Nature and Concept of Management

Question 1

Coordination of all resources through the process of

Answer 1

planning, organizing, directing, and controlling

Question 2

what you want to do and then seeing that it is done in the
best and cheapest way

Answer 2

Art of knowing

Question 3

Managing the business, including managers and workers,
consists in?

Answer 3

guiding human and physical resources

Question 4

What are the Objectives of Management?

Answer 4

Organizational Objectives, personal objectives, and social objectives

Question 5

reasonable profits, survival and growth of business, improving the goodwill of the enterprise, etc.

Answer 5

organizational objectives

Question 6

fair remuneration for work performed, reasonable working conditions, opportunities
for training and development, reasonable security of service, etc.

Answer 6

personal objectives

Question 7

quality of goods and services at fair price to customers, honest and prompt payment
of taxes, conservation of environment and natural resources, preservation of ethical
values of the society, etc.

Answer 7

social objectives

Question 8

what are the Management Process
Characteristics?

Answer 8

Management is a process of continuing related activities, Management is about involving and concentrating on
organizational goals, and Management achieves the organizational goals by working with
people and organization resources

Question 9

refer to activities and processes such as marketing,
finances and purchases,

Answer 9

operational functions

Question 10

operational functions refer to activities and processes such as ?

Answer 10

marketing,
finances and purchases,

Question 11

about a dynamic process, with a number of elements
and activities as part of the process

Answer 11

management

Question 12

What are the management functions?

Answer 12

planning, organizing, staffing, directing, and controlling

Question 13

This is the process of setting the objectives to be accomplished by an
organization during a future time period and deciding on the methods of
reaching them.

Answer 13

Planning

Question 14

It is the process of identifying, subdividing, grouping, assigning
and coordinating activities and providing the necessary authority to
carry out the activities.

Answer 14

organizing

Question 15

It is the process of recruitment, selection, assignment, training
and development of the various kinds of human resources required
by the organization.

Answer 15

staffing

Question 16

The process of communicating with and influencing
subordinate towards the achievement of organizational goals.

Answer 16

directing

Question 17

The functions of monitoring performance and undertaking
corrective actions to ensure the attainment of predetermined goals
and objectives of the organization.

Answer 17

controlling

Question 18

Is it tru that we can safely state that no single theory of management
is universally ac cepted today?

Answer 18

Yes

Question 19

What are the f ive
di f ferent approaches to management?

Answer 19

1. the universal process approach,
2. the operational approach,
3. the behavioral approach,
4. the systems approach, and
5. the contingency approach.

Question 20

is the oldest and one of
the most popular approaches to management thought

Answer 20

the universal process approach

Question 21

also known as the universalist or functional approach.

Answer 21

the universal process approach

Question 22

The universalist approach is based on two main
assumptions

Answer 22

First , successful managers are assumed to be
inter changeable among organizations of differing purpose.

The second assumpton is that universal management
process can be reduced to a set of separate functions and
related principles.

Question 23

What is Henri fayol’s book called?

Answer 23

Administration Industrielle et generale

Question 24

f ive func t ions, or areas, of managerial responsibili ty

Answer 24

planning, organizing, command, coordination, and control

Question 25

spec ializat ion of labor is necessary for
organizat ional suc cess.

Answer 25

division of work

Question 26

the right to give orders must ac company
responsibili ty. Fayol sees authori ty as a combinat ion of
of f i c ial fac tors composed of intelligence, moral wor th and
experience.

Answer 26

authority

Question 27

obedience and respec t help an organizat ion run
smoothly.

Answer 27

discipline

Question 28

each employee should receive orders
f rom only one superior.

Answer 28

unity of command

Question 29

the ef for ts of everyone should be
coordinated and focused in the same direc t ion.

Answer 29

unity of direction

Question 30

resolving the tug of war between personal and
organizat ional interest in favor of the organizat ion is one of
management ’s greatest di f f i cul t ies.

Answer 30

6.Subordinat ion of Individual Interest to the General
Interest

Question 31

“Equal work, and pay.

Answer 31

remuneration

Question 32

“produce the best overall yield.

Answer 32

centralization

Question 33

“chain of superiors”

Answer 33

scalar chain

Question 34

both material things and people should be in their
proper places.

Answer 34

order

Question 35

fairness that resul ts f rom a combinat ion of
kindliness and just i ce will lead to devoted and loyal servi ce.

Answer 35

equity

Question 36

people need t ime to
learn their jobs.

Answer 36

stability and tenure of personnel

Question 37

“sac ri f i ce personal vani ty”

Answer 37

initiative

Question 38

“in uni ty, there
is st rength.

Answer 38

esprit de corps

Question 39

is a convenient description of the
production oriented area of management dedicated to improving
efficiency, cutting waste, and improving quality

Answer 39

the operational approach

Question 40

to management point out that people deserve to be the
central focus of organized activity.

Answer 40

the behavioral approach

Question 41

is a collection of parts operating interdependently
to achieve a common purpose.

Answer 41

the system approach

Question 42

Is an effort to determine through research which managerial
practices and techniques are appropriate in specific
situations.

Answer 42

the contingency approach

Question 43

involves determining organizational goals and a means for
achieving them.

Answer 43

planning

Question 44

is deciding where decisions will be made, who will do what jobs
and tasks, and who will work for whom in the company.

Answer 44

organizing

Question 45

involves inspiring and motivating workers to work hard to achieve
organizational goals

Answer 45

leading

Question 46

is monitoring progress toward goal achievement and taking
corrective action when progress is not being made.

Answer 46

controlling