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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Division of Work
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Subordination of Individual Interests to the General Interest
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Centralization
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Detailed explanation-1: -Centralization – This principle refers to how close employees are to the decision-making process. It is important to aim for an appropriate balance.
Detailed explanation-2: -Centralization refers to the concentration of power in the hands of the authority and following a top-bottom approach to management. In decentralization, this authority is distributed to all levels of management. In a modern context, no organization can be completely centralized or decentralized.
Detailed explanation-3: -Unity of Command. Each worker should have only one boss with no other conflicting lines of command.
Detailed explanation-4: -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-5: -Unity of Command: According to this principle, an individual employee should have only one superior from whom he should receive orders and to whom he should be responsible.