Module 3

Question 1

This has been described as a social process involving responsibility for economical
and effective planning & regulation of operation of an enterprise in the fulfillment of given purposes.

Answer 1

Management

Question 2

It is a dynamic process consisting of various elements and activities.

Answer 2

Management

Question 3

These activities are different from operative functions like marketing, finance, purchase etc. Rather these activities are common to each and every manger irrespective of his level or status.

Answer 3

Management

Question 4

According to ____________, “There are four fundamental functions of management

Answer 4

George & Jerry

Question 5

What are the four fundamental functions of management?

Answer 5

1. Planning
2. Organizing
3. Actuating
4. Controlling

Question 6

According to him, “To manage is to forecast and plan, to organize, to command, &
to control”.

Answer 6

Henry Fayol

Question 7

He has given a Keyword POSDCORB

Answer 7

Luther Gullick

Question 8

What does POSDCORB stands for?

Answer 8

P- Planning
O- Organizing
S- Staffing
D- Directing
Co- Coordination
R- Reporting
B- Budgeting

Question 9

Relative to POSDCORB, the most widely accepted are functions of management given by ______________________

Answer 9

KOONTZ and O’DONNEL

Question 10

What is the function of management given by by Koontz and O’Donnel

Answer 10

Planning
Organizing
Staffing
Directing ( Leading)
Controlling