QUIZ 1 MANAGEMENT THEORY AND PRACTICE

Organization is a social entity that is deliberately structured and have a specific profit oriented objective.

• TRUE

• FALSE

Manager is an employee who is responsible for managing job assignments of other employees and making key business decisions.               

• TRUE

• FALSE

   Efficiency means doing right things while effectiveness means doing things right.

• TRUE

• FALSE

4 Functions of management are Planning, Organizing, Leading and Completing.

• TRUE

• FALSE

There are four (4) levels in the managerial levels for most of the organization.

• TRUE

• FALSE

Unit chief, supervisor and section chief are examples of titles for first-line management level.

• TRUE

• FALSE

Technical skills are skills for using existing information to determine how the firm’s resources should be allocated.

• TRUE

• FALSE

Liaison role let managers deal with people within the organization.

• TRUE

• FALSE

A plan is a blueprint for action that prescribes the activities necessary for the organization to realize its goal.

• TRUE

• FALSE

One of the reason why managers fail to set goals for their organization is because lack of confidence.

• TRUE

• FALSE