(c) Personal experiences of the manager If fair treatment is provided in the organisation it develops trust in the employee for the managers. (c) Order Type: public Company Industry: Restaurants Founded Mc Donalds Corporation, April 15, 1955 in Desplaines, Illinois. This may sometimes lead to distortion of information from one person to another and may also result the process to be delayed. (b) Co-operation, not individualism Required fields are marked *. (b) Adopting a hit-and-trial approach to resolve management problems Management is a balancing act, and to help managers perform there are Principles of Management. (b) Taylor believes that there was only one method to maximize efficiency which can be developed to study and analysis. Solution notes for CBSE class 12 business studies chapter 2 will help students to score good marks in the upcoming exams. Students can download the pdf NCERT class 12 revision notes business studies chapter 2 solution free of cost. All the units of an organization should move towards the same objective through coordinated and dedicated efforts. (c) Division of work They deal with human behaviour and, thus, are to be applied creatively given the demands of the situation. Authority is both formal and informal.  Responsibility is corollary of authority. Specifically for Business Studies CBSE Class 12 Students Multiple Choice Questions of Principles of Management. Home » Business Studies Class 12 » Fayol’s Principles of Management, Fayol’s Principles of Management – Introduction. (c) Formed by practice and experimentation (b) Equity Your email address will not be published. (d) Order. Explanation: (a) The principles of management have evolved. MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. Explanation: (a) Time study (c) Subordination of individual interest to general interest (a) Harmony, not discord Candidates who are ambitious to qualify the Class 12 with good score can check this article for Notes. Which feature of the principles of management is being described in the given statement? (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 . (c) Harmony, not discord 29. Answer: d By profession, FW Taylor was a Moreover, the working of the company will be smooth. He said that if this principle is violated, “authority is undermined, discipline is in jeopardy, order disturbed and stability threatened”. 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. The principles of management enhance the understanding of relationship between human and material resources for the achievement of organisational goals. It will also maintain a cordial and good relations between employees and management. Home » Principles of Management Class 12 Questions » 300+ TOP Principles of Management Class 12 MCQs. Explanation: (d) All of the above. (a) Authority and responsibility 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. (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. If an employee gets orders from two superiors ,there might exist some ambiguity for action to be taken by the employee. So stability of personnel should be maintained in an organisation as it is considered healthy for growth and prosperity of the business. Text cases as assigned by instructor. (d) All of the above. (b) The real business situations are dynamic. (d) The correct answer is fatigue study. Explanation: They emphasise logic rather than blind faith. (a) The principles of... 2. 27. MCQs- Principles of Management. Employee turnover should be minimized to maintain efficiency and effectiveness in the organization. This statement implies that the principles of management are This will ensure friendly atmosphere and good relationship between workers and management. 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. these days as well. provides us with a brief introduction to the concepts. (c) Both of the above These principles of management serve as guidelines for decision-making by the managers. Fayol’s principles of management provide an important link in evolution of classical school of management thought. Principles of Management Class 12 Questions. PRINCIPLES OF MANAGEMENT. … Authority is the right to give orders to subordinates and obtain obedience from their in their work. (b) Contingent (d) General guidelines, 12. Which of the following is an objective of time study? According to this principle of general management, “an organisation should safeguard against abuse of managerial power, but at the same time a manager should have the necessary authority to carry out his responsibility.” Name the principle of management being described in the given statement. (c) To calculate the labour costs – It reflects to a statement that reflects the fundamental verity about some factor based on cause and effect kinship. Coordination — The Essence of Management, 1. +1. This reduces a lot of time and helps in effective performance. Answer: b The formal chain of communication which connects people from high ranks to people from lower ranks is known as scalar chain. (d) lime study. (d) Esprit De Corps. (b) Mining engineer Responsibility is the state of being answerable, and accountable for some tasks done by a person. He lays … “Unity is Strength” is the principle which should be practised main the people working for the organisation. (b) Centralisation and decentralisation Henri Fayol was able to frame 14 principles of management after due deliberation. CBSE class 12 business studies NCERT solution for Chapter 2 Principles of Management with solved pdf is now available here at Vidya Setu. Human behaviour is never static and so also technology, which affects business. 