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Give one Word/Phrase/Term for the following statement. First function of management. - Organisation of Commerce and Management

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Question

Give one Word/Phrase/Term for the following statement.

First function of management.

One Word/Term Answer

Solution

Planning

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Functions of Management - Planning
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Chapter 2: Functions of Management - Exercise [Page 33]

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RELATED QUESTIONS

Distinguish Between.

Planning and Controlling


Distinguish Between the following:

Planning & Co-ordinating.


The functions of management start with __________ function.


__________ sets out standards for controlling.


Organization function is important for execution of the plans which have been prepared by __________ management.


Give one Word/Phrase/Term for the following statement.

It is an intellectual process of logical thinking and rational decision-making.


Every function of management is not based on planning.


Answer in one sentence.

What is planning?


Explain the following term/concept.

Planning


Distinguish Between.

Planning and organizing.


Justify the following statement.

Planning is the first function of Management


Planning is a detailed programme of ____________ course of action.


Write a word or phrase or a term which can substitute the following:

Detailed program of future course of action.


Find the odd one.


Arrange in proper order.

Controlling, Planning, Organising


Study the following case/situation and express your opinion

Navnath and Jagannath are partners of a firm dealing with civil construction activity. They have set objective of completing 3 projects within next four years. Navnath is responsible for arranging funds, construction machinery and required raw material while Jagannath hired architects, draftsman, surveyors, contractors and labors. 

  1. Name the management function Navnath was involved in.
  2. Who did staffing for the firm? 
  3. Which management function Navnath and Jagannath did jointly?

Answer the following.

What is planning? Explain its importance.


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