Question
Assignment of any responsibility or authority by a supervisor to a subordinate for carrying out specific activities is called Delegation. Delegation is a part of which of the following management functions?
Read the following passage and answer the next 3 question (Q24-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.
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.
More Financial Management Questions
- The 29th Conference of Parties (COP-29) in Azerbaijan will emphasize what theme?
- What was India's external debt at end March 2024?
- Which of the following is not a Pillar concept of Basel accords?
- What is the coverage range of SBI General Insurance’s new 'SBIG Health Super Top-Up' policy?
- In an irrevocable LC, which party has the primary payment obligation to the exporter?
- Match the following corporate actions with their correct legal classification (Diversion vs. Siphoning): 1. Action I: A textile manufacturing company uses...
- Which type of control ensures that monitoring and corrective action occur simultaneously while the activity is being performed?
- The minimum Common Equity Tier 1 (CET1) capital for banks in India as specified by RBI is:
- As per the Gazette Notification on the new criteria for classifying the enterprises as Micro, Small and Medium enterprises, what is the maximum investment ...
- Which of the following combinations correctly represents the core sectors eligible for classification under the Priority Sector Lending (PSL) framework?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)