Q. What does the term 'delegation' refer to in management?
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A.
Assigning tasks to subordinates
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B.
Setting goals for the team
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C.
Monitoring employee performance
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D.
Creating a budget
Solution
Delegation refers to the process of assigning tasks and responsibilities to subordinates to enhance efficiency.
Correct Answer:
A
— Assigning tasks to subordinates
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Q. What is the primary focus of marketing management?
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A.
Product development
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B.
Customer satisfaction
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C.
Cost reduction
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D.
Supply chain efficiency
Solution
The primary focus of marketing management is customer satisfaction, ensuring that products meet customer needs.
Correct Answer:
B
— Customer satisfaction
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Q. Which of the following is a characteristic of a successful team?
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A.
Lack of communication
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B.
Diverse skill sets
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C.
Rigid hierarchy
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D.
Individual goals
Solution
A successful team typically has diverse skill sets, which allows for a broader range of ideas and solutions.
Correct Answer:
B
— Diverse skill sets
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Q. Which of the following is a key principle of organization?
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A.
Unity of command
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B.
Flexibility
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C.
Innovation
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D.
Cost minimization
Solution
Unity of command is a key principle of organization, ensuring that each employee reports to one manager.
Correct Answer:
A
— Unity of command
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Q. Which of the following is an example of an entrepreneurial trait?
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A.
Risk aversion
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B.
Creativity
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C.
Conformity
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D.
Indecisiveness
Solution
Creativity is an example of an entrepreneurial trait, as entrepreneurs often need to innovate and think outside the box.
Correct Answer:
B
— Creativity
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