National Institute of Business Management Chennai - 020 FIRST SEMESTER EMBA/ MBA Subject : Principles and Practices of Management Attend any 4 questions. Each question carries 25 marks (Each answer should be of minimum 2 pages / of 300 words) 1. What are the fundamentals of staffing and manpower? Explain the different methods of selection recruitment‚ training and development. 2. Explain the nature and functions of Directing. Direction is a continuous function and therefore management must supervise
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Government Interactions with the Economy 1) Negative Externalities- external costs lead to an over allocation of resources to the specific economic activity. There are 2 possible ways of correcting these overspills: Taxation- the government can demand an effluent fee‚ which is a charge to a polluter that gives the right to discharge into the air or water a certain amount of pollution. Regulation- the government could specify a maximum allowable rate of pollution. This would require the
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in the quality of their service. With the invention of mobile phones the vast world had shrunk into our palms. However far our dear and near‚ you can be in touch with them‚ irrespective of your position. Merits of mobile phones: All the features of the instrument can be considered as merits of it. a) Never you will feel alone‚ always you can be in touch with your dear and near. b) Will help you to get assistance in emergency. c) In unforeseen circumstances like accidents‚ it will help to identify
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a12 What are the merits of downward communication ? s12 define horizontal communication? briefly discuss the forms of horizontal communication?s12 s11 distinguish between oral communication and written communication ? s12 mention the different means of non-verbal communication with examples ? a11 briefly discuss the forms of upward communication ? a11 discuss the merits and demerits of written communication ? a11 State the demerits of oral communication ? s11 Discuss the merits of downward and
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References: 1. The traditional methods merit and CASIC have been collected from: http://www.nationalschool.gov.uk/policyhub/evaluating_policy/magenta_book/chapter6d.asp 2. The information regarding survey demerits were collected from http://brent.tvu.ac.uk/dissguide/hm1u3/hm1u3text3.htm 3. How to use mobile marketing for interactive communication (www.mmaglobal.com) 4. History
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exhausted‚ and so it follows that the free market has not maximized the value of economic activity. In these situations‚ the government intervenes to correct the market failure. One area of market failure is often seen with the externalities of merit and demerit goods. Sometimes people do not realize‚ or ignore the costs‚ of doing something related to their consumption of these goods that have negative externalities. When there becomes an over consumption of these goods in the free market‚ the government
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Pro: To start out I am not a good debater but I just had this idea and want to see both sides of the argument. Euthanasia should be legalized in the United States. Euthanasia would help the US and its citizens in many ways. As defined by Merriam-Webster Euthanasia- the act or practice of killing or permitting the death of hopelessly sick or injured individuals in a relatively painless way for reasons of mercy: 1. People who live in great pain and suffering would have a way to get out of
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Why do some markets fail? ________________________________________________________ Market Failure Market failure – occurs when the price mechanism causes an inefficient allocation of resources and a net welfare loss in society‚ so resources are not allocated to their best/optimum use. Identifying market failure is difficult because it involves making a value judgement about what is good and what is bad for an economy. However‚ it can be decided what is good or bad to society. Goods may be bad
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Private goods 1. A private good is a good or service which a person will be excluded from owning or using if they do not pay for it. If you do not pay for items like food‚ cars or clothes you will be excluded from using them. 2. Consumption is rival (or depletable)‚ and that they are excludable by price. If one person has the good or service‚ the benefits of it are not available to others‚ that is‚ it is rival or depletable. Individuals can only have the good or service if they pay for it‚ that
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