Business Management MCQ Questions and Solutions with Explanations | Management

Father of principles of management is Henry Fayol. Henri Fayol is claimed to be the real father of modern management. He was a Frenchman born in 1841 and was working as an engineer with a mining company. He improved the condition of the company from virtual bankruptcy to high success.

Pioneer of Human Relations is Elton Mayo. Elton Mayo is considered the founder of the Human Relations Theory. Prior to this trend, Elton Mayo already started an experiment in the Hawthorne plants in 1924; the Hawthorne experiment.

Management and administration are partly same and partly different. Administration is concerned with the laying down of basic objectives and broad policies of an organisation, while management is concerned with performing various functions such as- planning, coordinating and controlling for attaining organisational objectives.

Espirit de corps means union is strength. This principle says that the management should create a team spirit within various employees or various groups in the organization. All the employees should work as a team towards achievement of the organizational goals.

Henry Fayol laid down 14 principles. They are Division of Work, Authority and Responsibility, Discipline, Unity of Command, Unity of Direction, Subordination of Individual Interest, Remuneration, The Degree of Centralization, Scalar Chain, Order, Equity, Stability of Tenure of Personnel, Initiative and Esprit de Corps.

F.W. Taylor is associated with Scientific Management. In this, he proposed that by optimizing and simplifying jobs, productivity would increase. He also advanced the idea that workers and managers needed to cooperate with one another. This was very different from the way work was typically done in businesses beforehand. A factory manager at that time had very little contact with the workers, and he left them on their own to produce the necessary product. There was no standardization, and a worker's main motivation was often continued employment, so there was no incentive to work as quickly or as efficiently as possible.

Co-ordination function is regarded as the essence of management. The meaning of this sentence implies, Co-ordination affects all the functions of management. In other words, Co-ordination affects Planning, Organising, Staffing, Directing, Communication, Leading, Motivating and Controlling.

Henry Fayol was a French Industrialist. Henri Fayol (29 July 1841 – 19 November 1925) was a French mining engineer, mining executive, author and director of mines who developed general theory of business administration that is often called Fayolism.

Principles of Management was contributed by Hendry Fayol. Henry Fayol's contribution to management theory is certainly remarkable. He gave overall concepts of general management and suggested the basic functions of management. He recommended the selection and training of workers and managers.

Control system of an organisation has no influence over the external environment. Organizational control systems are a vital aspect of executing strategy because they track performance and identify adjustments that need to be made. Output controls involve measurable results. Behavioural controls involve regulating activities rather than outcomes.