PROBLEMS.pdf

Question 283 match the management exponents with

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Question 28.3 Match the management exponents with their contributions. Fayol Therbligs Peter Drucker Theory of Administration
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Walter Schewhart Operations Research Frank and Lilian Gilbreths MBO Dantzig Statistical Quality Control Answer Fayol Theory of Administration Peter Drucker MBO Walter Schewhart Statistical Quality Control Frank and Lilian Gilbreths Therbligs Dantzig Operations Research Question 29.1 State the generic functions of management. Answer They are many classifications of functions of management. One classification of the generic functions of management are (1) Planning, (2) Organizing, (3) Directing, and (4) Controlling. Question 29.2 What are the different levels in management hierarchy and Briefly mention how they differ in their functions and skill requirements? Answer Management hierarchy generally consists of (1) Top-, (2) Middle-, and (3) Operating-level management. The functions and skill requirements are tabulated for different levels of management: Top Middle Operating Planning Organizing Directing Controlling Technical skill Human skill Conceptual skill High High Low Low Low High High Moderate Moderate Moderate Moderate Moderate High Moderate Low Low High High High High Low
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Question 29.3 What are the three broad groups of role of management? Answer The roles of management can be broadly grouped as the following: 1. Interpersonal role 2. Informational role 3. Decision role Question 29.4 What do 6 M’s stand for? Answer The 6 M’s stand for (1) Man, (2) Machine, (3) Material, (4) Money, (5) Management, and (6) Management information system. Question 29.5 Name the important stakeholders of a manufacturing organization. Answer The important stakeholders of a manufacturing organization are (1) Owners, (2) Lending institutions, (3) Suppliers, (4) Customers, (5) Employees, and (6) Society Question 29.6 What is a code of business ethics? State five ethical rules that should appear in a code of ethics for an organization . Answer A code of business ethics is a set of statements of policies, principles, or rules that guide ethical behavior of business firms. Five ethical rules that can appear in a code of ethics for an organization are the following: 1. Conduct business in compliance with all laws. 2. Do not give bribes. 3. Convey true claims in product advertisements. 4. Racial, ethnic, religious, and sexual harassment at work is prohibited. 5. Demonstrate courtesy, respect, honesty, and fairness. Question 30–32.1 What are different elements of planning? Answer
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The different elements of planning are the following: - Selecting the goals and objectives - Selecting alternative courses of action - Deciding on the best course of action Question 30–32.2 What are salient features of vision and mission? Answer Vision is A dream, an aspiration, a passion, a shared mental image of some ideal future state that neither specify the means to achieve it nor is written down and made public.
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