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Source: IGNOU B.Lib modules



#1. How many managerial functions are identifed by Newman and Summer?

Newman and Summer have identified four functions
namely, organising, planning, leading and controlling

#2. How many basic functions of management are recommnded by Henri Fayol?

Henri Fayol has recommended five basic functions namely, planning, organising, commanding, coordinating and controlling.

#3. Who coined the term POSDCORB?

POSDCORB  stands for







#4. The process of determining in advance what should be accomplished and how to do it is known as..

Four important characteristics of planning are

(i) The purpose of every plan and allderivative plans is to facilitate the accomplishment of enterprise purposes and

(ii) Planning is the “first” function and logically precedes the execution of all other managerial functions;

(iii) Managers at all levels are involved in planning

(iv) The efficiency of a plan is measured by the amount it contributes to the purpose
and objectives as offset by the costs of other unsought consequences required to
formulate and operate. 

#5. What is SWOT ?

#6. What is PERT?

#7. What is a statement of planned allocation of resources expressed in financial or numerical termscalled?

#8. Who propounded of operational management theory?

#9. Who propounded systems theory?

#10. How many principles of management are listed by Fayol?

Fayol’s Principles:

  1. Dvision of work
  2. Auhority
  3. Discipline
  4. Unity of Coomand
  5. Unity of Direction
  6. Subordination of individual interest to general interest
  7. Remuneration of personnel
  8. Centralization
  9. Scalar chain
  10. Order
  11. Equity
  12. Stability of tenure of personnel
  13. Initiative
  14. Esprit De Corps

#11. What is the chain formed by managers from the highest to the lowest ?

The chain formed by managers from the highest to the lowest is called a scalar chain or chain of command.

#12. Esprit De Corps means..


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