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What is Meant by 'Efficiency' in Management? - Business Studies

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प्रश्न

What is meant by 'efficiency' in management?

उत्तर

In management, efficiency means completing the given work or activities with minimum resources and cost.

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2014-2015 (March) Delhi Set 1

व्हिडिओ ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्‍न

Explain any four characteristics of 'principles of management.'


Explain why is it said that principles of management are 'mainly behavioural' and 'contingent' in nature. Also explain how principles of management 'provides managers with useful insights into reality' and 'helps in thoughtful decision-making'.


Explain briefly Unity of Direction and Order as principles of general management.


Explain briefly Initiative and Esprit de Corps as principles of general management


Explain briefly 'Discipline' and 'Unity of Command' as general principles of management.


The statements which disclose fundamental truth of management.

There are .................. levels of management in a business organisation.


State any two causes of fatigue that may create hindrance in the employee’s performance.


Select the proper option from the options given below and rewrite completed Sentence.
14 principles of management are developed by ________.


Write a word or phrase or a term which can substitute the following.
The principle of management which says unity is strength.


Answer the question.
Discuss the need for the principles of management.


Match the pairs.

Group A

Group B

A) Henry Fayol

1) Eight Foremen

B) Principle of Unity of Direction

2) F.W. Taylor

C) Principle of Management

3) Proper division of all activities

D) Scientific Management Theory

4) General guidelines

E) Functional Organization

5) A place for everything and everything in its place

 

6) One head-one plan

 

7) Low wage rate

 

8) Harmony between the employee and management

 

9) German engineer

 

10) Modern Management


Only some principles of management are important.


Principles of management cannot be ______.


Read the following text and answer the following questions on the basis of the same:

After completing her Bachelors in Fashion Designing from a well-known college in France, Aditi has opened a boutique in a posh market in Kolkata. She has divided the work in smaller units and each employee is well trained to perform his/her task efficiently. The sales persons are allowed to close a deal with a buyer by giving a maximum of 5 percent discount, whereas the decision to give any further discount rests with Aditi as the final authority.

In the earlier period of her business venture, employees were asked to put in extra hours of work. In return she had promised to give them a special incentive within a year. Therefore, when the business was doing well, she honour her commitment by giving bonus to her employees. She also instructed her employees that communication from top to bottom should follow the official lines of command. However, she tends to be more biased towards her female employees, when it comes to solve the conflicts among employees.

"The sales persons are allowed to close a deal with a buyer by giving a maximum of 5 percent discount, whereas the decision to give any further discount rests with Aditi as the final authority." Identify the principle of Management being followed here:


Management principles are contingent or dependent upon the situations prevailing in the organization. Which is the correct explanation associated with this statement?


______ principle of management is being violated if management does not fulfill its promise to increase wages of the workers after the mission is accomplished. 


Management principles are very ______ whereas pure science principles are rigid. 


The task of getting things done by others is known as management.


Explain 'General Guidelines’ as a feature of principles of management.


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