✓ Board-verified
Business Studies · 2024 · 6 marks
CBSE 2024 · Region 2 · Set 2 · Q32
(a) Explain the following principles of general management: (i) Unity of command (ii) Equity (iii) Initiative
(a)
Explain the following principles of general management :
(i)
Unity of command
(ii)
Equity
(iii)
Initiative
OR
(b)
Explain the following points of significance of principles of
management :
(i)
Meeting changing environment requirements
(ii)
Management training, education and research
(iii)
Optimum utilisation of resources and effective
administration
Marking-scheme solution
(i)
Unity of command
There should be one and only one boss for every individual
employee.
Dual subordination should be avoided to prevent confusion
regarding tasks to be done.
(ii)
Equity
This principle emphasises kindliness and justice in the
behaviour of managers towards workers.
There should be no discrimination against anyone on
account of sex, religion, language, caste, belief or
nationality etc.
(iii)
Initiative
Initiative means taking the first step with self-motivation.
It is thinking out and executing the plan and should be
encouraged.
A good company should have an employee suggestion
system whereby initiative/suggestions which result in
substantial cost/time reduction should be rewarded.
Explain the following points of significance of principles of
management:
(i)
Meeting changing environment requirements
(ii)
Management training, education and research
(iii)
Optimum utilisation of resources and effective
administration
(b)(i)
Meeting changing environment requirements
The principles are in the nature of general guidelines but
they are modified and help managers to meet changing
requirements of the environment.
Management principles are flexible to adapt to dynamic
business environment.
(ii)
Management training, education and research
Principles of management are at the core of management
theory and are used as a basis for management training,
education and research.
They provide basic groundwork for the development of
management as a discipline and are part of curriculum for
professional managerial courses.
(iii)
Optimum utilisation of resources and effective
administration
Resources both human and material available with the
company are limited and have to be used in such a manner
that they should give maximum benefit with minimum cost.
Principles of management limit the boundary of managerial
discretion so that their decisions may be free from personal
prejudices and biases.
More from Principles of Management
- Explain the following techniques of Scientific Management: (i) Fatigue study (ii) Differential piece wage system (iii) Standardisation and…2024
- Explain the following principles of General Management: (i) Scalar chain (ii) Equity (ii) Initiative OR Objectives of Management can be classified…2025
- Explain ‘Science, not Rule of Thumb’ as a principle of Scientific Management and ‘Functional Foremanship’ and ‘Time study’ as techniques of…2026
- Explain the following principles of management given by Fayol: (i) Unity of Command (ii) Order OR Explain the following points of significance of…2025
- ‘‘The application of principles of management is dependent upon the prevailing situation at a particular point of time.’’ This statement highlights…2026
- Explain the following principles of 'General Management': (i) Discipline (ii) Equity OR Explain the following points of importance of principles of…2025
- Vibhu joined as a Chief Executive Officer. (CEO) of 'Mega Marut Ltd.’, a firm manufacturing cars. On the first day he addressed his subordinates…2023
- Match the principle of management given in Column – I with its explanation given in Column – II: Column – I Column – II (i) There should be one and…2026
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.