Tag: importance of management

Questions Related to importance of management

Management might plan.

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

  1. For a short period

  2. For a long run

  3. For a short period or long run

  4. None of the above

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Correct Option: C
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.

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

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

  1. Empirical Approach

  2. Group behaviour approach

  3. Interpersonal behaviour approach

  4. Decision theory approach

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Correct Option: D
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.

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

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

  1. POSBRD

  2. POSDCORB

  3. POSDCORBAC

  4. POCDAORD

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Correct Option: B
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.

___________ coined the word POSDCORB.

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

  1. Luther Gulick

  2. New man and summer

  3. Henry Fayol

  4. Marshall

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Correct Option: A
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.