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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On the basis of observation
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On the basis of experimental studies
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On the basis of both (a) and (b)
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None of these
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Detailed explanation-1: -(ii) On the basis of experimentation: All the principles of management establish a cause-and-effect relationship between variables, which means that they are developed on the basis of experimental studies.
Detailed explanation-2: -Five principles of management are as follows: 1.Division of work. 2.Unity of Command. 3.Subordination of individual interest. 4.Unity of Direction.
Detailed explanation-3: -Etymology. The English verb “manage” has its roots by the XV century French verb ‘mesnager’, which often referred in equestrian language “to hold in hand the reins of a horse". Also the Italian term maneggiare (to handle, especially tools or a horse) is possible. In Spanish, manejar can also mean to rule the horses.
Detailed explanation-4: -There are 14 Principles of Management described by Henri Fayol.
Detailed explanation-5: -Experimental Method: When some scientific experiments are made the basis for deriving a principle it is called as ‘Experimental Method’. This method deals with conducting experiments in different situation in different organizations and if the outcome of each organization is same then a principle is derived.