Business Studies Quiz - Nature and Significance of Management
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1. What is the primary objective of management?
Maximize profits · Achieve organizational goals · Minimize costs · Enhance employee satisfaction
2. Which of the following is NOT a characteristic of management?
Goal-oriented · Continuous process · Static in nature · Multidisciplinary
3. Management is considered a science because it is based on:
Principles and theories · Intuition and experience · Trial and error · Personal beliefs
4. Which function of management involves setting objectives?
Planning · Organizing · Leading · Controlling
5. The process of management is described as:
A one-time activity · A continuous activity · A rigid framework · An isolated function
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