The concept of management

Peter Drucker described management as: 'an objective function determined by ___

• Rules

• Tasks

• Objectives

In common parlance, the term `management´is used in various contexts as:

• A field of study with reference to managing business.

• A team of people who lead organizations

• Process of planning, organizing and leading activities for attaining goals and objectives of an organization of institution.

• All of the above

Which of the following tasks can beadded to the management definition?

• Goal formation.

• Development of an operating philosophy.

• Operation within the social system.

• All of the above

Defines management as 'guiding human and physical resources into dynamic organization units, which attain their objectives to the satisfaction of those served and with a high degree of morale and sense of attainment on the part of those rendering services'.

• The British Management Organization

• The World Management Organization

• The American Management Association

• The Great Management Association

Mention one of the 11 tasks that management involves:

Group goals refer to goals that would benefit all _______ of the business.

• Markets

• Systems

• Stakeholders

Most experts agree that these are the

main functions of management that must

be understood and executed by managers.

• Planning, organizing, staffing and motivating

• Directing, coordinating, reporting and budgeting

• All of the above

Management is a sum of these traditional five functions and includes strategies that take into consideration the business environment and operational expectations.

• Planning, organizing, staffing, directing and controlling.

• Visualizing, leading, educating and creating

• Designing, investigating, innovating and playing

Business management is more complex

than due to the interplay of the ________ environment.

• Small and big

• Internal and external

• Good and bad

Primary managerial roles, can be

described as:

• Interpersonal roles

• Informational roles

• Decision roles

• All of the above