Business Studies Chapter 2: Principles of Management

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Questions and Answers

Which of the following is NOT considered a principle of management?

Division of Work
Authority and Responsibility
Unity of Command
Market Segmentation (correct)

The principle of 'Unity of Command' suggests that an employee should receive orders from multiple superiors.

False (B)

What is the importance of the principle of 'Scalar Chain' in management?

The scalar chain ensures clear communication and a structured authority within an organization.

Match the following management principles with their descriptions:

<p>Division of Work = Specialization increases productivity Authority and Responsibility = Power must be matched with accountability Discipline = Obedience and respect within the organization Espirit de Corps = Promoting team spirit and unity among employees</p> Signup and view all the answers

Fayol proposed ______ principles of management.

<p>14</p> Signup and view all the answers

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Study Notes

Principles of Management

The principle of 'Unity of Command' states that an employee should have only one superior to avoid confusion and conflicting commands.
A principle NOT considered essential is that employees receive orders from multiple superiors, contrary to the 'Unity of Command.'

Scalar Chain Principle

The 'Scalar Chain' principle refers to the clear line of authority within an organization, facilitating effective communication and accountability.
It emphasizes the importance of a structured hierarchy where instructions and decisions flow from top management down to lower levels.

Fayol's Management Principles

Henri Fayol proposed 14 principles of management, laying the foundation for modern management theory.
Some key principles include division of work, authority and responsibility, discipline, and order, which help improve organizational efficiency and effectiveness.