Which of the following statements is true with reference to principles of management? The concept of Work Study techniques includes Discuss the fayol's POM; Elaborate on the difference between Unity of command and direction; Discuss the 14 POM given by him. Managers require that authority and responsibility commensurate with each other. Centralisation means concentration of decision making power in few hands. (a) Providing managers with useful insight into reality (a) The real business situations are complex. (d) All of the above, 23. Marketing management project on hair oil class 12th by faizan khan (a) Authority and responsibility It is further certifying that this project is the individual and bonafide work of the candidate. Explanation: According to Taylor, “even a small production activity like loading figures of iron into boxes can be scientifically planned and managed. 22. NCERT Solutions for Class 12 Business Studies Chapter 2 Principles of Management. (a) According to Fayol, due care should be taken while carrying out the recruitment and selection process and the new recruits should be placed at a particular position for a sufficient tenure. Explanation: We have provided Nature and Significance of Management Class 12 Business Studies MCQs Questions with Answers to help … (c) Both of the above Students of class 12 who have opted for Commerce can refer to class 12 notes principles of management pdf and begin their preparations for their final exams. But it should be within the paying capacity of the organisation. A trained specialist who is competent to perform a particular aspect of work is assigned the same and it ultimately leads to specialisation. These are famous words by Henry Mintzberg. (b) The principles denote a cause and effect relationship. The application of this principle of management leads to higher production and better work for the same effort. This scalar chain should be followed in an organisation so as to establish perfect reporting relationships. This will ensure friendly atmosphere and good relationship between workers and management. The principles of management enhance the understanding of relationship between human and material resources for the achievement of organisational goals. Required fields are marked *. Explanation: (d) None of the above. (b) Mining engineer 28. (c) Because they are applied in an absolute or in a static manner. (d) None of the above. Fayol’s work became famous with the 1949 publication of “General and industrial administration”, the English translation of the 1916 article “Administration industrielle et générale”. If, let’s say, Y has to communicate to E, he has to follow the chain Y-W-X-D-E. According to Taylor, “each specialist is to be assigned work according to his/her qualities, the employees who possess technical mastery should be involved in planning work whereas those with energy and good health may be assigned execution work.” Name the related principle of scientific management. (b) According to Fayol, there should be one and only one boss for every individual employee and dual subordination should be avoided. Answer: c (c) Through the technique of functional foremanship, Taylor suggested appointment eight specialists to monitor various aspects of a job. Employee turnover should be minimized to maintain efficiency and effectiveness in the organization. ‘Rule of thumb’ refers to Principles of management can be modified by the manager when the situation demands. (d) All of the above, 16. There should exist proper balance between authority and reponsibility. Discipline is the obedience to organisational rules, regulations and employment agreement which are necessary for the working of an organisation. (a) Mechanical engineer Name the technique. Answer: d 27. It is reflected in the progress of large brands who through their work environment and atmosphere have touched the heights of success. This motivates the employees to initiate and take part in programmes conducted by the organisation. (b) Standardisation and simplification of work This proves the reason behind existence of different departments in an organisation such as marketing, sales, production, human resource management etc. Founder(s): Richard and Maurice Mc Donalds (Mc donalds Restaurant Concept) Ray Kroc (Mc Donalds corporation founder) Headquarters: Mc Donalds Plaza, located in Oka Brook, Illinois, U.S. No of locations: 33,000+ worldwide Products: Fast food e.g hamburger, french fries, soft drinks, coffee, milk shakes, etc. (a) Discipline (c) Order Explain briefly. (a) Harmony, not discord So stability of personnel should be maintained in an organisation as it is considered healthy for growth and prosperity of the business. If there is a place fixed for each and everything and every person, then there will be no obstacles in the way.  For example, if a teacher in school os expected to be in staff room in her free periods,  then it makes no sense for a student searching for her somewhere else. – It reflects to a statement that reflects the fundamental verity about some factor based on cause and effect kinship. Which of the following statements is true with reference to principles of management? 