Business Management - Study Mode

[#136] 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.

[#137] 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.

[#138] The statement "management planning involves the development of forecasts, objectives, policies, programmes, procedures, schedules and budgets" is given by
Correct Answer

(C) Louis A Allen

[#139] Which of the following statement is correct?
Correct Answer

(A) Techniques of managerial control are useful in conducting shareholder's meetings

[#140] For planning and decision-making, the method that consists in consulting the past, is known as
Correct Answer

(A) experience