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Answer in one sentence. Chapter 1: Principles of Management

Answer in one sentence.

Answer in one sentence. Chapter 1: Principles of Management
Answer in one sentence. Chapter 1: Principles of Management


What is principle of unity of command?

Solution: 

Each member of organization should receive orders from only one superior. This principle helps in managing conflicts and solving disputes among people in organization.


What is standardization of tools and equipments?

Solution: 

Standardized working environment and methods of production help to reduce spoilage and wastage of material, cost of production, fatigue among the workers and it improves quality of work.


What is the differential wage rate?

Solution: 

Remuneration should be fixed in such a way that average worker is motivated to attain a standard output.


What is Subordination of individual interest into organizational interest?

Solution: 

According to this principle the interest of an individual must be given less importance than the interest of the organization.


What is the meaning of principle?

Solution: 

"Principle is defined as a fundamental truth or proposition that serves as the foundation for a system of belief or behaviour or for a chain of reasoning." In simple words, techniques or systems which give one-directional result are called principles.



OBJECTIVES: Chapter 1: Principles of Management

Chapter 1: Principles of Management

OBJECTIVES: Chapter 1: Principles of Management
OBJECTIVES: Chapter 1: Principles of Management



Balbharati solutions for Organisation of Commerce and Management (OC) 12th Standard HSC Maharashtra State Board


Select the correct option and rewrite the sentence.


_____________ was regarded as Father of Scientific Management.

Henry Fayol

F W Taylor

Philip Kotler


Solution: 


F W Taylor was regarded as Father of Scientific Management.



Principle of ___________ is based on 'A place for everything and everything in its place'.

Discipline

order

equity


Solution: 

Principle of order is based on 'A place for everything and everything in its place'.




Member of organization should receive orders from ____________ .

many superior

one superior

all superiors


Solution: 

Member of organization should receive orders from one superior.



Scalar chain means the hierarchy of __________ from the top level to the lower level for the purpose of communication.

discipline

unity

authority

Solution: 

Scalar chain means the hierarchy of authority from the top level to the lower level for the purpose of communication.



Taylor recommended total __________ foremen to control the various aspects of production.

eight

three

two

Solution: 

Taylor recommended total  eight  foremen to control the various aspects of production.


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


Solution: 

Group A

Group B

A) Henry Hayol

10) Modern Management

B) Principle of Unity of Direction

6) One head-one plan

C) Principle of Management

4) General guidelines

D) Scientific Management Theory

2) F.W. Taylor

E) Functional Organization

1) Eight Foremen


Give one word/phrase/term for the following statement.


The study of the movement of an employee as well as a machine while completing a particular task.

Solution: 

The study of the movement of an employee as well as a machine while completing a particular task. - Motion Study


The technique of observing and recording the time required by an employee to complete a given task.

Solution: 

The technique of observing and recording the time required by an employee to complete a given task. - Time Study


The study consists of an organized, systematic, and critical assessment of various activities.’


Solution: 

The study consists of an organized, systematic and critical assessment of various activities. - Work Study.


The principle which deals with 'to do work with innovative way'.

Solution: 

The principle which deals with 'to do work with innovative way'. - Principle of Initiative


The principle which is based on 'a place for everything and everything in its place'.

Solution: 

The principle which is based on 'a place for everything and everything in its place'. - Principle of Order



State whether the following statement is true or false.


The principles of management are universal in nature.

True

False



Management principles are applied differently under different situations.

True

False



Only some principles of management are important.

True

False



Henry Fayol has given different techniques of management.

True

False



F W Taylor has proposed 14 principles of management.

True

False



Each member of the organization should receive orders only from one superior.

True

False



Find the odd one.


Principle of Authority and Responsibility

Motion Study

Principle of Division of Work

Principle of Discipline



Fatigue Study

Principle of Unity of Command

Work Study

Motion Study


Justify the following statement. Management principles are helpful in optimum utilization of resources.

Justify the following statement.


Management principles are helpful in optimum utilization of resources.


