Significance of decision-making in management


Question 1) Answer the following questions:

a) Write down the functions of management.

b) What do you mean by a policy?

c) What is the significance of decision-making in management?

d) Write down the principles of organising?

e) What are the merits and demerits of departmentation by function?

f) Distinguish between authority and responsibility.

g) What is the significance of perforrnance appraisal?

h) What are the essentials of effective communication?

i) What is budgeting?

j) What is the responsibility of business towards employees.

k) Describe the nature and scope of management.

Question 2) "Decision-Making is the primary task of management". Explain the statement and explain the process of decision making.

Question 3) What do you mean by departmentalisation?

Question 4) Describe different types of departmentalisation.

Question 5) State  decentralisation.

Question 6) What are the determinants of effective decentralisation?

Question 7) Explain the non-budgetary methods of control.

Question 8) State performance appraisal. Describe its process.

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