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MGMT 340 Chapter 1 Questions and Answers | Latest Update | 2024/2025 | Rated A+ $9.66   Add to cart

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MGMT 340 Chapter 1 Questions and Answers | Latest Update | 2024/2025 | Rated A+

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MGMT 340 Chapter 1 Questions and Answers | Latest Update | 2024/2025 | Rated A+ What is the primary focus of management? A. Increasing profits B. Efficiently achieving organizational goals C. Minimizing costs D. Expanding market share B. Efficiently achieving organizational goals Wh...

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  • September 25, 2024
  • 26
  • 2024/2025
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  • MGMT 340 Chapter 1
  • MGMT 340 Chapter 1
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MGMT 340 Chapter 1 Questions and
Answers | Latest Update | 2024/2025 |
Rated A+

What is the primary focus of management?

A. Increasing profits

B. Efficiently achieving organizational goals

C. Minimizing costs

D. Expanding market share


✔✔ B. Efficiently achieving organizational goals




Which of the following best describes the concept of planning in management?

A. Reacting to changes

B. Setting objectives and determining a course of action

C. Delegating tasks

D. Monitoring employee performance


✔✔ B. Setting objectives and determining a course of action




What does organizing in management involve?

1

,A. Setting objectives

B. Creating a network of relationships

C. Evaluating performance

D. Communicating with employees


✔✔ B. Creating a network of relationships




Which of the following is a key function of management?

A. Dictating

B. Controlling

C. Ignoring feedback

D. Sole decision-making


✔✔ B. Controlling




What is the main purpose of leading in management?

A. To manage finances

B. To inspire and motivate employees

C. To create policies

D. To conduct evaluations


2

, ✔✔ B. To inspire and motivate employees




Which term refers to the process of monitoring progress toward goal achievement?

A. Planning

B. Organizing

C. Leading

D. Controlling


✔✔ D. Controlling




What is a characteristic of effective management?

A. Authoritarian leadership

B. Flexibility and adaptability

C. Rigid structure

D. Lack of communication


✔✔ B. Flexibility and adaptability




Which type of manager focuses primarily on the day-to-day operations of the organization?

A. Top manager


3

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