Solution: 

(1) Materials or abstract qualities that a person or organization uses to perform the work are called resources, e.g. tools, stocks, time, employees, etc. In every organization, two types of resources are used and they are

(i) Physical resources such as material, machine, money, etc. 

(ii) Human resources i.e. manpower.

 

(2) The different types of resources are used in the organization to manufacture or produce different types of goods and services. The resources are scarce in relation to their demand and therefore resources should not be wasted and misused. They should be used carefully and up to their optimum capacity.

 

(3) The basic aim and function of management are to make and maintain proper balance and allocate these resources by putting them to maximum possible use and control on wastage of resources. Through the use of different techniques and management principles, management maintains discipline and a healthy working environment to establish a cordial relationship with the employees.

 

(4) It helps to increase the efficiency level of employees and to manage the administration effectively, e.g. use of modern and standard tools and machinery. It also helps to increase quality, productivity, and level of efficiency of human resources.



Balbharati Solutions for Organisation of Commerce and Management (OC) 12th Standard HSC Maharashtra State Board

Chapter 1: Principles of Management

Chapter 2: Functions of Management

Chapter 3: Entrepreneurship Development

Chapter 4: Business Services

Chapter 5: Emerging Modes of Business

Chapter 6: Social Responsibilities of Business

Chapter 7: Consumer Protection

Chapter 8: Marketing

Justify the following statement. Principles of management are flexible in nature.

Justify the following statement.


Principles of management are flexible in nature.


Solution: 


(1) Principles of management are the statements of fundamental truth which act as guidelines for managerial decision-making and action. They establish cause and effect relationships. They are evolved through observation, analysis, and experiments.


(2) Principles of management although fundamental, are not rigid. They are flexible in nature in the sense they can be changed or modified according to the situation and requirements of the organization. Managers can change these principles to suit the requirements of the organization.


(3) Principles of management are flexible guidelines providing ample scope for making changes according to the nature of the enterprise, its size, competitive situation, etc. For instance, in the context of the present business scenario, in many places, the 'family management has been substituted by professional management.


(4) The modern business world is dynamic. The situations in a business enterprise keep on changing continuously. No two circumstances are identical. Principles of management can be changed, adjusted or modified, and used in the enterprise as per its changing needs and requirements. By identifying problems of business changes will be accepted.



Balbharati Solutions for Organisation of Commerce and Management (OC) 12th Standard HSC Maharashtra State Board

Chapter 1: Principles of Management

Chapter 2: Functions of Management

Chapter 3: Entrepreneurship Development

Chapter 4: Business Services

Chapter 5: Emerging Modes of Business

Chapter 6: Social Responsibilities of Business

Chapter 7: Consumer Protection

Chapter 8: Marketing

Answer in brief. Describe any four techniques of scientific management?

Answer in brief.


Describe any four techniques of scientific management?


Solution: 

Some of the major techniques of scientific management are as follows:


1) Standardization of Tools and Equipment:

With the result of experiments conducted at work place, Taylor advocated the standardization of tools and equipment. Standardized working environment and methods of production help to reduce spoilage and wastage of material, cost of production, fatigue among the workers and it improves the quality of work.


2) Scientific Task Setting:

Taylor emphasized the need for fixing a fair day's work. A scientific work setting is important to prevent the employees from doing work much below their capacity. By using this technique, employees will complete the task according to standards given and management can keep proper control on optimum utilization of the workforce.


3) Scientific Selection and Training: 

Management can select the right persons for the right jobs by using scientific selection procedures. It needs to fix job specifications as per requirement. Employees are selected according to predetermined standards in an impartial way. After selection, management should provide the proper training programs to increase their efficiency. 


4) Differential Piece-Rate Wage Plan:

Taylor suggested the differential piece-wage system. Higher rates are offered to employees who complete the work more than the standard quantity under this system. On the other hand, if an employee is performing below the standard; he shall be given a lower rate of wages. This technique motivates the employees to attain higher standard performance and earn wages i.e. remuneration at a higher rate.


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