Acquired Needs Theory studies individuals needs and classify them into as three motivating drivers, need for achievement, power or affiliation
To determine the degree of decentralization, 11 key factors affecting authority, decision making and organization structure must be considered.
Accounting is important in business, it provides the financial information of business to aid managers to take decision and run it successfully.
In accounting, cash includes coins; currency; deposited negotiable instruments such as checks, bank drafts and money orders; amounts in checking and savings accounts and demand certificates of deposit.
Organizational Structure’s six elements are the six building blocks that managers must use in developing and structure organizational Hierarchy.
Control process is required for measuring and comparing performance, finding problems and improving entitle process for better performance.
Programmed decision taken at the lowest level of organization and non-programmed decisions are taken at the highest level of organization.
Planning task force in an organization includes members from professional planning staff, higher management, consultants and key employees.
8 Steps to create effective plan for establishing effective goals and plans for organization to achieve targeted works systematically by planning process.
Strategic planning process has 9 steps to make effective use of human and material resources of organization for achieving objectives of organization.