Business Management - Study Mode

[#241] Men, Money Material and Machines are included in
Correct Answer

(B) resources

Explanation

Solution: Men, Money Material and Machines are included in resources. Resource management is the process by which businesses manage their various resources effectively. Those resources can be intangible – people and time – and tangible – equipment, materials, and finances. It involves planning so that the right resources are assigned to the right tasks.

[#242] Growth and prosperity of any organization depends upon
Correct Answer

(B) planning

Explanation

Solution: Growth and prosperity of any organization depends upon planning. It is the most challenging activity for the management because it leads to the growth and prosperity of the organization. Planning facilitates decision making: Planning is done keeping in mind the future. Planning involves setting targets and predicting future conditions thus helping in taking rational decisions

[#243] Planning brings
Correct Answer

(B) coordination and co-operation

Explanation

Solution: Planning brings coordination and co-operation. Co-ordination is an orderly arrangement of efforts to provide unity of action in the fulfillment of common objective whereas co-operation denotes collective efforts of persons working in an enterprise voluntarily for the achievement of a particular purpose. It is the willingness of individuals to help each other.

[#244] Father of scientific management
Correct Answer

(B) Fw Taylor

Explanation

Solution: Fw Taylor is the father of scientific management. Taylor's principal concern was that of increasing efficiency in production, not only to lower costs and raise profits but also to make possible increased pay for workers through their higher productivity.

[#245] MBO was introduced by
Correct Answer

(A) Peter F drucker

Explanation

Solution: MBO was introduced by Peter F drucker. Management by objectives (MBO), also known as management by results (MBR), was first popularized by Peter Drucker in his 1954 book The Practice of Management.