Question:
(a) What do you understand by the term ‘An Organization'?
(b) Differentiate between ‘A Formal Organization' and ‘An Informal Organization'
(c) List three factors that are essential in an organization and explain each of the three factors.
(d) Define the term ‘Management'.
(e) Differentiate between ‘Management Effectiveness' and ‘Management Efficiency'.
(f) Explain ‘An Open System' and ‘A Closed System'.