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Ask QuestionPosted by Bavleen Kaur 3 years, 11 months ago
- 2 answers
Gaurav Seth 3 years, 11 months ago
The significance of coordinating as a function of management mainly arises from the fact that work performed by different departments and groups form integral part of the total work for which the organization exists
Posted by Bavleen Kaur 3 years, 11 months ago
- 1 answers
Gaurav Seth 3 years, 11 months ago
Improves efficiency Directing guides employees to fully realise their potential and capabilities by motivating and providing effective leadership. A good leader can always identify the potential of his employees and motivate them to extract work up to their potential.
Posted by Meet Patel 3 years, 11 months ago
- 1 answers
Gaurav Seth 3 years, 11 months ago
Ans: High Earning, High Cash Flows, Stable Earnings and Lower Growth Opportunities
Explanation:
There are two primary causes for increases in a company’s dividend per share payout.
The first is simply an increase in the company's net profits out of which dividends are paid.
The second is a shift in the company’s growth strategy that leads the company to decide to expend less of its earnings in seeking growth and expansion, thus leaving a larger share of profits available to be returned to equity investors in the form of dividends.
Posted by Kashish Agrawal 3 years, 11 months ago
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Samie ❣️ 3 years, 10 months ago
Posted by Nitin Chhillar 3 years, 11 months ago
- 2 answers
Posted by Gurman Gurman 3 years, 11 months ago
- 1 answers
Gaurav Seth 3 years, 11 months ago
Importance of Planning
(i) Planning Provides Directions Planning provides the directions to the efforts of employees. Planning makes clear what employees have to do, how to do etc.
(ii) Planning Reduces the Risk Uncertainty Planning helps the manager to face the uncertainty because planners try to force the future by making some assumptions. The plans are made to over come uncertainties.
(iii) Planning Reduces Over Lapping and Wasteful Activities Planning evaluates the alternatives uses of the available and prospective resources of the business and makes their must appropriate use.
(iv) Planning Promotes Innovative Ideas Planning requires high thinking and it is an intellectual process. So it makes the managers innovative and creative.
(v) Planning Facilitates Decision Making Planning helps the managers to look in to the future and make a choice from amongst various alternative courses of action.
(vi) Planning Establishes Standards for Controlling It has predetermined goal with which the actual performances are compared to find out deviation and suggest remedial measures.
Posted by Nikhil Roy 3 years, 11 months ago
- 1 answers
Yogita Ingle 3 years, 11 months ago
Management is not considered as a full-fledged profession like medical and legal profession because:
1. Restrict entry: Management has restricted entry through an examination or degree as in profession.
2. Presence of professional associations: All profession has some associations affiliated to it and even management has association affiliated to it.
3. Existing of ethical code: For every profession there are some set of ethical codes fixed by the profession association. Management also has some ethical codes fixed by the concerned professional association.
Posted by Varsha Jamwal 3 years, 11 months ago
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Posted by Nitin Chhillar 3 years, 11 months ago
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Posted by Navin Sahu 3 years, 11 months ago
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Gaurav Seth 3 years, 11 months ago
“Management is the process by which a co-operative group directs actions of others toward common goals.”
Management is defined as the process of planning, organising and controlling an organisation’s operations in order to achieve the target efficiently and effectively. It is essential for all organisations.
Posted by Aryan Raman 3 years, 11 months ago
- 0 answers
Posted by Nisha Sharma 3 years, 11 months ago
- 2 answers
Arshpreet Gill 3 years, 11 months ago
Posted by Prachi Maithil 3 years, 11 months ago
- 1 answers
Yogita Ingle 3 years, 11 months ago
Payment to a retiring partner can be made in the following ways
(i) Lump Sum Payment : A lump sum payment can be made to the retiring partner in full settlement. In that case, the following Journal entry will be passed
(ii) Opening the Loan Account: Sometimes the amount due to the retiring partner is paid in instalments then the balancing figure of his/her capital account is transferred to his/her loan account, in this case, the retiring partner receives equal instalments along with the interest on the amount outstanding. In that case the following journal entries will be passed for transferring the amount paid to him/her in retiring partner’s loan account.
(iii)Some Payment in Cash and Some in Instalment: Sometimes the amount due to the retiring partner is paid partly in cash and partly in equal instalments in that case a certain amount is paid in cash to the retiring partner and the rest amount due to him/her is transferred to his/her loan account. The following necessary journal entry is to be passed.
Posted by Prachi Maithil 3 years, 5 months ago
- 1 answers
Sia ? 3 years, 5 months ago
in case of retirement,the partners can retire only at the end of an accounting year whereas death of a partner may occur at anytime during the year.
Posted by Hardik Takuli 3 years, 11 months ago
- 1 answers
Gaurav Seth 3 years, 11 months ago
Financial Markets are the institutional arrangements by which savings generated in the economy are channelised into avenues of investment by industry, business and the government. It is a market for the creation and exchange of financial assets.
