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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Subordination of individual interest to general interest
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Division of work
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Discipline
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All of the above
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Detailed explanation-1: -The principle of order states that “a place for everything (everyone) and everything (everyone) in its (his/her) place”. If there is a fixed place for everything and it is present there, then there will be no hindrance in the activities of the business/ factory.
Detailed explanation-2: -At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling.
Detailed explanation-3: -Importance of Principles of Management: The application of principles of management helps the managers to take right decisions at the right time. These principles of management help managers to tackle the diverse problems in a dynamic business environment.
Detailed explanation-4: -Ans. Fayol introduced the concept of ‘gang plank’ in the principle of ‘scalar chain’ to overcome the problem of communication delay in urgent matters. Ans. Principle of ‘unity of command’ is violated.