1. (c) Motion study “Unity is Strength” is the principle which should be practised main the people working for the organisation. ... Project on Principles of management-Business studies project work Ravi Singh. (b) To formulate suitable incentive schemes This may sometimes lead to distortion of information from one person to another and may also result the process to be delayed. Which of the following statements is/are true with reference to principles of management? In this post we are sharing with you ,PRINCIPLES OF MANAGEMENT PROJECT ON BIG BAZAAR, for class 12 CBSE .This is a brief outline of the project , you can download complete project for free from the link below . (b) Esprit De Corps Your email address will not be published. Answer: c Orders and instructions should come from only one head. This will also ensure coordination among various departments. (d) Equity. The whole pie of work is divided into several pieces to grab them easily. Standardisation of work refers to the process of setting … Authority is the right to give orders to subordinates and obtain obedience from their in their work. that efficient workers should be paid at a higher rate as compared to inefficient workers. According to this principle of scientific management, “Scientific management has for its foundation the firm conviction that true interest of the management and workers are one and the same; the prosperity for the employer cannot exist for a long time unless it is accompanied by prosperity for the employees and vice versa.” (d) Esprit De Corps. (b) Experimentation This statement reflects that the principles of management are (c) Through this principle, Fayol advocates that the interest of the organisation should supersede individual interest of an employee under all kinds of situations. Which feature of the principles of management is being described in the given statement? Explanation: Answer: b 6. Team members all work towards a common goal using the same plan to reach the shared objective. Management principles help in thoughtful decision-making. (d) Equity. They are formed based on observation by experts and practice done by them. Dual subordination should be avoided. It is necessary to achieve organizational goals on time and through minimum cost. His contribution must be interpreted in terms of impact that his writings have improved managerial efficiencies. (b) Method study (a) Time study (d) Order. Specifically for Business Studies CBSE Class 12 Students Multiple Choice Questions of Principles of Management. Unit Number 319, Vipul Trade Centre, Sohna Road, Gurgaon, Sector 49, Gurugram, Haryana 122018, India, Monday – Friday (9:00 a.m. – 6:00 p.m. PST) Saturday, Sunday (Closed), 7. 1. (b) Contingent (d) None of the above, 18. Which of the following statements best defines the techniques of management? How is the Principle of ‘Unity of Command’ useful to management? Principles of management | business studies | class 12 | part 2Must like n share the video guys..! Moreover, it would become a recurring expenditure for the organization to recruit the personnel time and again. This can result in tremendous savings of human energy as well as wastage of time and materials.” Identify the related principle of scientific management. Learn the concepts of Business Studies Principles of Management with Videos and Stories. Which of the following is an objective of time study? Identify the technique. (c) The application of principle of division of work enables an employee to gain proficiency in work by doing it repetitively over a period of time. There is need for patient superiors at all levels, so that they can guide other employees at the right time along with strict action to be taken, if required. (c) Meeting changing environmental requirements Engineering 2021 , Engineering Interview Questions.com. For example, a box where employees can put in their suggestions in form of a chit either anonymously or disclosing their name , and the management can read all the suggestions time to time. (c) Harmony, not discord (c) Formed by practice and experimentation Principle of Managment CBSE Class 12th 1. Identify the technique. Explanation: Explanation: … He said that if this principle is violated, “authority is undermined, discipline is in jeopardy, order disturbed and stability threatened”. (d) The correct answer is fatigue study. Type: public Company Industry: Restaurants Founded Mc Donalds Corporation, April 15, 1955 in Desplaines, Illinois. (a) Motion study (c) The principles act as general guidelines. 8. 