business studies

The Prime Minister of India Shri Narendra Modi, his cabinet ministers and all members of parliament

will take a 30% salary cut for the next one year, signalling a long road to recovery from the unprecedented

economic blow caused by the Covid-19 pandemic.

Along with the PM and law makers, President Ram Nath Kovind, Vice-President Venkaiah Naidu and

Governors of all states have also voluntarily decided to forgo part of their salaries.

The decision was taken at a Union Cabinet meeting where an ordinance was approved to reduce the

salaries, allowances and pensions of MPs by 30 per cent for one year. The amount will be utilised in the fight

against coronavirus. The total amount will be transferred into the Consolidated Fund of India.

a) identify the Principle Of Fayol in the above case study

(a)  

Arun, a finance manager applies his knowledge in a personalized manner while taking managerial decisions. Which nature of management is highlighted here

(a)  

Sumit Electricals Limited, Panipat has production, purchase, marketing, finance

and human resource departments. All departments are working together to achieve

organizational goals. Highlight the concept of management mentioned here

(a)  

Mr. Ram Kumar , a manager, very often speaks to people at all levels, passing on

instructions regarding his department and also the other departments. Which

principle of management is being overlooked?

(a)  

Which of the following statements describes `Unity of direction` the best?

• A. One head One plan

• B. One subordinate one superior

• C. One work one person

• D. One superior one department

The principles of management can be changed according to the prevailing situation in organisation. This shows that management principles are

• A.Flexible

• B.Behavioral

• C. Scientific

• D. Universal

This principle emphasise kindliness and justice in the behaviour of managers towards workers:

• A.Equity

• B.Order

• C.Espirit de Corps

• D. Initiative

Functional foremanship is an extension of which of the following principles

• A) division of work

• B )discipline

• C)subordination of individual interest to general interest

• D)Espirit de Corps

Radhika is engaged in manufacturing earthen coolers by using environmental friendly methods of productions. Which management objective is discussed?

• a) Organisational objective

• b) Social objective

• c) Personal objective

Which level of management formulates overall organizational goals and strategies for their achievement?

(a)