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 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.
- X allocates his monthly income as follows: 10% for rent, 20% for groceries, and 25% for bills, while saving the remaining amount. If his savings amount to ...
- The average income of Tania, Sweta and Priya is Rs. 360. Sweta earns Rs. 30 more than Priya and Tania earns four times what Priya earns. Find Sweta’s inc...
The monthly income of 'C' is Rs. 30,000 whereas the monthly income of 'D' is 50% more than that of 'C'. Find the difference between the savings of 'C' a...
The salaries of 'Ankush' and 'Qureshi' are initially in the ratio of 4:7. After an increment of ₹3,300 to Ankush's salary, the ratio of their salaries...
If 60% of salary of ‘C’ is equal to 45% of salary of ‘D’, then find the salary of ‘C’ is how much percentage of salary of ‘D’.
...The monthly incomes of Ramesh, Suresh, and Dinesh are in the ratio 6:4:5. Their savings are in the ratio 3:2:2. If Suresh saves Rs. 12,000 which is 40% ...
A Motorbike can be purchased on cash payment of Rs. 30000. But the same Motorbike can also be purchased on the cash down payment of Rs 7000 and the rest...
The ratio of "Bhuvan's" income to "Chetan's" expenses is 3:1. The amount that "Anoop" spends is the same as "Chetan's," which is 20% less than "Bhuvan's...
- Person ‘X’ earns 50% more than ‘Y’. While ‘X’ saves 30% of his income, ‘Y’ saves only 10% of hers. If the difference in their expenditures ...
If the income of Raj is doubled and his expenditure remains the same, then he saves Rs. 50,000 more than his original savings. What will be the saving...
Relevant for Exams:
