Organization and Management Lesson 1 - Quiz 1

Management is a science but not an art.

The management principles, which are now practiced by business practitioners and professionals, are based on scientific principles.

Efficiency is the quality of being able to maximize output with minimum input.

Efficiency means "doing the right thing."

Globalization enables people to do business in any part of the world.

Marketing is the process of planning, organizing, leading and controlling the activities of an organization effectively and efficiently to achieve organizational goals.

Globalization enables people to do business in any part of the world.

Should one be effective first before being efficient or is it the other way around? Justify your answer.

Which among factors influencing management have the most impact in business in the Philippines? Why do you think so?