Chapter 4- Fambus

What is the Italian word 'MANAAGGRIARE' translated to in English?

• To direct a household to economize

• To train horses to handle

• An act of guiding or leading

• To organize and direct human effort

According to the text, what is the essence of planning?

• Value of money, virtue of patience, and joy of originating

• Value of time, virtue of patience, and joy of planning

• Value of time, virtue of patience, and joy of originating

• Value of time, virtue of patience, and joy of executing

What is the principle of delegation of authority and responsibility?

• Giving power to subordinates and guiding them on how to use it

• Providing resources and making full use of them

• Making decisions after careful consideration of all factors

• Planning carefully and being prepared for contingencies

Who is known as the Father of Modern Management Theory?

• Frederick Taylor

• Henri Fayol

• Fayol Taylor

• Taylor Fayol

What is the principle of unity of command?

• Employees should receive orders from multiple superiors

• Employees should give orders to their superiors

• Employees should receive orders from one superior only

• Employees should not receive any orders

What is the primary concern of Frederick Taylor's principles of scientific management?

• Increasing productivity through greater efficiency in production

• Achieving maximum output through chaos

• Reducing pay for workers

• Creating discord in group action

What is the principle of human relations in management?

• Management succeeds or fails based on how resources are utilized

• Management succeeds or fails based on how human relations are handled

• Management succeeds or fails based on standardization

• Management succeeds or fails based on financial incentives

What is the principle of balance according to the text?

• Internal well-balanced company is essential for efficiency

• Balancing work and personal life

• Balancing financial incentives for employees

• External well-balanced company is essential for efficiency

What is the principle of specialization in management?

• Encouraging employees to do few things well

• Encouraging employees to do many things well

• Diversifying the field of activity to increase productivity

• Narrowing the field of activity to increase productivity

What is the principle of control in management?

• Ignoring deviations from plans

• Encouraging chaos and deviation from plans

• Correcting and measuring activities to ensure conformity to plans

• Not measuring performance against goals