"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:

"A sales manager has to negotiate a deal with a buyer. She finds that if she can offer a credit period of 60 days, she is likely to clinch the deal which is supposed to fetch the company a net margin of say Rs. 50 crores. The company entrusts her the task of clinching the deal but gives her power to offer a credit period of only 40 days". Identify the principle of management violated in the aforesaid statement.

"Science, Not Rule of Thumb" principle is related to following:

A. Applying the trial and error approach as per manager's expertise when a problem occurs.

B. There is only one best way to maximize efficiency.

C. Investigate traditional methods by work-study.

D. Developing the standard method.

Choose the correct answer from the options given below:

Investigators revealed the information that…

F.W. Taylor was prompted to suggest functional foremanship through eight specialists. They are

(A) Inspection clerk

(B) Route clerk

(C) Discipline and speed clerk

(D) Time and cost clerk

Choose the correct answer from the options given below:

"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.

There is one head 'A' who has two lines of authority under her/ him. One line consists of B-C-D-E-F. Another line of authority under 'A' is L-M-N-O-P. If 'E' has to communicate with 'O' who is at the same level of authority then she/he has to traverse the route E-D-C-B-A-L-M-N-O. This is due to the principle of _______.