Tag: meaning, nature and importance of management

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

Management might plan.

  1. For a short period

  2. For a long run

  3. For a short period or long run

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

Management might plan- for a short period and also for long period. The time period depends on the organizational objectives. Management helps to achieve group goals. It also helps to use available resources at an optimum level.

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

_________ is concerned with the persons, or organization groups making the decision making process.

  1. Empirical Approach

  2. Group behaviour approach

  3. Interpersonal behaviour approach

  4. Decision theory approach
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Decision theory approach is concerned with the persons, or organization groups making the decision making process. Decision theory approach is an interdisciplinary approach. It helps to determine that how the decisions are made in a job environment which is uncertain. It helps to analyze decision making process.

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

Which word did Luther Gulick coin using initial letters of management?

  1. POSBRD

  2. POSDCORB

  3. POSDCORBAC

  4. POCDAORD
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

POSDCORB is the word which Luther Gulick coined using the initial letters of management. POSDCORB is used as an acronym for Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting. It reflects classical view of organization theory. It is broadly used in the field of management.

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

___________ coined the word POSDCORB.

  1. Luther Gulick

  2. New man and summer

  3. Henry Fayol

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

Luther Gulick coined the word POSDCORB. POSDCORB is used as an acronym for Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting. It reflects classical view of organization theory. It is broadly used in the field of management.