Business Management - Study Mode
[#576] Which school of thought had been developed on the idea that there is no single best method to find solutions to managerial problems?
Correct Answer
(C) Contingency approach
[#577] The steps in planning process are jumbled up. Arrange them in correct sequence. 1. Specifying alternatives 2. Analysing alternatives 3. Goal setting 4. Elaborating plans and specifying details 5. Establishing standards for measurement 6. Maintaining communication 7. Maintaining a time perspective 8. Planning for unpredictable contingencies 9. Organising 10. Implementing 11. Ensuring participation 12. Follow-up, providing for flexibility
Correct Answer
(A) 3, 5, 7, 1, 2, 4, 11, 6, 9, 10, 12, 8
[#578] The authority flows from top to bottom through the structure of an organization is _________.
Correct Answer
(B) The formal authority theory
Explanation
Solution: The authority flows from top to bottom through the structure of an organization is the formal authority theory. Formal supervisory authority' is the right to command people, to tell them what they are to do and what they are not to do, and to guide their actions.
[#579] Goals, aims, purposes, missions and target is also known as
Correct Answer
(D) objectives
Explanation
Solution: Goals, aims, purposes, missions and target is also known as objectives.
[#580] Contingent plan to meet environmental pressure is
Correct Answer
(B) strategies
Explanation
Solution: Contingent plan to meet environmental pressure is strategies. A contingency plan is a plan devised for an outcome other than in the usual (expected) plan.