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
- RSP Ltd has a net profit margin of 12% and a total asset turnover of 1.2 times and a financial leverage multiplier of 1.2 times. RSP Ltd’s return on equi...
- To label a bond specifically as a "Social Bond" under SEBI's framework, which of the following is a mandatory operational requirement for issuers?
- According to the Union Budget 2023-24, consider the following statements. 1. During the Covid-19 pandemic with the PMGKY scheme, the government supplied f...
- The National Statistics Office (NSO) updated the base year for Gross State Value Added (GSVA) compilation to which year?
- When a commercial bank creates credit, its immediate effect is that it raises
- Calculate Debtors Ratio (365 days of the year.)
- According to the Union Budget 2023-24, consider the following statements. 1. As per the First Advance Estimates (FAE) of National Income, 2022-23, India’s...
- The CASA deposits of a bank are also referred to as:
- The rate of interest equalization for Manufacturers and Merchant Exporters under the interest Equalization Scheme for Pre and Post Shipment Rupee Export Cr...
- With reference to eShram portal, consider the following statement: 1. The Ministry of Electronics and Information Technology has developed the portal f...
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