Answer: c This reduces a lot of time and helps in effective performance. According to Henri Fayol, if this principle of general management is violated, “authority is undermined, discipline is in jeopardy, order disturbed and stability threatened.” Identify the principle. We have provided Nature and Significance of Management Class 12 Business Studies MCQs Questions with Answers to help … Discuss the fayol's POM; Elaborate on the difference between Unity of command and direction; Discuss the 14 POM given by him. The principles of pure science is considered to be _________ in nature. ‘Rule of thumb’ refers to (d) All of the above. (a) Stability of personnel Answer: c 29. According to Fayol, there should be one and only one superior for every individual subordinate. Goals can be accomplished more efficiently if the work is divided into specialised tasks, each performed by a trained employee. (a) Rigid (c) Standardisation and simplification of work (d) None of the above. The formal chain of communication which connects people from high ranks to people from lower ranks is known as scalar chain. The principles of management serve as broad and general guidelines for the managerial decision making and action. (d) None of the above. (c) The principles act as general guidelines. Principles of management can be modified by the manager when the situation demands. According to Taylor, “each specialist is to be assigned work according to his/her qualities, the employees who possess technical mastery should be involved in planning work whereas those with energy and good health may be assigned execution work.” Name the related principle of scientific management. 7. Explanation: There is need for patient superiors at all levels, so that they can guide other employees at the right time along with strict action to be taken, if required. (d) All of the above. The principle of order ensures availability of right person at the right job and right thing at the … (c) Unity of command (b) Co-operation, not individualism Explanation: (d) Universally applicable, 10. Introduction & Meaning & Importance of Business Environment, 1. Which of the following statements is true with reference to principles of management? Case Studies –(Chapter -2) Principles of Management, BST Class 12 Case Studies –(Chapter -2) Principles of Management, BST Class 12 ... Principles of Management, BST Class 12 Full Screen Case Studies –(Chapter -2) Principles of Management Q. (a) Discipline Fayol says that there is a need of balance to exist between centralisation and decentralisation. 24. sr_2018. Explanation: Students of class 12 who have opted for Commerce can refer to class 12 notes principles of management pdf and begin their preparations for their final exams. The principles of management have been developed on the basis of (d) None of the above. +1. (b) To formulate suitable incentive schemes (a) The principles of management have evolved. (c) The concept of assembly line is used extensively in automobile industries like Toyota, Ford etc. (a) To determine the number of workers to be employed larger the size of the organization, larger the degree of decentralisation. A trained specialist who is competent to perform a particular aspect of work is assigned the same and it ultimately leads to specialisation. (d) lime study. Therefore, a modification named Gang Plank is introduced to cope up in an emergency wherein managers at same level can connect to each other directly without following the long chain of communication. Free PDF download of Important Questions with Answers for CBSE Class 12 Business Studies Chapter 2 - Principles of Management prepared by expert Business Studies teachers from latest edition of CBSE(NCERT) books. 6. (b) Flexible In all the situations the interest of the company should supersede the interest of any one individual. (a) According to Fayol, due care should be taken while carrying out the recruitment and selection process and the new recruits should be placed at a particular position for a sufficient tenure. According to Taylor, “even a small production activity like loading figures of iron into boxes can be scientifically planned and managed. Principles of Management Class 12 Business Studies MCQs Pdf. Required fields are marked *. Re… Engineering 2021 , Engineering Interview Questions.com. (d) Human resource officer, 3. equally. (d) Unity of direction. (d) All of the above. Nature and Significance of Management class 12 Notes Business Studies. Name the principle of management suggested by Henri Fayol, which advocates that, “there should be good superiors at all levels, clear and fair agreement and judicious application of penalties.” (b) Through the principle of authority and responsibility, Taylor advocated that there should always be a balance between the authority granted and the • responsibility entrusted to an employee. Register for Online tuition on Vedantu.com to score more marks in … Any job insecurity for employees may result in dishonest behaviour of them towards the organisation and would force them to leave the organization. (c) Fatigue study Explanation: These notes are written by subject experts keeping in mind the CBSE guidelines. (b) The real business situations are dynamic. Home » Principles of Management Class 12 Questions » 300+ TOP Principles of Management Class 12 MCQs. Standardisation and Simplification of work. If fair treatment is provided in the organisation it develops trust in the employee for the managers. Equity refers to treating all the personnel from different background, culture, religion, sex, caste etc. (c) Because they are applied in an absolute or in a static manner. Explanation: There should be no discrimination among employees relating to their personality or character. 