Question

Mr. Rao along with his four colleagues Mr. Sahoo, Mr. Sharma, Mr. Behera, and
Mr. Mishra sat together and developed an idea to start a new venture. They
contributed capital of Rs. 2 lakhs each and assembled all the necessary
resources. Later on they divide the whole work into smaller jobs. Staff are
allotted jobs separately and asked to take instruction from a specific person.
Resources are properly utilized and the firm is able to adapt itself with
environmental changes.
i) Quoting the line above identify the function of management
highlighted here.
ii) State the two importance of the above function underlying the line of
importance.​

Answer 1

Explanation:

. Rao along with his four colleagues Mr. Sahoo, Mr. Sharma, Mr. Behera, and

Mr. Mishra sat together and developed an idea to start a new venture. They

contributed capital of Rs. 2 lakhs each and assembled all the necessary

resources. Later on they divide the whole work into smaller jobs. Staff are

allotted jobs separately and asked to take instruction from a specific person.

Resources are properly utilized and the firm is able to adapt itself with

environmental changes.

i) Quoting the line above identify the function of management

highlighted here.

ii) State the two importance of the above function underlying the line.