POM-Q1

• What is management?

• a) The process of designing products

• b) The process of dealing with or controlling things or people

• • c) The process of marketing products

• • d) The process of creating software

• Is management a science or an art?

• a) Science

• • b) Art

• • c) Both

• d) Neither

Why is management important in organizations?

• a) To design new products

• • b) To control resources and achieve goals

• • c) To create marketing strategies

• • d) To develop software

 Which of the following best describes an entrepreneur?

• a) A person who designs products

• b) A person who organizes and operates a business

• c) A person who writes software

• d) A person who works in marketing

• What is a key difference between a manager and an entrepreneur?

• a) Managers take financial risks, entrepreneurs do not

• • b) Entrepreneurs take financial risks, managers do not

• • c) Both take financial risks

• d) Neither take financial risks