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Sia ? 5 years, 2 months ago
- Formal communication is also known by the name of official communication.
- In formal communication, full secrecy is maintained.
- Formal communication is written.
- Formal communication is time-consuming as opposed to Informal communication, which is rapid and quick.
- Formal communication is more reliable than Informal communication.
- Formal communication is designed by the organization.
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Gaurav Seth 5 years, 2 months ago
Retained earnings are the profits that a company has earned to date, less any dividends or other distributions paid to investors. This amount is adjusted whenever there is an entry to the accounting records that impacts a revenue or expense account. A large retained earnings balance implies a financially healthy organization. The formula for ending retained earnings is: Beginning retained earnings + Profits/losses - Dividends = Ending retained earnings
Posted by Kanak Khandelwal 5 years, 3 months ago
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Yogita Ingle 5 years, 3 months ago
Co-ordination plays a vital role as it binds all the other functions of management. It is the common thread of all activities such as purchase, production, sales etc that runs through. Some of the basic features are as follows
(i) Integrates Group Efforts Co-ordination brings unity to all. It gives a common focus to group efforts.
(ii) Ensures Unity of Actions It acts as a binding force between departments and ensures that all action is aimed at achieving the goals of the organisation.
(iii) It is a Continuous Process Co-ordination is not a one time function but a continuous process. It begins at the planning stage and continues till controlling.
(iv) It is an All Pervasive Function Co-ordination is required at all levels of management due to the interdependent nature of activities of various departments. It integrates the efforts of different departments and different levels.
Posted by Raman Preet Kaur 5 years, 3 months ago
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Sia ? 5 years, 3 months ago
Consumer's Cooperative Societies: It is formed by consumers for obtaining good quality products at reasonable prices. The society aims to achieve economy in operations by purchasing goods in bulk directly from the wholesalers and selling them directly to the members, thereby eliminating the middlemen.
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Ashok Gaur 5 years, 3 months ago
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Gaurav Seth 5 years, 3 months ago
Meaning | Delegation means handing over an authority from one person of high level to the person of low level. | Decentralization is the final outcome achieved, when the delegation of authority is performed systematically and repeatedly to the lowest level. |
What it is? | Technique of management | Philosophy of management. |
Accountability | Superiors are accountable for the acts done by subordinates. | Department heads are accountable for the acts of the concerned department. |
Requirement | Yes, for all organization delegation of authority is very necessary. | No, it is an optional philosophy which may or may not be adopted by the organization. |
Liberty of Work | Subordinates do not have full liberty. | A substantial amount of freedom is there. |
Control | The ultimate control is the hands of superior. | The overall control vests with top management and delegates authority for day to day control to departmental heads. |
Relationship | Creates superior-subordinate relationship. | A step towards creation of semi-autonomous units. |
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Sia ? 5 years, 3 months ago
(i) Work study refers to a scientific study of techniques to determine a fair day's work for every worker.
(ii) Its main objective is to improve efficiency.
(iii) It includes method, motion, time and fatigue studies.
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Miss Mor 5 years, 3 months ago
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Sia ? 5 years, 3 months ago
Planning is the process of thinking about the activities required to achieve a desired goal.
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Sia ? 5 years, 3 months ago
You can check the syllabus here : https://mycbseguide.com/cbse-syllabus.html
Posted by Mahesh Kumar 5 years, 3 months ago
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Miss Mor 5 years, 3 months ago
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Sia ? 5 years, 2 months ago
Human Resource Management is a management function concerned with hiring, motivating, and maintaining workforce in an organisation.
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