Viva Questions - Principles of Management
Viva Questions - Principles of Management
2
PRINCIPLES OF MANAGEMENT
Principles of Management
prosperity of employees
1 Functional Foremanship
and Specialisation.
2 Standardisation
types.
products.
reduced inventories, fuller utilization and
increase turnover.
-ordination.
incharge.
6 Subordination of individual Larger interests of workers and stakeholders
interest to General Interest are more important that interest of any one
person.
any individual.
7 Remuneration of employees Fair pay and compensation.
relations.
8 Centralization and Concentration of authority is centralization.
Decentralisation
through centralization.
of authority among more than one
person is Decentralisation.
decentralisation.
National level.
9 Scalar chain A formal line of authority from highest to
lowest ranks is called Scalar Chain
Gang plank (shorter route for communication)in case of emergency.
10 Order A place for everything and everything in
place.
efficiency.
manager.
rigorous process.