701 L3

What is the purpose of the principles of management?

• To limit the flexibility of managers

• To create rigid rules for managers to follow

• To outline features common to managing organizations

• To discourage managers from adapting to changing conditions

What does the principle of 'Unity of Command' suggest?

• Employees should receive orders from multiple superiors

• Employees should be allowed to give orders

• Employees should receive orders from one superior only

• Employees should not follow any orders

What is the main focus of a SWOT analysis?

• Implementing new technologies

• Creating new management principles

• Analyzing financial statements

• Identifying strengths, weaknesses, opportunities, and threats

When should you use a SWOT analysis?

• To never adjust plans mid-course

• To explore possibilities to problems

• To avoid making decisions

• To ignore external factors

What does the principle of 'Order' emphasize?

• A place for everything and everything in its place

• Chaos and disorganization

• Random placement of resources

• No need for organization

Why is stability of tenure important according to the text?

• To discourage employees from staying long-term

• To create uncertainty in the workplace

• To increase turnover of employees

• To provide employees with job security and involvement in work

What is the main benefit of delegation of authority?

• Creating a rigid hierarchy

• Limiting the growth of employees

• Centralizing all decision-making power

• Preparing subordinates for higher responsibility

What is the focus of the SWOT analysis in terms of external factors?

• Activities and processes

• Human resources and physical resources

• Strengths and Weaknesses

• Opportunities and Threats