CUET Business StudiesBusiness Studies > MediumProvides directionReduces risks of uncertaintyReduces overlapping and wasteful activitiesFacilitates decision making✅ Correct Option: 4Related questions:13 May Shift 2The management principles given by F W Taylor are scientific in nature whereas management principles given by Henry Fayol are _________ in nature.29 May Shift 2Match List-I with List-II List-IList-II(Fayol's principles)(Explanation)(A) Equity(I) Employee turnover should be minimized to maintain organizational efficiency.(B) Order(II) Management should promote a team spirit of unity and harmony among employees.(C) Stability of Personnel(III) Good sense and experience are needed to ensure fairness to all employees, who should be treated as fairly as possible.(D) Esprit De Corps(IV) People and materials must be in suitable places at the appropriate time for maximum efficiency. Choose the correct answer from the options given below:15 May Shift 1The application of principles of management is dependent upon the prevailing situation and has to be changed as per requirements. This defines which nature of principle of management?