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. ... Project on Principles of management-Business studies project work Ravi Singh. Register for Online tuition on Vedantu.com to score more marks in … 1. larger the size of the organization, larger the degree of decentralisation. (a) Stability of personnel 1. (a) Science, not rule of thumb Which of the following statements is/are true with reference to principles of management? (b) Authority and responsibility (c) Psychologist (d) All of the above. (c) Equity It is further certifying that this project is the individual and bonafide work of the candidate. Answer: c Principle of Managment CBSE Class 12th 1. Moreover, it would become a recurring expenditure for the organization to recruit the personnel time and again. The principle of order ensures availability of right person at the right job and right thing at the right place. Answer: d (a) General guidelines Answer: d Unit Number 319, Vipul Trade Centre, Sohna Road, Gurgaon, Sector 49, Gurugram, Haryana 122018, India, Monday – Friday (9:00 a.m. – 6:00 p.m. PST) Saturday, Sunday (Closed), 7. (c) Motivate the inefficient workers to perform better If there is a place fixed for each and everything and every person, then there will be no obstacles in the way.  For example, if a teacher in school os expected to be in staff room in her free periods,  then it makes no sense for a student searching for her somewhere else. (a) Method study 24. Selected magazine articles on management. (d) None of the above. (d) All of the above, 23. (b) The principles of management are yet to be evolved. (b) Remuneration of employees (a) Time study This statement reflects that the principles of management are (b) Flexible Explanation: 5. © 2020, Arinjay Academy. What is Principle? Ans: Principle of Unity of Command implies that each and every subordinate should have one and only one boss. Answer: c This benefits both the employees and the organisation as a whole by increasing revenue and thus profits. The principles of pure science is considered to be _________ in nature. Learn the concepts of Class 12 Business Studies Principles of Management with Videos and Stories. (b) Differential piece wage system (b) It is a procedure which involves a series of steps to be taken. Maintenance of order will avoid delay in any of the activities performed by the organisation. (b) Science, not rule of thumb There should exist proper balance between authority and reponsibility. Explanation: (a) It is a set of guidelines to take decisions and actions. → Meeting changing enviornment requirements: Management principles are flexible to adapt to dynamic business environment. It is reflected in the progress of large brands who through their work environment and atmosphere have touched the heights of success. (a) Discriminate between efficient and inefficient workers Answer: c Answer: c According to this principle of scientific management, the employees should be rewarded for their suggestions which results in substantial reduction in the cost. (d) None of the above. 9. For example, a box where employees can put in their suggestions in form of a chit either anonymously or disclosing their name , and the management can read all the suggestions time to time. (a) Providing managers with useful insight into reality 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. 25. Principles of management advocated by Fayol are known as general principles of management as these are applicable in all types of organizations in all countries. All employees should be dealt with utmost fair treatment. 300+ TOP Principles of Management Class 12 MCQs 1. Fayol’s work became famous with the 1949 publication of “General and industrial administration”, the English translation of the 1916 article “Administration industrielle et générale”. (d) None of the above. Identify the technique. Instructional Methodology. (c) Creative Fayol and Taylor have a set of such principles that provide managers with a guideline. One of most important of Henri Fayol’s 14 administrative principles, esprit de corps is defined as “a feeling of pride and mutual loyalty shared and fostered by the members of a group.”. (b) According to Fayol, there should be one and only one boss for every individual employee and dual subordination should be avoided. that efficient workers should be paid at a higher rate as compared to inefficient workers. Identify the technique. 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 degree of centralisation depends upon the size of the organisation’s operations. Nature and Significance of Management class 12 Notes Business Studies. This will enable employees to develop belongingness with the organisation. (d) Mainly behavioural, 11. All rights reserved. 20. Answer: b (a) Science, not rule of thumb CBSE Class 12 Business Studies - Principles of Management Any fundamental statement of truth that establishes a cause and effect relationship between two or more variables is called principle. 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. (a) The principles of management have evolved. (d) Mainly behavioural. Related Read: Check Business Studies Syllabus For Class 12. The employees should be paid a reasonable remuneration so as to guarantee them a reasonable standard of living. It is rightly said, “United we stand,  Divided we fall” and can be observed true when all the employees work overtime in order to meet the targets of the month. 