Question
Which function of management involves defining goals for
the company’s future direction and determining the missions and resources required to achieve those targets?Solution
Planning is the fundamental function of management that focuses on the future course of action. It involves: • Defining objectives and goals, • Identifying the resources needed, • Deciding how, when, and by whom tasks will be performed. Planning is often referred to as the bridge between the present and the future, ensuring that an organization moves systematically towards its objectives. It is a preparatory step that lays the foundation for all other functions of management (organising, staffing, directing, and controlling). By anticipating changes and challenges, planning enables managers to reduce uncertainty and achieve desired results.
Which term refers to the written statement that outlines the qualifications, experience, training, and skills required for performing a specific job in ...
Which of the following financial services are offered by GIFT City?
1) Banking
2) Insurance
3) Asset Manag...
A portfolio’s total risk is a combination of the risk of the individual investments in the portfolio. The total risk of a portfolio consists of which ...
What do Asset Reconstruction Companies do with financial assets?
Which of the following principle of HRD, the top management defining the distribution of authorities and responsibilities to the subordinates so that a ...
The Risk based supervision (RBS) for banks was introduced in 2012 by RBI. Which of the following is correct regarding RBS?
Which organisation has the authority to whitelist the Digital Lending Apps?
Which of the following type of Preference share will not be treated as Tier II capital?
Consider the following Statements and choose the option with Correct Statements.
I- The ‘City Finance Rankings, 2022’ aim to evaluate, rec...
Identify the incorrect statement from the below:
1.Future contracts are tailor made contract.
2.Future contracts are subject to M2M settle...