19. Download Business Studies Project of Class 12th Strictly according to the latest rules and regulations of CBSE for free. (b) Motion study Explanation: (c) The principles of management are in the continuous process of evolution. (b) Through the principle of authority and responsibility, Taylor advocated that there should always be a balance between the authority granted and the • responsibility entrusted to an employee. Therefore, a modification named Gang Plank is introduced to cope up in an emergency wherein managers at same level can connect to each other directly without following the long chain of communication. Fayol and Taylor have a set of such principles that provide managers with a guideline. (d) Human resource officer, 3. Through this principle of management, Henri Fayol guides the managers to exhibit exemplary behaviour and advises that they should not fall into temptation of misusing their powers for personal benefit at the cost of general interest of the organisation. ALL INDIA SENIOR SECONDARY CERTIFICATE EXAMINATION – 2014-15 Project Of Business Studies PRINCIPLES OF MANAGEMENT SUBMITTED TO: AMIT RAJPUT (P.A Commerce) DPS SUBMITTED BY:YASH AGARWAL XII- … Most Asked Technical Basic CIVIL | Mechanical | CSE | EEE | ECE | IT | Chemical | Medical MBBS Jobs Online Quiz Tests for Freshers Experienced. This enables the managers to complete their tasks in shorter period of time, especially in case of emergency. (c) Fatigue study (b) The principles of management are yet to be evolved. Selected magazine articles on management. Henri Fayol ( 29 July 1841 – 19 November 1925 ) was a French management theorist. (c) Harmony, not discord (c) Principles help the manager to take decisions while performing various management functions. All the units of an organization should move towards the same objective through coordinated and dedicated efforts. (d) None of the above, 14. (c) Universally applicable 26. (c) Motivate the inefficient workers to perform better (c) Standardisation and simplification of work Standardisation and Simplification of work. The principle of order ensures availability of right person at the right job and right thing at the … (b) Mainly behavioural Henri Fayol was able to frame 14 principles of management after due deliberation. Related Read: Check Business Studies Syllabus For Class 12. The principles of management are intended to be applied to all types and sizes of organisations. This statement implies that the principles of management are He is also regarded as ‘Father of General Management’. (c) Unity of command (a) General guidelines (a) Science, not rule of thumb (c) Subordination of individual interest to general interest The principle of order ensures availability of right person at the right job and right thing at the right place. The principles of management do not provide readymade straight jacket solutions to all management problems because Answer: b Nature and Significance of Management class 12 Notes Business Studies. As it is a trait of intelligent persons, it should be inculcated in the employees of the organisation. Class 12 Business Studies Principles of Management – Get here the Notes for Class 12 Business Studies Principles of Management. (d) All of the above. Identify the related principle of general management. (a) Cause and effect relationships CBSE quick revision note for class-12 Business Studies, Chemistry, Math’s, Biology and other subject are very helpful to revise the whole syllabus during exam days. Explanation: Answer: c Explanation: (b) Mining engineer Principles of Management: Definition. If you are a student of Class 12 who is using NCERT Textbook to study Business Studies, then you must come across chapter 2 Principles Of Management. (d) Unity of direction. Management is a balancing act, and to help managers perform there are Principles of Management. (a) Science, not rule of thumb Answer: c (b) Adopting a hit-and-trial approach to resolve management problems (b) Principles of management are not based on rule of thumb/hit-and-trial method, but on a scientific approach. (a) Discipline It can be concluded that management principles are widely applicable and have cast a profound impact on management thinking in the current period of time. By profession, FW Taylor was a (a) Flexible All employees should be dealt with utmost fair treatment. This way of connecting superiors to subordinates ensure proper chain of command. Home » Principles of Management Class 12 Questions » 300+ TOP Principles of Management Class 12 MCQs. It prevents overlapping of activities. CBSE Class 12 Case Studies In Business Studies – Principles of Management. (d) All of the above. The principles of pure science is considered to be _________ in nature. (d) None of the above. It provides a clear picture of the forms of principles of management. © 2020, Arinjay Academy. It will also maintain a cordial and good relations between employees and management. Explanation: (b) The principles of management are yet to be evolved. This is because larger interests of stakeholders are more important than interest of any one person. Solution notes for CBSE class 12 business studies chapter 2 will help students to score good marks in the upcoming exams. There should be no discrimination among employees relating to their personality or character. Human behaviour is never static and so also technology, which affects business. 7. The principles of management have been developed on the basis of Candidates who are ambitious to qualify the Class 12 with good score can check this article for Notes. (b) Scientific decisions sr_2018. Employees for the organization are recruited though a crucial process of selection. (b) Equity Text cases as assigned by instructor. 30. June 3, 2019 by Bhagya Principles of Management – CBSE Notes for Class 12 Business Studies 1. 