Differentiate between 'Policy' and 'Rule' as types of Plans.
Policies are general statements that guide thinking or channelise energies towards a particular direction. Policies provide a basis for interpreting strategy which is usually stated in general terms
Rules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion. It reflects a managerial decision that a certain action must or must not be taken.
If we delegate the authority, we multiply it by two, if we decentralize it, we multiply it by many. In the light of this statement explain any four points of importance of decentralization.
What is meant by 'Budgetary Control' as a technique of controlling? State any three advantages of it.
'Internal sources of recruitment are better than external sources of recruitment.' Explain any five reasons in support of this statement.
Why is staffing considered an important function of management in all types of organisations? State any three reasons.
What is meant by 'Functional Structure' of an organisation? State any five advantages of this form of organizational structure.
