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AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724
Name : Marks : 80
Course : Masters in Business Administration (MBA 4 Sem)
Subject : Essential of Management
Answer the following question.
Q1. What is MBO? & explain its characteristics. (10 marks)
Answer: Management by Objectives (MBO) was first popularized by Peter Drucker in 1954 book ‘The Practice of Management’. Drucker drafted MBOs as an approach to get the management and employees to jointly set
Q2. What are the scopes or areas of control? (10 marks)
Answer: Scope of control is a primary goal-oriented task of management in an organization. It is a process of comparing actual performance with the set standards of the company to ensure that the activities are carried out according to the plans and if not, corrective action is taken.
The scope of control is largely associated with power and has the power to influence people, decisions or processes. In a business setting, control is commonly used as a way of ensuring that the organization’s processes are achieving
Q3. Difference between
(i) authority & responsibility
Answer:In an organization, dividing work among people and coordinating their activities towards a common objective needs to be done efficiently. Authority and responsibility are two of the most important components of a smooth-
(ii) authority & power. (10 marks)
Answer: When the question is about influencing or manipulating others, two things go that side by side in the field of management are Power and Authority. These two are used to make people respond in the manner
Q4. State principles of committee organization. (10 marks)
Answer: Committee is not a separate organization as such. It is just an extended idea of line and staff system. Under this system, instead of a single officer acting in advisory capacity, there is a committee of experts for advice and guidance in business planning and execution. These committees play a wider role in the management of plant organization and are found at all levels of management hierarchy. But in medium sized
Q5. Enumerate and explain the important principles of an Organization. (10 marks)
Answer: The organizing process can be done efficiently if the managers have certain guidelines so that they can take decisions and can act. To organize in an effective manner, the following principles of organization can be used by a manager.
1. Principle of Specialization
According to the principle, the
Q6. Write Short notes on Levels of management (10 marks)
Answer: 1. Administrative, Managerial, or Top Level of Management
This level of management consists of an organization’s board of directors and the chief executive or managing director. It is the ultimate source of power and authority, since it oversees the goals, policies, and procedures of a company. Their main priority is on the strategic planning and execution of the overall business success.
Q7. Factors affecting span of control. (10 marks)
Answer: The span of management means the period during which higher managers supervisors and controls his subordinates. It also includes the limits within which he exercises his right of control.
1. Qualification and Qualities
If the superiors and subordinates are well-qualified, trained, experienced, and if they are experts in their jobs then the span of control will be wide and vice-versa.
2. Level of Management
If the superiors are working at the top-
Q8. State ten principles of an organization (10 marks)
Answer: 1. Principle of Objective:
The enterprise should set up certain aims for the achievement of which various departments should work. A common goal so devised for the business as a whole and the organization is set up to achieve that goal. In the absence of a common aim, various departments will set up their own goals and there is a possibility of conflicting objectives for different departments. So there must be an objective for the organization.
Dear students,
Get assignments and Case studies. Do send your query at :
or call us at :08263069601