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Business Studies · 2023 · 6 marks
CBSE 2023 · Region 2 · Set 3 · Q31
(a) Explain the following principles of management given by Fayol (i) Discipline (ii) Remuneration to employees (iii)Unity of Command
(a)
Explain the following principles of management
given by Fayol
(i)
Discipline
(ii)
Remuneration to employees
(iii)
Unity of Command
OR
(b)
Explain any three points that highlight the
importance of ‘Principles of Management’.
Marking-scheme solution
(i)
Discipline
Discipline is the obedience to organisational
rules and employment agreement which are
necessary for the working of the
organisation.
According to Fayol, discipline requires
good superiors at all levels, clear and fair
agreements and judicious application of
penalties.
(ii)
Remuneration
The overall pay and compensation should
be fair to both, employees and the
organisation. The employees should be paid
fair wages, which should give them at least
a reasonable standard of living. At the same
time, it should be within the paying capacity
of the company.
If remuneration is just and equitable, it will
ensure congenial atmosphere and good
relations between workers and management.
(iii)
Unity of command
There should be one and only one boss for
every individual employee at a given time
and dual subordination should be avoided to
prevent confusion.
If this principle is violated, authority is
undermined, discipline is in jeopardy, order
disturbed and stability threatened.
OR
Importance of management principles :
(i)
Provide managers with useful insights into reality.
(ii)
Optimum utilisation of resources and effective
administration
(iii)
Scientific decisions
(iv)
Meeting changing environment requirements
(v)
Fulfilling social responsibility
(vi)
Management training, education and research.
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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.