Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Principles of Management

Question:

Match the following:

1. Science not Rule of Thumb A. Competition should be replaced by cooperation
2. Harmony, Not Discord B. Complete mental revolution on the part of management and workers
3. Cooperation, Not Individualism  C. Required training should be given to increase efficiency 
4. Development of individual to greatest efficiency D. Only one best method to maximize efficiency
Options:

1-D, 2-B, 3-A, 4-C

1-A, 2-B, 3-D, 4-C

1-C, 2-D, 3-A, 4-B

1-B, 2-C, 3-A, 4-D

Correct Answer:

1-D, 2-B, 3-A, 4-C

Explanation:

* Science not Rule of Thumb: Taylor believed that there was only one best method to maximize efficiency. This method can be developed through study and analysis. The method so developed should substitute ‘Rule of Thumb’ throughout the organization.

* Harmony, Not Discord: Taylor called for complete mental revolution on the part of both management and workers to avoid any kind of discord. It means that management and workers should transform their thinking. In such a situation even trade unions will not think of going on strike etc.

* Cooperation, Not Individualism: There should be complete cooperation between the labor and the management instead of individualism. This principle is an extension of principle of ‘Harmony not discord’. Competition should be replaced by cooperation. Both should realize that they need each other.

* Development of individual to greatest efficiency: Taylor was of the view that to increase efficiency employees should be given required training. Efficient employees would produce more and earn more.