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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scalar chain
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division of work
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order
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Detailed explanation-1: -The principle of “right place for everything and for every man” should be observed by the management. To observe this principle, there is need for scientific selection of competent personnel, correct assignment of duties to personnel and good organisation.
Detailed explanation-2: -Order – This relates to the proper use of resources and their effective deployment in a structured fashion. Equity – Managers should behave ethically towards those they manage.
Detailed explanation-3: -The principle of the order states that a place should be fixed for everything and everyone and everything and everyone should be in its place. Essentially it means orderliness. If there is a fixed place for everything and it is present there, then there will be no hindrance in the activities of business/ factory.
Detailed explanation-4: -Unity of command states that a subordinate should receive order and be responsible to only one boss. This ensures that each employee gets command only from one superior and is accountable to the same.