Test: Principles Of Management - 1 - Commerce MCQ

Principles of management are not absolute. They are just the guidelines for the decision making in the course of management. That is, principles of management are not applied as it is in the real business situations rather they need to be modified by the manager as per the situation and the requirement.

Principles of management are formed by the experiences of manager as It provides useful Insights into reality.

Peter Drucker defined management as multiple purpose organ that manages a business, manages a manager and manages workers and work.

Henri Fayol (1841 – 1925) was a French coal-mine engineer, director of mines and modern management theoretician. His scientific management theory forms the base for business administration and business management. In the academic world, this is also known as Fayolism. Henri Fayol provided one of the most influential modern management concepts of his time. He is founder of the 14 Principles of management and the five functions of management.

The principle of Division of Work, also known as division of labor, is an important concept in the field of management and economics. It refers to the practice of breaking down a complex task into smaller, more manageable tasks that can be assigned to different individuals or groups. This principle is often attributed to Adam Smith, who highlighted its benefits in his book "The Wealth of Nations".
The best description of the principle of Division of Work is as follows:
Work should be divided into small tasks:
- This means that a large task or project should be broken down into smaller, more specific tasks.
- Each individual or group is assigned a specific task based on their skills, expertise, and resources.
- The tasks are usually interdependent and contribute to the overall completion of the project.
Reasons for dividing work:
- Efficiency: Division of work allows individuals or groups to specialize in specific tasks, which increases their efficiency and productivity.
- Expertise: When individuals focus on a specific task, they can develop specialized skills and knowledge, becoming experts in their field.
- Time-saving: Dividing work reduces duplication of effort and allows tasks to be completed simultaneously, saving time.
- Quality: Specialization and expertise lead to higher quality work as individuals can focus on improving their specific task.
- Training: Division of work provides opportunities for training and skill development as individuals become proficient in their assigned tasks.
In conclusion, the principle of Division of Work involves breaking down a task into smaller tasks and assigning them to individuals or groups based on their skills and resources. This division leads to specialization, increased efficiency, improved quality, and time-saving benefits.

Gang boss is assigned the task of keeping the Machines and tools ready for operations he have to take care of the material which are to be used by the people on the other hand repair Boss ensures that machines are in proper working condition .route clerks are to watch over the rate of production and instruction card clerk are to assign the duties of workers.

Among the options given above, Functional Foremanship is not a principle of management rather it is a technique of scientific management as given by Taylor. It comprises of the methods or steps to be taken to achieve a desired goal. On the other hand, the other three are principles of management that acts as guidelines for decision making in the actual practice of the techniques.

The technique that is being described in the given sentence is 'Method Study'. According to the 'Method Study' there is always a 'one best way' to complete any task. Every task can be performed via best method to gain efficiency. The basic purpose of this study is to reduce the costs to its minimal and increase the productivity to its maximum. Time study, Motion study and Fatigue study aims at standardising the time limits, eliminating the unwanted actions and deciding the break limits, respectively.

The word management denotes a function, a task, a discipline.

This is a multiple choice question based on the principles and practices of management.

These question helps to figure out the basics and understandings of the students.

Filling in the right option ensures their knowledge and information regarding the chapter and subject to be precise.

Here the right answer is management.

Functional structure assists in increasing managerial and operational efficiency.