POM - Prelims

ODD ONE OUT : Identify the incorrect definition of MANAGEMENT

• The act of getting things done through people

• The art of knowing what you want to do in the best and cheapest way

• D. Knowing what is to be done and seeing that it is done in the best possible manner

• It is a set of principles relating to functions like financing and computing

What are the two main aspects of effective management?

• Innovation and cost-effectiveness

• Efficiency and effectiveness

• Leadership and teamwork

• Planning and control

Management principles are

• Only applicable in specific industries

• Universal in nature

• Limited to large organizations

• Dependent on company culture

Fairness in management is about

• Treating everyone exactly the same

• Giving everyone equal opportunities

• Favoring high performers over others

• Implementing strict disciplinary measures

Management is a single, well-defined action

• TRUE

• FALSE

Management involves organizing resources to achieve goals

• TRUE

• FALSE

Management is purely a science with specific formulas

• TRUE

• FALSE

Management can only function effectively in a group setting

• TRUE

• FALSE

Strict adherence to policies at all times is essential for good management

• TRUE

• FALSE

Leaders are naturally born

• TRUE

• FALSE