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Business Studies · 2023 · 6 marks
CBSE 2023 · Region 5 · Set 1 · Q31
(a) Explain: (i) 'Science not Rule of Thumb' as a principle of management and (i) Method Study' and 'Time Study' as techniques of Scientific…
(a)
Explain: (i) 'Science not Rule of Thumb' as a principle of
management and (i) Method Study' and 'Time Study' as
techniques of Scientific Management.
OR
(b)
Explain: (a) 'General Guidelines' as a feature of principles
of management, (ii) Providing managers with useful insights into
reality and fulfilling social responsibilities as significance of
principles of management.
Marking-scheme solution
(i)
Science not rule of thumb
§ It states that there was only one best method to maximise
efficiency.
§ This method can be developed through scientific study and
analysis of each element of a job and should substitute ‘Rule of
Thumb’ and should be followed throughout the organisation.
(ii)
Method Study
§ It is a technique to find out one best way of doing the job and
includes all activities from procurement of raw materials till the
final product is delivered to the customer.
§ It helps to minimize the cost of production and maximize
quality and satisfaction of the customer.
Time Study
§ It is a technique to determine the standard time taken by a
worker of reasonable skill and efficiency to perform a well-
defined job.
§ It helps in deciding the number of workers to be employed,
frame suitable incentive schemes and determine labour costs.
(i)
General Guidelines
The principles of management are guidelines to action but do not
provide readymade straitjacket solutions to all managerial problems.
This is so because real business situations are very complex and
dynamic and are a result of many factors.
(ii)
Providing managers with useful insights into reality
Adherence to the principles of management will add to the
knowledge of managers, the ability and understanding of managerial
situations and circumstances.
It will also enable managers to learn from past mistakes and conserve
time by solving recurring problems quickly.
Fulfilling social responsibility
The increased awareness of public forces businesses to fulfill their
social responsibilities. Management theory and principles have
evolved in response to these demands.
The interpretation of the principles also assumes newer and
contemporary meanings with the change in time.
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CBSE Class 12 Business Studies past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.