Principles of Management Chapter 1

Management principles provides:

• Guidelines for managerial action

• Readymade solution to managerial problems

• Guarantee for success of an organisation

• All of the above

Management is the process of getting things done, _______ and efficiently, through and with other people.

Marketing manager may be classified in the category of____________________.

• Top-level management

• Lower-level management

• Middle-level management

• All of the Above

Goal or target to be achieved is known as

• Schedule

• Procedures

• Objective

• Budget

Henry Fayol is famous for_________________.

• Scientific Management

• Industrial Psychology

• Rationalization

• Principles of Management

 

These are types of management theories EXCEPT:

• Scientific management theory

• Administrative management theory

• Bureaucratic management theory

• 14 Principles of Management Theories by Henry Fayol

According to Henri Fayol, if this principle of general management is violated, "authority is undermined, discipline is in jeopardy, order disturbed and stability threatened." Identify the principle.

• Authority and responsibility

• Unity of command

• Equity

• Discipline

 "This refers to the belief that there must be a unified team contribution and that cooperation is always greater than the aggregate of individual performances" refers to:

• Authority and responsibility

• Unity of command

• Esprit De Corps

• Order

 

Define Ethics

• A perception about what is right or wrong

• Thoughtful decisions about behavior

• Principles, values, and beliefs that define what is right and wrong behavior

• None of these

The process of monitoring performance, comparing it with goals, and correcting any significant deviations is the definition of