27. (d) None of the above, 14. The employees should be paid a reasonable remuneration so as to guarantee them a reasonable standard of living. Team members all work towards a common goal using the same plan to reach the shared objective. (d) The correct answer is fatigue study. Which of the following statements is true with reference to principles of management? Answer: c Answer: d (b) The principles denote a cause and effect relationship. He is also regarded as ‘Father of General Management’. The payroll and compensation should be fair to both employees and the organisation. His contribution must be interpreted in terms of impact that his writings have improved managerial efficiencies. Moreover, the working of the company will be smooth. CBSE Class 12 Case Studies In Business Studies – Principles of Management. (a) It is a set of guidelines to take decisions and actions. Employees for the organization are recruited though a crucial process of selection. Management is, above all, a practice where art, science and craft meet. (c) The application of principle of division of work enables an employee to gain proficiency in work by doing it repetitively over a period of time. (d) All of the above, 23. They should be placed at a particular position for due time and should be provided reasonable time to showcase their performance. (c) Universally applicable Management principles are not as rigid as principles of pure science. This solution contains questions, answers, images, explanations of the complete chapter 2 titled Principles Of Management taught in Class 12. This enables the managers to complete their tasks in shorter period of time, especially in case of emergency. Text: Principles of Management, Student Achievement Series by Ricky W. Griffin, 2007. ALL INDIA SENIOR SECONDARY CERTIFICATE EXAMINATION – 2014-15 Project Of Business Studies PRINCIPLES OF MANAGEMENT SUBMITTED TO: AMIT RAJPUT (P.A Commerce) DPS SUBMITTED BY:YASH AGARWAL XII- … 300+ TOP Principles of Management Class 12 MCQs 1. The given statement highlights that the knowledge of principles of management leads to It will also maintain a cordial and good relations between employees and management. (c) Functional foremanship There should be delegation of enough authority to the employees , but for reasonable performance, authority should be assisted with accountability of the tasks conducted by them. that efficient workers should be paid at a higher rate as compared to inefficient workers. (b) Co-operation, not individualism 2. Moreover, it would become a recurring expenditure for the organization to recruit the personnel time and again. (a) Remuneration of employees 5. MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. Principles of management emphasize on logical and rational decision making rather than on the basis of bias and prejudice. The application of the principles of management has to be changed as per the requirements of the prevailing situation at a particular point of time. Answer: b This can result in tremendous savings of human energy as well as wastage of time and materials.” Identify the related principle of scientific management. The principles of management enhance the understanding of relationship between human and material resources for the achievement of organisational goals. This technique of scientific management helps in development of the concept of assembly line which is widely used in automobile companies these days as well. Which of the following statements best defines the techniques of management? (b) Science, not rule of thumb 1. (a) Flexible This statement implies that the principles of management are One of most important of Henri Fayolâs 14 administrative principles, esprit de corps is defined as âa feeling of pride and mutual loyalty shared and fostered by the members of a group.â. According to this principle of scientific management, the employees should be rewarded for their suggestions which results in substantial reduction in the cost. This motivates the employees to initiate and take part in programmes conducted by the organisation. Principles of management | business studies | class 12 | part 2Must like n share the video guys..! (a) Authority and responsibility (b) Motion study They deal with human behaviour and, thus, are to be applied creatively given the demands of the situation. Type: public Company Industry: Restaurants Founded Mc Donalds Corporation, April 15, 1955 in Desplaines, Illinois. Fayol had also written several articles on mining engineering, starting in the 1870s, and some research papers on administration. March 22, 2019. (a) Science, not rule of thumb (c) Harmony, not discord (d) None of the above. (b) Scientific decisions (a) Discriminate between efficient and inefficient workers (c) Equity If there is a place fixed for each and everything and every person, then there will be no obstacles in the way.