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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Equity
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Stability of personnel
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Initiative
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None 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: -Discipline This principle states that discipline is required for any organization to run effectively. In order to have disciplined employees, managers need to build a culture of mutual respect. There should be a set of organizational rules, philosophies, and structures in place that should be met by everyone.
Detailed explanation-4: -Equity: This principle emphasises kindliness and justice in the behaviour of managers towards workers. It will bring loyalty and devotion in the behaviour of employees and they will put their best to achieve the targets. For example, individuals performing similar jobs in Kapura Ltd.