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Answer in one sentence. What is the meaning of principle? - Organisation of Commerce and Management

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प्रश्न

Answer in one sentence.

What is the meaning of principle?

एक पंक्ति में उत्तर
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उत्तर

A principle is a basic rule or belief that guides actions and decisions.

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अध्याय 1: Principles of Management - Exercise [पृष्ठ १५]

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बालभारती Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 1 Principles of Management
Exercise | Q 1. F) 5) | पृष्ठ १५

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संबंधित प्रश्न

Explain any four characteristics of ‘principles of management’.


What is meant by principles of management?


 Henry Fayol developed altogether _________ principles of management.


Top level management and Middle level management


Explain the principle of ‘Scalar Chain’ and gang plank.


A production manager at top level in a reputed corporate, Mr. Rathore holds the responsibility for ordering raw material for the firm. While deciding on the supplier for the financial year 2017-18, he gave the order to his cousin at
a higher price per unit instead of the firm’s usual supplier who was willing to lower the rates for the order. Which principle of management was violated by Mr. Rathore? What are the positive impacts of following the above identified principle?


Bhasin’ limited was engaged in the business of food processing and selling its products under a popular brand. Lately the business was expanding due to good quality and reasonable prices. Also with more people working the market for processed food was increasing. New players were
also coming to cash in on the new trend. In order to keep its market share in the short run the company directed its existing workforce to work overtime. But this resulted in many problems. Due to increased pressure of work the efficiency of the workers declined. Sometimes the subordinates had
to work for more than one superior resulting in declining efficiency. The divisions that were previously working on one product were also made to work on two or more products. This resulted in a lot of overlapping and wastage. The workers were becoming indisciplined. The spirit of teamwork, which
had characterized the company, previously was beginning to wane. Workers were feeling cheated and initiative was declining. The quality of the products was beginning to decline and market share was on the verge of decrease. Actually the company had implemented changes without creating the required infrastructure.

a. Identify the Principles of Management (out of 14 given by Henry Fayol) that were being violated by the company.

b. Explain these principles in brief.

c. What steps should the company management take in
relation to the above principles to restore the company
to its past glory?


Management principles influence ________.


Write a word or phrase or a term which can substitute the following.
The principle of management that says the work should be divided into parts.


Write a word or phrase or a term which can substitute the following.
The principle of management explaining the importance of fair payment to workers.


Write short note on the following.
Nature of management.


State with reasons whether the following statement true or false:
The principles of equity says that the employees should be differentiated while distributing the work and making payment.


Explain meaning of principles of management and discuss the nature principles of management.


Discuss the need for the principles of management.


Only some principles of management are important.


How are principles of management formed?


Principles of management cannot be ______.


Management principles are contingent or dependent upon the situations prevailing in the organization. Which is the correct explanation associated with this statement?


The task of getting things done by others is known as management.


Principles of Management are not as accurate as principles of Science because ______.


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