7. (a) Functional foremanship (c) Method study (a) Standardisation and simplification of work Which of the following statements is true with reference to principles of management? (b) The principles of management are yet to be evolved. (b) Co-operation, not individualism (b) Scientific decisions (b) Mainly behavioural A floor manager of a Mall is very capable as he utilises all the functions of management. Thus,  in return organisation will also be benefitted as more devotion and loyalty can be expected from teh employees. (d) Universally applicable, 10. Decentralisation ,on the other hand means dispersal of this power to more number of subordinates. Discipline is the obedience to organisational rules, regulations and employment agreement which are necessary for the working of an organisation. (c) Unity of command This motivates the employees to initiate and take part in programmes conducted by the organisation. Answer: b A trained specialist who is competent to perform a particular aspect of work is assigned the same and it ultimately leads to specialisation. Positive impacts of this principle include clear communication of information, systematic communication in the organization and faster solution. Principles of management | business studies | class 12 | part 2Must like n share the video guys..! (c) Through the technique of simplification, Taylor suggested elimination of unnecessary diversity of products. CBSE quick revision note for class-12 Business Studies, Chemistry, Math’s, Biology and other subject are very helpful to revise the whole syllabus during exam days. (d) Human resource officer, 3. This scalar chain should be followed in an organisation so as to establish perfect reporting relationships. 6. (c) Universally applicable Centralisation means concentration of decision making power in few hands. 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. (c) Harmony, not discord Chapter 1 – Nature and Significance of Management. (a) The real business situations are complex. (c) Cause and effect relationship Managers require that authority and responsibility commensurate with each other. (c) Because they are applied in an absolute or in a static manner. (c) Standardisation and simplification of work By profession, FW Taylor was a The objective of this technique of scientific management is to reduce a given line or a product to fixed type sizes and characteristics. Explanation: (d) All of the above. Explanation: For example, management principles emphasise division of work and. Employees for the organization are recruited though a crucial process of selection. Fayol had also written several articles on mining engineering, starting in the 1870s, and some research papers on administration. Answer: b Identify the related principle of general management. Which principle of general management advocates that, “Employee turnover should be minimised to maintain organisational efficiency.”? If, let’s say, Y has to communicate to E, he has to follow the chain Y-W-X-D-E. Which of the following statements is true with reference to principles of management? 22. Management principles help in thoughtful decision-making. This proves the reason behind existence of different departments in an organisation such as marketing, sales, production, human resource management etc. Goals can be accomplished more efficiently if the work is divided into specialised tasks, each performed by a trained employee. Principles of Management: Definition. (c) The concept of assembly line is used extensively in automobile industries like Toyota, Ford etc. (b) Principles of management are not based on rule of thumb/hit-and-trial method, but on a scientific approach. Selected reading from the library in the field of management. (d) Equity. specialisation. The principles of management do not provide readymade straight jacket solutions to all management problems because Answer: c (a) The principles are guidelines to action. It is necessary to achieve organizational goals on time and through minimum cost. Standardisation of work refers to the process of setting … As it is a trait of intelligent persons, it should be inculcated in the employees of the organisation. Equity refers to treating all the personnel from different background, culture, religion, sex, caste etc. (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. The principle of order ensures availability of right person at the right job and right thing at the … (b) Optimum utilisation of resources and effective administration But it should be within the paying capacity of the organisation. These are famous words by Henry Mintzberg. Engineering 2021 , Engineering Interview Questions.com. 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. He was a French mining engineer, and developed general theory of business administration that is called Fayolism. This solution contains questions, answers, images, explanations of the complete chapter 2 titled Principles Of Management taught in Class 12. Management should keep its hands open to welcome the suggestions from the employees. (a) Authority and responsibility (c) Motion study Re… How is the Principle of ‘Unity of Command’ useful to management? Which of the following statements best defines the techniques of management? According to Fayol, there should be one and only one superior for every individual subordinate. (b) Reward the efficient worker Henri Fayol ( 29 July 1841 – 19 November 1925 ) was a French management theorist. His contribution must be interpreted in terms of impact that his writings have improved managerial efficiencies. 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.” The principles of management are intended to be applied to all types and sizes of organisations. ‘Rule of thumb’ refers to (c) The principles of management are in the continuous process of evolution. (b) Motion study Learn the concepts of Business Studies Principles of Management with Videos and Stories. Explanation: Most Asked Technical Basic CIVIL | Mechanical | CSE | EEE | ECE | IT | Chemical | Medical MBBS Jobs Online Quiz Tests for Freshers Experienced. 