2.3 Management Quizs

Laissez-faire management

• is characterized by strict control from managers.

• takes place when managers allow subordinates freedom to make their own decisions.

• requires constant supervision of employees.

• is focused on micromanaging tasks.

Democratic management

• occurs when information is shared and team members participate in decision-making.

• is a management style that focuses solely on top-down directives.

• involves making decisions without consulting team members.

• is characterized by a lack of communication among team members.

Paternalistic management

• is a style in which managers take decisions in what they believe are the best interests of their subordinates.

• is a management style that encourages employees to make their own decisions.

• is a method where managers delegate all decision-making to their teams.

• is a leadership approach that focuses solely on profit maximization.

Autocratic management

• exists when managers keep control of information and make major decisions alone.

• is characterized by a collaborative approach to decision-making.

• involves sharing power and responsibilities with team members.

• is focused on achieving consensus among all stakeholders.

Management

• is the process of hiring and firing employees.

• is planning, organising, directing and controlling all or part of a business enterprise.

• is solely focused on financial aspects of a business.

• is about creating a product and marketing it.

Leadership

• includes the functions of ruling, guiding and inspiring other people within an organisation in pursuit of agreed objectives.

• is primarily about managing resources and finances effectively.

• focuses solely on the authority of a position within a company.

• is about maintaining the status quo and avoiding change.