Introduction to Management Quiz

Management is:

• A science

• An art

• A profession

• All of the above

The primary objective of management is to:

• Maximize profits

• Minimize costs

• Achieve organizational goals efficiently

• Improve employee satisfaction

The term "marketing mix" refers to:

• Product, Price, Place, and Promotion

• Product, Production, People, and Process

• Production, Price, Planning, and Place

• People, Planning, Production, and Price

Which of the following is NOT a part of the Product Life Cycle (PLC)?

• Introduction

• Growth

• Decline

• Stabilization

Which of the following is an example of a continuous production system?

• Job shop production

• Batch production

• Mass production

• Project production

The primary objective of production scheduling is to:

• Minimize production cost

• Maximize worker output

• Ensure timely completion of production tasks

• Increase product variety

The process of identifying and attracting potential employees is called:

• Selection

• Induction

• Recruitment

• Performance appraisal

Which of the following is an internal source of recruitment?

• Job advertisements

• Employee referrals

• Promotion

• Campus placements

The primary goal of financial management is to:

• Maximize the wealth of shareholders

• Minimize operational costs

• Increase the company's market share

• Maximize sales revenue

The cost of capital is primarily used for:

• Determining profit margins

• Evaluating investment projects

• Setting dividend policies

• Pricing products