Question 1

The word 'management' denotes practice and comes from the French man&#232;ge

Accepted Answer

The word 'management' does indeed come from the French word manège, which means "handling, management (of horses)". However, its meaning has broadened to include the handling and organization of various tasks and operations in different fields.

Question 2

The American guru Peter Drucker posited that management was just about marketing

Accepted Answer

Peter Drucker did not state that management was just about marketing. He believed that management was a multifaceted discipline that involved many components, including marketing, but also encompassed other areas such as finance, human resources, and operations.

Question 3

The term 'management' is just a title

Accepted Answer

The term 'management' is not just a title, it refers to the process of planning, organizing, coordinating, and directing resources (such as people, materials, and finances) to achieve organizational goals and objectives. It is a crucial function in any organization and involves various activities such as decision-making, problem-solving, communication, and leadership.

Question 4

Fayol described five basic management principles

Accepted Answer

Fayol's five basic management principles are division of labor, authority and responsibility, unity of command, unity of direction, and subordination of individual interests to the general interest.

Question 5

Sound management thrives on positive motivated interaction

Accepted Answer

Positive motivated interaction among team members and managers is crucial for sound management. It fosters better communication, greater teamwork, and ultimately leads to higher levels of productivity and job satisfaction.

Question 6

There are three major management activities

Accepted Answer

There are four major management activities: planning, organizing, leading, and controlling.

Question 7

Sound management practice places a strong emphasis on leadership

Accepted Answer

Leadership plays a crucial role in setting the tone and direction of sound management practices in an organization. Effective leaders establish clear goals, communicate expectations, and model the desired behaviors and values for their team. They also provide guidance, support, and feedback to help employees develop their skills and reach their full potential. Strong leadership fosters a culture of trust, accountability, and continuous improvement that drives success and sustainable growth.

Question 8

Creative and ethical thinking are needed in modern business practice

Accepted Answer

In today's globalized and interconnected business world, creative thinking is vital for companies to stay competitive and innovative. Ethical thinking is also crucial to ensure that businesses operate in a responsible manner and maintain the trust and loyalty of their stakeholders. Therefore, both creative and ethical thinking are necessary for modern business practices.

Question 9

There are three main management styles

Accepted Answer

There are more than three main management styles, including autocratic, democratic, laissez-faire, transformational, transactional, and others.

Question 10

Theory Y and Theory Z are inferior management approaches to traditional Theory X practice

Accepted Answer

Theory Y and Theory Z are actually seen as more advanced and effective management approaches compared to the traditional Theory X practice. Theory X assumes that employees are inherently lazy and need strict supervision and control, while Theory Y assumes that employees are intrinsically motivated and can be trusted to take responsibility for their work. Theory Z builds on Theory Y by emphasizing the importance of participatory management and long-term employment relationships with employees. These theories are more likely to lead to employee engagement and higher productivity compared to a Theory X approach.

Question 11

Hill and Lineback identified three imperatives for successful managers

Accepted Answer

The answer of Hill and Lineback identified three imperatives for...

Question 12

Modern managers must do more than just implement the plans of top management

Accepted Answer

The answer of Modern managers must do more than just...

Deck 3: Management Revisited