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Principles of Management Test - 17

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Principles of Management Test - 17
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Weekly Quiz Competition
  • Question 1
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    How are principles of management formed?
    Solution
    Principles of management were developed over years by experiences and observations of the managers. Every manager faces varying situations in real business organisations. Based on these experiences, they draw general conclusions and inferences that guide them in their action and decision making in similar situations.
  • Question 2
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    "Unity of Objectives" principle states that there should be ____________.
  • Question 3
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    Which one is the most important principle of Business Ethics?
  • Question 4
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    Delegation of authority makes the size of the organization ______.
  • Question 5
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    The appointments of intermediaries for a public issue is made by ___________________________.
    Solution
    The lead manager is a merchant banker who orchestrates the issue and appoints the intermediaries in constultation with the company.
  • Question 6
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    Henry Fayol was a _______________.
    Solution
    Henri Fayol (29 July 1841 – 19 November 1925) was a French mining engineer, mining executive, author and director of mines who developed general theory of business administration that is often called Fayolism.
  • Question 7
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    The Concept of M.B.O. originally came from _________.
  • Question 8
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    As per Fayol a manager should have _________ qualities.
  • Question 9
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    Fayol believed that every department of the organisation should be working on the same plan to achieve the organisation's objectives. He expressed this in which principle of management?
  • Question 10
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     Which of the following is one of the 14 principles of management identified by Henry Fayol?
    Solution
    According to Fayol, “Organisations should have a chain of authority and communication that runs from top to bottom and should be followed by managers and the subordinates.”
    Scalar Chain: An organisation consists of superiors and subordinates. The formal lines of authority from highest to lowest ranks are known as scalar chain.
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