Tag: business organisation

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Questions Related to business organisation

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

The clarification of management commonly known as 'POSDCORB' was given by ________.

  1. Cayol

  2. Newman & summer

  3. Luther Gullicer

  4. Henry
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Luther Gulick coined 'POSDCORB' as an acronym for management functions: Planning, Organizing, Staffing, Directing, COordinating, Reporting, and Budgeting. 'Cayol' is likely a misspelling of Henri Fayol. Newman & Summer and Henry are not associated with this acronym. The correct spelling is Gulick, not Gullicer.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Empirical approach of management says that ________.

  1. understanding of management is based on study and analysis of different cases

  2. understanding of management is based on study and analyse of interpersonal skills.

  3. understanding of management to decision making power of management

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The empirical approach to management focuses on learning from past experiences, case studies, and the analysis of successful or unsuccessful management practices. This allows managers to apply lessons learned from history to current situations.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

'Getting things done through and with the people' is given by _________.

  1. Koontz and O'donnell

  2. Henry Fayol

  3. Haimann

  4. Hicks
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Harold Koontz and Cyril O'Donnell are widely credited with the definition of management as the process of getting things done through and with people in formally organized groups.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Management is a _______.

  1. dynamic process

  2. continuous process

  3. both (a) and (b)

  4. none of the above.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Management is a dynamic as well as continous. Management is a dynamic process because it keeps on changing with the changes that takes place in environment. It is continous process because it is the act of coordinating the efforts of people to accomplish desired goals and objectives using available resources efficiently and effectively. It continues till the goals are achieved by organisation.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Mathematical approach to management is closely related to ________.

  1. empirical approach of management

  2. inter personal behaviour approach of management

  3. corporate approach of management

  4. decision theory approach of management
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Mathematical approach to management is closely related to decision theory approach. As per this approach analysis and use of mathematical model is the main work of management.