Business Management - Study Mode
[#121] Father of principles of management.
Correct Answer
(C) Henry Fayol
Explanation
Solution: Father of principles of management is Henry Fayol. Henri Fayol is claimed to be the real father of modern management. He was a Frenchman born in 1841 and was working as an engineer with a mining company. He improved the condition of the company from virtual bankruptcy to high success.
[#122] Management and administration are.
Correct Answer
(C) partly same and partly different
Explanation
Solution: Management and administration are partly same and partly different. Administration is concerned with the laying down of basic objectives and broad policies of an organisation, while management is concerned with performing various functions such as- planning, coordinating and controlling for attaining organisational objectives.
[#123] Espirit de corps means______________.
Correct Answer
(A) union is strength
Explanation
Solution: Espirit de corps means union is strength. This principle says that the management should create a team spirit within various employees or various groups in the organization. All the employees should work as a team towards achievement of the organizational goals.
[#124] Henry Fayol laid down
Correct Answer
(C) 14 principles
Explanation
Solution: Henry Fayol laid down 14 principles. They are Division of Work, Authority and Responsibility, Discipline, Unity of Command, Unity of Direction, Subordination of Individual Interest, Remuneration, The Degree of Centralization, Scalar Chain, Order, Equity, Stability of Tenure of Personnel, Initiative and Esprit de Corps.
[#125] F.W. Taylor is associated with____________.
Correct Answer
(A) Scientific Management
Explanation
Solution: F.W. Taylor is associated with Scientific Management. In this, he proposed that by optimizing and simplifying jobs, productivity would increase. He also advanced the idea that workers and managers needed to cooperate with one another. This was very different from the way work was typically done in businesses beforehand. A factory manager at that time had very little contact with the workers, and he left them on their own to produce the necessary product. There was no standardization, and a worker's main motivation was often continued employment, so there was no incentive to work as quickly or as efficiently as possible.