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Give one Word/Phrase/Term for the following statement. It is an intellectual process of logical thinking and rational decision making. - Organisation of Commerce and Management

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Question

Give one Word/Phrase/Term for the following statement.

It is an intellectual process of logical thinking and rational decision-making.

One Word/Term Answer
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Solution

Planning

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Chapter 2: Functions of Management - Exercise [Page 33]

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RELATED QUESTIONS

Distinguish Between.

Planning and Controlling


Distinguish Between the following:

Planning & Co-ordinating.


The functions of management start with __________ function.


Match the pairs.

Group 'A' Group 'B'
A) Planning 1. It is the process of instructing, guiding, communicating, and motivating.
B) Organizing 2. It is an integration and synchronization of the efforts of the group.
C) Staffing 3. Deciding in advance what to do, how to do, when to do, and who is to do it.
D) Directing 4. Management is what the manager does.
E) Coordinating 5. To focus on the role of the manager.
  6. Decides the ways and means to achieve what has been planned
  7. It is the process of comparing the actual performance with the predetermined standard performance.
  8. It is a set of principles.
  9. It is the process of recruiting, selecting, placing, and remunerating.
 

10. To manage is to forecast and plan.

 

11. Principle of management

 

12. To focus on the role of an employee

 

13. General instructions from subordinate to superior


Give one Word/Phrase/Term for the following statement.

First function of management.


Every function of management is not based on planning.


Specialization in activities leads to an increase in organizational efficiency.


Explain the following term/concept.

Planning


Distinguish Between:

Planning and organizing


Justify the following statement.

Planning is the first function of Management


_____________ is the fundamental function of management.


Planning is a detailed programme of ____________ course of action.


Write a word or phrase or a term which can substitute the following:

Detailed program of future course of action.


Arrange in proper order.

Controlling, Planning, Organising


Explain the following term/concept.

Organising


Distinguish Between.

Planning and Directing


Answer the following.

What is planning? Explain its importance.


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