Business Studies

Principle of Management

Questions Bank

  • Principles of Management are the statements of fundamental truth which act as guidelines for taking managerial actions and decisions.
    2018-02-12 15:25:54
  • Nature Or Features Or Characteristics are (a) Universal Application; (b) General Guidelines; (c) Formed by Practice and Experiments; (d) Flexible; (e) Behavioural in Nature; (f) Based on Cause and Effect Relationship
    (g) Contingent
    2018-02-12 15:25:30
  • Importance of Management are (a) Providing managers with useful in sight; (b) Optimum Utilisation of Resources
    (c) Scientific Decision; (d) Meeting Changing Environment requirement; (e) Effective Administration; (f) Fulfilling of Social Responsiblity.
    2018-02-12 15:24:17
  • Talyor Scientific Management means knowing exactly what you want to do and seeing that t do it in the best and the cheapest way.
    2018-02-12 15:23:14
  • Scalar Chain means line authority or chain of superiors from highest to lowest rank.
    2018-02-12 15:22:51
  • Gang Plank is a short-cut in the scalar chain. It permits direct communication between the employees working at the same level of authority without the scalar chain.
    2018-02-12 15:22:37
  • Scientific Principles of Management includes (a) Science, not rule of thumb; (b) Harmony and Discord; (c) Cooperation, not individualism; (d) Development of Workers to their greatest Efficien & Prosperity.
    2018-02-12 15:22:06
  • Scientific Techniques of Management includes (a) Functional Foremanship; (b) Standardisation of Work; (c) Fatigue Study; (d) Method Study; (e) Time Study; (f) Motion Study; (g) Differential Wage Rate System; (h) Mental Revolution
    2018-02-12 15:21:12

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