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), (B) and (C) only

(B) and (D) only

(D) only

(A), (B), (C) and (D)

✅ Correct Option: 3

The significance of management principles lies in providing useful insights into reality, optimum utilisation of resources and effective administration, scientific decisions, meeting changing environmental requirements and fulfilling social responsibility. (A) distorts this as 'cheap resources', (B) is wrong since principles are guidelines and not ready-made solutions, and (C) wrongly says 'static' instead of changing environment. Only (D), help in taking scientific decisions, is correct.

2023: 29 May Shift 2

"Later he grouped the similar natured activities into different units"

Identify the step highlighted in the above line in the organisation process

2025: 30 May Shift 1

The main elements of Scientific Management are:

(A) Functional or specialised supervision

(B) Standardisation of work methods

(D) Coordinate with employees to ensure implementation of professionalism

Choose the correct answer from the options given below:

2025: 3 June Shift 1

Which of the following is NOT related to the significance of Principles of Management?

2025: 13 May Shift 2

Who is known as the father of general management?

2025: 3 June Shift 1

Match List-I with List-II

List-I	List-II
Principles of Scientific Management	Explanation
(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:

2025: 15 May Shift 2

"When the business was doing well, she honored her commitment by giving a bonus to her employee". Identify the Principle of Management here.

Solution

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