CUET Business StudiesBusiness Studies > MediumProvides directionReduces risks of uncertaintyReduces overlapping and wasteful activitiesFacilitates decision making✅ Correct Option: 4Related questions: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:3 June Shift 1Match List-I with List-II List-IList-IIPrinciples of Scientific ManagementExplanation(A) Science not Rule of Thumb(I) Use of the method of scientific inquiry into the domain of management practice.(B) Harmony, Not Discord(II) No conflict between managers and workers.(C) Cooperation, Not Individualism(III) Industrial efficiency depends to a large extent on personnel competencies.(D) Development of Each and Every person to his or her greatest efficiency and prosperity(IV) There should be an equal division of work and responsibility between workers and management. Choose the correct answer from the options given below:26 May Shift 2Match List-I with List-II List-IList-IIFayol' PrinciplePurpose(A) Division of Work(I) To produce more and secure better performance with the same effort.(B) Order(II) To emphasize the need for teamwork.(C) Equity(III) To ensure everything is at its appointed place.(D) Esprit de corps(IV) To promote equality of treatment while dealing with people. Choose the correct answer from the options given below: