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Question
A qualified, efficient, and skilled workforce is always a ___________ of the organization.
Options
liabilities
assets
expenses
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Solution
A qualified, efficient, and skilled workforce is always the assets of the organization.
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RELATED QUESTIONS
Answer in one sentence.
What is management?
Arrange in proper order.
Controlling, Organizing, Planning.
Arrange in proper order.
Directing, Co-ordinating, Staffing.
Explain the following term/concept.
Organizing
Study the following case/situation and express your opinion.
| Mr. Ram, an emerging entrepreneur has designed a structure of his business organization by taking into consideration the required resources such as land, money, machinery, workforce, etc, for his new business. He appointed Mr.Shyam as a manager. Mr. Ram has assigned responsibilities such as recruitment, selection, training, and development and to determine the remuneration of the employees to Mr. Shyam. Mr. Ram has also appointed Mr. Shubham to supervise the work done by the employees according to the standards given to the employees. Mr. Shubham has to also suggest the remedies to the employees wherever necessary. On this context, find out the management functions performed by |
- Mr. Ram
- Mr. Shyam
- Mr. Shubham
Justify the following statement.
Organizing facilitates administration as well as the operation of the organization.
The tasks of getting the things done by others is known as _____________
Study the following case/situation and express your opinion:
| Meena a home science graduate has recently done a cookery course. She wished to start her own venture with a goal to provide 'healthy food' at reasonable price. She discussed her idea with her teacher (mentor) who encouraged her. After analysing various options for starting her business venture, they shortlisted the option to sell readymade and 'ready to make' vegetable shakes and milk shakes. Then they both weighed the pros and cons of both the shortlisted options. |
- Name the function of management being discussed above and give any one of its characteristics.
- Also briefly discuss any two limitations the function discussed in the case.
Which function decides what, how and who will do the work?
Which function sets goals and develops plans?
Which function assigns duties and groups tasks?
“Right person for the right job” expresses the core idea of which function?
Which function leads, influences and motivates employees?
Which function monitors performance towards goals?
Taking corrective action is a key activity of which function?
Which order correctly presents the functions of management?
Why is it often difficult to pinpoint where one management function ends and another begins?