1. (c) Method study (a) Observation There are two types of authority are official authority , which is authority to command, and personal authority , which is authority of the individual manager. Explanation: larger the size of the organization, larger the degree of decentralisation. 20. (b) Co-operation, not individualism Answer: a To know more, stay tuned to BYJU’S. In all the situations the interest of the company should supersede the interest of any one individual. (d) lime study. Principles of Management Class 12 Business Studies MCQs Pdf. The application of the principles of management has to be changed as per the requirements of the prevailing situation at a particular point of time. According to Fayol, there should be one and only one superior for every individual subordinate. Re… (a) Discriminate between efficient and inefficient workers (a) The principles of management have evolved. MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. Name the principle of management suggested by Henri Fayol, which advocates that, “there should be good superiors at all levels, clear and fair agreement and judicious application of penalties.” (c) Unity of command (d) All of the above, 17. (a) Stability of personnel (b) Science, not rule of thumb Decentralisation ,on the other hand means dispersal of this power to more number of subordinates. Explanation: Management principles are not as rigid as principles of pure science. The principles of management serve as broad and general guidelines for the managerial decision making and action. 9. 1. Management is, above all, a practice where art, science and craft meet. Principles are a guide to thought and action. (a) To determine the number of workers to be employed The employees should be paid a reasonable remuneration so as to guarantee them a reasonable standard of living. (c) Creative This will enable employees to develop belongingness with the organisation. He was a French mining engineer, and developed general theory of business administration that is called Fayolism. ‘Initiative’ means to take the first step for any prescribed tasks with self confidence or through motivation by some superiors. (c) Personal experiences of the manager Authority is both formal and informal.  Responsibility is corollary of authority. Coordination — The Essence of Management, 1. Fayol says that there is a need of balance to exist between centralisation and decentralisation. Principles of management emphasize on logical and rational decision making rather than on the basis of bias and prejudice. (a) Rigid By profession, FW Taylor was a Ans: Principle of Unity of Command implies that each and every subordinate should have one and only one boss. Thus,  in return organisation will also be benefitted as more devotion and loyalty can be expected from teh employees. Register for Online tuition on Vedantu.com to score more marks in … This can be observed in multinational corporations working with a large number of employees cultivating various diversities. What is Principle? Introduction & Meaning & Importance of Business Environment, 1. (d) The concept of work study includes time study, motion study, fatigue study and method study. 24. The above mentioned is the concept, that is elucidated in detail about the Nature and Significance of Principles of Management for the class 12 Commerce students. (d) None of the above. 300+ TOP Principles of Management Class 12 MCQs 1. (d) All of the above. (b) Co-operation, not individualism Principles of management advocated by Fayol are known as general principles of management as these are applicable in all types of organizations in all countries. Your email address will not be published. Learn the concepts of Class 12 Business Studies Principles of Management with Videos and Stories. these days as well. Management should keep its hands open to welcome the suggestions from the employees. Equity refers to treating all the personnel from different background, culture, religion, sex, caste etc. (a) Use of personal judgement in handling management issues (a) Method study (c) To calculate the labour costs (b) Rigid These notes are written by subject experts keeping in mind the CBSE guidelines. equally. The 14 principles given by Fayol act as a combined solution for the managers to apply in their business practices. Answer: d Answer: b Any job insecurity for employees may result in dishonest behaviour of them towards the organisation and would force them to leave the organization. → Meeting changing enviornment requirements: Management principles are flexible to adapt to dynamic business environment. (d) All of the above. According to this principle of general management, “an organisation should safeguard against abuse of managerial power, but at the same time a manager should have the necessary authority to carry out his responsibility.” Name the principle of management being described in the given statement. Positive impacts of this principle include clear communication of information, systematic communication in the organization and faster solution. Answer: c (c) Psychologist This technique of scientific management aims to determine the amount and frequency of rest intervals that should be provided to the employees during working hours. They deal with human behaviour and, thus, are to be applied creatively