Business Management - Study Mode
[#136] Responsibility always flows from
Correct Answer
(B) subordinate to superior
[#137] Ina formal organisation, 'power' is associated with
Correct Answer
(B) position
[#138] A/An . . . . . . . . organisation is a network of personal and social relations not established or required by the formal organisation and arising spontaneously as people associate with one another.
Correct Answer
(A) informal
[#139] The Father of modern management theory is
Correct Answer
(A) Henry Fayol
Explanation
Solution: Henry Fayol is widely regarded as the Father of Modern Management Theory. He introduced a comprehensive framework for management practices, emphasizing the core functions of management such as planning, organizing, commanding, coordinating, and controlling. Taylor , also known as the Father of Scientific Management, focused primarily on improving efficiency through scientific methods. Elton Mayo is known for his contributions to the human relations movement and the Hawthorne studies, which emphasized the social and psychological aspects of work. Therefore, the title of the Father of Modern Management Theory is appropriately attributed to Henry Fayol.
[#140] Wages, salaries, bonus, vacation pay, insurance are examples of _________.
Correct Answer
(A) financial motivation
Explanation
Solution: Examples of financial motivation include wages, salaries, bonus, vacation pay, and insurance. Financial motivation involves the use of monetary rewards and incentives to encourage employees to perform well and achieve specific goals. These forms of compensation are directly tied to an individual's financial well-being and are designed to provide tangible benefits that contribute to their overall income and financial stability. Option B: non-financial motivation This option is incorrect. Non-financial motivation refers to rewards and incentives that are not monetary in nature, such as recognition, opportunities for personal growth, and a positive work environment. Option C: extrinsic motivation This option is incorrect. Extrinsic motivation involves external factors, including both financial and non-financial rewards, that drive individuals to engage in certain behaviors or activities. Option D: intrinsic motivation This option is incorrect. Intrinsic motivation refers to the internal drive and personal satisfaction that individuals derive from performing a task or activity. It is not directly related to financial compensation. The correct answer is Option A: financial motivation , as the examples provided are all related to monetary rewards and incentives.