Question

the managing director, mr. stanley anthony, called a meeting of all the departmental heads at the beginning of the year. in the meeting, a discussion of the budget of the following year took place. all of them promised that exactly after one week they would present their respective budgets. after one week once again the meeting was held and all of them presented their respective budget. after a little cutting and clipping, mr. anthony gave his approval for all the budgets. all became very happy. all of them had set for themselves very big objectives. looking at the objectives one could say that if they were realized, the company would be most benefited. but it so happened that thinking of so much possible profit, all managers became so satisfied that they forgot to put in some special efforts for their realization. at the end of the year, the company obtained huge losses. identify the concept of management described above

Answer 1

Answer:

finacance deparment

Explanation:

follow mw

Answer 2

Answer:

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.ll departmental managers have been instructed to comply with cer- ... the Managing Director of the company. He prepared ... after one week they would present their respective budgets.