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Question
Write a word or phrase or a term which can substitute the following.
The statements of fundamental truth of management.
Solution
The statements of fundamental truths of management: Management principles
Explanation-
Management principles are the basic truths that govern managerial behavior. They help managers in taking managerial decisions and guide them in taking the future course of actions.
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The principle of management explaining about fair payment to workers.
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‘Adharshila Vidyalaya’ believes in holistic development of students and encourages team building through a mix of curricular, co-curricular and sports activities. On its Founders’ Day, a stage performance had to be put up. A committee of ten prefects was constituted to plan different aspects of the function. They all decided to use recycled paper for decoration. As there was a spirit of unity and harmony and all members supported each other with mutual trust and belongingness, the programme was systematically planned and executed. Arvind, one of the prefects, realised that unknowingly the group had applied one of the principles of management while planning and executing the programme. He was so inspired by the success of the function, that he asked his father to apply the same principle in his business. His father replied that he was already using this principle.
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Principles of management improve the efficiency of employees.
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Principles of management are rigid.
State the features of management.
what makes principles of management flexible ?
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SanakLal and Gagan started their career in Wales Limited (a printing press) after going through a rigorous recruitment process. Since they had no prior work experience, the firm decided to give them one year to prove themselves. Name the principle of management followed by Wales Limited.
If an organisation does not provide the right place for physical and human resources in an organisation, which principle is violated? What are the consequences of it?
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Bhasin’ limited was engaged in the business of food processing and selling its products under a popular brand. Lately the business was expanding due to good quality and reasonable prices. Also with more people working the market for processed food was increasing. New players were
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to work for more than one superior resulting in declining efficiency. The divisions that were previously working on one product were also made to work on two or more products. This resulted in a lot of overlapping and wastage. The workers were becoming indisciplined. The spirit of teamwork, which
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Select the proper option from the options given below and rewrite completed Sentence.
According to the principle of ________ all employees should be given same treatment.
Write a word or phrase or a term which can substitute the following.
The principle of scientific management which explains the use of scientific methods to determine the activity performed by the employee.
State with reasons whether the following statement true or false:
Principles of management improve the efficiency of employees.
Explain meaning of principles of management and discuss the nature principles of management.
Explain how the principles of management help the managers:
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(ii) in providing the managers with useful insights into real-world situations.
Answer in one sentence.
What is the meaning of principle?
Correct the underlined word and rewrite the following sentence.
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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.
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How are principles of management formed?
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______ principle of management is being violated if management does not fulfill its promise to increase wages of the workers after the mission is accomplished.
Match the NATURE of PRINCIPLES OF MANAGEMENT in Column I with their correct EXPLANATION in Column II.
| 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 |
Management principles are very ______ whereas pure science principles are rigid.
The task of getting things done by others is known as management.
Match the correct pairs:
| Group ‘A’ | Group ‘B’ | ||
| (a) | Henry Fayol | (1) | It is the process of instructing, guiding, communicating and motivating |
| (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 |
Explain 'Universal Applicability' as a feature of principles of management.
Principles of management improve the efficiency of employees.
