Business Studies, asked by prathamstha93, 1 month ago

. Answer the short type questions. (3*5=15Marks).
1. Explain all three aspects of Management Objectives?
2. Explain the functional foremanship with diagram.
3. Explain the level of Management. 4. Explain the dimension of Business Environment.
5. Explain any six Fayol's Principles of Management.​

Answers

Answered by kingslint
1

Answer:

1.The main objectives of management are: Getting Maximum Results with Minimum Efforts - The main objective of management is to secure maximum outputs with minimum efforts & resources. ... Maximum Prosperity for Employer & Employees - Management ensures smooth and coordinated functioning of the enterprise.

2.Functional foremanship is a factory management technique that advocates for having multiple foremen in different, specialized roles. Traditionally, factories had just one foreman who would oversee operations. This foreman was the only direct contact for factory workers.

(sry u can refer digram in internet)

3.The 3 Different Levels of Management

Administrative, Managerial, or Top Level of Management.

Executive or Middle Level of Management.

Supervisory, Operative, or Lower Level of Management. ( i am not sure about this )

4.There are 5 dimensions to business environment. These are economic, social, legal, political and technological. The social environment of business include the social forces like customs and traditions, values, social trends and societys expectations from business.

5.Authority must be equal to Responsibility. According to Henri Fayol, there should be a balance between Authority (Power) and Responsibility (Duties). The right to give orders should not be considered without reference to responsibility.

have a nice day friend :)

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