answersLogoWhite

0


Best Answer

reliability and validity

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What two function Managers should apply two principles to obtain accurate and useful cost functions?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Management

What is the controlling function?

The controlling function involves the evaluation activities that managers must perform


Why is planning all-pervasive function of management?

Why is planning regarded as a pervasive function of managers? Explain


What are the basic project management functions?

Project Management Functions in Facility Owners' Environment: Organizational Diagnostics Project management is a method to ensure project be delivered on time. So the function of project manager is to execute (sometimes enforce) that methods. Like all managers it involves not only competency but soft skill.


Explain project management and describe project manager's function?

Project management is a method to ensure project be delivered on time. So the function of project manager is to execute (sometimes enforce) that methods. Like all managers it involves not only competency but soft skill. The Project Manager's functions include: Defining scope Evaluating Requirements Secure resources required for the project Manage conflicts etc...


What is Business Management Functions?

FROM ::MOHAN JHA Managers perform certain activities or duties as they effectively and efficiently coordinate the work of others. In the early part of the twentieth century, a French industrialist named Henri Fayol first proposed that all managers perform five functions: planning, organizing, commanding, coordinating, and controlling. In the mid-1950s, a management text book first used the functions of planning, organizing, staffing, directing and controlling as a framework. Today, most management text books still continue to be organized around the management functions, although they have been condensed to four basic and very important ones: planning, organizing, leading, and controlling. Let us briefly define what each of these management functions encompasses. If you have no particular destination in mind, then you can take any road. However, if you have some place in particular you want to go, you have got to plan the best way to get there. Because organizations exist to achieve some particular purpose, someone must clearly define that purpose and the means for its achievement. Management is that someone. Managers perform the planning function, define goals, establish strategies for achieving those goals, and develop plans to integrate and coordinate activities. Managers are also responsible for arranging work to accomplish the organization's goals. We call this function organizing. When managers organize, they determine what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom, and where decisions are to be made. Every organization includes people, and a manager's job is to work with and through people to accomplish organizational goals. This is the leading function. When managers motivate subordinates, influence individuals or teams as they work, select the most effective communication channel or deal in any way with employee behavior issues, they are leading. The final management function is controlling. After the goals are set (planning), the plans formulated (planning), the structural arrangements determined (organizing), and the people hired, and motivated (leading) there has to be some evaluation of whether things are going as planned. To ensure that work is going as it should, managers must monitor and evaluate performance. Actual performance must be compared with the previously set goals. If there are any significant deviations, it is management's job to get work performance back on track. This process of monitoring, comparing, and correcting is what we mean by the controlling function.

Related questions

The Basic Catering Management Function?

There are five management functions. Good managers discover how to master five basic functions: planning, organizing, staffing, leading, and controlling.


Explain universal functions of marketing?

The knowledge about appealing to customers needs is a universal function of marketing. Regardless of where a business is, managers know that they can sell to people's needs.


What are the job functions of a commercial manager?

Negotiation DutiesCommercial managers negotiate contracts and projects. Negotiations can result in favorable results and exhibit risk management in negotiation ventures. The managers negotiate according to principles of commercial risk management. Management DutiesCommercial managers handle management of the business operations. They organize the business function of the organization that affects cost, policy, procedure and strategic planning. They develop all proposals for analyses and marketing models. Planning DutiesCommercial managers implement the company's business plan. They make plans to meet with vendors, gain materials or resources. They make plans to keep commercial operations and relationships accurate. They review profit and loss information to determine long-term plans.


What is the functions of tubing in a stethoscope?

The function of the tubing in a stethoscope is to magnify the sound waves by making them narrow enough to be heard at an accurate timing through the ear canal.


How can Excel summarize data in a range of data?

It can use functions like the SUM function or the SUBTOTAL function. Depending on what exactly the user wants to do, there are lots of functions that could be used to summarise the data.It can use functions like the SUM function or the SUBTOTAL function. Depending on what exactly the user wants to do, there are lots of functions that could be used to summarise the data.It can use functions like the SUM function or the SUBTOTAL function. Depending on what exactly the user wants to do, there are lots of functions that could be used to summarise the data.It can use functions like the SUM function or the SUBTOTAL function. Depending on what exactly the user wants to do, there are lots of functions that could be used to summarise the data.It can use functions like the SUM function or the SUBTOTAL function. Depending on what exactly the user wants to do, there are lots of functions that could be used to summarise the data.It can use functions like the SUM function or the SUBTOTAL function. Depending on what exactly the user wants to do, there are lots of functions that could be used to summarise the data.It can use functions like the SUM function or the SUBTOTAL function. Depending on what exactly the user wants to do, there are lots of functions that could be used to summarise the data.It can use functions like the SUM function or the SUBTOTAL function. Depending on what exactly the user wants to do, there are lots of functions that could be used to summarise the data.It can use functions like the SUM function or the SUBTOTAL function. Depending on what exactly the user wants to do, there are lots of functions that could be used to summarise the data.It can use functions like the SUM function or the SUBTOTAL function. Depending on what exactly the user wants to do, there are lots of functions that could be used to summarise the data.It can use functions like the SUM function or the SUBTOTAL function. Depending on what exactly the user wants to do, there are lots of functions that could be used to summarise the data.


What is inner functions in mathematics?

In mathematics it is possible to have functions of functions, and functions of functions of functions and so on.So if f is a function of function g of a variable x, which may be written as f(g(x)) then g is the inner function.Thus in the function sin(3x2+5), the inner function is (3x2+5). Inner functions are particularly important in calculus (differentiation and integration).


What is the controlling function?

The controlling function involves the evaluation activities that managers must perform


How does the exponential function differ from other functions?

Every function differs from every other function. Otherwise they would not be different functions!


What function is a statistical function?

Elucidate the functions of statistics.


Why is it correct to say that all managers are involved in HRM function?

It's correct to say that because for one be a manager, he or she must have an idea of how to work with people and manage them... That's what's human resources is all about, managing the human functions and responsibilities...so it's safe to say all managers have a say in


What is the common functions of food service operation?

the common function of food service operation is whether in a small or large enterprise,a managers oversees the whole operation of the restaurant.However,delegating responsibilities help in the supervision of work.


Why is planning all-pervasive function of management?

Why is planning regarded as a pervasive function of managers? Explain