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Business Studies · 2024 · 6 marks
CBSE 2024 · Region 5 · Set 3 · Q31
(a) Explain the following points of significance of principles of management: (i) Providing managers with useful insights into reality (ii) Meeting…
(a)
Explain the following points of significance of principles of
management:
(i)
Providing managers with useful insights into reality
(ii)
Meeting changing environment requirements
(iii)
Scientific decisions
OR
(b)
Explain the following principles of management:
(i)
Unity of direction
(ii)
Remuneration to employees
(iii)
Equity
Marking-scheme solution
(i)
Providing managers with useful insights into reality
§ Principles of management provide useful insights into reality by enabling the
managers to learn from past mistakes and conserve time by solving recurring
problems quickly.
§ Adherence to these principles adds to their knowledge, ability and
understanding of managerial situations and circumstances.
(ii)
Meeting changing environment requirements
§ Principles of management can be modified according to the changes taking
place in the environment.
§ Hence, they help the managers in meeting changing environment
requirements.
(iii)
Scientific decisions
§ Principles of management help in taking scientific decisions because the
decisions based on principles are free from bias.
§ They are based on the objective assessment of the situation.
OR
Q. (b) Explain the following principles of management:
(i)
Unity of direction
(ii)
Remuneration to employees
(iii)
Equity
(i)
Unity of direction
§ Unity of direction states that all the units of an organisation should be
moving towards the same objectives through coordinated and focussed
efforts.
§ Each group of activities having the same objective must have one head and
one plan. This ensures unity of action and coordination
(ii)
Remuneration to employees
§ Remuneration to employees states that the overall pay and compensation
should be fair to both employees and the organisation which should give the
employees at least a reasonable standard of living.
§ At the same time remuneration should be within the paying capacity of the
company.
(iii)
Equity
§ It advocates that there should be no discrimination against anyone on account
of sex, religion, language, caste, belief, nationality etc.
§ It emphasises kindliness and justice in the behaviour of managers towards the
workers to ensure loyalty and devotion.
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CBSE Class 12 Business Studies past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.