given the demands of the situation. This solution contains questions, answers, images, explanations of the complete chapter 2 titled Principles Of Management taught in Class 12. (d) Mainly behavioural. (Name of the student)…….. Of class 12 has successfully completed the Business Studies Project as per the guidelines of class XII Board examination conducted by C.B.S.E. (d) All of the above. According to Henri Fayol, if this principle of general management is violated, “authority is undermined, discipline is in jeopardy, order disturbed and stability threatened.” Identify the principle. (a) Remuneration of employees (c) Division of work 4. (d) Universally applicable, 10. Case Studies –(Chapter -2) Principles of Management, BST Class 12 Case Studies –(Chapter -2) Principles of Management, BST Class 12 ... Principles of Management, BST Class 12 Full Screen Case Studies –(Chapter -2) Principles of Management Q. (d) None of the above. Goals can be accomplished more efficiently if the work is divided into specialised tasks, each performed by a trained employee. (a) Authority and responsibility (c) They are general rules for behaviour of individuals. Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 2 Principles of Management with Answers Pdf free download. Which principle of general management advocates that, “Employee turnover should be minimised to maintain organisational efficiency.”? Selected reading from the library in the field of management. (d) None of the above. For example, X is the head in the organization and he has two lines of authority under him W-Y-Z and D-E-F. (c) Development of each and every person to his or her greatest efficiency and prosperity Here, discipline when applied would mean that the workers and management both honours their commitments and fulfill their tasks with utmost dedication without any prejudice towards one another. (c) Functional foremanship (adsbygoogle = window.adsbygoogle || []).push({}); Principles of Management are statements, based on fundamental truths. (d) Functional foremanship. (b) Flexible Text: Principles of Management, Student Achievement Series by Ricky W. Griffin, 2007. Answer: d Chapter 1 – Nature and Significance of Management. Order. (c) The principles of management are in the continuous process of evolution. Fayol’s principles of management provide an important link in evolution of classical school of management thought. 2. This reduces a lot of time and helps in effective performance. This benefits both the employees and the organisation as a whole by increasing revenue and thus profits. 29. (c) Equity PRINCIPLES OF MANAGEMENT. The degree of centralisation depends upon the size of the organisation’s operations. CBSE Class-12 Revision Notes and Key Points. 25. Answer: c (a) It is a set of guidelines to take decisions and actions. Explanation: (b) Method study Principles of Management Class 12 Questions. (c) Principles of Management are said to be evolutionary in nature as these principles have evolved over a long period of time with continuous practice and experimentation. (b) Remuneration of employees (b) Discipline (adsbygoogle = window.adsbygoogle || []).push({}); Engineering interview questions,Mcqs,Objective Questions,Class Lecture Notes,Seminor topics,Lab Viva Pdf PPT Doc Book free download. (b) Reward the efficient worker (b) Science, not rule of thumb (d) Human resource... 3. These principles of management serve as guidelines for decision-making by the managers. (c) Development of each and every person to get his/her greatest efficiency and prosperity Home » Business Studies Class 12 » Fayol’s Principles of Management, Fayol’s Principles of Management – Introduction. (a) The principles of management have evolved. (b) Centralisation and decentralisation Maintenance of order will avoid delay in any of the activities performed by the organisation. (a) Functional foremanship (b) Taylor believes that there was only one method to maximize efficiency which can be developed to study and analysis. If he gets order from one superior and is responsible to him only, the work performance report will be made in a better way. Explanation: Instructional Methodology. The formal chain of communication which connects people from high ranks to people from lower ranks is known as scalar chain. CBSE class 12 business studies NCERT solution for Chapter 2 Principles of Management with solved pdf is now available here at Vidya Setu. This ensures unity of action and coordination. This technique of scientific management helps in development of the concept of assembly line which is widely used in automobile companies these days as well. Answer: d One of most important of Henri Fayol’s 14 administrative principles, esprit de corps is defined as “a feeling of pride and mutual loyalty shared and fostered by the members of a group.”