ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Management instrument consist of ____
A
Planning
B
Communication
C
Co-ordination
D
computerize
Explanation: 

Detailed explanation-1: -Coordination tools provide group members with the ability to plan and manage their work together. The best example of a coordination tool is a workflow system. Workflow systems are designed to make the flow of work necessary for a process more predictable and more manageable.

Detailed explanation-2: -Coordination is the function of management which ensures that different departments and. groups work in sync. Therefore, there is unity of action among the employees, groups, and. departments.It also brings harmony in carrying out the different tasks and activities to achieve. the organization’s objectives efficiently.

Detailed explanation-3: -The two primary types of coordination are internal coordination or establishing a relationship between all the employees, departments, etc. and external coordination or establishing a relationship between the employees and the outsiders.

Detailed explanation-4: -Internal Co-Ordination: This is required within the organization. External Co-Ordination: External coordination refers to co-ordination between external agencies and the organisation. Vertical Co-Ordination: Horizontal Co-Ordination:

There is 1 question to complete.