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Business important chapter questions and answers/ summary

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it includes all the important questions and answers required for attending Karnataka board exams

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II CHAPTER - PRINCIPLES OF MANAGEMENT

SECTION A - 1 mark
1. Who is known as Father of General Management?
Ans: Henry Fayol is known as Father of General Management.


2. Name any one new technique of management developed on the basis of principles of
management?
Ans: Operations Research or cost Accounting is one new technique of management developed
on the basis of principles of management.

3. Who is called the Father of Scientific management?
Ans: F. W Taylor (Fredrick Winslow Taylor) is called the father of scientific management

4. Who advocated separation of planning and execution of functions in any
organization?
Ans: F. W. Taylor advocated separation of planning and execution of function in the
organization.

5. What is standardization according to Taylor?
Ans: Standardization refers to the process of setting standards for every business activity.

6. How simplification differs from standardization according to Taylor?
Ans: Standardization refers to the process of setting standards for every business activity.
Simplification aims at eliminating unnecessary diversity of products.

7. What is the aim of simplification according to Taylor?
Ans: Simplification aims at eliminating unnecessary diversity of products.


8. Who strongly advocated piece wage system?
Ans: F. W. Taylor strongly advocated piece wage system.


9. State the number of principles of management pro pounded by Henry Fayol
Ans: 14 Principles of management propounded by Henry Fayol.


10. Which management principle of Fayol advocates that there should be only one boss for
each individual employee?
Ans: Unity of command is the principle of Fayol advocates that there should be only one
boss for each individual employee.

11. What is the objective of Method study according to Taylor.
Ans: The main objective of method study is to find out one best way of doing a job.

, 12. Principles of management are not
a) Universal b) Flexible
c) Absolute d)Behavioural
Ans : Absolute

13. How are principles of management formed?
a) In a Laboratory b) By experience of managers
c) By experiences of customers d) by propagation of social scientists
Ans: By experiences of managers

14. Which of the following statement best describes the principle of ‘Division of Work’
a) Work should be divided into small tasks
b) Labour should be divided
c) Resources should be divided among jobs
d) It leads to specialization
Ans: Work should be divided into small tasks

15. She / He keeps machines, materials, tools etc., ready for operations by concerned workers
whose work is described by this sentence under functional foremanship
a) Instruction card clerk
b) Repair boss
c) Gang Boss
d) Route clerk
Ans: (c) Gang Boss


16. The principles of management are significant because of:
a. Increase in efficiency c. Initiative
b. Optimum utilization of resources d. Adaptation to changing technology

17. Henry Fayol was a:
a. social scientist c. Mining engineer
b. accountant d. Production engineer

18. which of the following is not a Principle of management given by Taylor
a. Science,not rule of the thumb
b. Functional foremanship
c. Maximum not restriction output
d. Harmony not discord

19. Management should find ‘One best way ‘to perform a task. Which technique of scientific
management is defined in this sentence?
a. Time study c. Motion study
b. Fatigue study d. Method study

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Chapter 2 principles of management

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