Principle of Management Chapters 1-5

What is Management

• Leading and motivating people

• Someone who checks on everything and makes sure everything is done smoothly

• Getting work done through others

• The process of obtaining, deploying, and utilizing a variety of essential resources to contribute to an organization’s success

Which of the following statements is/are true with reference to principles of management?

• The principles are guidelines to action

• The principles denote a cause and effect relationship.

• Principles help the manager to take decisions while performing various management functions

• All of the above

What is efficiency

Answer explanation

Getting work done with minimum effort, expense, or waste

What is effectiveness?

Answer explanation

Accomplishing tasks that help fuifull organizational objectives

Efficiency and effectiveness can be used interchangably

• True

• False

A high level of efficiency will help us achieve goals faster

• True

• False

What are the four functions of management?

Answer explanation

Planning, leading, organizing, and controlling

Which term means to determine organizational goals and find a means for achieving them

• Controlling

• Planning

• Organizing

• Leading

Which term means to monitor progress toward goal achievement and taking corrective action when progress isn't being made

• Planning

• Leading

• Controlling

• Organizing

Which term means to inspire and motivate workers to work hard to achieve organizational goals

• Leading

• Controlling

• Planning

• Organizing