A Chain of 25 Photographic Portrait Stores,operating Nationwide,has Organised Its

question 83

Multiple Choice

A chain of 25 photographic portrait stores,operating nationwide,has organised its marketing organisation into different marketing activities that are headed by specialists.What type of marketing organisation is this?

• A)geographic
• B)product
• C)organic
• D)functional
• E)market

Understand the significance of quality control and its historical development within management practices.

Understand the core principles of scientific management and its impact on modern organizational practices.

Recognize the contributions of key figures in the field of management, including Frederick W. Taylor, Frank and Lillian Gilbreth, and Henry Fayol.

Identify the principles of quality management and the pioneers who advocated for quality in production and operations.

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Modified Approach

An alternative accounting technique that allows governmental entities to report certain infrastructure assets at historical cost, foregoing the need for depreciation.

Infrastructure Depreciation

The systematic allocation of the cost of infrastructure assets over their useful lives, reflecting the consumption or the wearing out of physical assets like roads, bridges, and utility systems.

Maintenance Costs

Expenses incurred for the upkeep and repair of assets to ensure they remain operational and efficient.