Posted by Honey Singh 3 years, 11 months ago
- 1 answers
Yogita Ingle 3 years, 11 months ago
A principle is a fundamental statement of truth that provides guidance to thought and action.
Principles of Management
Principles of management are broad and general guidelines for managerial decision making and behavior (i.e. they guide the practice of management).
Posted by Kashish Agrawal 3 years, 11 months ago
- 2 answers
Samie ❣️ 3 years, 10 months ago
Posted by Kashish Agrawal 3 years, 11 months ago
- 1 answers
Gaurav Seth 3 years, 11 months ago
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Posted by Riya Choudhary 3 years, 11 months ago
- 0 answers
Posted by Riddhi Vankani 3 years, 11 months ago
- 2 answers
Gaurav Seth 3 years, 11 months ago
Unity of command:
It means getting orders from a supervisor or on behalf of a supervisor. Accordingly, there should be only one supervisor for a subordinate. The link between the supervisor and the subordinate should be direct. If two or more supervisors are there for a subordinate there might be conflict of interest, uneasiness, confusion as well as dilemma. Such things are a direct influence to the overall efficiency, productivity and ultimate goal of an organisation.
Posted by Kashish Agrawal 3 years, 11 months ago
- 0 answers
Posted by Ashmit Gupta 3 years, 11 months ago
- 1 answers
Gaurav Seth 3 years, 11 months ago
As a marketing manager of a hotel in a popular tourist city, I will have a certain societal concern
- Activities of the hotel should not harm the tourist place, should not affect local and should not cause any pollution.
- To maintain ethics and fair pricing of hotel rooms
Steps:- We will ensure that activities of the hotel do not harm the environment and locality, we will have a proper process for waste management, sustainable use of natural resources like water electricity etc. and will make guest also aware of it.
We will also ensure that our room prices are priced appropriately and we should not take advantage of guest in peak season by pricing room inappropriately.
Posted by I We 3 years, 11 months ago
- 2 answers
Shruti Gupta 3 years, 11 months ago
Posted by Avantika Dabral 3 years, 11 months ago
- 1 answers
Posted by Mohd.Altaph Sai 3 years, 11 months ago
- 1 answers
Avantika Dabral 3 years, 11 months ago
Posted by Yogeshwari Thakur 3 years, 11 months ago
- 1 answers
Gaurav Seth 3 years, 11 months ago
Ms. Ananya : TOP LEVEL OF MANAGEMENT
Functions performed at TOP LEVEL OF MANAGEMENT are :
- Making strategies and goals of the organisation.
- Taking decisions regarding activities to be performed.
- Framing policies for the organisation.
- Responsible for Welfare and survival of the organisation.
Ms Ritu : MIDDLE LEVEL OF MANAGEMENT
Functions performed at MIDDLE LEVEL OF MANAGEMENT are :
- Interpret the policies to lower management.
- Taking decisions regarding a number of personnel in the department.
- Assigning duties and responsibilities to employees in their department.
- Convey suggestions and grievances of the supervisory level to the top level for the overall smooth functioning of the organisation.
- Liable for the ultimate production of respective departments.
- To act as a link between lower and management.
Posted by Anushka Shetty 3 years, 11 months ago
- 1 answers
Yogita Ingle 3 years, 11 months ago
Importance of delegation
1. Effective management: By delegation, managers pass their routine work to their subordinates. So they get more time to concentrate on more important matters. This will help them to excel in new areas and be more efficient and effective.
2. Employee development: In the process of management, the work is passed on to the employees. This gives them opportunity to use their talents and increases their experience. It makes them better leaders and decision makers. Thus delegation helps in preparing better future managers.
3. Motivation of employees: When a superior passes on the responsibility to his subordinate, it is not merely sharing work but also sharing trust. This develops a feeling of belongingness and commitment for the subordinate. It improves his confidence and he feels encouraged to improve his performance.
4. Facilitation of growth: While passing on a responsibility and authority managers have to take care of the qualification and capability of the employee. This division of work and specialization provides a ready work force to take the leading position in a new venture and thus help in the expansion of the enterprise.
5. Basis of management hierarchy: Delegation establishes authority responsibility relationships between employees. The degree and flow of authority determines who is to report to whom. It also decides the power enjoyed by each job position in the organization.
6. Better coordination: Authority, responsibility and accountability help to define the powers, duties and answerability related to various job positions in an organization. This helps to avoid overlapping and duplication of efforts and thus helps in maintaining coordination amongst departments and functions of management.Importance of delegation
Posted by Ankit Singh 3 years, 11 months ago
- 1 answers
Saloni Jain 3 years, 11 months ago
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Chahat Sharma 3 years, 11 months ago
1Thank You