BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Science, not rule of thumb
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Co-operation, not individualism
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Harmony, not discord
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All of the above
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Detailed explanation-1: -According to Taylor, management should not close its ears to any constructive suggestions made by the employees. They should be rewarded for their suggestions which results in a substantial reduction in costs.
Detailed explanation-2: -Cooperation, not Individualism: It suggests that management should encourage constructive suggestions from the workers and reward the suggestions which result in substantial reduction in time or costs.
Detailed explanation-3: -Scientific management can be summarized in four main principles: Using scientific methods to determine and standardize the one best way of doing a job. A clear division of tasks and responsibilities. High pay for high-performing employees.
Detailed explanation-4: -The principle is ‘Cooperation not individualism’. This principle emphasises on the management and the workers working together to achieve organisational objectives.