Supervisors, especially those who rose from the ranks have difficulty adjusting to their new management role. As employees, they had opposed some organizational rules and regulations and encourage the

Planning is the first and perhaps the most important function of management. the essence of planning is to prepare for and predict future events. Planning goes beyond attempting to attain stated organizational

The purpose of evaluating a training programme is to determine its effectiveness. A training programme is effective if it has achieved it purpose for which it was designed. The information collected in

Employees should be appraised periodically. Most organization have annual appraisal systems. The formal annual evaluation should not be a substitute for periodic informal employee appraisal. The periodic

An adequate personnel recruitment programme requires that the organization should anticipate vacancies as fast as possible in advance. Recruitment includes all prospective applicants for job position in

An organization is said to decentralized it the authority to make decisions is delegated to managers at the lower ladders of the organizational hierarchy. What really constitutes decentralization is relative.

Interviews are the most widely used device for employment. Seldom is a person offered employment without an interview, No matter how brief. In all selection interviews, it is important that the interviewer

An organization can initiate a change through the help of a change agent. this agent could be from the inside the organization or from outside. An outside agent is usually a specialist who acts as a catalyst

For one to make a decision, one must have goals that one expect to achieve. The goals to be achieved may be determined by the organization and could aim at minimizing cost or maximizing profit. in the

From the company point of view productivity is at the apex of all training programs. A well trained employee is capable of producing more than an untrained employee of equal physical ability. The success

These are securities issued by the borrowers of fund to the lenders of such fund in acknowledgement I of such borrowing. Instruments issued can be variously described according to the tenor of the underling

These are business organization that acts as intermediaries between the operators in tithe financial market to channel the surpluse funds from one end to the other end with deficit. In other words, they

The financial market provides avenue for insurance of and trading in financial instruments on shorts, medium and long term, through the process of intermediation I. e mobilization of funds from the surpluse

A bond is an interest-bearing promissory note or a long term (I. O. U). It could be regarded as a promise to pay a stated rate of interest for a definite period of time and to repay the principal at a

While capital is viewed from various angles by various professions, such as Economist regarding capital as man-made factor of production consisting of machines, plants and equipments. The accountant sees