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Pravan is working as a Production Manager in DTPL Ltd engaged in manufacturing of DTPL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that the prosperity of the company cannot exist for a long time without the prosperity of the employees. State the principles of management?
- a)Cooperation, not individualism
- b)Science not rule of thumb
- c)Harmony, not discord
- d)Development of each and every person to his or her greatest efficiency and prosperity
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Pravan is working as a Production Manager in DTPL Ltd engaged in manuf...
In the above-mentioned paragraph, the principle is 'harmony, not discord'.
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Pravan is working as a Production Manager in DTPL Ltd engaged in manuf...
Harmony, not discord is the correct principle of management in this scenario because the given information states that there is no class-conflict between the management and workers, and the working conditions are very good. Additionally, the company is earning huge profits and the management is sharing the gains with the workers. This indicates that there is a harmonious relationship between the management and the employees.
Explanation:
1. Harmony, not discord: This principle emphasizes the importance of maintaining a harmonious relationship between the management and the workers. In this scenario, the absence of class-conflict and the good working conditions indicate that there is a sense of harmony within the organization. The management believes in sharing the gains with the workers, which further promotes a positive and cooperative environment.
Other principles of management that could also be applicable in this scenario are:
2. Cooperation, not individualism: This principle emphasizes the importance of teamwork and collaboration. While it is not explicitly mentioned in the given information, the absence of class-conflict and the sharing of gains with workers suggest that there is a cooperative approach within the organization.
3. Science, not rule of thumb: This principle suggests that management decisions should be based on scientific methods and data analysis, rather than relying on intuition or traditional practices. Although not explicitly mentioned, it can be inferred that the management in this scenario is making decisions based on rationality and the belief that the prosperity of the company is linked to the prosperity of the employees.
4. Development of each and every person to his or her greatest efficiency and prosperity: This principle emphasizes the importance of employee development and growth. While it is not explicitly mentioned, the fact that the company is sharing its profits with the workers indicates a focus on the prosperity of the employees.
In conclusion, the principle of management that best aligns with the given scenario is harmony, not discord. However, it is important to note that multiple principles could also be applicable in this context, as the given information suggests a positive and cooperative working environment.
Explanation:
1. Harmony, not discord: This principle emphasizes the importance of maintaining a harmonious relationship between the management and the workers. In this scenario, the absence of class-conflict and the good working conditions indicate that there is a sense of harmony within the organization. The management believes in sharing the gains with the workers, which further promotes a positive and cooperative environment.
Other principles of management that could also be applicable in this scenario are:
2. Cooperation, not individualism: This principle emphasizes the importance of teamwork and collaboration. While it is not explicitly mentioned in the given information, the absence of class-conflict and the sharing of gains with workers suggest that there is a cooperative approach within the organization.
3. Science, not rule of thumb: This principle suggests that management decisions should be based on scientific methods and data analysis, rather than relying on intuition or traditional practices. Although not explicitly mentioned, it can be inferred that the management in this scenario is making decisions based on rationality and the belief that the prosperity of the company is linked to the prosperity of the employees.
4. Development of each and every person to his or her greatest efficiency and prosperity: This principle emphasizes the importance of employee development and growth. While it is not explicitly mentioned, the fact that the company is sharing its profits with the workers indicates a focus on the prosperity of the employees.
In conclusion, the principle of management that best aligns with the given scenario is harmony, not discord. However, it is important to note that multiple principles could also be applicable in this context, as the given information suggests a positive and cooperative working environment.
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Pravan is working as a Production Manager in DTPL Ltd engaged in manufacturing of DTPL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that the prosperity of the company cannot exist for a long time without the prosperity of the employees. State the principles of management?a)Cooperation, not individualismb)Science not rule of thumbc)Harmony, not discordd)Development of each and every person to his or her greatest efficiency and prosperityCorrect answer is option 'C'. Can you explain this answer?
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Pravan is working as a Production Manager in DTPL Ltd engaged in manufacturing of DTPL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that the prosperity of the company cannot exist for a long time without the prosperity of the employees. State the principles of management?a)Cooperation, not individualismb)Science not rule of thumbc)Harmony, not discordd)Development of each and every person to his or her greatest efficiency and prosperityCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Pravan is working as a Production Manager in DTPL Ltd engaged in manufacturing of DTPL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that the prosperity of the company cannot exist for a long time without the prosperity of the employees. State the principles of management?a)Cooperation, not individualismb)Science not rule of thumbc)Harmony, not discordd)Development of each and every person to his or her greatest efficiency and prosperityCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Pravan is working as a Production Manager in DTPL Ltd engaged in manufacturing of DTPL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that the prosperity of the company cannot exist for a long time without the prosperity of the employees. State the principles of management?a)Cooperation, not individualismb)Science not rule of thumbc)Harmony, not discordd)Development of each and every person to his or her greatest efficiency and prosperityCorrect answer is option 'C'. Can you explain this answer?.
Pravan is working as a Production Manager in DTPL Ltd engaged in manufacturing of DTPL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that the prosperity of the company cannot exist for a long time without the prosperity of the employees. State the principles of management?a)Cooperation, not individualismb)Science not rule of thumbc)Harmony, not discordd)Development of each and every person to his or her greatest efficiency and prosperityCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Pravan is working as a Production Manager in DTPL Ltd engaged in manufacturing of DTPL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that the prosperity of the company cannot exist for a long time without the prosperity of the employees. State the principles of management?a)Cooperation, not individualismb)Science not rule of thumbc)Harmony, not discordd)Development of each and every person to his or her greatest efficiency and prosperityCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Pravan is working as a Production Manager in DTPL Ltd engaged in manufacturing of DTPL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that the prosperity of the company cannot exist for a long time without the prosperity of the employees. State the principles of management?a)Cooperation, not individualismb)Science not rule of thumbc)Harmony, not discordd)Development of each and every person to his or her greatest efficiency and prosperityCorrect answer is option 'C'. Can you explain this answer?.
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