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WorksheetsIntroduction to Management Quiz
Total questions: 10
Worksheet time: 5mins
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
