Explain ‘Rule’ and ‘Method’ as types of plans.

1.	Explain ‘Rule’ and ‘Method’ as types of plans.
Answer» Rules. Rules are rigid instructions. Rules spell out specific required actions or nonactions, allowing no discretion. Rules lay down that is to be done and what is not to be done. They are generally formalized in writing and are impersonal in nature, e.g., each Mc Donald’s restaurant has a rule, prohibiting customers from using its telephones. Methods. Methods are formalized and standardized way of accomplishing repetitive and routine jobs. They are designed to keep operations running on planned and desired lines to prevent confusion and adhocism and ensure economy and efficiency. They serve as uniform norms to guide and control operations and performance. Methods are backed up by knowledge, e.g., business can select any of the methods for valuation of its stock such as LIFO or FIFO. According to L.J.Kazimer, ‘Method specifies how one step of a procedure is to be performed.’

Answer»

Rules. Rules are rigid instructions. Rules spell out specific required actions or nonactions, allowing no discretion. Rules lay down that is to be done and what is not to be done. They are generally formalized in writing and are impersonal in nature, e.g., each Mc Donald’s restaurant has a rule, prohibiting customers from using its telephones.

Methods. Methods are formalized and standardized way of accomplishing repetitive and routine jobs. They are designed to keep operations running on planned and desired lines to prevent confusion and adhocism and ensure economy and efficiency. They serve as uniform norms to guide and control operations and performance. Methods are backed up by knowledge, e.g., business can select any of the methods for valuation of its stock such as LIFO or FIFO. According to L.J.Kazimer, ‘Method specifies how one step of a procedure is to be performed.’

Explain ‘Rule’ and ‘Method’ as types of plans.

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment