary connections.

Managers avoid making critical decisions.

The quality of a manager's decisions is a key indicator of an organization's success or failure.

Decisions are made randomly without careful consideration.

Decision-making is a one-time event in an organization.

Managers have no power to direct subordinates.

Authority is irrelevant in modern management.

Management establishes formal rules and procedures for subordinates to follow and implies the authority to guide people in their work.

Subordinates dictate the rules to managers.

Is characterized by a clear sequence of functions, such as planning, organizing, directing, and controlling.

Depends entirely on the intuition of individual managers.

Management randomly allocates resources without specific goals.

The management function systematically drives the organization toward accomplishing pre-defined objectives and results.

Management focuses on processes rather than outcomes.

Objectives are subject to constant, unplanned changes.

It focuses on separating human and non-human resources.

It aims to achieve individual goals without considering organizational objectives.

It brings together all resources—both human and non-human—to achieve organizational goals and aligns individual efforts.

It primarily deals with external stakeholder demands.

Because it focuses on individual achievements only.

Success is achieved through unified group efforts, integrating individual contributions.

It requires managers to work in isolation.

It only applies to large teams, not small ones.

Decision-making, leading, motivating, staffing

To forecast and plan, to organize, to command , to co-ordinate and to control

Staffing, training, evaluating, compensating

Researching, developing, marketing, selling

Maximizing individual performance regardless of group goals

Creating and maintaining an internal environment in enterprise where individuals working in groups, can perform efficiently and effectively toward the attainment of group goals.

Only when an organization faces financial distress

Only in large, multinational corporations

Whenever people collaborate within an organization

Managers are always the sole owners of the company.

Managers and owners are typically the same individuals.

Management and ownership are distinct entities, and managers are professionals who may not be owners.

Managers are only appointed if they have significant ownership stakes.

By ignoring external changes and focusing solely on internal operations.

By strictly adhering to traditional methods, resisting any new innovations.

By planning and smoothly executing necessary organizational changes.

By increasing advertising efforts to mask operational inefficiencies.

Accumulating as many resources as possible regardless of their use.

Deciding resource allocation and ensuring their most efficient use.

Limiting resource use to conserve them for future generations.

Distributing resources equally among all employees.

By its physical office space and equipment.

By the quality of the organization and the results it produces.

By the visible hierarchy within the company.

It is a science due to its reliance on technology and an art due to its creative marketing.

It is a science because it involves financial calculations and an art because it requires aesthetic design.

It is a science based on established principles and an art because its application requires skill and creativity.

It is a science because it uses data analysis and an art because it depends on individual talent alone.

Management is Universal in its Application.

Researching, marketing, selling, and accounting.

Planning, organizing, directing, and controlling.

Staffing, innovating, financing, and producing.

Observing, analyzing, documenting, and reporting.

To dictate policies without collaboration.

To serve solely as a financial oversight body.

To unify an organization's resources to achieve its goals.

To independently perform all tasks within an organization.

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