Question
Training and development of the employees is a
management function which comes under _________. Refer to the following information to answer the next 4 questions (Q23 to Q26) Management has been described as a social process involving responsibility for economical and effective planning and regulation of operation of an enterprise in the fulfillment of given purposes. It is a dynamic process consisting of various elements and activities. These activities are different from operative functions like marketing, finance, purchase etc. Rather these activities are common to each and every manger irrespective of his level or status. Different experts have classified functions of management. According to George & Jerry, “There are four fundamental functions of management i.e. planning, organizing, actuating and controlling”. According to Henry Fayol, “To manage is to forecast and plan, to organize, to command, & to control”. Whereas Luther Gullick has given a keyword ’POSDCORB’ where P stands for Planning, O for Organizing, S for Staffing, D for Directing, Co for Co-ordination, R for reporting & B for Budgeting. But the most widely accepted are functions of management given by KOONTZ and O’DONNEL i.e. Planning, Organizing, Staffing, Directing and Controlling. Source: www.managementstudyguide.comSolution
Staffing - Human resources can be efficiently managed by a system or proper procedure, that is, recruitment, selection, placement, training and development, providing remuneration, etc.
Capital structure of a firm influences the:
A life insurance company estimates future policyholder liabilities at ₹900 crore and holds total assets of ₹1,200 crore. It also reports a solvency ...
What is the maximum term loan sanction permitted for Aadhaar OTP-based e-KYC accounts?
Which of the following is NOT a best practice under Green Computing?
In an organization, the actual sales were ₹10 lakh while the budgeted sales were ₹12 lakh. The cost was ₹6 lakh vs budgeted cost of ₹7 lakh. Wha...
Shortage in material can be due to normal reasons or due to abnormal reasons.
Which of the following will be regarded as shortage due to abnormal reason?
A belated return can be filed by a taxpayer under Income tax Act, between _______
Time of supply means
A manufacturing firm includes administrative overheads and interest costs in inventory valuation during a slowdown. Which accounting principle is violated?
Which of the following is NOT an advantage of Bonus issue by a company?