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 toĀ George & Jerry, āThere are four fundamental functions of management i.e. planning, organizing, actuating and controllingā. According to Henry Fayol, āTo manage is to forecast and plan, to organize, to command, & to controlā. Whereas Luther Gullick has given a keyword āPOSDCORBā 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 OāDONNEL i.e. Planning, Organizing, Staffing, Directing and Controlling. Source:Ā 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.
The standard deviation of Y is double of standard deviation of X. The correlation coefficient between X and Y is 0.5. The acme angle between lines of r...
Which of the following is the most relevant for deriving a point estimate?
In one way ANOVA, Ļ2 is estimated by:
A dice was thrown 400 times and 'six' resulted 80 times. The data is used to justify the hypothesis of an unbiased dice at 95% confidence. With referen...
Two random variables X and Y are said to be independent if:
Which of the following statements is INCORRECT?
Identify, from the following, the moment used as a measure of skewness?
Which one is parameter from population?
If the first, second, and third moment about the origin are 2, 8, and 18 respectively, then third moment about mean is
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