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Distinguish Between Method and Procedure. - Commerce

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प्रश्न

Distinguish between method and procedure.

थोडक्यात उत्तर

उत्तर

Difference between Procedures and Methods

 

Procedures Methods
(a) Procedures are sequences of steps to be followed for performing some important jobs. (a) Methods are a formalized way of doing routine and repetitive jobs.
(b) Procedures are more rigid. (b) Methods are less rigid or flexible.
(c) Procedures help in the implementation of the policy. (c) Methods help for standardization and coordination of activity.
(d) Example: Procedure for giving admission in a school or giving contracts to an outside agency. (d) Example: Methods of valuation of stock or method of production.
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2015-2016 (March) Set 1

व्हिडिओ ट्यूटोरियलVIEW ALL [2]

संबंधित प्रश्‍न

Explain any three features of 'Planning.'


Explain briefly any three personal barriers to communication.


Give the meaning of 'Rule' as a type of plan.


If planning involves working out details for the future, why  does it not ensure success? 


All other managerial functions are performed within the framework of the plans drawn. Identify the related feature of planning.


Planning is closely connected with ______ and ______.


Which tribe lives in the Bharmaur region?


Indira Gandhi canal command area is in ______.


Read the following text and answer the following question on the basis of the same:

Simplex limited had been taken over by Mundhra Group immediately following India’s independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation resources to reduce wastage. For this purpose the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.

“The management had taken utmost care regarding the possible outcome and timely review of the Plans to achieve the set target during that hard time.” Which is the last step of the Process mentioned here?


Match the FEATURES of Planning in Column I with the appropriate EXPLANATION in Column II.

  Column I Column II
(i) Mental exercise Involves looking ahead and is regarded as a forward looking function.
(ii) Futuristic An intellectual activity of thinking rather than doing.
(iii) Continuous Need for a new plan on the basis of new requirements and future conditions.

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