Management

Management is a science but not an art.

• True

• False

The management principles, which are now practiced by

business practitioners and professionals, are based on scientific principles.

• True

• False

Efficiency is the quality of being able to maximize output with minimum input.

• True

• False

Some companies failed to implement their strategies

because of the lack of employees who will execute them.

• True

• False

Efficiency means “doing the right thing".

• True

• False

The driving force of people to do

business in a faster way is communication.

• True

• False

Globalization enables people to do business in any part of the world.

• True

• False

Several concepts from psychology such as motivation,

behavior, attitude, and personality give managers

the means to know their employees better.

• True

• False

A business environment consists of a group of firms

which provides related products

and services to meet the needs

and interests of all the key players involved.

• True

• False

Management is the process of planning, organizing, leading, and controlling

the activities of an organization effectively

and efficiently to achieve organizational goals.

• True

• False