Business management objective questions and answers pdf

  • What does the MBO program generally consist of?

    The following four major components of the MBO process are believed to contribute to its effectiveness: (1) setting specific goals; (2) setting realistic and acceptable goals; (3) joint participation in goal setting, planning, and controlling; and (4) feedback..

  • Thus, increasing productivity, innovating and earning a profit are objectives of business.
    However, investment cannot be considered as a business objective.

What are the four functions of Management?

The four functions of management i.e. planning, organizing, leading, and controlling are described by Bartol and Martin as the process of accomplishing organizational goals in management.
They are the authors of a famous book "Organization Theory and Behaviour".


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