Business Management - Study Mode
[#246] According to Follet, conflict may be removed through three ways
Correct Answer
(A) domination, compromise and integration
Explanation
Solution: According to Follet, conflict may be removed through three ways are domination, compromise and integration. Dominance means victory of one side over the other. This works in the short term, but is unproductive in the long run (to make her point Follett presciently alludes to the results of "The War" (WWI). Compromise means each party having to give up something for the sake of a meaningful reduction of friction. Far form ideal, compromise often leaves parties unsatisfied – having given up something of value. Finally, integration, the option championed by Follett, means creatively incorporating the parties' fundamental desires/interests into the solution.
[#247] The decisions which are frequent and repetitive in nature are called as
Correct Answer
(B) programmed decisions
Explanation
Solution: The decisions which are frequent and repetitive in nature are called as programmed decisions. These decisions are taken in the regular course of any business operations and occur at a day-to-day frequency. These decisions are repetitive and structured in nature.
[#248] A decision which relates to day to day operation of an organization is known as
Correct Answer
(A) operative decisions
Explanation
Solution: A decision which relates to day to day operation of an organization is known as operative decisions. Operational decisions or Operating decisions are decisions made to manage day to day business. Any firm which is into any kind of business is faced with 100 decisions they have to take in a day.
[#249] Which of the following statements are true/false? 1. Ludwig von Bertalaffy is called the father of system approach. 2. System approach comprises of sub-system, synergy, a feedback mechanism and defined boundaries. 3. The management science school emerged as a quantitative approach to solve managerial problems. 4. Operation management, management information system are theories under system approach.
Correct Answer
(D) 3 and 4 are true, 1 and 2 are false
[#250] Management by exceptionmeans
Correct Answer
(A) only important problems are looked after by the top management