Recap the Management Module

What are the primary functions of management?

• • Planning, organising, leading, and controlling

• • Human, financial, and material assets

• • All of the above

What is the main objective of managerial activities?

• • Maximising profits

• • Attaining specific goals and objectives

• • Coordinating individual efforts

• • Controlling various resources

Which assets are considered resources within an organisation?

• • Human and financial

• • Financial and material

• • Human and material

• • All of the above

What does the process of planning in management involve?

• • Executing tasks without any strategy

• • Defining goals, setting objectives, and outlining strategies

• • Ignoring the current situation and focusing only on the future

• • Exclusively predicting future trends

To be effective, managers need

• Technical skills
• Interperonal skills
• Conceptual Skills
• All of the above

Conceptual skills are most important for

• Top level management
• Mid-level management
• Supervisory management
• Front line employees

Of what activity is the following the description of: A communication link has to be maintained with subordinates as well as superiors for effective functioning of an enterprise

• informational activities

• decisional activities

• inter-personal activities

Of what activity is the following the description of: managers are continuously involved in decisions of different kinds

• informational activities

• decisional activities

• inter-personal activities

Of what activity is the following the description of: managers have to interact with superiors as well as the sub-ordinates. They must maintain good relations with them.

• informational activities

• decisional activities

• inter-personal activities

Which level of managements consists of board of directors, chief executive or managing director.

• Administrative

• Executory

• Supervisory