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Give one Word/Phrase/Term for the following statement. It is an intellectual process of logical thinking and rational decision making. - Organisation of Commerce and Management

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Question

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

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

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 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.


Match the pairs.

Group 'A' Group 'B'
A) Planning 1. It is the process of instructing, guiding, communicating, and motivating.
B) Organizing 2. It is an integration and synchronization of the efforts of the group.
C) Staffing 3. Deciding in advance what to do, how to do, when to do, and who is to do it.
D) Directing 4. Management is what the manager does.
E) Coordinating 5. To focus on the role of the manager.
  6. Decides the ways and means to achieve what has been planned
  7. It is the process of comparing the actual performance with the predetermined standard performance.
  8. It is a set of principles.
  9. It is the process of recruiting, selecting, placing, and remunerating.
 

10. To manage is to forecast and plan.

 

11. Principle of management

 

12. To focus on the role of an employee

 

13. General instructions from subordinate to superior


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

First function of management.


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

The term that is used to denote the structure.


Every function of management is not based on planning.


Specialization in activities leads to an increase in organizational efficiency.


Distinguish Between.

Planning and organizing.


_____________ is the fundamental 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.


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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