Work must be divided into small tasks. A competent specialist is required to perform each job. Identify the principle of management.

Which of the following statements is true regarding the nature of Principles of Management:

The aim of which technique given by F.W. Taylor is to reduce a given line or a product to fixed types, sizes and characteristics?

According to Taylor, is an extension of the principle of division of work and specialisation to the shop floor.

Identify the principle of management which emphasizes on creating place for people and things.

"Standardisation refers to the process of setting standards for every business activity; it can be standardisation of process, raw material, time, product, machinery, methods or working conditions". The phenomenon of standardisation was specified by:

"Employees deserve fair and just remuneration. But what is just and fair is determined by multiple factors. They include the contribution of the employee, the paying capacity of the employer and also the prevailing wage rate for the occupation under consideration."

The nature of principles of management depicted in the above is: