Management is considered a dynamic function because it must adapt to various external social, political, and economic changes. Organizations continuously adjust their goals and processes to fit the needs of the environment in order to remain competitive and successful. Effective management requires flexibility and responsiveness to evolving circumstances, ensuring that the organization can thrive in a changing world.
List-I (Functional Areas) | List-II (Standards) |
(A) Production | (I) Cost |
(B) Marketing | (II) Sales Volume |
(C) Human Resource Management | (III) Labour Relations |
(D) Finance | (IV) Liquidity |
Identify the techniques of Scientific management which are specified by
F.W. Taylor.
(A) Functional Foremanship
(B) Kanban
(C) Method Study
(D) Motion Study
(E) Kaizen
Choose the correct answer from the options given below: