Business Management MCQ Questions and Solutions with Explanations | Management

The Practice of Management is written by Peter F Drucker. Peter Drucker (1909-2005) was one of the most widely-known and influential thinkers on management, whose work continues to be used by managers worldwide.

Management is what a manager does was wtitten by Louis Allan. Louis Alexander Allen (born Oct. 8, 1917) is an American management consultant and management author, known from his early work on management and organization.

The first man who advocated the view that the management should and can be taught is Hendry Fayol. Thanks to scientists like Henri Fayol (1841-1925) the first foundations were laid for modern scientific management. These first concepts, also called principles of management are the underlying factors for successful management.

The first worman authority in management is Lillian Gilberth. Lillian Gilbreth was one of the founders of modern industrial management. She brought psychology to the study of management in the early twentieth century and then brought them both to the forefront of the business world. She broke new ground with her book The Psychology of Management, which concerned the health of the industrial worker.

To manage is to forecast and plan, to organize, to compound, to co-ordinate and to control. This definition was given by Hendry Fay. To foresee and plan means examining the future and drawing up the plan of action. To organize means building up the dual structure, material and human, of the undertaking. To command means binding together, unifying and harmonizing all activity and effort. To control means seeing that everything occurs in conformity with established rule and expressed demand.

POSDCORB is an acronym which means Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting which was first coined in a paper on administrative management that was written for the Brownlow Committee by Luther Gulick and Lyndall Urwick.

Management is the art of getting things done through and with an informally organized Harold Koontz. Harold Koontz (1909 - Febr. 11, 1984) was an American organizational theorist, Professor of Business Management at the University of California, Los Angeles and a consultant for many of America's largest business organizations.

The Era of Scientific Management is 1880-1930. The Classical school of management thought and thinkers emerged from 1889 to 1930. It was the result of unprecedented growth during the industrial revolution. Large and complex organizations created the organizational complexities, and problems or operational efficiency.

Management is the art and science of decision making and leadership Donald J Clough. The author views management as an art and science of decision-making. The quality of decisions determines the performance of a manager. He has also to provide leadership to subordinates for motivating them to undertake their work.

The most popular management think of modern times is Mary Parkett.