4. These notes are written by subject experts keeping in mind the CBSE guidelines. This is because larger interests of stakeholders are more important than interest of any one person. This way of connecting superiors to subordinates ensure proper chain of command. (c) They are general rules for behaviour of individuals. (a) Contingent Explanation: This will also ensure coordination among various departments. Dual subordination should be avoided. (a) Flexible The whole pie of work is divided into several pieces to grab them easily. Through this principle of management, Henri Fayol guides the managers to exhibit exemplary behaviour and advises that they should not fall into temptation of misusing their powers for personal benefit at the cost of general interest of the organisation. Principles of management can be modified by the manager when the situation demands. (b) Science, not rule of thumb Text: Principles of Management, Student Achievement Series by Ricky W. Griffin, 2007. 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 14 principles given by Fayol act as a combined solution for the managers to apply in their business practices. (d) All of the above. Principles of management emphasize on logical and rational decision making rather than on the basis of bias and prejudice. (b) The principles denote a cause and effect relationship. (b) To formulate suitable incentive schemes The application of this principle of management leads to higher production and better work for the same effort. (d) The correct answer is Discipline. Explanation: (a) Remuneration of employees According to Taylor, “even a small production activity like loading figures of iron into boxes can be scientifically planned and managed. If he gets order from one superior and is responsible to him only, the work performance report will be made in a better way. 1. (d) None of the above. (adsbygoogle = window.adsbygoogle || []).push({}); Principles of Management are statements, based on fundamental truths. (a) To determine the number of workers to be employed 2. March 22, 2019. Name the technique. (b) Experimentation (d) Unity of direction. 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.” They should be placed at a particular position for due time and should be provided reasonable time to showcase their performance. (c) Unity of command (d) Equity. (d) Through the technique of differential piece rate wage system, Taylor advocated . Principles are a guide to thought and action. 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. Explanation: 8. He is also regarded as ‘Father of General Management’. 26. (b) Esprit De Corps (c) Through the technique of functional foremanship, Taylor suggested appointment eight specialists to monitor various aspects of a job. (d) Functional foremanship. (a) Mechanical engineer The payroll and compensation should be fair to both employees and the organisation. (b) Rigid (a) Mechanical engineer Answer: c Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 2 Principles of Management with Answers Pdf free download. (Name of the student)…….. Of class 12 has successfully completed the Business Studies Project as per the guidelines of class XII Board examination conducted by C.B.S.E. The interests of the organisation should be considered superior as compared to individual person’s objective.  All the employees come from different background and with different objectives which may sometimes be different from that of the organisation as a whole. (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. It prevents overlapping of activities. 30. Identify the feature of the principles of management being described in the given statement. 15. (a) Cause and effect relationships (c) Principles help the manager to take decisions while performing various management functions. (b) Standardisation and simplification of work sr_2018. Explanation: (d) None of the above. (c) Development of each and every person to get his/her greatest efficiency and prosperity (c) The principles act as general guidelines. 21. Answer: c This technique of scientific management aims to determine the amount and frequency of rest intervals that should be provided to the employees during working hours. (c) Meeting changing environmental requirements Standardisation and Simplification of work. 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Pdf free download that reflects the fundamental truth about some phenomenon based on truths... The Business process to be taken and he has two lines of authority under him W-Y-Z and D-E-F at... So stability of personnel ( b ) the principles of management provide important! Production, human resource management etc Meeting changing enviornment requirements: management principles division... More important than interest of any one individual, i.e for growth and prosperity of the statement! Might exist some ambiguity for action to be evolved benefits both the employees the concept assembly... Are in the organisation of personnel ( b ) Method study ( d ) the principles management! Be taken by the organisation, Answers, images, explanations of the following statements is true with reference principles. Person at the right to give orders to subordinates ensure proper chain of communication connects! Avoid delay in any of the candidate the formal chain of command ( d ) Equity be inculcated the! Efficiently if the work is assigned the same plan to reach the shared.... Taken by the employee subordinate should have one and only one superior for every individual subordinate Mc!