Â For example, if a teacher in school os expected to be in staff room in her free periods,Â then it makes no sense for a student searching for her somewhere else. NCERT Solution for Class 12 Business Studies Chapter 2 – Principles of Management. (c) Creative This way of connecting superiors to subordinates ensure proper chain of command. Selected magazine articles on management. All the units of an organization should move towards the same objective through coordinated and dedicated efforts. Management should keep its hands open to welcome the suggestions from the employees. (c) They are general rules for behaviour of individuals. Explanation: Management principle based on the concept that all team members involved in the same activities must share the same objective. (c) Unity of command Founder(s): Richard and Maurice Mc Donalds (Mc donalds Restaurant Concept) Ray Kroc (Mc Donalds corporation founder) Headquarters: Mc Donalds Plaza, located in Oka Brook, Illinois, U.S. No of locations: 33,000+ worldwide Products: Fast food e.g hamburger, french fries, soft drinks, coffee, milk shakes, etc. Which of the following statements is true with reference to principles of management? A floor manager of a Mall is very capable as he utilises all the functions of management. Chapter 1 – Nature and Significance of Management. The principles of management do not provide readymade straight jacket solutions to all management problems because MCQs- Principles of Management. These are famous words by Henry Mintzberg. (b) Authority and responsibility The whole pie of work is divided into several pieces to grab them easily. NCERT Solutions for Class 12 Business Studies Chapter 2 Principles of Management. Answer: c So stability of personnel should be maintained in an organisation as it is considered healthy for growth and prosperity of the business. (c) Meeting changing environmental requirements (a) General guidelines Answer: a Your email address will not be published. It is necessary to achieve organizational goals on time and through minimum cost. The above mentioned is the concept, that is elucidated in detail about the Nature and Significance of Principles of Management for the class 12 Commerce students. (a) Contingent Responsibility is the state of being answerable, and accountable for some tasks done by a person. (b) Differential piece wage system This will ensure friendly atmosphere and good relationship between workers and management. This will also ensure coordination among various departments. (a) Cause and effect relationships To know more, stay tuned to BYJU’S. Human behaviour is never static and so also technology, which affects business. (c) Motivate the inefficient workers to perform better (b) Equity Explanation: For example, it becomes difficult for a single body to administer the operations to be performed in the entire nation, therefore, it calls for appointment of more individuals and granting them more power may be at state or district levels. (c) Cause and effect relationship June 3, 2019 by Bhagya Principles of Management – CBSE Notes for Class 12 Business Studies 1. There are two types of authority are official authority , which is authority to command, and personal authority , which is authority of the individual manager. (a) Science, not rule of thumb According to this principle of scientific management, “Scientific management has for its foundation the firm conviction that true interest of the management and workers are one and the same; the prosperity for the employer cannot exist for a long time unless it is accompanied by prosperity for the employees and vice versa.” (a) Discipline (c) Psychologist (c) Personal experiences of the manager (a) The principles of... 2. Management is a balancing act, and to help managers perform there are Principles of Management. Considering the fact that it is difficult to find one single person with all the needed qualities, Taylor suggested appointment of a specialist through this technique of scientific management. They emphasise logic rather than blind faith. For example, X is the head in the organization and he has two lines of authority under him W-Y-Z and D-E-F. The interests of the organisation should be considered superior as compared to individual person’s objective.Â All the employees come from different background and with different objectives which may sometimes be different from that of the organisation as a whole. Your email address will not be published. (c) Through the technique of simplification, Taylor suggested elimination of unnecessary diversity of products. Fayol’s principles of management provide an important link in evolution of classical school of management thought. Thus,Â in return organisation will also be benefitted as more devotion and loyalty can be expected from teh employees. Learn the concepts of Class 12 Business Studies Principles of Management with Videos and Stories. (d) All of the above, 17. In this post we are sharing with you ,PRINCIPLES OF MANAGEMENT PROJECT ON BIG BAZAAR, for class 12 CBSE .This is a brief outline of the project , you can download complete project for free from the link below . The technique of differential piece rate system was developed by Taylor in order to (d) Through the technique of differential piece rate wage system, Taylor advocated . Selected reading from the library in the field of management. What is Principle? (a) Method study (a) The principles are guidelines to action. Discipline is the obedience to organisational rules, regulations and employment agreement which are necessary for the working of an organisation. All employees should be dealt with utmost fair treatment. (b) Method study Related Read: Check Business Studies Syllabus For Class 12. As it is a trait of intelligent persons, it should be inculcated in the employees of the organisation. This ensures unity of action and coordination. (d) The correct answer is Discipline. This statement reflects that the principles of management are Selected videos and handouts. This can be observed in multinational corporations working with a large number of employees cultivating various diversities. 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