Business Management - Study Mode
[#286] The three main objectives of scientific management are 1. Standardisation of working conditions. 2. Standardisation of work methods. 3. Planning of large daily tasks. 4. Maximisation of output. Select the correct answer:
Correct Answer
(C) 2, 3 and 4
[#287] "Decentralisation is simply a matter of dividing up the managerial work and assigning specific duties to the various executive skills" was gtven by
Correct Answer
(C) Newman and Wairan
[#288] Consider the following statements relating to planning and find out which of the following are correct? Statement I The operating personnel should not be associated with the preparation of the budget. Statement II A programme indicates the principal operations to be carried out to accomplish a work. Statement III Under MBO technique, the managers should be provided with a freehand to laydown the objectives.
Correct Answer
(A) Only Statement I is correct
[#289] Programmed decision is also known as
Correct Answer
(D) operative decisions
Explanation
Solution: Programmed decision is also 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. These will be as mundane as refilling the water cooler, to as stressful as fulfilling a customers order within minutes.
[#290] The leader who excels as a leader because of his superior knowledge is _________.
Correct Answer
(B) intellectual leader
Explanation
Solution: The leader who excels as a leader because of his superior knowledge is intellectual leader. Intellectual Leaders are serious, focused, and goal-oriented. They think long-term about their life and enjoy developing big, complex systems. They are theoretical, logical, intelligent, and functionalistic.