Question : A manager should try to set standards and precise quantitative terms. Efforts should be made to define standards in a manner that makes the measurement easy. Which process of controlling is involved here?
Option 1: Setting performance standard
Option 2: Measurement of actual performance
Option 3: Comparison of actual performance with standard
Option 4: Analysing deviations
Correct Answer: Setting performance standard
Solution : Standard performance standards is being highlighted here. It involves both quantitative and qualitative standards. Hence Option A is correct.
Question : Which nature of management is highlighted in the following case? There is no restriction on any person being appointed as manager.
Question : Law of Demand is a: (a) Qualitative Statement (b) Quantitative Statement
Question : Which of the following is incorrect about the characteristics of management?
Question : What is a limitation of official records in studying rural history?
Question : Case Study 5:
JKL Ltd. is a leading finance company that wants to revamp its staffing approach to enhance employee engagement and performance. Evaluate the following scenarios and choose the correct option:
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