PMG1123 QUIZ CHAPTER 1

What is a manager primarily responsible for?

• Taking financial risks

• Setting up a business

• Coordinating the work of others

• Creating new products

Which of the following best describes an entrepreneur?

• An individual who oversees daily operations

• A manager who focuses on efficiency

• A person who takes financial risks to start a business

• Someone who manages a team

What does efficiency in management mean?

• Allocating resources effectively

• Motivating employees

• Achieving organizational goals

• Doing things right

Which level of management is responsible for day-to-day activities?

• Executive managers

• First-line managers

• Middle managers

• Top managers

What is one of the three types of management skills identified by Robert L. Katz?

• Financial skills

• Technical skills

• Legal skills

• Marketing skills

What is the primary function of planning in management?

• Motivating employees

• Monitoring performance

• Allocating resources

• Setting goals and strategies

Which of the following is NOT one of Mintzberg's management roles?

• Evaluator

• Leader

• Entrepreneur

• Monitor

What does the term 'organizational goals' refer to?

• The financial targets of a company

• The specific purposes an organization aims to achieve

• The personal objectives of employees

• The strategies used to manage resources

What is the role of a disturbance handler in management?

• To deal with threats to the organization

• To initiate change

• To motivate employees

• To allocate resources

Which principle of management emphasizes the importance of fair wages?

• Unity of Command

• Authority

• Remuneration

• Discipline