Business Studies

Principles of Management

Medium

The significance of Principles of Management can be highlighted by:

(A) Optimal procurement of cheap resources and justifiable administration

(B) Providing managers with ready-made solutions to all the problems

(C) Meeting the static environmental requirements

(D) Help in taking scientific decisions

Choose the correct answer from the options given below:

(A) and (D) only

(B) and (C) only

(D) only

(B) only

✅ Correct Option: 3

NCERT lists 'optimum utilisation of resources and effective administration' as a significance of management principles. Statement (A) changes this to 'optimal procurement of cheap resources and justifiable administration', so it is not the NCERT point. Principles also do not give ready-made solutions, and they help managers adapt to a changing, not static, environment. Helping managers take scientific decisions is correct. Therefore, (D) only is correct.

2022: 30 Aug Shift 1

Match the items of List - I with the corect items of List - II.

List - I	List - II
(a) Science not rule of thumb	(i) Managers served as a link between owners and workers
(b) Harmony, not discord	(ii) Developed through study and analysis
(c) Cooperation not individualism	(iii) One best way to doing the job
(d) Method study	(iv) Complete Cooperation between the Labour and Management

Choose the correct answer from the options given below :

2025: 30 May Shift 2

Match List-I with List-II

List-I	List-II
Principle of Management	Explanation
(A) Harmony, Not Discord	(I) Scientific selection of the workers
(B) Cooperation, Not Individualism	(II) Management and workers should realise that each one is important.
(C) Replacing the Rule of Thumb with Science	(III) Competition should be replaced by cooperation, by realizing that they need each other.
(D) Development of Workers	(IV) Scientific methods are used by unifying the best practices and developing a standard method.

Choose the correct answer from the options given below:

2025: 31 May Shift 1

"Ashima believed that the employees should be scientifically selected and adequate training should be given to increase their efficiency". Name the principle of scientific management highlighted in this statement?

2025: 13 May Shift 1

Match List-I with List-II

List-I	List-II
Principles	Statement
---	---
(A) Equity	(I) To ensure obedience to organizational rules
(B) Unity of direction	(II) Kindliness and justice in the behavior of managers towards workers
(C) Order	(III) A group of activities with common objectives must have one head and one plan
(D) Discipline	(IV) Every employee must be in his appointed place

Choose the correct answer from the options given below:

2026: 21 May Shift 1

"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:

2023: 29 May Shift 2

Cutting down the cost but not achieving the target production is an example of:

Solution

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