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Q: What is the major task of manager according to the contingency approach?
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For which decision areas is the financial manager responsible?

Answer-Modern approach of financial management provides a conceptual and analytical framework for financial decision making. According to this approach there are 4 major decision areas that confront the Finance Manager these are:- a) Investment Decisions; b) Financing Decisions; c) Dividend Decisions d) Financial Analysis, Planning and Control Decisions


What are the financial decision areas?

Modern approach of financial management provides a conceptual and analytical framework for financial decision making. According to this approach there are 4 major decision areas that confront the Finance Manager these are:- a) Investment Decisions; b) Financing Decisions; c) Dividend Decisions d) Financial Analysis, Planning and Control Decisions


Describe the major characteristics of contingency theory why there is no one best way to manage?

Contingency theory suggests that the effectiveness of management practices depends on the specific situation or context. Factors such as the environment, technology, and organization's structure influence which management style is most suitable. As a result, there is no universal or one-size-fits-all approach to management that will work in all situations. Instead, managers should be flexible and adapt their strategies to fit the unique circumstances they face.


Why manager must have responsibility?

Responsibility is a major part of manager's job by definition.


What is the difference between project manager and assistant project manager?

The difference is the assistant project manager has to confer with the project manager on major decisions.


Perspectives on the design of work can be classified into what four major categories?

1) Perceptual-motor approach 2) Biological approach 3) Mechanistic approach 4) motivational approach


What should you major in if you want to be an account manager?

I want to be an account manager ultimately. I really want to work in travel business as an account manager.


When was Chuck Tanner Major League Baseball Manager of the Year Award created?

Chuck Tanner Major League Baseball Manager of the Year Award was created in 2007.


Who was one of the major figures of the humanistic approach?

Sigmund Freud


What are the feature of system approach?

major features of system approach aresubsysteminterdependence of subsystempositive synergyopen system interact to environment andfeedback


What are the two major advantages of the scientific approach over the common sense approach?

Its clarity and percision , and relative intolerance of error


Whose job is it to put players on mlb roster?

All Major League teams are different some teams will allow the team Manager to make those decisions on adding players to their Major League roster while some teams will have their General Manager make those decisions on the makeup of their Major League roster and there are some teams where it can be a collective effort between the team Manager and the General Manager or even between the team Manager, General Manager and either the President and/or the owner.