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What is principle management? - Organisation of Commerce and Management

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What is principle management?

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Solution

The principles used for management of business organisations are called as principles of management.

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Chapter 1: Principles of Management - Answer in one sentence

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Principles of management improve the efficiency of employees.


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The one who is known as father of modern management.


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The principle of management which says unity is strength.


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Coordinating, Staffing, Directing.


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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.

Aditi has divided the work in smaller units and each employee is well trained to perform his/her task efficiently. Which principle of management is being followed here?


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.

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  Column I   Column II
(1) Universal applicability (i) Direct but do not provide readymade, straitjacket solutions
(2) General guidelines (ii) Not rigid prescriptions, can be modified as per the situation
(3) Flexible (iii) Aim at influencing behaviour of human beings
(4) Behavioural (iv) Applicable to all types of organizations

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  Group ‘A’   Group ‘B’
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(b) Directing (2) Scientific Management theory
(c) Responsibility towards Government (3) It is the process of recruiting, selecting, placing and remunerating
(d) Digital cash (4) To earn profit
(e) Monopoly (5) Respecting rules and regulations
    (6) Exist only in cyber space
    (7) Exist everywhere
    (8) Single buyer
    (9) Modern management theory
    (10) Single seller

Principles of management improve the efficiency of employees.


Principles of Management are not as accurate as principles of Science because ______.


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