Explanation

• When a politician tacitly approves a policy, it generally means they continue the previous policy by giving silent or unexpressed consent without officially announcing it.

Meaning of Tacit Approval

• Silent agreement: They do not speak up or object to the rule.
• Going along: They let the current system stay in place without change.
• Implied support: Their lack of action shows they accept what is already happening.

Explanation

• POSDCORB explains the important functions of administrators.
• Developed by Luther Gulick and Lyndall Urwick in 1937
• The acronym outlines seven core duties of management
• Planning
• Organizing
• Staffing
• Directing
• Coordinating
• Reporting
• Budgeting

Explanation

• Federalism divides powers between different levels of government.
• The national government handles broader national matters.
• State or local governments manage matters within their jurisdiction.
• This division helps distribute administrative responsibilities.

Explanation

• In accounting, an economic event occurs when a transaction is recognized and recorded
• Because it has a measurable monetary impact on the financial position of a business, changing its assets, liabilities, or equity.
• Types of Economic Events
• External Transactions
• Internal Events

Explanation

• Management science supports decision-making.
• It uses quantitative techniques.
• It may combine management, accounting, and econometric concepts.
• It helps solve complex organizational problems.