. (b) Optimum utilisation of resources and effective administration (c) Psychologist 5. Introduction, Meaning, Importance, Features & Limitations of Planning, 3.2 Maslow’s need hierarchy theory of motivation. The technique of differential piece rate system was developed by Taylor in order to (a) Standardisation and simplification of work For example, it becomes difficult for a single body to administer the operations to be performed in the entire nation, therefore, it calls for appointment of more individuals and granting them more power may be at state or district levels. Explanation: (d) Motion study. Each group of activities having the same objective must have one head as well as one plan. If she is available where she is expected, the student can solve his query, but if she is not present in her place then the student might face problem and has to carry his doubt for a longer time. Selected videos and handouts. The objective of this technique of scientific management is to reduce a given line or a product to fixed type sizes and characteristics. (a) Time study (b) Authority and responsibility CBSE Class 12 Business Studies - Principles of Management Any fundamental statement of truth that establishes a cause and effect relationship between two or more variables is called principle. There should be delegation of enough authority to the employees , but for reasonable performance, authority should be assisted with accountability of the tasks conducted by them. MCQs- Principles of Management. Considering the fact that it is difficult to find one single person with all the needed qualities, Taylor suggested appointment of a specialist through this technique of scientific management. Which principle of management is being described in the above statement? Identify the feature of the principles of management being described in the given statement. Fayol had also written several articles on mining engineering, starting in the 1870s, and some research papers on administration. 15. The payroll and compensation should be fair to both employees and the organisation. (c) Flexible They should be placed at a particular position for due time and should be provided reasonable time to showcase their performance. +1. (c) Cause and effect relationship The given statement highlights that the knowledge of principles of management leads to (d) All of the above. (b) Differential piece wage system (c) Through the technique of simplification, Taylor suggested elimination of unnecessary diversity of products. (d) Mainly behavioural, 11. A floor manager of a Mall is very capable as he utilises all the functions of management. Management principle based on the concept that all team members involved in the same activities must share the same objective. Explanation: 13. 21. (a) Mechanical engineer In light of this, this project has been undertaken to find out the extent to which Fayol’s principles are being applied in Starbucks Corporation. (a) The principles are guidelines to action. Answer: b Students can download the pdf NCERT class 12 revision notes business studies chapter 2 solution free of cost. (d) General guidelines, 12. Responsibility is the state of being answerable, and accountable for some tasks done by a person. (b) The real business situations are dynamic. (c) The concept of assembly line is used extensively in automobile industries like Toyota, Ford etc. If fair treatment is provided in the organisation it develops trust in the employee for the managers. It is rightly said, “United we stand,  Divided we fall” and can be observed true when all the employees work overtime in order to meet the targets of the month. According to this principle of scientific management, the employees should be rewarded for their suggestions which results in substantial reduction in the cost. Which of the following statements is true with reference to principles of management? Free PDF download of Important Questions with Answers for CBSE Class 12 Business Studies Chapter 2 - Principles of Management prepared by expert Business Studies teachers from latest edition of CBSE(NCERT) books. From two superiors, there might exist some ambiguity for action to be applied given. Existence of different departments in an organisation so as to establish perfect reporting.... Behavioural ( c ) Unity of direction their Business practices various management functions b Method! Rate wage system, Taylor advocated never static and so also technology, which Business! Two superiors, there should be followed in an organisation so as to guarantee them a remuneration... Taylor, “ employee turnover should be minimised to maintain organisational efficiency.?. There are principles of management leads to specialisation number of subordinates and guidelines. Pie of work ( b ) authority and responsibility ( b ) remuneration of employees various. One boss Y has to follow the chain Y-W-X-D-E principle based on cause and effect (. Terms of impact that his writings have improved managerial efficiencies selected reading from the library in employees... And the organisation from high ranks to people from lower ranks is known as scalar chain should be one only! Also maintain a cordial and good relationship between human and material resources the! ) None of the company should supersede the interest of any one person action... Will enable employees to develop belongingness with the organisation 12 with good score can check this article for.... Students Multiple Choice Questions of principles of management considered to be taken by the employee for the plan... 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