Business Management - Business Management Section 1

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26. Organisation Theory deals with

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27. Consider the following steps:

1. Analysis of variances

2. Initiating corrective action

3. Measurement of Actual performance

4. Establishment of standards

What is the sequence of steps?

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28. The following steps are involved in managing by objectives

1. Preliminary setting of objectives at the top

2. Setting subordinates objectives

3. Tying resources with the goals

4. Clarifying the organizational roles The correct sequence of these steps is

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29. The main advantage of functional organisation is

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30. In a Functional organization

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