(a). Outline three principles of a good organization
(b). State three advantages derived from office correspondence
(c). Explan the following methods of payment
i. Money order
ii. Postal order
iii. Cheque
iv. Standing order
(a).
- The principle of authority: Responsibility for results should correspond with manager's authority and influence.
- The principle of span of control: Span of control refers to span of supervision or management or authority and responsibility. It stands for the number of subordinates seeking the direction, guidance and supervision from their immediate superior.
- The principle of balance: Balance in organisation structure does not stand for equal emphasis on size and number of people working; it does not mean equality per se. There should be balance from the point view of overall effectiveness.
(b).
- The basic purpose of any business letter is to convey information regarding business activities. Information can be transmitted through business letter to customers, suppliers, debtors, government authorities, financial institutions, bank and insurance companies and to any other parties related with the business.
- Memo: It can help maintain the good relationship among boss and subordinates, because the bossing attitude is absent here
- The main objective of memo is to inform the decisions and actions. For this purpose, it shouls be wriiten by higher authority.
(c)i. An order for the payment of a specified amount of money, usually issued and payable at a bank or post office.. It remain a trusted financial instrument.
ii. A postal order or postal note is a type of money order usually intended for sending money through the mail. It is purchased at a post office and is payable at another post office to the named recipient.
iii. A cheque is a written order to a bank to pay a stated sum from the drawer's account, written on a specially printed form. It is also a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.
iv. A standing order is an instruction a bank account holder gives to their bank to pay a set amount at regular intervals to another's accoun. The instruction is sometimes known as a banker's order.
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}