MGT103 FULL FINAL EXAM | WITH 100% CORRECT ANSWERS | LATEST UPDATE | GRADED A+

1) _____ can be defined as a set of activities directed at an organization's resources, with the aim of achieving organizational goals in an efficient and effective manner. A) Economics B) Job de-skilling C) Management D) Self-dealing E) Divestment C 2) Which of the following helps make the management process efficient? A) Increasing overhead production costs B) Using resources in a cost-effective manner C) Making management decisions independently of the organization's external environment D) Using the majority of resources for sales promotion activities E) Using micromanagement techniques B 3) A management process is considered to be effective when: A) overhead production costs are increased. B) the right decisions are made and implemented.