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Why managers reluctant to participate fully in setting budgets?
Present a response on why managers may be reluctant to fully participate in setting up budgets. Let it be in form of a report addressed to the board of directors
What is the difference between an open decision making system and a closed decision making system?
A. Closed decision making system:If the manager operates in a known environment then it is a closed decision making system. The conditions of the closed decision making system are:(a) The manager has a known set of decision alternatives and knows their outcomes fully in terms of value, if implemented.(b) The manager has a model, a method or a rule whereby the decision alternatives can be generated, tested, and ranked.(c) The manager can choose one of them, based on some goal or objective.A few examples are:a product mix problem,an examination system to declare pass or fail, oran acceptance of the fixed deposits.B. Open decision making system:If the manager operates in an environment not known to him, then the decision making system is termed as an open decision making system. The conditions of this system are:(a) The manager does not know all the decision alternatives.(b) The outcome of the decision is also not known fully. The knowledge of the outcome may be a probabilistic one.(c) No method, rule or model is available to study and finalize one decision among the set of decision alternatives.(d) It is difficult to decide an objective or a goal and, therefore, the manager resorts to that decision, where his aspirations or desires are met best.Deciding on the possible product diversification lines, the pricing of a new product, and the plant location, are some decision making situations which fall in the category of the open decision making systems. by prerna
What is Supportive Style of Management?
In supportive management, the manager is not so interested in giving orders and managing every detail as in giving employees the tools they need to work themselves. While delegation is a vital part of supportive leadership, managers do not simply assign tasks and then receive the results. Instead, they work through the tasks with employees to improve skills and talent until the manager does not need to worry about a task being done correctly and the employee is fully empowered in a particular area.
In business terms what does fully managed mean?
"Fully managed" means the company offering the services will take care of the technical aspect of the service. This will leave the customer to enjoy the service with little to no setup frustration.
What is fasclass?
FASCLASS is defined as Fully Automated System for Classification (US Army)
Why managers reluctant to participate fully in setting budgets?
Present a response on why managers may be reluctant to fully participate in setting up budgets. Let it be in form of a report addressed to the board of directors
What are the advantages and disadvantages of incremental budgeting?
Some of the advantages of incremental budgeting are that this type of budgeting is easy and quick. Some disadvantages of incremental budgeting are that different methods for achieving the objective may not be considered and if the budget is not fully spent it can be reduced during the next period.
Is it necessary to have one's faith confirmed in the Catholic Church to fully participate in the sacraments"?
No, it is not necessary to have one's faith confirmed in the Catholic Church to fully participate in the sacraments.
What happened to make the US fully participate in the war?
The Japanese bombing of Pearl Harbor
Reduced creole power and allowed mestizos and Indians to participate fully in government?
Democratic citizens
The 15th amenments This amendment allowed the newly freed slaves to?
participate more fully as citizens.
Who is allowed to participate in Buddhism?
Any person from any walks of life can participate in Buddhism. However, in order to fully experience the beifits of Buddhism one should approach Buddhism with an open mind and heart.
What is the role of women in electoral politics in Canada?
Women are fully allowed to participate in elections and have all the same rights as men.
What is the second formula of the Toyota Production System?
Second, everyone down to the most menial Toyota worker had to fully participate.
What did the 15 amendment do to the newly freed slaves?
Gives citizenship rights to former slaves.
Use enfranchise in a sentence?
The new law will enfranchise many previously marginalized groups, allowing them to participate fully in the voting process.
What is role of manager in financial company?
firstly the main role of manager to fully know about the today's finance and they have a lot of knowledge about the financial things........and also know about the in which way they can handle finance.......
