Objectives of performance appraisal The basic objective of management is to epitomize efficiency by an adequate utilization of non-human and human resources. The non-human resources are well within
Managers perform different roles as shown in the image. As can be seen from the figure, formal authority gives rise to three informational roles. Various roles played by
What is a Committee? Committee is not a separate organization as such. It is just an extended idea of line and staff system. Under this system, instead of
What is Labour Turnover? In each concern, employees often join and leave the concern for variety of reasons. The relation between the number of persons joining the firm
Various differences between holder and holder-in-due-course can be explained on the basis of the following Entitlement Maturity Right to recover amount Privileges Consideration Title Notice of defect in
A partnership comes into existence, by means of a contract between partners, whereas, a joint Hindu family (hereinafter referred to as HUF) arises as a result of status,
The following are the differences between Negotiation and Assignment 1. Mode of Transfer Negotiation can be effected by mere delivery or endorsement followed by delivery. Mode of transfer
(Image: Functional Organization merits & Demerits) Merits of functional organization: The following are the merits of functional organization. 1. Benefit of Specialization This system provides ample opportunities for
Centralization and Decentralization of an organization carries with it various advantages and disadvantages. Lets look at some of them. Advantages of Decentralization Decentralization of authority has certain advantages,