Identify the Principle of Management where Taylor pioneered the introduction of method of scientific inquiry into the domain of management practice.

A finance manager was asked to pitch an offer to an automobile firm to buy some equity. The CEO and General Manager had different opinions on the percentage of the equity that should be acquired. The finance manager was in a dilemma and could not close the deal. Which principle is violated here?

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?

The following are techniques of Scientific Management, except:

1. Functional foremanship
2. Standardisation
3. Differential piece wage system
4. Initiative

"She divided the work in smaller units and each employee is well trained to perform his/her work efficiently".

Which Principle of Management is followed here?

Planning is an intellectual process that requires logic rather than wishful thinking. Which feature of planning is highlighted by the statement?

"A sales person is asked to clinch a deal with a buyer and is allowed to be given a $10\\%$ discount by the marketing manager. But the finance department tells her/ him not to offer more than a $5\\%$ discount". Identify the principle of management violated in the aforesaid statement.