Answer the following questions
Question 2.5 marks :lndicate whether each of the following statements is true or false and why
- The administrative model of decision decision making is the approach that explains why decision making is inherently uncertain and risky and why managers usually make optimum rathan than satisfactory decisions
- The organizational resources can be classified only into physical and financial resources
- The resource allocator role is deciding which new projects or programs to init iate and to invest resources in
- The managcrial functions include planning production marketing and finance
- The contingency theory suggests that there is only one best way to organize
- The classical or traditional approach of management includes theory X and theory Y
- Scientific management is the study of how to create an organizational structure that leads to high efficiency and offectiveness
- Task environment is a set of forces and conditions intside the organization s boundaries thathave the potential to offect the way the organization operates
- General environment includes the wide-ranging global. Eaonomic technol . should have and competitive forces that affect an organization and its task environment
- The top managers should have more technical skills whereas firs line managers should have more conceptual skills