[Solved] Which of the following is NOT one of the four primary manage (2024)

FAQs

Which of the following is not one of the 4 M's? ›

Answer Details

The 4M's of business resources are material, men, money and machine. These are the basic resources that a business needs to carry out its operations. The methods of operations are not part of the 4M's, but are instead part of the overall business strategy. Therefore, the correct answer is "Method".

Final answer: Among the options provided, the strategy 'Compete on employee loyalty' is not one of the four basic strategies companies use to deal with competitive forces. These strategies are: Strengthen customer and supplier intimacy, Focus on a market niche, Differentiate products, and Lower costs.

Answer and Explanation:

Informing, while imperative for all managers to have, is not a function of management. The functions of management are planning, leading, organizing, and controlling.

Which of the following is NOT an element of a Process Safety Management Program? Process change management.

Fundamentally, the resources required in a business constitute 4 Ms: - Manpower, Money, Material and Method. Managing these 4 Ms efficiently can give you a competitive advantage as well as set your business on the path to success.

Key PointsStaffing is not included in primary four management functions. These are Planning, Organizing, Leading, and Controlling.

The marketing mix, also known as the four P's of marketing, refers to the four key elements of a marketing strategy: product, price, place and promotion.

What are the 4 competitive priorities in an operations strategy? The four competitive priorities for operations strategy and management include cost, quality, flexibility, and speed.

Inspecting is not a basic function of the management process.

What are the 4 functions of management defined? ›

The four functions of management are planning, organizing, leading and controlling. Successful managers must do all four while managing their work and team. These are foundational of any professional managerial position. Plus, there are other skills and specialized knowledge related specifically to the job you manage.

Which of the following is NOT one of the four basic functions of management? Meeting. The 4 main ones are Planning, Directing, Controlling, and Organizing.

Among the given, only the risk measurement is not a sub-process associated with risk management.

The correct answer is Pricing. Key PointsThere are five steps of management process; planning, organizing, staffing, directing or leading, and controlling. Therefore, here pricing is not the part of its process. Managers design a plan of action to accomplish organizational goals during the planning stage.

Four key elements shape a successful safety program including management commitment and employee involvement, worksite safety analysis, hazard prevention and control, and safety and health training.

Home Dictionary 4Ms. The 4Ms refer to the four types of causes that may create problems in a production process: Man, Machine, Method and Materials.

In a lean system, the Four Ms mean: Material—no defects or shortages. Machine—no breakdowns, defects, or unplanned stoppages. Man—good work habits, necessary skills, punctuality, and no unscheduled absenteeism. Method—standardized processes, maintenance, and management.

As I was filling in the questionnaire which evaluated the startups, I noticed that the questions being asked revolved around four topics all starting with the letter M: market, model, management and momentum.