Target Exam

CUET

Subject

Business Studies

Chapter

Principles of Management

Question:

Match List-I with List-II.

List-I
(Fayol's principles)

List-II
(Explanation)

(A) Equity

(I) Employee turnover should be minimized
to maintain organizational efficiency.

(B) Order

(II) Management should promote a team spirit
of unity and harmony among employees.

(C) Stability of Personnel

(III) Good sense and experience are needed to ensure
fairness to all employees, who should be treated as fairly as possible.

(D) Esprit De Corps

(IV) People and materials must be in suitable places
at the appropriate time for maximum efficiency.

Choose the correct answer from the options given below:

Options:

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(I), (B)-(III), (C)-(II), (D)-(IV)

(A)-(I), (B)-(II), (C)-(IV), (D)-(III)

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Correct Answer:

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Explanation:

The correct answer is option 4- (A)-(III), (B)-(IV), (C)-(I), (D)-(II).

List-I
(Fayol's principles)

List-II
(Explanation)

(A) Equity

(III) Good sense and experience are needed to ensure
fairness to all employees, who should be treated as fairly as possible. 

(B) Order

(IV) People and materials must be in suitable places
at the appropriate time for maximum efficiency.

(C) Stability of Personnel

(I) Employee turnover should be minimized
to maintain organizational efficiency. 

(D) Esprit De Corps

(II) Management should promote a team spirit
of unity and harmony among employees. 

 

(A) Equity- (III) Good sense and experience are needed to ensure fairness to all employees, who should be treated as fairly as possible. 
Equity. Good sense and experience are needed to ensure fairness to all employees, who should be treated as fairly as possible,” according to Fayol. This principle emphasises kindliness and justice in the behaviour of managers towards workers. This will ensure loyalty and devotion. Fayol does not rule out use of force sometimes. Rather he says that lazy personnel should be dealt with sternly to send the message that everyone is equal in the eyes of the management. There should be no discrimination against anyone on account of sex, religion, language, caste, belief or nationality etc.

(B) Order- (IV) People and materials must be in suitable places at the appropriate time for maximum efficiency.
Order- According to Fayol, “People and materials must be in suitable places at appropriate time for maximum efficiency.” The principle of order states that ‘A place for everything (everyone) and everything (everyone) in its (her/his) place’. Essentially it means orderliness. If there is a fixed place for everything and it is present there, then there will be no hindrance in the activities of business/ factory. This will lead to increased productivity and efficiency.

(C) Stability of Personnel- (I) Employee turnover should be minimized to maintain organizational efficiency.
Stability of personnel. “Employee turnover should be minimised to maintain organisational efficiency”, according to Fayol. Personnel should be selected and appointed after due and rigorous procedure. But once selected they should be kept at their post/position for a minimum fixed tenure. They should have stability of tenure. They should be given reasonable time to show results. Any adhocism in this regard will create instability/insecurity among employees. They would tend to leave the organisation. Recruitment, selection and training cost will be high. So stability in tenure of personnel is good for the business.

(D) Esprit De Corps- (II) Management should promote a team spirit of unity and harmony among employees. 
Esprit de corps-  Management should promote a team spirit of unity and harmony among employees. Management should promote teamwork especially in large organisations because otherwise objectives would be difficult to realise. It will also result in a loss of coordination. A manager should replace ‘I’ with ‘We’ in all his conversations with workers to foster team spirit. This will give rise to a spirit of mutual trust and belongingness among team members. It will also minimise the need for using penalties.