Business Management - Study Mode
[#341] The term policy is derived from
Correct Answer
(A) latin
Explanation
Solution: The term policy is derived from latin. Meaning "plan of action, way of management" first recorded c. 1400. policy.
[#342] A policy which is inferred from the behaviour of the superior is
Correct Answer
(D) implicit policy
Explanation
Solution: Implicit policies are similar to norms that govern individuals within an institution, but they are not formally recorded. Even though implicit policies are not recorded, they still have an authority within the institution that stems from the fact that individuals within the institution follow them.
[#343] The process of activity relating to the effective utilization of available resources for production is
Correct Answer
(B) management
Explanation
Solution: The process of activity relating to the effective utilization of available resources for production is management. Management is a set of principles relating to the functions of planning, organizing, directing and controlling, and the application of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals.
[#344] Achievement of objectives of an organization is concerned with
Correct Answer
(C) management
Explanation
Solution: Achievement of objectives of an organization is concerned with management. Management is a set of principles relating to the functions of planning, organizing, directing and controlling, and the application of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals.
[#345] In which of the following way the bureaucratic theory is criticised?
Correct Answer
(D) All of the above