Write T if the statement is true and if false change the underline word to make the statement correct. 1. As an art Management is a science but not an art. 2. TRUE The management principles, which are now practiced by business practitioners and professionals, are based on scientific principles. 3. TRUE Efficiency is the quality of being able to maximized output with minimum input. 4. TRUE Some companies failed to implement their strategies because of the lack of employees who will execute them. 5. Effectiveness Efficiency means “doing the right thing.’’ 6. TRUE The driving force to do business in a faster way is communication. 7. TRUE Globalization enables people to do business in any part of the world. 8. TRUE Several concepts from psychology such as motivation, behavior, attitude, and personality give managers the means to know their employees better. 9. TRUE A business environment consist of a group of firms which provide related products and services to meet the needs and interest of all the key players involved. 10. TRUE Management is the process of planning, organizing, leading, and controlling the activities of an organization effectively and efficiently to achieve organizational goals.