Business Management - Study Mode
[#131] 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
[#132] 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.
[#133] 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.
[#134] 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.
[#135] 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.