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Management
Management
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Flashcards
26 cards
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Practice quiz
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Questions
26
Answers
1
Why is management considered a universal concept?
It only applies to large businesses
It only applies to manufacturing industries
It applies to all organizations, including businesses, governments, and non
It is only used in private companies
2
According to Fayol, what are the four main functions of management?
Training, Budgeting, Advertising, Communicating
Planning, Organizing, Leading, Controlling
Reporting, Documenting, Planning, Networking
Hiring, Firing, Motivating, Controlling
3
Management is a dynamic function because it must adapt to changes
in technology, society, and the economy.
Nothing
4
Katz suggested that managers need technical, human, and conceptual skills.
True
False
5
How does studying management help in daily life?
It teaches people how to fire employees
It makes people work faster
It improves decision-making, leadership, and organization
It only benefits those who want to be managers
6
Why should a company be both efficient and effective?
To reduce the need for planning
To focus only on achieving goals, regardless of resources
To ensure employees work more hours
To maximize profits and reduce waste
7
What does it mean that management is a continuous process?
It happens only once a year
It stops once a company reaches its goals
It never stops and involves constant planning, organizing, and controlling
It is only needed in financial decisions
8
William Schulze defined administration as the force that sets objectives and policies.
True
False
9
What is the key difference between efficiency and effectiveness?
Effectiveness only applies to managers
Efficiency is about saving resources; effectiveness is about achieving goal
They mean the same thing
Efficiency is about setting goals, and effectiveness is about execution
10
What are Katz’s three essential managerial skills?
Technical, Human, Conceptual
Financial, Marketing, Operational
Strategic, Analytical, Social
11
Studying management is important because we interact with organizations daily.
False
True
12
What is the main difference between administration and management?
Administration is only found in government organizations
Administration focuses on long-term planning, while management handles dail
Management and administration are the same
Management focuses on policy-making
13
Administration and management are different; administration focuses on policies, while management focuses on execution.
True
False
14
Fayol’s management theory includes planning, organizing, leading, and controlling.
True
False
15
Mintzberg identified three key managerial roles: interpersonal, informational, and decisional.
False
True
16
Management is the process of achieving goals effectively and efficiently.
True
False
17
Efficiency means doing the right things to achieve company goals.
False
True
18
What is management?
A way to control employees
The process of making products
Achieving goals effectively and efficiently
Only used in big companies
19
What are the three main approaches to management?
Human Resources, Operations Management, Customer Service
Fayol’s Functional Approach, Mintzberg’s Managerial Roles, Katz’s Manageria
Financial Management, Marketing Management, Strategic Planning
Scientific Management, Leadership Theory, Business Analytics
20
What is the key difference between Fayol, Mintzberg, and Katz’s approaches?
Fayol and Mintzberg focus only on leadership
Fayol focuses on functions, Mintzberg on roles, Katz on skills
They all describe the same concepts
Katz’s approach is not related to management
21
Which of the following is an example of management?
A chef cooking food at home
A student studying for an exam
A worker doing their daily tasks
A manager organizing staff to serve food quickly and properly
22
How did William Schulze define administration?
The process of managing employees
The execution of daily tasks
The force that sets objectives and policies in an organization
The study of financial accounting
23
Management applies to all types of organizations, not just large companies.
True
False
24
All three approaches agree that management is essential, but they focus on different aspects.
True
False
25
What does Mintzberg’s approach focus on?
The roles managers play, such as interpersonal, informational, and decision
The impact of marketing strategies
The skills required for leadership
The importance of financial management
26
Who is responsible for administration, and who handles management?
Administration – Employees, Management – Executives
Administration – Executives, Management – Managers and supervisors
Administration – Shareholders, Management – Workers
Administration – Customers, Management – Employees
