Business Management - Study Mode

[#266] Management is ____________.
Correct Answer

(C) art and science

Explanation

Solution: Management is both art and science. It is considered as a science because it has an organized body of knowledge which contains certain universal truth. It is called an art because managing requires certain skills which are personal possessions of managers.

[#267] Match the following. List-I List-II a. Fayol 1. Grapevine b. Simon 2. Shared understanding c. Shannon 3. Cybernetics d. Weiner 4. Gang Plank e. Millet 5. Noise
Correct Answer

(C) a-4, b-1, c-5, d-3, e-2

[#268] "Organisational structure is a set of methods dividing the task to determined duties and coordinates them" was given by
Correct Answer

(A) Monavarian and Asgari

[#269] In the view of classical theorists, an organisation is
Correct Answer

(A) closed system

[#270] Which of the following is a long-term plan regarding enterprise objectives, course of action and allocation of resources?
Correct Answer

(B) Strategy