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MEASURES OF DISPERSION IN STATISTICS : Dispersion, meaning and definition; Importance; Relative and absolute measures of dispersion. DISPERSION Dispersion indicates the measure of the extent to which individual items differ. It indicates lack of uniformity in the size of items. ACCORDING TO BROOK AND DICKS “Dispersion is the degree of the variation of the variable…
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TYPES OF POLICIES The following are the various types of policies: ORGANIZATIONAL POLICIES These refer to the overall policies of the organization. These policies decide the goals of the activities of the organization as a whole. FUNCTIONAL POLICIES Functional Policies are prepared for different functions such as production, marketing, finance, personnel etc. Functional policies are…
SMART TEST Objectives are the ends for the achievement of which managerial activities are directed. Objectives are the pre-requisites of planning. It constitutes the purpose, the attainment of which is necessary for the business. These are the standing plans of the business. These are not only helpful in planning but also in other managerial functions…
